Jackpot!
"Where observation is concerned,
chance favors only the prepared mind."
- Louis Pasteur
chance favors only the prepared mind."
- Louis Pasteur
Who says you can't make money from personal finance books? A number of years ago, I used to buy a lot of financial books, and it has come to my attention that some of these used books are now worth more than I paid for them new - in some cases, a lot more. Using Amazon and eBay and other sources, I've determined that several of my old financial books are now worth more than $100 each, but the biggest jackpot is a 1991 book by Seth Klarman entitled Margin of Safety. An Amazon.com listing of the book shows prices from $1,125 to $2,399. My copy is in pristine condition and would appear to fetch more than two thousand dollars!
Margin of Safety has apparently become a collector's item because it's the only book Klarman ever published and it was never reprinted. For some hedge fund managers and others, it's also become a status symbol to be able to display the book on their coffee table.
It's a good book, but for $2,000, I think I'll take some notes and have it pay for next year's vacation. So take a look around on your bookshelves and see what you have. It might be worth more than you think.
1 comments:
whoa. that's absolutely crazy. i wish i owned books that were worth something. that reminds me of a time when beanie babies were worth a zillion dollars each. i was young then, and unfortunately destroyed the few that i had (they were toys, after all) but I wish i had kept them in good condition and sold them for the knocked up prices. I can't wait to hear how much you end up selling those books for!
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