funds to help establish a new postdoctoral fellowship program at the school, the Klarman Fellowships. Awards Klarman has been called a "hedge fund titan," and a "quiet giant of investing," for his slow accumulation of fund capital over his career (in 2008, his hedge fund was the 6th largest in the world) and low profile. It was reported by Andrew Ross Sorkin, of The New York Times, that "[Klarman] is the most successful and influential investor you have probably never heard of." His Investopedia entry has him listed as "an enigma in the investing world." He is sometimes called "the Warren Buffett of his generation," and the "Oracle of Boston." According to The New York Times, Buffett has publicly praised Klarman's investing, and it has been reported that Buffett keeps a copy of his book on his bookshelf. In 2008, he was inducted into Institutional Investors Alpha's Hedge Fund Manager Hall of Fame along with Alfred Jones, Bruce Kovner, David Swensen, George Soros, Jack Nash, James Simons, Julian Roberston, Kenneth Griffin, Leon Levy, Louis Bacon, Michael Steinhardt, Paul Tudor Jones and Steven A. Cohen. Publications and works Klarman has written many annual letters to shareholders but has kept a limited role in writing articles, op-eds or books. In 1991, Klarman published his only book, Margin of Safety, Risk Averse Investing Strategies for the Thoughtful Investor (1991), a reflection of value investing found in his hedge fund. In the book, he outlines the various issues with retail investing, and critiques small time investors getting into the market purely using metrics such as share price momentum and losing money in the long run. He issues that this is speculation and at times gambling, and should be discouraged in the marketplace. The book asserts that more people should follow the principles of value investing or people who invest in stocks that trade below their underlying value so as to purchase them at a discount. The book had amassed a cult following. Due to "only 5,000 copies [being sold]," the book is out of print and has become a relic in the finance community. Originally the book was priced at $25 a copy, however, due to it being out of print, it has a market price of $700 for used versions with newer copies going for $2,500 to $4,000. University libraries report the book as "one of their most wait-listed titles as well as