sentences: "Graham-and-Doddsville" influenced Seth Klarman's 1991 "Margin of Safety" and was cited by Klarman as a principal source; "Buffett's argument has never, to my knowledge, been addressed by the efficient-market theorists; they evidently prefer to continue to prove in theory what was refuted in practice".Klarman's book, never reprinted, has achieved a cult status, and sells for four-digit prices.