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Funnily enough - margin of safety is also exactly what works best in capital(ist) markets. See Graham&Dodd, or Buffett&Munger. This reminds me that capitalism
by H8crilA 6y ago
Funnily enough - margin of safety is also exactly what works best in capital(ist) markets. See Graham&Dodd, or Buffett&Munger.
This reminds me that capitalism will probably be just fine once people are reminded (yet again) about what risk is, and that they should treat all their counterparties well, to get those long term win-win situations.
- agustamir 6y ago> This reminds me that capitalism will probably be just fine once people are reminded (yet again) about what risk is Can you elaborate on this? What is the risk, and what do people need to be reminded of?