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That is a great perspective and sounds like Ben Graham's concept of margin of safety in chapter 20 of the Intelligent Investor. Apply that to your investments a
by panax 5y ago
That is a great perspective and sounds like Ben Graham's concept of margin of safety in chapter 20 of the Intelligent Investor. Apply that to your investments and find businesses that have a margin of safety and have considerably more earning power than the going rate of debt and you will do well.