DAILY WALL STREET WISDOM · #028
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“The margin of safety is always dependent on the price paid.”
🇺🇸Benjamin Graham
Father of Value Investing
WHO SAID IT
🇺🇸 Benjamin Graham
Father of Value Investing
WHAT IT MEANS
The difference between what you pay and what an asset is worth is your buffer against error. A larger margin of safety means even if your analysis is partially wrong, you can still avoid losing money.
risk