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The Three Most Important Words In Investing

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Jacob Wolinsky
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ValueWalk's Raul Panganiban interviews Gautam Baid, CFA, portfolio manager at an SEC-registered investment advisor based in Salt Lake City, Utah. In this part, Gautam discusses 'margin of safety', the three most important words in investing, the importance of capital preservation, the behavioural biases that we face, Munger's investing principles and the education of a value investor.

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Yeah. All right. And then in the chapter titled The three most important words in investing, and sorry for the spoiler here, but its margin of safety. Why, why are those the three most important words?

is because a single bigger figure of a big...

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Jacob Wolinsky is the ex-Founder of Valuewalk.com (founded 2011, sold 2023). He is founder of HedgeFundAlpha (formerly ValueWalk Premium), a hedge fund focused intelligence service for institutional investors. Prior to founding Valuewalk, Jacob worked as an equity analyst covering small caps, a micro-cap analyst, doing member development a large hedge fund community and freelance financial writing. Jacob lives with his wife and five kids in Passaic NJ. - Email: jacob(at)hedgefundalpha.com. For confidential inquires email me for my Signal id. Other methods of secure communication are also available. FD: I almost exclusively avoid the purchase of equities to avoid conflict of interest and any insider information. I only purchase broad-based ETFs and mutual funds. I will disclsoe if I have a stake in any company, but in general avoid