Margin Of Safety: The 3 Most Important Words In Investing by Chris Gilbert
[klarman]
Margin of Safety, a concept put forth by Benjamin Graham, has been central to the value investing philosophy for quite a while now. So much so, the great Warren Buffett stated margin of safety might be the most important words in investing. So what exactly does the phrase mean and how can you use the idea to your advantage as an individual investor?
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