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Charlie Munger has the strongest coverage in these notes.
Organization
Organization
Margin of Safety
1 Books1 Highlights14 Themes
Margin of Safety appears across 1 book, with 1 highlight.
Books
Notes
Recurring themes
Consistently Not Stupid Beats Brilliant, Intrinsic Value Through Cash Flow Not Momentum, Stock as Business Ownership Not Ticker Symbol
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A margin of safety is achieved when securities are purchased at prices sufficiently below underlying value to allow for human error, bad luck, or extreme volatility in a complex, unpredictable and rapidly changing world…
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Answers use only the 1 books and 1 highlights on this page.
Highlights
"A margin of safety is achieved when securities are purchased at prices sufficiently below underlying value to allow for human error, bad luck, or extreme volatility in a complex, unpredictable and rapidly changing world. —SETH KLARMAN, MARGIN OF SAFETY, 1991"
Charlie Munger
Themes
Consistently Not Stupid Beats BrilliantIntrinsic Value Through Cash Flow Not MomentumStock as Business Ownership Not Ticker SymbolMr. Market as Servant Not MasterFree Cash Flow as Valuation BedrockBottom-Up Only ValuationIndependent Thought Over Herd RegressionSimplicity as Performance AdvantageBuy at One-Third of Sellout Value Then WaitShort-Term Predictions in the Too-Hard PileMargin of Safety Renders Prediction UnnecessaryChecklist Before CommitmentPrice Versus Value DisciplineProjections as Dressed-Up Delusion