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Margin of Safety, Part 6
Manage episode 397623970 series 3551194
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Avoiding loss should be the primary goal of every investor. The way to avoid loss is by investing with a significant margin of safety. A margin of safety is necessary because valuation is an imprecise art, the future is unpredictable, and investors are human and make mistakes.
Margin of Safety was published in 1991 by Seth Klarman. The book is now out of print.
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