5min chapter

We Study Billionaires - The Investor’s Podcast Network cover image

Classic 15: The Great Minds of Investing

We Study Billionaires - The Investor’s Podcast Network

CHAPTER

Buffet and Buffet's 'Margin of Safety'

Yewilliams: I think graham came up with a couple of very, very profound insights. He said that the future is tremendously uncertain, and so you need to build in some kind of margin of safety. And i've really internalized that idea from graham. So for me when i started to invest in my early twenties,  you're either going to get it or you don't, you know? It's almost like a religious experience,. yes, youare absolutely right," he says.

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