Margin of Safety: The Key to Surviving and Thriving
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What if the Growth Rate Was 30 %?
A person who doesn't have any inclination to accumulate cash cannot be right an unrealistic percentage of the time. There's a big cushion there where he can be pretty wrong and still be fine. And then anything above that is gravy, right? But you could essentially behave as if the most conservative plan would be the plan that happens.
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