Margin of Safety: The Key to Surviving and Thriving
Beginning Balance
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Margin of Safety Is Different From Being Conservative
House: Margin of safety is raising the odds of success at a given level of risk by increasing your chances of survival. He's saying, that would be, that's conservatism without being conservative. I think you do exactly what he just said. You challenge every assumption. And how do you increase your chance of survival? By taking money off the table and putting it in tea bills.
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