4min chapter

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

TIP544: Life-Changing Returns in Cyclicals & Spinoffs

We Study Billionaires - The Investor’s Podcast Network

CHAPTER

The Importance of Margin of Safety in Investing

The Nifty 50 were a group of premier growth stocks such as Xerox, IBM, Polaroid and Coca Cola that became institutional darlings in the early 1970s. The real returns on these is far negative had you bought during the hype phase in 1972. Unethical managers have a way of siphoning cash from the business so be wary of businesses run for social purposes or they're owned by shady promoters. A man who can steal from you will steal from you.

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