2min chapter

Clearer Thinking with Spencer Greenberg cover image

Mental models that apply across disciplines (with Blas Moros)

Clearer Thinking with Spencer Greenberg

CHAPTER

The Importance of Margin of Safety in Value Investing

margin of safety is an idea from the engineering world. It's how much extra room for error you have beyond what you technically need. Buffett and Munger talk about it also outside of an investing mindset but also in just relationships right so they kind of have this newspaper test to see if your actions would show up on their front page or not.

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