"We are organists, young in here or to day, because this is, we've sped through these. And and len, we just let me just a recap what we've got as a check list that starts off by saying, where do you find this investment?" "If it's on sale, there'd better be an event that creates fear," he adds. 'And then finally, the most important thing on the whole check list, which is the story inversion'
In Rule #1 investing, we call “buying on sale” purchasing stocks with a Margin of Safety. All you have to do to get a big MOS is know the value of the business you are buying—as a business—and then wait to buy it until the market drops much lower than the value. Today, Phil and Danielle dive deeper into Margin of Safety valuations, and explain why understanding how to value a company is critical to stockpiling.
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