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Classic 16: Billionaire Phil Knights' Book About Founding Nike
We Study Billionaires - The Investor’s Podcast Network
Is There a Margin of Safety?
Just because a company has positive equity or a positive book value to day, does not mean that they would go bankrupt at that price. A company that's not even profitable to day is definitely not going to be profitable as credit contracts get harder. If you see too much long term fixed assets, it's probably not going to turn into cash. And most importantly, his margin of safety really comes down to the price he's expecting to get from Call it nike.
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