The Margin of Safety in Complexity Investing

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NCS Capital is a global equity fund that manages money for institutional and accredited investors. The firm recently published a white paper redefining the margin of safety, which was popularized by Warren Buffett at Berkshire Hathaway. They believe valuation alone is insufficient to actually think through what the true margin of safety is. If you find this stuff interesting, you should go read the whole white paper by clicking the link in the show notes.

So, how DID an online book retailer end up building the infrastructure layer that powers the entire internet? (Or at least 39% of it, per latest market share data.) While many myths, legends, and some downright falsehoods exist, the real answer to that question deserves a full Acquired episode of its very own. So here it is: the story of Amazon Web Services. Who’s got the truth? Tune in and find out. :)

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‍Note: Acquired hosts and guests may hold assets discussed in this episode. This podcast is not investment advice, and is intended for informational and entertainment purposes only. You should do your own research and make your own independent decisions when considering any financial transactions.