3min chapter

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

TIP538: Richer, Wiser, Happier, Q1 2023 w/ William Green & Stig Brodersen

We Study Billionaires - The Investor’s Podcast Network

CHAPTER

The Importance of Safety in Investing

You need to build in some margin of safety when you invest. Things that are powerful and dominant now will not be in five, 10 years. The things that are undervalued now are likely to have their day in the sun one day. It's really hard to beat the market but at least you can give yourself an advantage by avoiding standards, stupidities.

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