#25: The Psychology of Money (Book Review)
Not Your Average Jo
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Is There Room for Error?
Benjamin Graham created the concept of margin of safety, which is another way of saying room for error. "You want to protect yourself and be unbreakable financially so that even if the market is garbage, you're still doing okay," he says. 'I think about when I bought my car a few years ago and I could have bought a really nice car'
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