Steve Romick, FPA Funds – Live at Future Proof! | #444
The Meb Faber Show - Better Investing
Investing With a Margin of Safety
We're always constantly underwriting and re underwriting everything we own, even outside of the events like covet. So i's something going down 20 %, that could just be noised. And so we started buying mariot in covid when people were hating it. Stock was down from a hundred and forty something goes down to 80 ar change. We looed really stupid at first, because it broke 60, you knowd before too long. But we did our work, and we kept buying, and we looked correct to day after day. You can't buy itt at your net asi tao. You have no protection that way. To get those equity rates of
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