'Margin of safety' is the difference between the expected value of the asset and the price at which it is bought. Buying At A Discount Historically, operators have relied on pressure testing to validate the required operating margin of safety. This includes mill and field testing, where standar...
margin of safety.The election is likely to be decided by razor-thin margins.The schedule left no margin for error.The winning margin was only 8 seconds.These manufacturers have high gross margins.They are operating at very low margins.They hope to improve their margins on computers.Today, ...
The margin of safety (MOS) is one of the fundamental principles in value investing, where securities are purchased only if their share price is currently trading below their approximatedintrinsic value. Conceptually, the margin of safety is the difference between the estimated intrinsic value per sha...
价值投资者第一目标是保证资金安全。很自然地,为了避免未来较大的损失,价值投资者会寻找安全边际,以便为不准确、坏运气、逻辑上的错误留下缓冲地带。由于估值是一项非精确的艺术,未来是不可预测的,投资者也是人,难免会犯错,所以安全边际是万万不可少的。固守安全边际的理念是区分价值投资者和其他不关心损失的投资者...
Margin of Safety But do you really understand what margin of safety means? Here are some definitions and references to a few greats. Margin of safety is the difference between the intrinsic value of a stock and its market price. Another definition: In Break even analysis, margin of safety is...
of the margin of safety in his book on the subject:By always buying at a significant discount to underlying businessvalue and giving preference to tangible assets over intangibles.2Corporate Strategy and the“Margin of Safety”“The asset value, the earning power of the company, the financial...
safety margin〈物〉安全系数介词+～ by a margin以…(幅度)之差 by a narrow margin勉强地 increase by a wide margin大幅度地增长 in the margin在空白处 on the margin在空白处,在边缘～+介词 margin for error误差限度 margin of a book〔page〕书〔页〕边 margin of death死亡边缘 margin of profit利...
When Seth Klarman wrote the Margin of Safety twenty years ago (NY: HarperBusiness, 1991) it was largely ignored by the business community. As Klarman built a reputation for making successful investments following the precepts of his book, it became an investment classic. Now a used copy in go...
Benjamin Graham, Warren Buffett, Seth Klarman, John Templeton, Howard Marks, John Neff, Walter Schloss, Max Heine, Michael Price, Peter Lynch, Wilbur Ross,...
He wrote “Margin of Safety: Risk Averse Investing Strategies for the Thoughtful Investor,” a book that has been celebrated as a cornerstone of value investing since its release in 1991. As I was re-readingMargin of Safety, I thought of collating the key ideas Klarman has written about, an...