Posted inWealth The function of the margin of safety is, in essence, that of rendering unnecessary an accurate estimate of the future.
Posted inWealth You must never delude yourself into thinking that you’re investing when you’re speculating
Posted inWealth The intelligent investor realizes that stocks become more risky, not less, as their prices rise
Posted inWealth The investor’s chief aim should be to attain satisfactory results consistent with his resources and risk tolerance
Posted inWealth The essence of investment management is the management of risks, not the management of returns
