Example text. The idea is old; applying it without fooling yourself is the hard part.
Example article about a well known and badly applied concept.
Margin of safety is not buying cheap. It is accepting that your estimate is wrong and sizing the position so that being wrong is not fatal.
The margin exists for the scenario you did not list.
Read next
[EXAMPLE] On deciding with clarity
Second example post, so the listing has more than one item.
Valuation[EXAMPLE] What a number does not tell
Example text about metrics that rise while the business gets worse.
Valuation[EXAMPLE] The cost of keeping options open
Example text. Postponing a choice is also a choice, and it charges.
DisciplineLong term
