Margin Of Safety Quotes

#1. The three most important words in investing ... Margin of Safety.

Warren Buffett

#2. A margin of safety is achieved when securities are purchased at prices sufficiently below underlying value to allow for human error, bad luck, or extreme volatility in a complex, unpredictable and rapidly changing world.

Seth Klarman

#3. THE BEAUTY OF VALUE INVESTING is its logical simplicity. It is based on two principles: What's it worth (intrinsic value), and don't lose money (margin of safety).

Christopher H. Browne

#4. As a matter of fact I trade in accordance to my means and always leave myself an ample margin of safety.

Edwin Lefevre

#5. We always look at the margin of safety in the balance sheet and then worry about the business.

Peter Cundill

#6. The function of the margin of safety is, in essence, that of rendering unnecessary an accurate estimate of the future.

Benjamin Graham

#7. Protect the downside. Worry about the margin of safety.

Peter Cundill

#8. No matter how careful you are, the one risk no investor can ever eliminate is the risk of being wrong. Only by insisting on what Graham called the "margin of safety" - never overpaying, no matter how exciting an investment seems to be - can you minimize your odds of error.

Benjamin Graham

#9. In engineering, people have a big margin of safety. But in the financial world, people don't give a damn about safety. They let it balloon and balloon and balloon. It's aided by false accounting.

Charlie Munger

#10. The difference between the price we pay for a stock and its liquidation value gives us a margin of safety. This kind of investing is one of the most effective ways of achieving good long term results.

Peter Cundill

#11. If you understood a business perfectly and the future of the business, you need very little in the way of a margin of safety.

Warren Buffett

#12. Confronted with a challenge to distill the secret of sound investment into three words, we venture the motto, Margin of Safety.

Benjamin Graham

#13. But we agree with the NTSB that if we eliminated the thrust- reverser calculation, it would be an extra margin of safety. Airport capacity and airline efficiency are important, but safety is the most important thing.

Laura Brown

#14. Proper accounting is like engineering. You need a margin of safety. Thank God we don't design bridges and airplanes the way we do accounting.

Charlie Munger

#15. Governments are necessarily continuing concerns. They have to keep going in good times and in bad. They therefore need a wide margin of safety. If taxes and debt are made all the people can bear when times are good, there will be certain disaster when times are bad.

Calvin Coolidge

#16. To have a true investment, there must be a true margin of safety. And a true margin of safety is one that can be demonstrated by figures, by persuasive reasoning, and by reference to a body of actual experience.

Benjamin Graham

#17. Say to your soul, 'Let no unclean thing enter here.'

Karl G. Maeser

#18. If men will not be governed by the Ten Commandments, they shall be governed by the ten thousand commandments

G.K. Chesterton

#19. Bernanke and company are trying to reflate the economy with almost stated objective of inflation at 2 percent and higher in order to provide some type of safety margin for a future recession. That's where they want to go.

Bill Gross

#20. It takes darkness inside of a person to see it in others.

Amy Neftzger

#21. Actors make bad lovers. Their most important kiss is for the camera. Not in a superficial way, in a really deep way. They can only give everything if they know someone is going to shout cut!

Rupert Everett

#22. Commercial art is traditionally delivered to a client in a brown-paper bag with an invoice stapled to the outside.

Brad Holland

#23. High leverage is unsafe, not just for a company but the entire economy ... LBOs are reducing the safety. Management loses the power to do many things. It has no margin for error and less margin for additional risk.

Franco Modigliani

#24. This surrender isn't a one-time thing but is continually embraced over a lifetime. There will be an initial surrendering to God, breaking the self. God will keep this process current through circumstances, helping us to continue to deny ourselves.

Ryan Shaw

#25. Some battles aren't fought with fists, some are fought by just standing up and facing it, facing the truth, learning that what others have done to you doesn't have to make you who are you. Only you can do that - you have the power to say "enough" and walk away, truly walk away.

Marie Hall

#26. Our confidence doesn't increase by doing the things we already know".

Abdulazeez Henry Musa

#27. No matter that astronauts and cosmonauts had perished in precisely designed and carefully tested machines. Solid engineering could always provide a safety margin, because the engineers believed, there was complete safety in numbers.

William E. Burrows

#28. Look here, old sport," he broke out surprisingly. "What's your opinion of me, anyhow?" A little overwhelmed, I began the generalized evasions which that question deserves.

F Scott Fitzgerald

#29. There is a close logical connection between the concept of a safety margin and the principle of diversification.

Benjamin Graham

#30. Oh my gods. The alpha of Clan Cat just got smacked with a rolled-up newspaper.
Mom!

Ilona Andrews

#31. I thought of America as this crazy, happy, exciting place where everybody's rich and there's stuff everywhere. Compared to Pakistan, it's not untrue.

Kumail Nanjiani