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The art of economics consists in looking not merely at the immediate hut at the longer effects of any act or policy; it consists in tracing the consequences of that policy not merely for one group but for all groups—Henry Hazlitt

Showing posts with label margin of safety. Show all posts
Showing posts with label margin of safety. Show all posts
Monday, October 14, 2013

Phisix: Rising Systemic Debt Erodes the Margin of Safety

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Read Ben Graham and Phil Fisher, read annual reports, but don't do equations with Greek letters in them. - Warren Buffett During ca...
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Sunday, March 15, 2009

The Asymmetric Odds Of Short Term Trading

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``We gamble because we are willing to accept the large probability of a small loss in the hope that the small probability of scoring a large...
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