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Swimming Naked
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“Only when the tide goes out do you discover who's been swimming naked.” -Warren Buffett


"There is no investment rule that remains immutable except the "margin of safety". - Peter Cundill

“The best investments have a considerable margin of safety. This is Benjamin Graham’s concept of buying at a sufficient discount that even bad luck or the vissitudes of the business cycle won’t derail an investment. ”- Seth Klarman

“Purchasing a business at a price that provides reasonable assurance of a generous "margin for error" is an erudite way of saying to ourselves, ‘Buy low, stupid’”- Frank Martin
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Swimming Naked - by Scooterd - 12-17-2021, 12:15 PM



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