"A great investment thesis doesn't guarantee a good outcome."
"A margin of safety allows you to endure drawdowns without being forced out."
"Time cannot compound if you've been ejected from the game."
"That's why we build downside resilience before upside aspiration."
Every investment begins with the question: what can go wrong? The margin of safety ensures survival through the inevitable storms.
Marlowe Keynes LLC Copyright · David L. Steinberg, Investor
50 Topics on Investment Philosophy
Marlowe Keynes LLC Copyright
