Analysis Quote by Benjamin Graham

A margin of safety is achieved when securities are purchased at prices sufficiently below underlying value to allow for human error, bad luck, or…

— Seth Klarman

Means of protection, remain vigilant against the emergence of an undesirable event Subsequently, in a quick hurry to implement high-level security system that you…

— Mak_786

“In good years, defensive investors have to be content with the knowledge that their gains, although perhaps less than maximal, were achieved with risk…

— Howard Marks

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

— Benjamin Graham

Protection means always remaining vigilant towards occurrence of any undesirable event. Applying high security system hastily at the time of any crisis shows your…

— Mak_786

“The Price of Security is Insecurity--Until It's Not Useful”

— Dan Harris

“We discovered that safety and security are commodities you can sell in return for excitement but you can never buy them back.”

— Louise Doughty

The more secure we feel against our liability to any error to which, in fact, we are liable, the greater must be our danger…

— Richard Whately

Security isn't what the wise person looks for; it's opportunity. And once we begin looking for that, we find it on every side. You…

— Earl Nightingale

“Security sets a premium on feebleness.”

— H.G. Wells

“The price of security is insecurity.”

— Dan Harris

Even with a margin of safety in the investor's favor, an individual security may work out badly. For the margin guarantees only that he…

— Benjamin Graham