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Stocks A to Z / Stocks B / Berkshire Hathaway (BRK.A)
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Author: mungofitch 🐝🐝🐝🐝 SILVER
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Number: of 15062 
Subject: Re: Punched Card
Date: 12/10/2024 2:03 PM
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No. of Recommendations: 8
I like the ending bit.

There’s a saying — I think it’s from The Intelligent Investor — that the purpose of the margin of safety is to render forecasts unnecessary.

Perhaps valuations these days don't allow great success with that starting point any more, but it's a great starting point.

Jim
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