Making Money Minute with Ron Hiebert
A Margin of Safety
Benjamin Graham is considered the father of modern investing. He talked about building a margin of safety into a portfolio. Making it conservative enough so when tough markets come, its value will hold up under stress. He said, that if you built a margin of safety into your investments, it makes trying to predict where things are going unnecessary. The more flexibility, liquidity and durability your portfolio has, the less you need to know what happens next, because you are prepared. For more information, listen to our Making Money podcast, hosted by Ron Hiebert and Gord Whitehead at letsmakemoney.ca or CFCW.com. (Same As Ever: A Guide To What Never Changes by Morgan Housel, page 182. Copyright - 2023).
