Add a modest value tilt

Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com.

Episode 3513:

Nick Maggiulli uses a remarkable medical story to reveal how resilience and redundancy underpin both life and investing, emphasizing why a “margin of safety” is essential for long-term survival. By showing how the price you pay outweighs nearly every other factor, he reframes investing as a discipline of patience, humility, and risk control. You’ll walk away understanding why simple strategies like consistent buying can outperform more “intelligent” but fragile approaches.

Read along with the original article(s) here: https://ofdollarsanddata.com/a-margin-of-safety/

Quotes to ponder:

"Price is my due diligence."

"What do you call a market that is down 90%? That’s a market that was down 80%, then proceeded to go down 50% more."

"The most important piece of information when buying a stock (or any asset) is   the price you pay."

Episode references:

Security Analysis: https://www.amazon.com/Security-Analysis-Foreword-Buffett-Editions/dp/0071592539

Margin of Safety: https://www.amazon.com/Margin-Safety-Risk-Averse-Value-Investing-Strategies/dp/0887305105

The Intelligent Investor: https://www.amazon.com/Intelligent-Investor-Definitive-Value-Investing/dp/0060555661

Learn more about your ad choices. Visit megaphone.fm/adchoices