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


The Intelligent Investor: A Book of Practical Counsel (ed. Prabhat Prakashan, 1972)

Benjamin Graham Quotes

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

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

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

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