In a recent white paper, GMO’s James Montier takes an interesting look at what he says are “The Seven Immutable Laws of Investing”. The first rule, on which Montier spends the most time, invokes the late, great Benjamin Graham: “Always Insist on a Margin of Safety”. Montier writes: “Valuation is the closest thing to the […]
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Tag Archives: Margin of Safety
De Vaulx Talks Economy, Wal-Mart, and Margins of Safety
January 7, 2011 
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Top value manager Charles De Vaulx recently discussed some areas of the market he’s high on in an interview on Bloomberg Television. De Vaulx says he’s cautious about the current environment, and talks about some of the key economic factors he’ll be keeping an eye on in 2011, including interest rates. He also discusses how […]
Read moreDo Value Investors Really Add Value? Yes, Study Says
November 16, 2010 0 Comments
Does value investing work? A recent study of Canadian equity markets indicates that it does. The study, “Do Value Investors Add Value?” is authored by George Athanassakos, the Ben Graham Chair in Value Investing at the The University of Western Ontario’s Richard Ivey School of Business. It examined equity returns in the Canadian markets from […]
Read moreRoyce on Long-Term Possibilities, More Bank Closures, and Margin of Safety
December 22, 2008 0 Comments
Chuck Royce, chief investment officer of The Royce Funds, tells Forbes.com that he sees “tremendous” possibilities in the stock market over the next three to five years, and says that America will make it through the current financial crisis and have a “wonderful” future. “I think that we are a major — we can’t forget […]
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