A korrentour readingWhat is a korrent?
A margin of safety means paying a discount deep enough that being wrong about what a company is worth still leaves you whole.
Drawn from what Bill Ackman said
A korrentour readingWhat is a korrent?
Drawn from what Bill Ackman said
Word for word, with the source under each one. They did not write this page.
Founder and chief executive of Pershing Square Capital Management
You want to buy a company at a price that if you're wrong about what you think it's worth and it turns out to be worth 30% less, you paid a deep enough discount to your estimate that you're still okay. A big part of investing is not losing money.
Added to korrents 20 Feb 2024 · How quotes work · Something wrong? Tell us
Our reading — they may agree, disagree or merely touch the same thing. Closest first: a shared subject counts for most, then how near the wording is.