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Seeking Wisdom: From Darwin To Munger Seeking Wisdom: From Darwin To Munger by Peter Bevelin
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“On 3 timeless ideas for investing
Benjamin Graham, three fundamentally basic ideas:
1. You should look at stocks as part of ownership of a business.
2. You should look at market fluctuations in terms of his "Mr. Market" example & make them your friend rather than your enemy by essentially profiting from folly rather participating in it, & finally,
3. The 3 most important words in investing are "margin of safety" - ...always building a 15,000 pound bridge if you're going to be driving 10,000 pound truck across it...”
Peter Bevelin, Seeking Wisdom: From Darwin To Munger