Warren Buffett Explains How He Calculates a Margin of Safety

Warren Buffett and Charlie Munger speaking at the 2004 Berkshire Hathaway annual meeting.
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[@ivanlam1304]

"You only look at the ones that you are capable of evaluating and you skip all the rest"

[@CentralParkish]

True gem. understood their approach on risk management

[@ReflectionOcean]

- Use conservative estimates for variables when calculating intrinsic value (1:00)
- After assessing variables, apply a margin of safety to your conclusion (1:13)
- Relate to insurance pricing for natural disasters as an analogy for margin of safety (2:01)

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Crimes

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