Avoiding the Big Picture to Focus on Recent Experiences Keeping the Circle of Trust Small

Ben Graham’s View on the Future

Whenever Ben Graham was asked what he thought would happen to the economy or to company X’s or Y’s profits, he always used to deadpan, “The future is uncertain.” That’s precisely why there’s a need for a margin of safety in investing, which is more relevant today than ever.
Source: http://www.valueinvestorinsight.com/

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