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A Margin of Safety: How to Thrive in the Age of Uncertainty

Once he has a net profit on a trade equal to 1% of his total equity, Brandt will take partial profits. Once a trade gets within 30% of his profit target, Brandt will employ much closer stop protection.

Jack D. Schwager • Unknown Market Wizards: The best traders you've never heard of

In the past 2 weeks, over 80 projects ran to 10m+ 91% of them rugged. This is a shark world, taking profit doesn't make you a jeet but a good trader when you know it's local top. In this thread i'll discuss about the mentality I personally use when i... See more

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dangerous. In my experience, many low-margin practices are more profitable, on a profit-per-partner basis, than higher margin practices with low leverage because of the effective use of leverage.

David H. Maister • Managing The Professional Service Firm

Fun graphic on $META from the Rowan Street annual letter (a hedge fund that printed a 102.6% net return in 2023): Shows how non-linear the path to good returns can be and how conviction pays off. https://t.co/jWQGVSc7LS pic.twitter.com/scq24Mjkzc

Michael Dempsey x.com

V3 | Systems | Margin of Safety

Margin of safety is a secret weapon. It’s the buffer, the extra capacity, the redundancy that you build into a system to handle unexpected stress. It’s the difference between a bridge that can barely handle the expected load, and one that can hold ten times that load without breaking a sweat.

You can apply a margin... See more

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Margin of safety—you can also call it room for error or redundancy—is the only effective way to safely navigate a world that is governed by odds, not certainties. And almost everything related to money exists in that kind of world.

Morgan Housel • The Psychology of Money: Timeless lessons on wealth, greed, and happiness