«I will not abandon a previous approach whose logic I understand even though it may mean forgoing large, and apparently easy, profits to embrace an approach which I don't fully understand, have not practiced successfully and which, possibly, could lead to
substantial permanent loss of capital.»
Not exact matches
If the investment is then made at a
substantial discount to intrinsic value, then chances
of permanent capital loss are minimal.
This resulted in a market meltdown that caused
substantial drawdowns in value for many equity mutual funds, in a range
of forty to sixty per cent, causing many small investors to panic and suffer a
permanent loss of capital which many
of them could not afford nor replace.
To us, a margin
of safety means taking measures in our fundamental and valuation analyses with the aim
of avoiding a
substantial or
permanent loss of capital, even if an investment experiences temporary setbacks or headwinds.