The Three Most Important Words In Investing

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Jacob Wolinsky
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ValueWalk’s Raul Panganiban interviews Gautam Baid, CFA, portfolio manager at an SEC-registered investment advisor based in Salt Lake City, Utah. In this part, Gautam discusses ‘margin of safety’, the three most important words in investing, the importance of capital preservation, the behavioural biases that we face, Munger’s investing principles and the education of a value investor. Q2 2020 hedge fund letters, conferences and more Yeah. All right. And then in the chapter titled The three most important words in investing, and sorry for the spoiler here, but its margin of safety. Why, why are those the three most important words?…

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Jacob Wolinsky is the founder of HedgeFundAlpha (formerly ValueWalk Premium), a popular value investing and hedge fund focused intelligence service. Prior to founding the company, Jacob worked as an equity analyst focused on small caps. Jacob lives with his wife and five kids in Passaic NJ. - Email: jacob(at)hedgefundalpha.com FD: I do not purchase any equities to avoid conflict of interest and any insider information. I only purchase broad-based ETFs and mutual funds.