Remo Uherek

Menu
  • Start here
  • Blog
    • Twitter Threads
    • Archive
  • Newsletter
  • Recommendations
    • Books
    • Tools
    • Links
  • About
    • What I’m doing now
    • Contact
Menu

Home › Blog › “Margin of Safety” as a Principle of Life

“Margin of Safety” as a Principle of Life

In my last post I talked about the key principles of value investing.

The one principle I keep using almost daily is the “Margin of Safety” principle. It’s such a powerful concept that I try to apply it almost everywhere in my life, especially to time management.

When I have an appointment, I give myself a margin of 10 to 30 minutes. Often, I take an earlier train. When going to the airport, I usually have 1-2 hours of extra margin.

When nothing goes wrong, this margin gives me more time to walk around and listening to audio. And when things go wrong, I (usually) still make it on time.

Phrases like “How much margin of safety do I need?” or “My margin of safety is shrinking” have become regular phrases of my self-talk.

I also apply it to clothing (always carrying an extra layer) or power (always having a powerbank with me).

That is what I like about universal principles like these. You can apply them not only in investing, but also in life.

image_pdfPDF
  • Click to share on Twitter (Opens in new window)
  • Click to share on Facebook (Opens in new window)
  • Click to share on LinkedIn (Opens in new window)
  • Click to share on WhatsApp (Opens in new window)

Related

Tags: Life Hacks, Mental Models, Principles, Value Investing
Category: Happiness



June 18, 2019October 6, 2019 by Remo Uherek

Search

⚡  Learn & Grow

Join 1500+ subscribers to receive updates on personal growth, mental health and financial freedom:

Bonus: After signing up, you will receive my exclusive Good Life Checklist with actionable ideas on how to improve your life.

Recent Posts

  • Key Takeaways from Tesla Q4 2022 Earnings
  • My Portfolio Declined -59% in 2022. Here’s What I Learned.
  • Why You Should Die With Zero Money
  • Full Recording: Elon Musk Live on Twitter Spaces Talking Twitter Financials with George Hotz
  • Will Germany’s car industry survive? A deep dive with Tesla expert Alex Voigt

Categories

  • Health
  • Wealth
  • Love
  • Happiness

Archives

  • Archive

Newsletter

Twitter

YouTube

Podcast (Apple, Google, Spotify)

Training Programs