CJREF - The Magic Formula Needs An Upgrade
In this article I will first go into the basic principle behind the Magic Formula and the Value Investing approach: The Margin of Safety. I will describe in detail why a Margin of Safety is fundamental for becoming a successful investor, supplied with phrases from Benjamin Graham's famous book "The Intelligent Investor".
Furthermore, I will describe how to benefit from price fluctuations by applying the Margin of Safety as a foundation. I will explain how these different principles can be combined and applied efficiently in practical investing in today's markets.
Short background/description of the Magic