Jubilant Industries – Offering decent Margin of Safety
Dear Readers, The central concern of all investors in their investment policy is to always ensure a “margin of safety”. The future is uncertain and no matter how good one is, the reality is that no investor, not even Buffett, can determine the exact intrinsic value of any business. Because the intrinsic value is derived from an investor’s assumptions, the value is merely an approximation. Yes, an investor as skilled as Buffett will probably have a better approximation of intrinsic…