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# deep-value2 quotes

DEEP-VALUE

Safe and cheap. That's my investment philosophy in three words. Everything else is noise.

deep-valuephilosophyThird Avenue Management shareholder letter, 2002

The key to investing is not predicting the future. It's buying assets at a discount so large that even if you're wrong about the future, you still win.

deep-valuemargin-of-safetyValue Investing: A Balanced Approach, 2000