REITs That Build A Sound 'Margin Of Safety' With A Sustainable 'Hierarchy Of Needs'
By Brad Thomas:In the classic best seller, The Intelligent Investor, economist and professional investor Ben Graham describes the "margin-of-safety" concept as a useful way "to advantage and distinguish the differences in an investment operation and a speculative one." One way that Graham explained the "wide moat" differentiation strategy was to describe the "consistency in the products that creates consistency in a company's profits. Consistency and durability are attributes for competitive advantage."While Benjamin Graham (1894-1976) spent a large part of his life writing and lecturing on investing, another well known philosopher and teacher, Abraham H. Maslow (1908-1970), studied and lectured on humanistic psychology and the idea of self-actualization.One of the many interesting things Maslow noticed while he worked with monkeys early in his career, was that some needs take precedence over others. For example, if you are hungry and thirsty, you will tend to try to take care of the thirstComplete Story »
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