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A margin of safety isn't caution — it's what lets you move forward with confidence
2026-08-11
Yu Minhong said New Forever always keeps 10 billion yuan in cash — enough to refund every student at any time. In business, you can't just charge ahead — you need a line that can never be crossed. My line: never put all your stock in one material. Never put all your orders on one client. Always have enough cash and hard assets on hand to get through six months of any storm.
#MarginOfSafety #BottomLine #CashFlow #Turquoise #LongfengXu
#MarginOfSafety #BottomLine #CashFlow #Turquoise #LongfengXu
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