#1 Margin of Safety > #2 Probable Growth > #3 High Potential Growth
#1 – Can’t compound a loss
#2 – Half a bird in the hand is better than one in the bush
#3 – Upside surprise
Companies that fit all three are few and fare between. Novo Resources and Lion One Metals are two good examples.
Usual Market Priorities:
High Potential Growth > Probable Growth > Margin of Safety
“I want to get rich tomorrow”