格雷厄姆高度强调的概念是safe of margin(安全边际)。巴菲特在1990年致股东的信中写到:“我读过这句话已经42年了,至今我仍然认为安全边际的概念非常正确。
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But the legal requirements are universally based on banking experience and represent roughly what the financiers of the nation think a safe margin.
但法律规定通常是以银行业的经验作为依据,只是粗略代表了该国的金融家们认定的安全界限。
At the margin, higher yields could tempt investors out of risky assets and into a safe haven.
提高的债券利率会诱使投资者远离高风险资产而投入安全无忧的资产。
The index futures margin level is an important factor to ensure the safe and efficient trading of index futures.
指数期货保证金水平是保证指数期货安全有效运行的重要因素。
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