"Protect your downside and the upside takes care of itself.
A company doesn’t have to have a bright and promising future for you to earn large profits. You can make a lot of money by just protecting your downside through buying companies that have large margin of safety.
The truth is that nobody really knows what will happen in the future. When it comes to what’s in store for a business we’re all just making educated guesses. People routinely make guesses that are too optimistic or too pessimistic about a company’s future while, as a whole, businesses tend to experience average business results, or an equal number of positive and negative events, going forward.
By focusing on picking stocks that both protect your downside and are likely to show a decent profit you’ll end achieving good returns over the long run."
我想要参详摸透的是：如何可以成功做到Protect your downside？以及如何接下来让Upside takes care of itself？