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Portfolio managers Karl Leinberger and Pallavi Ambekar explain what it means and how we are using it in the management of our multi-asset funds such as Coronation Capital Plus and Balanced Plus.

This article was originally published by CityWire In the latest of the series of interviews with industry veterans, Stephen Cranston talks to Neville Chester, a senior Coronation portfolio manager.

β€œThe margin of safety is always dependent on the price paid. It will be large at one price, small at some higher price, nonexistent at some still higher price.” – Benjamin Graham, The Intelligent Investor