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Warren Buffett once said If a business is worth a dollar and I can buy it for 40 cents, something good may happen to me.

Warren Buffett once said If a business is worth a dollar and I can buy it for 40 cents, something good may happen to me. In Wall Street, the term, Margin of Safety has a special meaning. Define the term and briefly describe. Google it. How would you relate margin of safety to what Buffett said above?

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