AMREP Corporation: A Focus On Downside Protection
Source: SeekingAlpha
2026-05-01 03:23:35 ET
Introduction and Thesis
The two rules of investing , according to Warren Buffett, are "Rule number one, never lose money. Rule number two: never forget rule number one". In other words, the investor should focus on managing risk by protecting his downside as opposed to pursuing aggressive upside and risking permanent loss of capital. The most surefire way of accomplishing this is by purchasing a company's shares only for a price far below their intrinsic value, particularly if this intrinsic value is derived from a conservative assessment of tangible balance sheet assets....
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AMREP Corporation: A Focus On Downside Protection
AMREP Corporation
NASDAQ: AXR
AXR Trading
0.29% G/L:
$26.14 Last:
1,781 Volume:
$25.76 Open:
