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The post Margin of safety in venture capital appeared first on BardTech . Doug Clinton Contributor Doug Clinton is a co-founder and managing partner at Loup Ventures , a frontier tech-focused investment firm. More posts by this contributor How to create the most value for the next technology wave As a former stock analyst turned VC, I still spend time thinking about public company investment opportunities. To that end, I recently read Seth Klarman’s  Margin of Safety , a hard to find, but very insightful book about value investing. The book’s title, Margin of Safety, is a term borrowed from the godfather of value investing: Benjamin Graham. Warren Buffett’s investment philosophy is very much inspired by Graham; 85 percent as much , according to Buffett himself. A margin of safety is room for error built into the price an investor pays for an asset to lower the risk that the investor might lose money. In other words, assets are usually quite difficult to price, so ...

The post China announces transportation industry reform, days after murder of Didi carpooling passenger appeared first on BardTech . The Chinese government announced it will reform the transportation industry to safeguard passengers, three days after a female passenger was allegedly raped and murdered by a Didi Chuxing driver last Friday . Provinces and autonomous regions are now tasked with setting up passenger safety committees by the end of this month and ensuring that incidents are investigated promptly. The crime led to the suspension of Hitch, Didi Chuxing’s carpooling service, and the firing of two executives: Hitch’s general manager and Didi’s vice president of customer services. This is not the first time, however, that Didi has been forced pull back on Hitch. Earlier this year, it suspended night operations after a female passenger was allegedly murdered by an unregistered driver who had accessed the service using his father’s account. Nighttime Hitch rides then resumed...