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About this quote

What does it mean?
When an industry feels perfectly safe, it is actually the most dangerous time to invest.
In plain terms
Perfect safety signals high risk.
What can you take from it?
Overconfidence in safety often signals hidden risks.

Where it applies

  • financial decisions
  • industry analysis
  • risk management

Putting it to work

  • questioning certainty
  • investing contrarily

Questions to consider

  • When is safety dangerous?
  • How do you spot hidden risks?

Another view

It assumes perfection is always a sign of impending failure.

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