25-01-2011, 09:45 AM
I personally think survival is insufficient for a prudent investor. He would ask for a decent rate of return on his deployed capital, or else why risk it in equities cum businesses? Might as well throw it into Govt bonds with a guaranteed 2% return instead of facing the risk of erosion of capital.
My Value Investing Blog: http://sgmusicwhiz.blogspot.com/