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Value investing legend Benjamin Graham always stressed margin of safety above all else in making any investment decision. Regardless of the potential upside, like Graham, all investors should always be concerned with the downside. One way to for investors to protect themselves is seek strong, quality businesses with fortress-like balance sheets along with industry dominance.

No Boundaries
Brazilian oil giant Petrobras (NYSE:PBR) is worth a closer look. The company offers investors a long-term play on oil and Latin America. In addition, one of the largest new potential discoveries of oil, the Tupi field, significantly involves Petrobras. As Latin America grows and develops, Petrobras benefits.

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