Margin of safety should be considered as a form of safeness factor. The amount of risk it will helps us to minimize while making an investment is highly useful. Buying stocks rather at the fair value than market value makes sense.
There are two ways you can look at it. one is dangerous to yourself and the second is to others. In both cases, the only difference is where the fear is directed. Because with fear, you can do many things and make people do things for you. but once the fear is gone, then you won't necessarily get the desired outcome. Fear is only a motivator. It won't stay for long. Either you must increase the fear or find an alternative means.
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