Dissecting The Margin of Safety

Michael Glennon

This week Michael is talking about the Margin of Safety, following a very heated back-half of calendar 2016 in the small and mid-cap segments of the market. When we look at the Margin of Safety we look at not paying too much for a business.

We do this by looking at these areas:

  • Balance Sheet - assets and liabilities
  • P&L - revenue and profits (multiples)
  • Business Stability - what is affecting the long-term continuity of the business and it's profits?

Michael Glennon

Michael has over 17 years experience in financial markets and over 15 years experience as a portfolio manager and director of several boutique investment management firms. As one of Australia’s most experienced small cap fund managers, Michael was...


No areas of expertise


Please sign in to comment on this wire.