By Greg Canavan for The Daily Reckoning
In today’s volatile investment world, it is the key to preserving and growing your wealth. In bull markets you can get away with a lack of discipline on the valuation front. In a post credit crisis world characterised by monetary disorder, you don’t have that luxury. The concept of the margin of safety simply refers to the difference between a company’s share price and its intrinsic value. Valuations are subjective and are only as good as the assumptions you make. Continued......
Investing for Beginners - Combining Economics, Fundamentals and Technicals for the Savvy Investor.
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