Seeking a ‘margin of safety’ (but not as you know it) – Artemis Investment Management

If the father of value investing, Ben Graham, was alive and investing in value stocks today, what factors would he use to calculate a company’s ‘intrinsic value’?

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Margin of safety is a principle of investing whereby a canny investor only purchases companies when their price is significantly below their intrinsic value. It was popularised by Benjamin Graham, the British-born American economist and professor widely considered as the father of value investing, and, more recently, by Warren Buffet.

This article discusses the intrinsic value we award to companies that contribute to one in five deaths worldwide and what 'margin of safety' means today.

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