Margin of safety

By | March 31st, 2014|Categories: Risk Management|Tags: , , , , , , , , , , |

With the US stock markets flirting around the all time high mark, I am compelled to share a very scary figure which I have been following for some time now. It is the “Margin Debt” figure published by NYSE on a monthly basis. Margin debt is simply the amount borrowed by customers to purchase securities. Just to [...]