SNG/HOH2 (M) question

[Matt R.]

I haven't read HOH2, but based on the "M" talk I've seen on here, he doesn't include average stack size in his calculations. Is this correct? In sng's, you very often have a low "M" but are still in fine shape because everyone at the table has a low "M". Not thinking of how healthy your stack is relative to the rest of the field is a mistake.