2. Deep Value Investing Returns (Acquirer’s Multiple) – January 2, 1999 to July 26, 2016

Tobias CarlisleStudy Comments

Updated July 26, 2016 Chart 1. Returns from January 2, 1999 to July 26, 2016 (Log.) We backtested the returns to a theoretical portfolio of stocks selected by The Acquirer’s Multiple® from each of the Large Cap 1000, All Investable and Small and Micro Cap stock screens. The backtest assumed the model bought and held for a year 30 stocks selected from each of the universes … Read More

3. Don’t Mess With the Screens – Human Intervention Hurts Your Performance

Tobias CarlisleStudy Comments

There are two basic approaches to using the screeners that I call business owner, and quantitative investor. The business owner uses the screeners as the launching pad for further research, examining each stock the way a classic, fundamental investor would: As a business. The business owner buys a stock in the screener only if it trades at a sufficiently wide discount to a conservative estimate of intrinsic value … Read More