(Month 2) – Up 21.7% – TAM $45,000 – Deep Value Stock Portfolio

Johnny HopkinsTAM Portfolio Money Game Comments

Today is the end of month two of The Acquirer’s Multiple $45,000 – Deep Value Stock Portfolio – Real Money Game, and the portfolio is up 21.7% since inception. The Deep Value Stock Portfolio – Real Money Game means I’m investing my entire superannuation valued at $45,000 into a real life Acquirer’s Multiple Portfolio and documenting it here. The plan is … Read More

Mohnish Pabrai – Shorting Stocks is Simply a Sucker’s Bet

Johnny HopkinsMohnish Pabrai Comments

One of my favorite investors is Mohnish Pabrai. Mohnish Pabrai is the founder and Managing Partner of the Pabrai Investments Funds, the founder and CEO of Dhandho Funds, and the author of The Dhandho Investor and Mosaic – Perspectives on Investing. He’s one of the smartest guys on the planet when it comes to investing. One of my favorite Pabrai articles is one … Read More

Howard Marks – The Broad Consensus of Investors is Almost Always Wrong

Johnny HopkinsHoward Marks Comments

In September of 2015, Howard Marks wrote a memo where he discussed one of the most important concepts in investing. It’s the paradox that exists because most investors think quality, as opposed to price, is the determinant of whether something’s risky. But high-quality assets can be risky, and low-quality assets can be safe. It’s just a matter of the price paid for … Read More

Five Rules To Follow When Picking Stocks

Johnny HopkinsPatrick O’Shaughnessy Comments

One of my favorite podcasts is Masters in Business hosted by Barry Ritholz, and one of my favorite investors is Patrick O’Shaughnessy. So, it was awesome to listen to a podcast where Ritholz interviewed O’Shaughnessy on his investing strategy. O’Shaughnessy, is a principal at O’Shaughnessy Asset Management and author of “Millennial Money: How Young Investors Can Build a Fortune.” O’Shaughnessy takes a contrarian position about … Read More

The Importance of Ignoring the Crowd – Western Refining, Inc. (WNR)

Johnny HopkinsStocks Comments

One of the things we’re always talking here at The Acquirer’s Multiple is the importance of buying undervalued stocks, and ignoring the crowd, while all around you are looking at you quizzically. One great example of this is a Western Refining, Inc. (NYSE:WNR). Take a look at the share price (below) of the company over the last six months:

The Acquirer’s Multiple Deep Value Stock Portfolio up 19.99%

Johnny HopkinsAcquirer's Multiple Returns Comments

Just a quick update on my TAM Deep Value Stock Portfolio. Today, the portfolio is up 19.99%. As you can see below there’s been particularly strong performances from Bridgepoint Education Inc (NYSE:BPI) and FreightCar America, Inc. (NASDAQ:RAIL) both up 46.27% and 32.30% respectively. Together with American Public Education, Inc. (NASDAQ:APEI) which is up 18.46%. Company TICKER BUY $ Date Qty Start Value CP CV % Diff … Read More