One of the best resources for investors are the publicly available 13F-HR documents that each fund is required to submit to the SEC. These documents allow investors to track their favorite superinvestors, their fund’s current holdings, plus their new buys and sold out positions. We spend a lot of time … Read More
This Week’s Best Value Investing News, Podcasts, Interviews (10/20/2023)
This week’s best investing news: Ray Dalio – Risk, Return, and Asset Allocation (Value Investing with Legends) Superlinear Returns (Paul Graham) Warren Buffett Revealed To Be Quietly Making Bank From Bitcoin And Crypto Amid Price Swings (Forbes) Navigating the Magnificent Seven’s Fundamentals (Validea) Longtime stock-market bear Jeremy Grantham is probably … Read More
Why Meta Platforms Inc Stock Is A Buy? Acquirer’s Multiple Stock Screener Analysis
As part of our ongoing series here at The Acquirer’s Multiple, each week we focus on one of the stocks from our Stock Screeners, and why it’s a ‘buy’ based on key fundamentals. One of the cheapest stocks in our Stock Screeners is: Meta Platforms Inc (META) Meta is the world’s largest online social … Read More
Operation Twist: Can It Help Equity Prices?
During their latest episode of the VALUE: After Hours Podcast, Taylor, Carlisle, and Brewster discussed Operation Twist: Can It Help Equity Prices?. Here’s an excerpt from the episode: Tobias: -in the 30-year bonds and all of the commercial credit has been amazing. I think Meb’s been posting about it a … Read More
Joel Greenblatt: The Pitfalls of Market-Cap-Weighting
In his book The Big Secret for the Small Investor, Joel Greenblatt explains how market-cap-weighting guarantees an imbalanced portfolio, favoring overpriced stocks and neglecting bargain-priced ones, regardless of whether one can identify specific mispriced stocks or not. Here’s an excerpt from the book: Remember, a market-cap-weighted index ends up having … Read More
Michael Burry: How to Outsmart the Market: Avoid ‘Upgrading’ Your Portfolio
In his 2001 Scion Letter, Michael Burry discusses how to outsmart the market by avoiding ‘upgrading’ your portfolio. Here’s an excerpt from the letter: Finally, I suspect that many who are actively upgrading their portfolios are doing so because they fear missing either a major market rally or the next … Read More
This Acquirers Multiple Stock Is Undervalued, According to Dalio, Greenblatt, And Gabelli
Part of the weekly research here at The Acquirer’s Multiple features some of the top picks from our Stock Screeners and some top investors who are holding these same picks in their portfolios. Investors such as Warren Buffett, Joel Greenblatt, Carl Icahn, Jim Simons, Prem Watsa, Jeremy Grantham, Seth Klarman, Ray Dalio, … Read More
Contrarian Optimism: The Secret to Outperforming the Market
During their latest episode of the VALUE: After Hours Podcast, Taylor, Carlisle, and Brewster discussed Contrarian Optimism: The Secret to Outperforming the Market. Here’s an excerpt from the episode: Jake: Then Kevin’s last point, which is probably my favorite is that, he says that the market rewards optimism. And so, … Read More
Mohnish Pabrai: 7 Questions To Answer Before Entering The Stock Market Chakravyuh
In his book The Dhando Investor, Mohnish Pabrai provides seven questions that investors must answer before entering the stock market chakravyuh. Here’s an excerpt from the book: Abhimanyu’s dilemma on that 13th day of battle has close parallels to the decisions confronting equity investors every day. The decision to enter, … Read More
Seth Klarman: The Portfolio Liquidity Cycle Serves Two Important Purposes
In his book Margin of Safety Seth Klarman discusses portfolio liquidity. Portfolio liquidity is important, but it can be illusory, and investors should be aware of the correlation between liquidity and investment fashion. Here’s an excerpt from the book: In times of general market stability the liquidity of a security … Read More
The One Stock That Superinvestors Are Dumping: Is It Time to Sell?
As part of the weekly research here at The Acquirer’s Multiple we’re always interested in superinvestors who hold the same stocks that appear in our Acquirer’s Multiple Stock Screeners, based on their latest 13F’s. Investors such as Warren Buffett, Joel Greenblatt, Carl Icahn, Jim Simons, Prem Watsa, Jeremy Grantham, Seth … Read More
Logical Conclusion of Fundamental Analysis is a Hold Forever Period
During their latest episode of the VALUE: After Hours Podcast, Taylor, Carlisle, and Brewster discussed Logical Conclusion of Fundamental Analysis is a Hold Forever Period. Here’s an excerpt from the episode: Jake: Okay. Second item to note from Kevin’s paper is the logical conclusion of fundamental analysis is a hold … Read More
Warren Buffett: “Wonderful Assets” In An Inflationary Environment
During the 2011 Berkshire Hathaway Annual Meeting, Warren Buffett explained why the best asset to hold in an inflationary environment is a high return on tangible capital business that requires very little capital to grow, such as See’s or Coke. He calls these businesses “wonderful assets” because they can continue … Read More
Ray Dalio: How To Create a Hedge Fund Empire by Focusing on Return Streams
In this interview with Value Investing with Legends, Ray Dalio explains how his approach to investing is to focus on return streams rather than asset classes. He defines a return stream as “a decision rule that would produce return streams.” He then goes on to explain that he can construct … Read More
The Undervalued Stock That Superinvestors Are Loading Up On
As part of the weekly research here at The Acquirer’s Multiple we’re always interested in investing gurus who hold the same stocks that appear in our Acquirer’s Multiple Stock Screeners, based on their latest 13F’s. Investors such as Warren Buffett, Joel Greenblatt, Carl Icahn, Jim Simons, Prem Watsa, Jeremy Grantham, … Read More
Ben Graham Doesn’t Get Enough Credit For His Work On Quantitative Value Investing
During their latest episode of the VALUE: After Hours Podcast, Taylor, Carlisle, and Brewster discussed Ben Graham Doesn’t Get Enough Credit For His Work On Quantitative Value Investing. Here’s an excerpt from the episode: Jake: Yeah. So, Kevin, just to give some context for everyone else, Kevin’s a professor of … Read More
Warren Buffett: If At First You ‘Do’ Succeed, Quit Trying
In his 1991 Berkshire Hathaway Annual Letter, Warren Buffett uses the quote, “If at first you do succeed, quit trying.” It’s a tongue-in-cheek way of saying that once you find a great investment, you should hold on to it. This is because great businesses are rare and difficult to find. … Read More
Bill Ackman: Investors Should Focus On A Small Number Of High-Conviction Investments
In this interview at Delivering Alpha, Bill Ackman explains why he typically owns a small number of stocks but holds large positions in each one. This allows his fund to focus on its best ideas and have a significant impact on the companies it invests in. Here’s an excerpt from … Read More
David Abrams – Top 10 Holdings – Latest 13F
One of the best resources for investors are the publicly available 13F-HR documents that each fund is required to submit to the SEC. These documents allow investors to track their favorite superinvestors, their fund’s current holdings, plus their new buys and sold out positions. We spend a lot of time … Read More
VALUE: After Hours (S05 E37): Value Spread Wide but Closing, and What’s Driving the Value Spread
In their latest episode of the VALUE: After Hours Podcast Jake Taylor, Tobias Carlisle, and Bill Brewster discuss: Ben Graham Doesn’t Get Enough Credit For His Work On Quantitative Value Investing Logical Conclusion of Fundamental Analysis is a Hold Forever Period Contrarian Optimism: The Secret to Outperforming the Market Operation … Read More