During their latest episode of the VALUE: After Hours Podcast, Trainer, Taylor, and Carlisle discussed Tesla’s Embedded Assumptions: What Investors Need to Know. Here’s an excerpt from the episode: David: I think Tesla’s a meme stock. I think Netflix is a meme stock. Tobias: Let’s talk about Tesla. Do you … Read More
Mohnish Pabrai: The 3-Year Rule For Cutting Losses
In his book, The Dhando Investor, Mohnish Pabrai discusses the 3-year rule for cutting losses. Here’s an excerpt from the book: When the stock was at $5 in 2003, all Pabrai Funds hoped to accomplish after two to three years was simply break-even or hopefully exit with a small loss. … Read More
David Einhorn: The Other Side Of The Trade: Understanding Your Counterparty
In his book, Fooling Some of the People All of the Time, David Einhorn discusses the importance of understanding your counterparty on the other side of the trade. Here’s an excerpt from the book: Greenlight takes the opposite approach. We start by asking why a security is likely to be … 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
ChatGPT: Is It A Mass Plagiarism Machine Or A Real Advance In Machine Learning?
During their latest episode of the VALUE: After Hours Podcast, Trainer, Taylor, and Carlisle discussed ChatGPT: Is It A Mass Plagiarism Machine Or A Real Advance In Machine Learning?. Here’s an excerpt from the episode: Tobias: Not looking good for the old NFT searches though. I checked the Google search … Read More
Warren Buffett: The Secrets To Our Success
During the 2016 Berkshire Hathaway Annual Meeting, Warren Buffett discussed the secrets to their success. Here’s an excerpt from the meeting: WARREN BUFFETT: But we — Charlie and I are the kind that literally find it interesting in every business — we like to look at micro factors. If we … Read More
Jeremy Grantham: The Market Is A Coincident Indicator of Comfort
During his recent interview with The Compound, Jeremy Grantham explained why the market is a coincident indicator of comfort. Here’s an excerpt from the interview: Grantham: The model suggests it will if the world were to behave like it has behaved in every other major bubble. That’s all it would take. … Read More
Ray Dalio – 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 E34): New Constructs’ David Trainer on Forensic Accounting, ML/AI and (1+ r)^n
In their latest episode of the VALUE: After Hours Podcast, David Trainer, Jake Taylor, and Tobias Carlisle discuss: ChatGPT: Is It A Mass Plagiarism Machine Or A Real Advance In Machine Learning? Tesla’s Embedded Assumptions: What Investors Need to Know Mauboussin’s Valuation Approach: A Way to Avoid Overvalued Stocks Investors … Read More
Mastercard Inc (MA) DCF Valuation: Is The Stock Undervalued?
As part of a new series, each week we typically conduct a DCF on one of the companies in our screens. This week we thought we’d take a look at one of the stocks that are not currently in our screens, Mastercard Inc (MA). Profile Mastercard is the second-largest payment … Read More
10 Big-Name Stocks Near 52-Week Lows: Are They A Buy?
Over the past twelve months a number of big named companies have been near or below their 52 week low price. Each week we’ll take a look at some of the biggest names currently close to their 52 week lows: Symbol Name Price $ 52 Week Low $ PFE Pfizer … Read More
Large-Cap Stocks In Trouble: Here Are The 10 Worst Performers Over The Past 12 Months
Over the past twelve months ten Large-Cap stocks have underperformed all others. Large-Caps are defined by $10 Billion Market Cap or more. Here’s this week’s top 10 worst performing Large-Caps in the last twelve months: Symbol Name 1 Year Price Returns (Daily) ENPH Enphase Energy Inc -59.32% DG Dollar General … Read More
Part 3: 10 Of The Best Stock Market Investing Books Of All Time (2023)
Recently we released Part 1 and Part 2 of our list of 10 Of The Best Stock Market Investing Books Of All Time (2023). This week we’ve added a further ten. This list is by no means complete and is certainly not in any particular order. If you’re an investor … Read More
Why The Home Depot Inc (HD) 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: The Home Depot Inc (HD) Home Depot is the world’s largest … Read More
This Week’s Best Value Investing News, Podcasts, Interviews (9/22/2023)
This week’s best investing news: Jim Chanos Talks Short Bets, China Risks and “Dumb Money” (Bloomberg) All-In Summit: Ray Dalio on the rise and fall of nations and the changing world order (All-In) Understanding Bank Stocks (Verdad) Steven Romick – Portfolio Lessons: Navigating Market Cycles (WealthTrack) Jeremy Grantham Says This … Read More
Warren Buffett: The 2 Yardsticks For Judging Great Management
During the 1994 Berkshire Hathaway Annual Meeting, Warren Buffett discussed the two yardsticks for judging great management. Here’s an excerpt from the meeting: WARREN BUFFETT: Well, I think you judge management by two yardsticks. One is how well they run the business and I think you can learn a lot … Read More
Stanley Druckenmiller: “I’m Not Sure I’ve Ever Made Money On Shorts”
In this interview with Bloomberg, Stan Druckenmiller explains why shorting is a risky business saying, “I’m Not Sure I’ve Ever Made Money on Shorts”. Here’s an excerpt from the interview: Our shorts have been fine this year, except my index shorts which have been a disaster. But we always short … Read More
This Acquirers Multiple Stock Is Undervalued, According to Greenblatt, Dalio, And Simons
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
Michael Burry: How To Build A Portfolio That Can Withstand Any Shock
In his 2001 Scion Value Fund Letter, Michael Burry explained how to build a portfolio that can withstand any shock. Here’s an excerpt from the letter: A portfolio manager must understand that safeguarding against loss does not end with finding the perfect security at the perfect price. If it did, then … Read More
Warren Buffett: How To Use Mathematical Laws To Make Better Stock Market Decisions
In his 1986 Berkshire Hathaway Annual Letter, Warren Buffett explained how to use mathematical laws to make better stock market decisions. Here’s an excerpt from the letter: Common stocks, of course, are the most fun. When conditions are right that is, when companies with good economics and good management sell … Read More