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
This Week’s 10 Worst Performing Mega-Cap Stocks Last 12 Months
Over the past twelve months ten Mega-Cap stocks have underperformed all others. Mega-Caps are defined by $200 Billion Market Cap or more. Here’s this week’s top 10 worst performing Mega-Caps in the last twelve months: Symbol Name 1 Year Price Returns (Daily) PFE Pfizer Inc -28.00% TSLA Tesla Inc -14.52% … Read More
3 Book Recommendations From Carl Icahn
Carl Icahn is an American investor and hedge fund manager. He is founder and controlling shareholder of Icahn Enterprises. He has recommended a number of books that have influenced his thinking and approach to investing. While this list is by no means complete, here are some of the book recommendations … Read More
This Week’s Best Value Investing News, Podcasts, Interviews (8/11/2023)
This week’s best investing news: What Ray Dalio got wrong (and what happens next) (AFR) The Top 5 (Verdad) Carl Icahn promises a ‘reset’ as his company’s shares plunge as much as 37% (Fortune) The Truth About Market Forecasts (And Dollar Cost Averaging) (Validea) Pzena Investment Management 2023 Mid Year … Read More
Stock In Focus – TAM Stock Screener – Cal-Maine Foods Inc (CALM)
As part of our ongoing series here at The Acquirer’s Multiple, we provide this feature article titled ‘Stock in Focus‘ where we focus on one of the stocks from our Stock Screeners. One of the cheapest stocks in our Stock Screeners is: Cal-Maine Foods Inc (CALM) Cal-Maine Foods Inc produces and sells shell … Read More
Investors Can Buy The Knicks And The Rangers At A Discount
During their latest episode of the VALUE: After Hours Podcast, Boyar, Taylor, and Carlisle discussed Investors Can Buy The Knicks And The Rangers At A Discount. Here’s an excerpt from the episode: Jake: Would you say capital allocation is an important part of your assessment? Jonathan: Yeah, it’s critically important. … Read More
Warren Buffett: How Berkshire Hathaway Has Adapted Over The Years
During the 2019 Berkshire Hathaway Annual Meeting, Warren Buffett discusses how Berkshire Hathaway has had to adapt over the years to keep up with the changing business landscape. Here’s an excerpt from the meeting: WARREN BUFFETT: Yeah. But I mean, we basically want to have a group of managers, and … Read More
Mohnish Pabrai: One Example Of Why Micro Trumps Macro
In this presentation to the Indian School of Business, Mohnish Pabrai discusses one example of why micro trumps macro. Here’s an excerpt from the presentation: Pabrai: Yeah, so actually for the most part you should ignore macro. Going back to my example of the McDonald’s franchise and Ford dealership, etc. I … Read More
This Acquirers Multiple Stock Appearing In Greenblatt, Dalio, Gayner Portfolios
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
Ergodicity In Investing
During their latest episode of the VALUE: After Hours Podcast, Boyar, Taylor, and Carlisle discussed Ergodicity In Investing. Here’s an excerpt from the episode: Tobias: JT, do your you got some veggies for us today? Jake: Yes, sir, I do. So, this segment is– it’s actually just some lessons from … Read More
David Einhorn: “Animal Spirits” Have Returned To The Anti-Value Pockets Of The Market
During his recent Q2 2023 Earnings Call, David Einhorn discussed “Animal Spirits” returning to the anti-value pockets of the market. Here’s an excerpt from the call: The first half of 2023 was an extremely difficult period for shorting as animal spirits returned to the anti-value pockets of the market. While … Read More
Warren Buffett: Don’t Risk What You Have And Need In Order To Pursue What You Don’t Have And Don’t Need
In the Berkshire Hathaway Owner’s Manual, Warren Buffett explains why he is willing to reject interesting opportunities rather than over-leverage his balance sheet. Here’s an excerpt from the Owner’s Manual: We use debt sparingly and, when we do borrow, we attempt to structure our loans on a long-term fixed-rate basis. … Read More
One Stock Superinvestors Are Selling
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
Investing Alongside John Malone
During their latest episode of the VALUE: After Hours Podcast, Boyar, Taylor, and Carlisle discussed Investing Alongside John Malone. Here’s an excerpt from the episode: Jonathan: Professional sports teams- Tobias: oh, yeah. Jonathan: -which they worked out real well for us, and I still think there’s a long way to … Read More
Charles Munger: Sometimes ‘Zero’ Is The Right Number Of Security Transactions
In his 2013 Daily Journal Corp Annual Meeting, Charles Munger explained why sometimes ‘zero’ is the right number of security transactions. Here’s an excerpt from the meeting: Shareholder: You talked about modern institutional money management. How would you contrast that system with what you were doing in the late 1960s, … Read More
Howard Marks: The Race To The Bottom Is Currently Underway
In this lecture on SYA, Howard Marks discusses the lower returns across all asset classes, that have increased risk-taking, and a “race to the bottom” in the investment world. Here’s an excerpt from the lecture: Marks: The issue is that when we got into the global financial crisis, the central … Read More
One Stock Superinvestors Are Buying
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
Why Uber Is A Good Investment
During their latest episode of the VALUE: After Hours Podcast, Boyar, Taylor, and Carlisle discussed Why Uber Is A Good Investment. Here’s an excerpt from the episode: Jonathan: Now it’s positive. It’s just turned positive. I mean, that’s so, but if you look at it two or three years from … Read More
VALUE: After Hours (S05 E29): Jonathan Boyar on Special Situations, $UBER, $BATRK and Jake on Ergodicity
In their latest episode of the VALUE: After Hours Podcast, Jonathan Boyar, Jake Taylor, and Tobias Carlisle discuss: The current state of the market Opportunities in small-cap stocks Ergodicity and the future returns of stocks Is Callaway & golf on the rise Two undervalued stocks – Liberty Braves and Levi’s … Read More
Aswath Damodaran: You Have To Keep Investing Simple, But Not Simplistic
In this interview with Everything Money, Aswath Damodaran explains why investors should keep it simple when investing, but not simplistic. Arguing that investors should only add detail to their analysis when it’s necessary to make an informed decision. Here’s an excerpt from the interview: Damodaran: I think you have to … Read More