During their latest episode of the VALUE: After Hours Podcast, Brewster, Taylor, and Carlisle discussed AI Has The Animal Spirits Going Again. Here’s an excerpt from the episode: Bill: I think what’s closer to reality is that AI got some animal spirits going again. Jake: Yeah, that’s true. Bill: I … Read More
Howard Marks: 7 Ways To Take The Temperature Of The Market
In his most recent memo titled – Taking The Temperature, Howard Marks outlines seven ways that investors can take the current temperature of the market. Here’s an excerpt from the memo: For me, the things one must do fall under the general heading of “taking the temperature of the market.” … Read More
Terry Smith: Focus On Fundamentals, Forget Macro
In his latest Fundsmith semi-annual letter, Terry Smith reminds investors to focus on fundamentals and forget macro. Here’s an excerpt from the letter: Smith: To sum up, conditions are tougher and our companies are mostly having to cope with slower revenue growth and/or higher input costs. However, that’s what happens … 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
ChatGPT Heading The Same Way As NFTs
During their latest episode of the VALUE: After Hours Podcast, Brewster, Taylor, and Carlisle discussed ChatGPT Heading The Same Way As NFTs. Here’s an excerpt from the episode: Tobias: I tracked NFTs for a while, but it just got too sad. I tracked the search term, NFT, but NFT, it’s … Read More
Tom Gayner: Never Be In A Hurry To Sell
During his recent fireside chat at the Ben Graham 10th Annual Conference, Tom Gayner explained why you should never be in a hurry to sell. Here’s an excerpt from the chat: Gayner: Sell well, I tell the story about my grandmother, and if some of you know me, you might … Read More
Mohnish Pabrai: Investors Project Present Circumstances To Infinity
In this Q&A session with members of the Finance and Investment Cell at SRCC Delhi, Mohnish Pabrai explained why investors project present circumstances to infinity. Here’s an excerpt from the session: Pabrai: I think with investing the reason the error rate is high is because of…. I would say primarily … Read More
Howard Marks – 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
Puffery: Carlill v Carbolic Smoke Ball Co 1893
During their latest episode of the VALUE: After Hours Podcast, Brewster, Taylor, and Carlisle discussed Puffery: Carlill v Carbolic Smoke Ball Co 1893. Here’s an excerpt from the episode: Jake: When was the timeline on that one, by the way? When did they say that was–? Well, I guess, when … Read More
This Week’s 10 Big Named Companies Near 52 Week Lows
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 $ ABBV AbbVie … 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 -29.94% ABBV AbbVie Inc -12.22% … Read More
11 Book Recommendations By Terry Smith
Terry Smith is a very successful investor, British hedge fund manager, and Founder and CEO of Fundsmith. 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 from Terry … Read More
This Week’s Best Value Investing News, Podcasts, Interviews (7/7/2023)
This week’s best investing news: Jeremy Grantham – The Future: Markets, AI & Climate Change (WealthTrack) How to Do Great Work (Paul Graham) Insurers: The Smart Debt Money (Verdad) Chris Davis – This Pro Loves Bank Stocks. He Thinks Others Should Too (Barron’s) Seek Out the Most Inefficient Pockets, Says … Read More
Stock In Focus – TAM Stock Screener – Arch Resources Inc (ARCH)
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: Arch Resources Inc (ARCH) Arch Resources Inc is a producer of … Read More
Zooming Out On Berkshire Hathaway
During their latest episode of the VALUE: After Hours Podcast, Brewster, Taylor, and Carlisle discussed Zooming Out On Berkshire Hathaway. Here’s an excerpt from the episode: Bill: Jake, let’s do the veggies. Jake: Yes, sir. Bill: Hopefully, it’s about how all of the processing in electronic vehicles is in China … Read More
Warren Buffett: Our ‘Clean Sweep’ Approach To Business & Investing
In his 1998 Berkshire Hathaway Letter, Warren Buffett discussed their ‘clean sweep’ approach to business and investing. Here’s an excerpt from the letter: During the year, we slightly increased our holdings in American Express, one of our three largest commitments, and left the other two unchanged. However, we trimmed or … Read More
Charles Bobrinskoy: Value Stocks Are Trading At Very Reasonable Multiples
During his recent interview with CNBC, Ariel’s Charles Bobrinskoy explained why value stocks are trading at very reasonable multiples. Here’s an excerpt from the interview: Bobrinskoy: Well, it’s very important and it’s why we shouldn’t talk about the stock market being so overpriced. It’s about eight or nine stocks that … Read More
This Acquirers Multiple Stock Appearing In Marks, Miller, Cohen 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
The Fed Is Hurting My Stocks
During their latest episode of the VALUE: After Hours Podcast, Brewster, Taylor, and Carlisle discussed The Fed Is Hurting My Stocks. Here’s an excerpt from the episode: Bill: My wife said that when I was in Scotland, the amount of leftovers that were in the house were like asinine. She … Read More
Charles Munger: Investing Is Not For Everyone
During the 2014 Berkshire Hathaway Meeting, Buffett and Munger discussed why investing is not for everyone. Here’s an excerpt from the meeting: WARREN BUFFETT: And you just have to be open to it. And you will find your spot. You may not find it the first day, or the week, … Read More