During their latest episode of the VALUE: After Hours Podcast, Valdez, Taylor, and Carlisle discuss Warren Buffett – Taking The Dagger Off The Steering Wheel. Here’s an excerpt from the episode: Tobias: It was funny that the conglomerates they said they had the wrong incentive model, because the managers weren’t … Read More
Bill Nygren: Today Is A Great Time To Be A Traditional Value Investor
During his recent interview with CNBC, Bill Nygren explained why today is a great time to be a traditional value investor. Here’s an excerpt from the interview: Nygren: I think what’s important for investors to realize is as good a year as value had in 2022 that it’s given all … Read More
Seth Klarman: Investors Should Focus On The Most Inefficient Pockets In The World
During his recent interview with CNBC, Seth Klarman recommended investors focus on the most inefficient pockets in the world. Here’s an excerpt from the interview: Klarman: I think that markets can become more efficient, and there’s a question in my mind about once a market becomes more efficient, whether it … 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
What Makes Modern Day Conglomerates Great!
During their latest episode of the VALUE: After Hours Podcast, Valdez, Taylor, and Carlisle discuss What Makes Modern Day Conglomerates Great!. Here’s an excerpt from the episode: Tobias: What do you think distinguishes the Constellation, Danaher, Berkshire, Vista, like that modern day conglomerate or whatever it is? The conglomerate to … Read More
Aswath Damodaran: How Stock Valuation Has Changed Over Decades
During this interview with Chartered Investor, Aswath Damodaran explains how stock valuation has changed over decades. Here’s an excerpt from the interview: Damodaran: Ben Graham actually listed 12 screens. It’s amazing how much of old-time value investing is stuck on those screens. So first let’s dispense with the notion that … Read More
Mohnish Pabrai: Great Investors Enjoy The Hunt
During this interview with the Finance Club of IIT Patna, Mohnish Pabrai explained why great investors enjoy the hunt. Here’s an excerpt from the interview: Pabrai: So this is the Moody’s manual that Buffett used to use in the 50s. You can see it’s a very thick book, and if … 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
Becoming A Serial Acquirer Like Berkshire & Constellation
During their latest episode of the VALUE: After Hours Podcast, Valdez, Taylor, and Carlisle discuss Becoming A Serial Acquirer Like Berkshire & Constellation. Here’s an excerpt from the episode: Tobias: What are your inspirations? Berkshire? What about something like Constellation or–? Mark: 100%. Yeah, Constellation– [crosstalk] Tobias: Because they have … Read More
Howard Marks: The 1 Question Investors Should Ask Regarding A Possible Investment
In his book, Mastering The Market Cycle, Howard Marks discusses the one question investors should ask regarding a possible investment. Here’s an excerpt from the book: My point is that, in a negative environment, excessive risk aversion can cause people to subject investments to unreasonable scrutiny and endlessly negative assumptions … Read More
David Einhorn: What Should Investors Do When They’re ‘On Tilt’?
During this interview with Cambridge Union, David Einhorn discusses what investors should do when they’re ‘on tilt’. Here’s an excerpt from the interview: Einhorn: There’s some overlap in the skill-sets. Like if you just think about an investment versus a poker hand, there’s some information that you know. You know … Read More
Terry Smith – 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 E24): Mark Valdez On Mergers And Acquisitions, Search Funds And Venture Capital
In their latest episode of the VALUE: After Hours Podcast, Mark Valdez, Jake Taylor, and Tobias Carlisle discuss: Becoming A Serial Acquirer Like Berkshire & Constellation What Makes Modern Day Conglomerates Great! Warren Buffett – Take The Dagger Off The Steering Wheel Investing Lessons From Earthworms Where Will Startups Turn … 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 $ BMY Bristol-Myers … 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 -15.45% BAC Bank of America … Read More
9 Book Recommendations From Bill Ackman
Bill Ackman is a very successful investor, hedge fund manager, and Founder and CEO of Pershing Square Capital Management. 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 nine book recommendations from Bill … Read More
This Week’s Best Value Investing News, Podcasts, Interviews (6/23/2023)
This week’s best investing news: Howard Marks: Mastering The Market Cycle (TIP) Charlie Munger is skeptical of AI: ‘Old-fashioned intelligence works pretty well’ (CNBC) Cliff Asness – Quant Firm AQR Spots Deal of the Century in Emerging Markets (Bloomberg) The Roundup: Top Takeaways from Oaktree’s Quarterly Letters – June 2023 … Read More
Stock In Focus – TAM Stock Screener – Gulfport Energy Corp (GPOR)
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: Gulfport Energy Corp (GPOR) Gulfport Energy Corp is an independent exploration … Read More
Investing Lessons From Trees
During their latest episode of the VALUE: After Hours Podcast, Cassel, Taylor, and Carlisle discuss Investing Lessons From Trees. Here’s an excerpt from the episode: Jake: You guys want to squeeze some veggies in? Tobias: Yeah, let’s do some veggies. Good idea. Jake: So, this week is all about the … Read More
GMO: U.S “Deep Value” Stocks (Cheapest 20%) Are Super Cheap
During his recent interview with Meb Faber, GMO’s Ben Inker explained why U.S deep value stocks are super cheap. Here’s an excerpt from the interview: When we’re talking about value, the default way most people think about it is halves of the market. So there’s the value half of the … Read More