(Month 2) – Up 21.7% – TAM $45,000 – Deep Value Stock Portfolio

Johnny HopkinsTAM Deep Value Stock Portfolio Comments

Today is the end of month two of The Acquirer’s Multiple $45,000 – Deep Value Stock Portfolio – Real Money Game, and the portfolio is up 21.7% since inception. The Deep Value Stock Portfolio – Real Money Game means I’m investing my entire superannuation valued at $45,000 into a real life Acquirer’s Multiple Portfolio and documenting it here. The plan is … Read More

Mohnish Pabrai – Shorting Stocks is Simply a Sucker’s Bet

Johnny HopkinsMohnish Pabrai Comments

One of my favorite investors is Mohnish Pabrai. Mohnish Pabrai is the founder and Managing Partner of the Pabrai Investments Funds, the founder and CEO of Dhandho Funds, and the author of The Dhandho Investor and Mosaic – Perspectives on Investing. He’s one of the smartest guys on the planet when it comes to investing. One of my favorite Pabrai articles is one … Read More

Howard Marks – The Broad Consensus of Investors is Almost Always Wrong

Johnny HopkinsHoward Marks Comments

In September of 2015, Howard Marks wrote a memo where he discussed one of the most important concepts in investing. It’s the paradox that exists because most investors think quality, as opposed to price, is the determinant of whether something’s risky. But high-quality assets can be risky, and low-quality assets can be safe. It’s just a matter of the price paid for … Read More

Five Rules To Follow When Picking Stocks

Johnny HopkinsPatrick O’Shaughnessy Comments

One of my favorite podcasts is Masters in Business hosted by Barry Ritholz, and one of my favorite investors is Patrick O’Shaughnessy. So, it was awesome to listen to a podcast where Ritholz interviewed O’Shaughnessy on his investing strategy. O’Shaughnessy, is a principal at O’Shaughnessy Asset Management and author of “Millennial Money: How Young Investors Can Build a Fortune.” O’Shaughnessy takes a contrarian position about … Read More

The Importance of Ignoring the Crowd – Western Refining, Inc. (WNR)

Johnny HopkinsStocks Comments

One of the things we’re always talking here at The Acquirer’s Multiple is the importance of buying undervalued stocks, and ignoring the crowd, while all around you are looking at you quizzically. One great example of this is a Western Refining, Inc. (NYSE:WNR). Take a look at the share price (below) of the company over the last six months:

The Acquirer’s Multiple Deep Value Stock Portfolio up 19.99%

Johnny HopkinsAcquirer's Multiple Returns Comments

Just a quick update on my TAM Deep Value Stock Portfolio. Today, the portfolio is up 19.99%. As you can see below there’s been particularly strong performances from Bridgepoint Education Inc (NYSE:BPI) and FreightCar America, Inc. (NASDAQ:RAIL) both up 46.27% and 32.30% respectively. Together with American Public Education, Inc. (NASDAQ:APEI) which is up 18.46%. Company TICKER BUY $ Date Qty Start Value CP CV % Diff … Read More

The Reason We Underperform – Markets Have Evolved Faster Than Humans

Johnny HopkinsResources Comments

One of my favorite studies on investor behavior was conducted about ten years ago in the journal Psychological Science, conducted by a team of researchers from Carnegie Mellon University. The study highlights, what kept humans safe from Tyrannosaurus Rex is what drives us to under-performance in the stock market today. Here’s an article at the Wall Street Journal about the study in 2005 titled, Lessons … Read More

What Works in Investing – Bill Miller (Legg Mason Capital Management)

Johnny HopkinsBill Miller Comments

One of my favorite podcasts is Barry Ritholtz’s Masters in Business. This week I listened to his interview with legenday investor Bill Miller. Miller is a legendary stock picker who beat the Standard & Poor’s 500 Index for 15 consecutive years while managing a fund at Legg Mason Capital Management. This is a fascinating discussion covering a number of wide-ranging issues on investing. … Read More

Here’s Why Warren Buffett is Buying Airline Stocks

Johnny HopkinsStocks, Warren Buffett Comments

Unless you’ve been living on another planet, you’ll know that CNBC reported Berkshire Hathaway recently released SEC filings showing that the company has taken a stake in three of the four major airline companies — American Airlines, United Continental Holdings and Delta Air Lines. CNBC also reported exclusively that Berkshire also has taken a stake in the fourth major carrier, Southwest … Read More

Do value investors collectively generate value from their efforts or is it “fool’s gold” – Aswath Damodaran

Johnny HopkinsAswath Damodaran Comments

The best series of posts ever written on whether value investors collectively generate value from their efforts or if it’s just “fool’s gold”, was written by Aswath Damodaran on his blog Musings on Markets. Damodaran holds the Kerschner Family Chair in Finance Education and is Professor of Finance at New York University Stern School of Business. Before coming to Stern, he also lectured … Read More

The Acquirer’s Multiple Deep Value Stock Portfolio up 18.45%

Johnny HopkinsAcquirer's Multiple Returns Comments

Just a quick update on my TAM Deep Value Stock Portfolio. Today, the portfolio is up 18.45%. As you can see below there’s been particularly strong performances from Bridgepoint Education Inc (NYSE:BPI) and FreightCar America, Inc. (NASDAQ:RAIL) both up 34.63% and 39.56% respectively. Together with American Public Education, Inc. (NASDAQ:APEI) which is up 15.64%. Company TICKER BUY $ Date Qty Start Value CP CV % Diff … Read More

Here’s Why Einhorn, Soros, Gabelli and Greenblatt are Interested in Humana Inc (HUM)

Johnny HopkinsStocks Comments

One of the best performing stocks in our Large Cap 1000 Screener, which you can register for free here, is Humana Inc (NYSE:HUM). If you check out the Guru Trades on gurufocus.com you’ll notice that there’s been interest in Humana from some of the biggest names in the investment world. Humana Inc., together with its subsidiaries, operates as a health and well-being company. The company … Read More

The Importance of Following an Evidence Based Process – Moneygram International Inc (MGI)

Johnny HopkinsStocks Comments

Back in December 23, 2015 I wrote about a stock in our All Investable Screener, which you can register for here, called Moneygram International Inc (NASDAQ:MGI). You can read the article here. MoneyGram International, Inc. (MoneyGram) is of course the money transfer and payment services company. As you can see (below), at the time I wrote the article, MoneyGram’s share price had dropped … Read More

Buy Groups of Stocks That Meet Some Simple Criterion for Being Undervalued – Benjamin Graham

Johnny HopkinsBenjamin Graham Comments

One of my favorite Benjamin Graham interviews was one he did with Hartman L. Butler, Jr., C.F.A. in 1976. Graham discusses a number of topics including how to successfully think like an investor, writing Security Analysis, index funds, and the efficient market theory. But my favorite piece includes his thoughts on his transition from picking individual stocks to a group … Read More