One of my favorite investors is Tobias Carlisle, who is of course our esteemed leader here at The Acquirer’s Multiple. One of the best article ever written by him was one he wrote for Forbes called, What To Do When The Market Punches You In The Mouth. I thought today would … Read More
John Rogers: In Investing, Brains Are More Reliable Than Machines. Here’s Why
Just read a great article by John Rogers from Ariel Appreciation, who illustrates why brains are more reliable that machines in the world of investing. It reminded me of an article by Scientific American which says, “Computers are good at storage and speed, but brains maintain the efficiency lead”. The article went … Read More
Warren Buffett: Berkshire Hathaway Has An Unprecedented $100 Billion In Cash, Here’s Why
Great article by Jeff Nielson at sprottmoney.com that highlights Buffett’s equity portfolio is valued at $135 billion. With $100 billion in cash, that means more than a 40% cash component, an unprecedented mountain of cash in the history of Berkshire Hathaway. The question is why? Here’s an excerpt from that article:
Warren Buffett: Classic Investing Wisdom From The Man Who Was Rejected By Harvard & Initially By Ben Graham
One of the best Buffett interviews was one he did with Economic Club President David M. Rubenstein, honoring the 25th Anniversary of The Economic Club of Washington, D.C.. This is classic Buffett, filled with humor and loads of investing nuggets:
Howard Marks: 7 Principles For Identifying Investment Opportunites
Howard Marks is a modern day Superinvestor like Seth Klarman and Mohnish Pabrai. His memos provide investors with a great deal of insight on investing strategy. One of our favorites memos was an Addendum he added to his third quarter client letter in 1994 in which he provides seven principles … Read More
(Month 8) TAM Deep Value Stock Portfolio Up 13.77% – Global Sources Ltd up 158%
Today is the end of Month Eight of The Acquirer’s Multiple – Deep Value Stock Portfolio, and the portfolio is up 13.77%, leading the comparative Russell 3000 Index by 2.44%, since inception. The plan is to build my portfolio over the next twelve months and ongoing. After twelve months I’ll have … Read More
50 Of The Best Investing Blogs On The Planet (2017)
Every year Tobias and I sit down to pick out fifty of the best investing blogs on the planet. This list is by no means complete and is certainly not in any particular order. If you’re an investor take some time to read through the great blogs on this list, they’ll … Read More
Returns to The Acquirer’s Multiple® Screeners and The Best Value Stocks
[View the story “Week Beginning May 29th, 2017” on Storify]
This Week’s Best Investing Reads – Curated Links
Here’s a list of this week’s best investing reads:
Jesse Livermore – 21 Investing Rules That Have Stood The Test Of Time For 77 Years
Before the modern day tweeter @Jesse_Livermore, there was a famous investing legend also called Jesse Livermore. The original Livermore was born in 1877 and died in 1940. Livermore was famous for making and losing several multimillion-dollar fortunes and short selling during the stock market crashes in 1907 and 1929. Livermore was an investing … Read More
A Value Investors Mecca Should Extend Beyond Omaha To Toronto And Prem Watsa
Great article in the AFR that suggests Omaha is not the only place that value investors are heading to for great ideas. It seems Denver and Toronto are becoming equally important destinations, as are the annual meetings of Markel Corporation and Fairfax Financial, as investors prepare for life after Buffett … Read More
America Is Great. Home Country Bias Ain’t (GMO)
Here’s a great article from the team at GMO that demonstrates how “home country bias” may be hurting your performance. Home country bias means investors have a natural tendency to focus their investments in companies and markets in their own country. Here’s an excerpt from that article:
Rob Arnott: How “Smart Beta” Investing Can Become Dumb Investing
One investor and writer that we follow closely here at The Acquirer’s Multiple is Rob Arnott. Arnott is the founder and chairman of Research Affiliates. He’s also the portfolio manager on the PIMCO All Asset and All Asset All Authority family of funds and the PIMCO RAE™ suite of funds. … Read More
Global Sources Ltd. (Bermuda) Up 48.96% Overnight
One of the stocks I added to the TAM Deep Value Stock Portfolio last month was Global Sources Ltd. (Bermuda) (NASDAQ:GSOL). Global Sources Ltd. is a business-to-business (B2B) media company that provides information and integrated marketing services, with a particular focus on the Greater China market. I wrote about the purchase in my … Read More
Buffett Says Bogle Is a Hero. Bogle Says He Just Gave A Damn About Investors
During the recent Berkshire Hathaway Annual General Meeting Warren Buffett said Jack Bogle, the founder of Vanguard, had probably done more for investors than anyone. Bogle says, “I’m an ordinary guy just trying to do my best for investors and who gave a damn about investors”. Here’s a recent interview … Read More
Joel Greenblatt – Individual Investors Can Beat Large Institutions And Passive Strategies – Here’s How
One of our favorite Joel Greenblatt interviews is one he did with Steve Forbes at Intelligent Investing. In this interview, Greenblatt explains how small investors can still beat large institutions. Greenblatt also discusses why investing in indexes like The Russell 1000 and the S&P 500 are seriously flawed even though … Read More
Is Amazon Good Value – From A Value Investing Perspective
Just found a great article on Forbes that looks at whether Amazon, with a market cap of $465 Billion, represents good value from a value investing perspective. Here’s an excerpt from that article:
Charles Munger – Still The Best Article Ever Written on Stock Picking – TAM Archives
This is still the best talk ever given on The Art of Stock Picking by Charles Munger. It’s a masterpiece in the world of value investing. The lessons that Munger provides are timeless and it’s an absolute must read for all investors. Here is an excerpt from the article, The Art … Read More
The Olstein Funds – Look For Solid Businesses Facing Strategic Challenges
One of the firms we follow closely at The Acquirer’s Multiple is Olstein Capital Management and its Chairman, Bob Olstein. Last month, Olstein’s Executive Vice Chairman Eric Hayman did a great interview with The Wall Street Transcript (TWST) in which he discussed how the firm finds value opportunities in a world … Read More
Greenwald Says Mitch Julis Is One Of The Best Value Investors – Here’s Why
One of our favorite investors at The Acquirer’s Multiple is Mitch Julis at Canyon Partners. In a recent Barron’s article, Bruce Greenwald was asked who are the best value investors to which he replied, “Warren Buffett, obviously; Seth Klarman [Baupost Group]; Howard Marks [Oaktree Capital Management]; Mitch Julis [Canyon Partners]. … Read More