[View the story “Week Beginning May 22nd, 2017” on Storify]
This Week’s Best Investing Reads – Curated Links
Here’s a list of this week’s best investing reads:
TAM Deep Value Stock Screeners – Overnight Market Update – May 19, 2017
The Acquirer’s Multiple® Valuation Ratio All stocks are picked using The Acquirer’s Multiple® valuation ratio. The ratio examines several financial statement items that other multiples like the price-to-earnings ratio do not, including debt, preferred stock, and minority interests; and interest, tax, depreciation, amortization and capital expenditures. The Acquirer’s Multiple® is … Read More
The 12 Commandments of Warren Buffett’s Hero, Philip Carret
Late last year The Telegraph did a great piece on value investing legend Philip Carret, who Warren Buffett described as one of his hero’s. After founding his Pioneer Fund in 1928, one year before the great depression, Carret successfully steered his fund consistently upwards through the Great Depression and the … Read More
Howard Marks And Joel Greenblatt: “I Think You And I Would Agree That People Are Nuts.” Time Favors The Rational.
Earlier this year, Howard Marks and Joel Greenblatt came face to face at the inaugural Forbes and Shook Research Top Financial Advisor Summit in Las Vegas where it became apparent that their worldview is nearly identical. When speaking about the current market conditions the pair said, “Most people, including most people … Read More
TAM Deep Value Stock Screeners – Overnight Market Update – May 18, 2017
The Acquirer’s Multiple® Valuation Ratio All stocks are picked using The Acquirer’s Multiple® valuation ratio. The ratio examines several financial statement items that other multiples like the price-to-earnings ratio do not, including debt, preferred stock, and minority interests; and interest, tax, depreciation, amortization and capital expenditures. The Acquirer’s Multiple® is … Read More
New Evidence Shows Graham and Dodd Were Right About Most Quant Investing Strategies
A recent publication in the Financial Analysts Journal called Facts about Formulaic Value Investing, by U-Wen Kok, Jason Ribando and Richard Sloan demonstrates that most quantitative investing strategies used today are unlikely to generate superior investment performance even with the advent of computers and financial databases. The research states, “We found little compelling evidence … Read More
Jason Zweig: You Should Approach All Claims Of Market-Beating Patterns With Extreme Skepticism
One of our favorite finance writers at The Acquirer’s Multiple is Jason Zweig. Zweig is a personal finance columnist for The Wall Street Journal. He’s also the editor of the revised edition of Benjamin Graham’s The Intelligent Investor (HarperCollins, 2003), the classic text that Warren Buffett has described as “by far the … Read More
TAM Deep Value Stock Screeners – Overnight Market Update – May 17, 2017
The Acquirer’s Multiple® Valuation Ratio All stocks are picked using The Acquirer’s Multiple® valuation ratio. The ratio examines several financial statement items that other multiples like the price-to-earnings ratio do not, including debt, preferred stock, and minority interests; and interest, tax, depreciation, amortization and capital expenditures. The Acquirer’s Multiple® is … Read More
Aswath Damodaran: The Story Is What Gives ‘Soul’ To Your Business Valuation
One of the finance professors we follow closely at The Acquirer’s Multiple is Aswath Damodaran. Damodaran holds the Kerschner Family Chair in Finance Education and is Professor of Finance at New York University Stern School of Business. Recently, Damodaran did an awesome presentation for the folks at Google on business valuation saying, “Business valuation … Read More
Bruce Greenwald: You Will Do Much Better Investing In Ugly Diseased Stocks Than Glamorous Stocks
One of our favorite finance professors here at The Acquirer’s Multiple is Bruce Greenwald. Greenwald holds the Robert Heilbrunn Professorship of Finance and Asset Management at Columbia Business School and is the academic Director of the Heilbrunn Center for Graham & Dodd Investing. Described by the New York Times as … Read More
TAM Deep Value Stock Screeners – Overnight Market Update – May 16, 2017
The Acquirer’s Multiple® Valuation Ratio All stocks are picked using The Acquirer’s Multiple® valuation ratio. The ratio examines several financial statement items that other multiples like the price-to-earnings ratio do not, including debt, preferred stock, and minority interests; and interest, tax, depreciation, amortization and capital expenditures. The Acquirer’s Multiple® is … Read More
Value Investing Nuggets – Value Investor Insight Newsletter – March 2017
One of the best resources for value investors are the Value Investor Insight Newsletters. The VII newsletter is a value investment publication full of value investing nuggets and interviews with some of the best value investing firms. The newsletter was created by money manager Whitney Tilson and media executive John Heins.
There Are Now More Indexes Than Stocks – Here’s Why
According to a recent Bloomberg article, the number of market indexes now exceeds the number of U.S. stocks. Here’s an excerpt from that article:
John Huber – Short-Termism Provides Value Investors With A Significant Sustainable Advantage
One of the value investors we like to follow closely at The Acquirer’s Multiple is John Huber at Saber Capital Management LLC. Huber writes some of the best shareholder letters for his clients. In his latest 2016 investor letter he wrote a great piece that provides some awesome value investing … Read More
Returns to The Acquirer’s Multiple® Screeners and The Best Value Stocks
[View the story “Week Beginning May 15th, 2017” on Storify]
TAM Deep Value Stock Screeners – Overnight Market Update – May 13, 2017
TAM Deep Value Stock Screeners – Market Update The TAM Deep Value Stock Portfolio fell -0.20% overnight to 13.15%. The Russell 3000 (INDEXRUSSELL:RUA) also fell -0.19% to 10.26%. The TAM Deep Value Stock Portfolio leads the Russell 3000 by 2.89%. In other overnight news from the three TAM Stock Screeners:
George Athanassakos: The Shift Towards Passive Investing Is Creating An Opportunity For Active Investors
One of the academics we like to follow closely at The Acquirer’s Multiple is George Athanassakos. Athanassakos is the Director of the Ben Graham Centre for Value Investing Ivey Business School. He recently wrote a great article that makes the case for why the market needs stockpickers now more than ever. The … Read More
Pzena Investment Management: Investing In The Cheapest Stocks Provides Superior Investment Performance Over The Long Term
One of the investors we follow closely at The Acquirer’s Multiple is Rich Pzena at Pzena Investment Management (Pzena). Pzena recently released its Q1 2017 commentary in which they demonstrate how investing in the cheapest stocks provides superior investment performance over the long term. Here’s an excerpt from the Q1 … Read More
TAM Deep Value Stock Screeners – Overnight Market Update – May 12, 2017
TAM Deep Value Stock Screeners – Market Update The TAM Deep Value Stock Portfolio fell -0.78% overnight to 13.33%. The Russell 3000 (INDEXRUSSELL:RUA) also fell -0.28% to 10.47%. The TAM Deep Value Stock Portfolio leads the Russell 3000 by 2.86%. In other overnight news from the three TAM Stock Screeners: