Buffett on Lou Simpson And His Successful Investing Strategy

Johnny HopkinsLou SimpsonLeave a Comment

One of our favorite investors here at The Acquirer’s Multiple is Lou Simpson. Simpson, the Vice Chairman of GEICO, was mentioned in Buffett’s 1986 Berkshire Hathaway Shareholder Letter in which he said: “The second stage of the GEICO rocket is fueled by Lou Simpson, Vice Chairman, who has run the company’s investments since late 1979. Indeed, it’s a little embarrassing for me, … Read More

Seth Klarman – Value Investing Is A Large-Scale Arbitrage Between Security Prices And Underlying Business Value

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The one book that all investors should read is Margin of Safety, by Seth Klarman. A new copy of Klarman’s book is going to set you back around $1000 on Amazon and used copies can be bought for around $750. But it’s money well spent if you wish to be a successful value investor. There’s a great piece in the … Read More

In case you missed it: Interview with Eric Schleien on The Intelligent Investing Podcast

Tobias CarlislePodcastsLeave a Comment

Earlier this week I did a fun interview with Eric Schleien on The Intelligent Investing Podcast. Click on the play button below to listen to the interview: We talk about value investing and the acquirer’s multiple, including my new book, The Acquirer’s Multiple: How the Billionaire Contrarians of Deep Value Beat the Market out now on Kindle and paperback.

This Weeks Best Investing Reads

Johnny HopkinsValue Investing NewsLeave a Comment

Here’s a list of this week’s best investing reads: What the Charts Don’t Tell You (A Wealth of Common Sense) No Talent (The Reformed Broker) Graham & Doddsville Latest Newsletter (columbia.edu) Playing The Odds (The Irrelevant Investor) Passive Should Never Laugh At Active (The Macro Tourist) How to Remember What You Read (Farnam Street) Hash Power – A Documentary on Blockchains & Cryptocurrencies (Investor’s Fieldguide) The Nobel Prize for Clever Mind Games … Read More

David Einhorn: Value Investing May Be Dead And Amazon And Tesla Killed It

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Here’s a great article on CNBC about David Einhorn and his thoughts on the future of value investing from his latest shareholder letter. “Given the performance of certain stocks, we wonder if the market has adopted an alternative paradigm for calculating equity value,” Einhorn writes in an investor letter to clients. Greenlight Capital returned 6.2 percent in the third quarter, … Read More

Interview on The Meb Faber Show

Tobias CarlisleMeb Faber1 Comment

I had a great time chatting with Meb Faber on The Meb Faber Show. Click on the play button below to listen to the interview: We cover a lot of ground about investing and the acquirer’s multiple, including my new book, The Acquirer’s Multiple: How the Billionaire Contrarians of Deep Value Beat the Market out now on Kindle and paperback.

New book out now! The Acquirer’s Multiple: How the Billionaire Contrarians of Deep Value Beat the Market

Tobias CarlisleAmazon, Tobias Carlisle1 Comment

My new book The Acquirer’s Multiple: How the Billionaire Contrarians of Deep Value Beat the Market is out now on Kindle, paperback, and Audible. From Amazon The Acquirer’s Multiple is an easy-to-read account of deep value investing. The book shows how investors Warren Buffett, Carl Icahn, David Einhorn and Dan Loeb got started and how they do it. It combines engaging … Read More

Warren Buffett – Mistakes of the First Twenty-Five Years

Johnny HopkinsCharles Munger, Warren BuffettLeave a Comment

One of the best resources available to investors are the Berkshire Hathaway shareholder letters. One of my personal favorites is the 1989 letter in which Warren Buffett wrote a piece called – Mistakes of the First Twenty-five Years (A Condensed Version). It’s a great insight into how even the greatest investors can make mistakes. The lesson of course is not to … Read More

Charlie Munger – Successful Investing Is About Being ‘Non-Idiotic’

Johnny HopkinsCharles MungerLeave a Comment

One of the best resources for investors are the Daily Journal Corporation shareholder meetings chaired by Charlie Munger. My personal favorite is his 2015 meeting in which he discusses Darwinism, Henry Singleton, human nature, and what he learned from Einstein. But there’s also a wonderful insight into how he was able to see that investing in good companies was a better … Read More

Mohnish Pabrai – Focus On Individual Stocks And Never Ever Invest In IPO’s – Here’s Why

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Here’s a great interview with Mohnish Pabrai on ET Now. With regards to IPO’s Pabrai says, “The simple rule to follow is do not buy what is being sold, especially what is being sold by promoters. Just completely side step the IPO market.” In relation to individual stock investment he says, “The most important thing after getting fluency on compounding … Read More

This Week’s Best Investing Reads

Johnny HopkinsValue Investing NewsLeave a Comment

Here’s a list of this week’s best investing reads: Poking Holes in the Market Bubble Hypothesis (csinvesting) Income Investors: It’s OK to Be Sad, But Don’t Get Desperate (Jason Zweig) Stocks Are More Than Twice As Highly Valued Today Than They Were In 1987 Before The Crash (The Felder Report) They’re All Going to Leave (The Irrelevant Investor) The Most Important Thing That Counts in Investing is Character (Safal Niveshak) … Read More

Howard Marks – Most Great Investors Stick To An Approach Through Thick And Thin

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I’ve just been reading the latest Graham & Doddsville newsletter which features Howard Marks. the Co-Chairman of Oaktree Capital. It’s a great interview with Mark’s in which he discusses his investing strategy, investor psychology, investing timeframes and how great investors stick to their approach through thick and thin. Here’s an excerpt from the newsletter: Graham & Doddsville (G&D): You last spoke … Read More

Michael Steinhardt – Being Contrarian Is Not Enough. You Have To Be Right!

Johnny HopkinsMichael SteinhardtLeave a Comment

Michael Steinhardt is an investing legend. His fund, Steinhardt Partners had an impressive track record that amassed 24% compound average annual returns for a 28-year period. He focused on a macro asset allocation strategy that included stocks, bonds, options, and currencies. His investing strategy was best summarized by his six golden rules of investing and publicized by Charles Kirk of The … Read More

Warren Buffett’s Hero Philip Carret Says There’s Only One Rule For Selling Winning Stocks

Johnny HopkinsPhilip Carret, Warren BuffettLeave a Comment

One of our favorite investors here at The Acquirer’s Multiple is value investing legend Philip Carret who Warren Buffett once described as one of his heroes. Carret has written three books – The Art of Speculation, A Money Mind at Ninety, and Classic Carret: Common sense from an uncommon man. After founding his Pioneer Fund in 1928, one year before the great … Read More

Charles Munger – 5 Ultrasimple Notions For Successful Investing

Johnny HopkinsCharles MungerLeave a Comment

One of my favorite investing books is – Damn Right: Behind the Scenes with Berkshire Hathaway Billionaire Charlie Munger, by Janet Lowe. The book is a great insight into Munger’s life, philosophy, and investing journey. One passage in the book which is of particular interest to investors is Munger’s five ultrasimple general notions that he finds helpful in solving problems. These … Read More

Maurece Schiller’s Fortunes in Special Situations in the Stock Market: The Authorized Edition

Tobias CarlisleStock Screener, StocksLeave a Comment

Tom Jacobs recently published Maurece Schiller’s Fortunes in Special Situations in the Stock Market: The Authorized Edition. We provided an endorsement and the following foreword: Beginning with Maurece Schiller’s series is the original and definitive guide to special situation investing. It is not an embellishment to say it stands shoulder-to-shoulder with the three other great works in the value investing canon—Graham-and-Dodd’s Security Analysis, … Read More