From FANG to BAATMANN: Mag8 | The Acquirer's Multiple®

During their recent episode, Taylor, Carlisle, and Jason Buck discussed From FANG to BAATMANN: Mag8. Here’s an excerpt from the episode:

Tobias: There’s a new addition to faanmag, faatman. I don’t know what we’re going with. It’s now Baatmman.

Jason: Batman’s the newest?

Tobias: Broadcom has now crossed a trillion dollars in market cap, which means that it’s now Magnificent 8 and it’s Baatmman and it’s like B-A-A-T. There might be two Ms-A-N, something like that, Battmman.

Jason: Are we just getting too old and curmudgeonly? I’m just so tired. We’ve seen how many name changes over the decades. I’m just so tired of all this stuff.

Tobias: What did it start out as? Was it only four? I want to say maggot, but that’s not right.

Jake: No, we had FANG originally.

Tobias: That’s right.

Jason: Yeah. FANG. I think it was probably some before that actually.

Jake: One of the original. But yeah, sure, there was some oil related one back in the 1980s. I’m sure was–

Jason: Yeah. You want to go way back, we had Nifty50, and then everybody’s talking [unintelligible 00:33:31] again about the bricks. But as we know, these are made up by the investment banks or the ETF sellers just sell more product. They’re just trying to figure out acronyms. So, why are we participating in their acronyms to sell more product?

Tobias: I just think it’s funny. I think it’s that you just add the thing that’s working and you say, there we go. It’s part of a cohort. There’s a theme there. [crosstalk]

Jake: But it is also a shorthand thing for guys like us to bitch about. So, we could say like, “Well, of course, I don’t have Battmman in the portfolio right now.” We all know what we’re talking about together.

Jason: But could we just say, like, the top 10, I guess, or whatever, I don’t know. Yeah, so, we didn’t have to keep learning new acronyms every time.

You can find out more about the VALUE: After Hours Podcast here – VALUE: After Hours Podcast. You can also listen to the podcast on your favorite podcast platforms here:

Apple Podcasts