We’ve launched a new investment firm called Acquirers Funds® to help you put the acquirer’s multiple into action. Acquirers Funds® Our investment process begins with The Acquirer’s Multiple®, the measure used by activists and buyout firms to identify potential targets. We believe deeply undervalued, and out-of-favor stocks offer asymmetric returns, with … Read More
Why Jim Chanos Thinks Traditional Data Centers Are Doomed
If you’ve ever wondered where all the financial skeletons are buried, Jim Chanos has a map—and he’s not shy about pointing to the fresh graves. On a recent episode of the Odd Lots podcast, the legendary short seller sounded the alarm on everything from data center economics to Medicare Advantage … Read More
Steve Romick: “This Too Shall Pass” – A Veteran Investor’s Calm in Market Chaos
Steve Romick doesn’t mince words. The veteran value investor from the FPA Crescent Fund offers a welcome dose of level-headed perspective — especially during chaotic times like these. “It’s only April,” Morningstar’s Leslie Norton noted, “but you’ve had an eventful year.” Fires in Los Angeles, whipsaw markets, and political uncertainty … Read More
One Stock Superinvestors Are Loading Up On
As part of the weekly research here at The Acquirer’s Multiple, we’re always interested in investing gurus who hold the same stocks that appear in our Acquirer’s Multiple Stock Screeners, based on their latest 13F’s. Investors such as Warren Buffett, Joel Greenblatt, Carl Icahn, Prem Watsa, Jeremy Grantham, Seth Klarman, … Read More
VALUE: After Hours (S07 E12): Reflections on Japan: Investing Culture & Net-Nets
During their recent episode, Taylor and Carlisle discussed Reflections on Japan: Investing Culture & Net-Nets. Here’s an excerpt from the episode: Tobias: Yeah. So, we were in Tokyo for a week and then Shanghai for a week. And interesting contrast I think between the two cities and the two investment … Read More
Terry Smith’s Guide to Spotting Value-Creating Businesses
In his book Investing for Growth, Terry Smith makes a simple but powerful point about what makes a great business: “A good company is one which creates value for its shareholders by making a high return on capital – significantly above its cost of capital – across the business and … Read More
Ray Dalio: A Recession Is A Close Call, And It’s Probable
The markets have been on a wild ride lately, and Ray Dalio isn’t surprised. In a recent interview with Bloomberg, he pointed out that everyone’s freaking out about tariffs, but they’re missing the bigger picture: the whole global financial system is looking shaky. “We have imbalances—a lot of debt and … Read More
Li Lu: Top 5 Positions Make Up 93.27% Of His Portfolio (Analysis)
Li Lu’s top 5 positions make up 93.27% of his current portfolio, reflecting a highly concentrated investment strategy. His largest holding, Bank of America (BAC), alone represents 29.31%. Below is an in-depth look at each holding, analyzing position size, value, percentage of portfolio, and recent changes. Bank of America Corp … Read More
VALUE: After Hours (S07 E12): Buyout and venture capital investing in Japan and China: Our trip to Tokyo and Shanghai
In their latest episode of the VALUE: After Hours Podcast, Tobias Carlisle, Jake Taylor discuss: Reflections on Japan: Investing Culture & Net-Nets Capital Allocation & Tokyo Stock Exchange Reforms Buyout Firms in Japan: An Undervalued Opportunity Long-Only and Activist Investors in Japan Cultural Philosophy & Long-Term Thinking Transition to Shanghai: … Read More
Amazon.com, Inc. (AMZN): Our Calculation of Intrinsic Value
As part of a new series, each week we typically conduct a DCF on one of the companies in our screens. This week we thought we’d take a look at one of the biggest names in tech and e-commerce, Amazon.com, Inc. (AMZN). Profile Amazon.com, Inc. is a global leader in … Read More
Weekly Investing Roundup – News, Podcasts, Interviews (04/11/2025)
This week’s best investing news: Howard Marks Memo: Nobody Knows (Yet Again) (OakTree) Francois Rochon: 3 Truths Every Value Investor Should Remember (Meb) Off The Beaten Path (OakTree) Bill Nygren: The S&P 500 has corrected, now what? (Oakmark) Overweight the Mag-7? (Verdad) Ray Dalio on Trump’s tariffs: I agree with … Read More
Indivior PLC (INDV): Is This Deeply Undervalued Stock a Hidden Gem?
As part of our ongoing series here at The Acquirer’s Multiple, each week we focus on one of the stocks from our Stock Screeners, and why it might be a deeply undervalued gem. The stock this week is: Indivior PLC (INDV) Indivior PLC is a global specialty pharmaceutical company focused … Read More
Jim Chanos on Market Fraud: “There’s No Cops on the Beat”
If there’s one thing Jim Chanos isn’t lacking, it’s conviction. The legendary short seller—most famous for calling out Enron long before the collapse—joined On The Tape for a candid, sharp, and often hilarious look at the state of today’s markets, and let’s just say: he’s not bullish. Right off the … Read More
Howard Marks: Tariffs, Turmoil, and Where to Find Opportunities
Howard Marks’ latest memo, “Nobody Knows (Yet Again),” is a stark reminder of how unpredictable the world—especially the economy—can be. Drawing parallels to the 2008 financial crisis and the COVID-19 pandemic, Marks emphasizes that certainty is a luxury we rarely have, especially during upheavals. “There’s absolutely no place for certainty … Read More
10 Worst Performing Large-Caps Last 12 Months
Over the past twelve months ten Large-Cap stocks have underperformed all others. Here’s this week’s top 10 worst performing Large-Caps in the last twelve months: Name 1 Year Price Returns (Daily) Moderna (MRNA) -77.11% Estee Lauder Companies (EL) -64.40% Super Micro Computer (SMCI) -63.81% Albemarle (ALB) -60.05% Microchip Technology (MCHP) … Read More
This Week’s Acquirer’s Multiple FREE U.S Large-Cap Stock Screener Analysis
This week’s large-cap screener covers a wide array of industries, including energy, finance, homebuilding, automobiles, telecommunications, and consumer retail. Among these, sectors like energy, specialty finance, and consumer cyclicals appear to offer the most compelling value based on the Acquirer’s Multiple (AM), a key metric that identifies undervalued companies. Specialty … Read More
Howard Marks: Why Do Investors Repeatedly Make The Same Mistakes?
Howard Marks has long warned of the dangers of short memories in finance. In his memo Hindsight First, Please (or, What Were They Thinking?), he underscores how easily investors repeat mistakes by ignoring history. As Marks puts it, quoting John Kenneth Galbraith, “the extreme brevity of the financial memory” is … Read More
Francois Rochon: How to Profit When Stocks Crash (Even If You’re 100% Invested)
Francois Rochon recently dropped some serious investing gems on the Meb Faber Podcast, and if you’ve ever stressed about market crashes, his perspective is a breath of fresh air. He didn’t sugarcoat it—bear markets are basically a guarantee. “It’s more than very likely—it’s almost 100% sure that there will be … Read More
One Stock Superinvestors Are Dumping: Is It Time to Sell?
As part of the weekly research here at The Acquirer’s Multiple, we’re always interested in superinvestors who hold the same stocks that appear in our Acquirer’s Multiple Stock Screeners, based on their latest 13Fs. Investors such as Warren Buffett, Joel Greenblatt, Carl Icahn, Prem Watsa, Jeremy Grantham, Seth Klarman, Ray … Read More
Bruce Berkowitz: Contrarian Value Investing Lessons
One of my favorite investors to follow is Bruce Berkowitz, founder and portfolio manager of Fairholme Capital Management. In this WealthTrack interview, I’ve pulled out some of his most valuable lessons for investors. First, focus on facts, not fear. As Berkowitz puts it: “The negatives are all uncertainty about the … Read More
David Abrams: Focus on Multiple Future Paths in Investing
David Abrams, Founder of Abrams Capital and former Baupost Group investor, seldom speaks publicly. In a rare interview with Value Investing with Legends, he shared key principles behind his investing strategy. Investing begins with a simple but critical question: “What’s the risk?” As David Abrams explains, the first step is understanding … Read More