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
Mohnish Pabrai: The Evolution and Erosion of Moats
In his book The Dhandho Investor, Mohnish Pabrai explains how a business’s hidden moat, or competitive advantage, can often be identified through its financial statements. Businesses with strong moats generate high returns on invested capital, as seen in examples like Chipotle, which reinvests profits to fuel exponential growth. Pabrai draws … Read More
Li Lu: Markets Are Designed To Catch Human Weaknesses
In this CCBC Fireside Chat with Bruce Greenwald, Li Lu discusses the importance of understanding businesses deeply, drawing inspiration from Ben Graham’s concept of Mr. Market. He warns that financial markets can be volatile and are designed to exploit human weaknesses. Investors who lack true understanding will eventually face losses, … 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) Walgreens Boots Alliance (WBA) -53.01% Moderna (MRNA) -45.62% Celanese (CE) -44.52% Intel (INTC) -44.22% Humana (HUM) -41.69% Dollar Tree … Read More
Which Superinvestors Hold Acquirer’s Multiple Stocks?
Part of the weekly research here at The Acquirer’s Multiple features some of the top picks from our Stock Screeners and some top investors who are holding these same picks in their portfolios. Investors such as Warren Buffett, Joel Greenblatt, Carl Icahn, Prem Watsa, Jeremy Grantham, Seth Klarman, Ray Dalio, and … Read More
Overachiever’s Dilemma: Rest, Injury, and Staying Consistent
During their recent episode, Taylor, Carlisle, and Phil Pearlman discussed Overachiever’s Dilemma: Rest, Injury, and Staying Consistent. Here’s an excerpt from the episode: Tobias: When you’re listening to this feedback a little bit more from your body, how do you balance that with– We’ve all got an inner bitch that … Read More
Warren Buffett: Most of My Capital-Allocation Decisions Have Been No Better Than So-So
In his 2022 Berkshire Hathaway Annual Letter, Warren Buffett reflects on his mistakes and successes over 58 years of managing Berkshire Hathaway. He acknowledges that most of his capital-allocation decisions have been average, with a few standout successes and some bad decisions salvaged by luck. Buffett highlights the dual nature … Read More
David Einhorn: Where to Find Value in Today’s Expensive Market
During his recent interview with CNBC, David Einhorn acknowledges that the current stock market as the most expensive he’s seen, with many companies overvalued. However, he isn’t outright bearish, as overpriced markets can persist for extended periods, citing past examples like negative interest rates. While he doubts this is an … Read More
The One Stock That 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 13F’s. Investors such as Warren Buffett, Joel Greenblatt, Carl Icahn, Prem Watsa, Jeremy Grantham, Seth Klarman, Ray … Read More
Stupid Simplicity: Four Pillars of Health and Wellness
During their recent episode, Taylor, Carlisle, and Phil Pearlman discussed Stupid Simplicity: Four Pillars of Health and Wellness. Here’s an excerpt from the episode: Tobias: Let’s just start with the health program. What’s your philosophy about getting healthy, staying healthy? What are the big muscle movements that people can do … Read More
Joel Greenblatt: Why Buying “Cheap” and “Good” Stocks Is a Winning Strategy
In this interview with the RWH Podcast, Joel Greenblatt explains the core idea behind his investment strategy in The Little Book, emphasizing a simple approach of using basic metrics for identifying “cheap” and “good” stocks. He tested this method, combining these metrics into a portfolio, and it proved successful. Greenblatt acknowledges … Read More
Mohnish Pabrai: The All-In Investing Mindset: Lessons from Entrepreneurs
During this Q&A session with Columbia Business School, Mohnish Pabrai highlights the all-in mentality of entrepreneurs, such as a first-generation Chinese couple opening a restaurant, who invest nearly all their money and time into their ventures. This scenario mirrors millions of U.S. entrepreneurs, who rarely consider diversification yet sleep soundly … Read More
The Undervalued Stock That 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
Fitness Alpha: Unlocking Outperformance Through Health and Well-Being
During their recent episode, Taylor, Carlisle, and Phil Pearlman discussed Fitness Alpha: Unlocking Outperformance Through Health and Well-Being. Here’s an excerpt from the episode: Tobias: I like the idea of mind and body being one. I just wanted you to talk a little bit about the idea of how that … Read More
Warren Buffett: Every Company Needs an Owner’s Manual
During the 2004 Berkshire Hathaway Annual Meeting, Warren Buffett discussed his approval of Google’s adoption of a communication style inspired by Berkshire Hathaway’s Owner’s Manual. He emphasizes the importance of companies being transparent with their investors about their principles and operational approaches. Buffett believes this straightforwardness builds trust, akin to what … Read More
Howard Marks: Second-Level Thinking Separates Good Investors from Great Ones
In this interview with Global Money Talks, Howard Marks reflects on key investment lessons he learned early in his career. In the 1970s, he realized that no asset is so exceptional that it justifies an unlimited price. Regardless of quality, every asset has a fair value, and overpaying can lead … Read More
Jeremy Grantham – Top 10 Holdings – Latest 13F
One of the best resources for investors are the publicly available 13F-HR documents that each fund is required to submit to the SEC. These documents allow investors to track their favorite superinvestors, their fund’s current holdings, plus their new buys and sold out positions. We spend a lot of time … Read More
VALUE: After Hours (S06 E43): Fitness Alpha, Health, Enlightenment and Markets with Phil Pearlman, Pearl Institute
In their latest episode of the VALUE: After Hours Podcast, Tobias Carlisle, Jake Taylor, and Phil Pearlman discuss: Fitness Alpha: Unlocking Outperformance Through Health and Well-Being Stupid Simplicity: Four Pillars of Health and Wellness Overachiever’s Dilemma: Rest, Injury, and Staying Consistent How Bacterial Mutation Informs Investment Strategy What Simone Biles … Read More
American Express Co (AXP) DCF Valuation: Is The Stock Undervalued?
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 stocks that is not currently in our screens, American Express Co (AXP). Profile American Express is a … Read More
This Week’s Best Value Investing News, Podcasts, Interviews (11/22/2024)
This week’s best investing news: Oaktree’s Howard Marks on China Opportunities, Trump’s Cabinet, Market Sentiment (Bloomberg) Mohnish Pabrai’s Guest Lecture at UNO’s Maverick Investment Club (MP) Cliff Asness on the “Less Efficient Market Hypothesis” (Excess Returns) Shorting Credit (Verdad) Interview with Oakmark’s Bill Nygren (Inside Active) The Value Perspective with … Read More
Dillard’s Inc (DDS): Is It a Buy? – Acquirer’s Multiple Stock Screener Analysis
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’s a ‘buy’ based on key fundamentals. One of the cheapest stocks in our Stock Screeners is: Dillard’s Inc (DDS) Dillard’s Inc is an American fashion apparel, cosmetics, … Read More