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
David Einhorn’s Take on Why Low-ROE Stocks Deserve Your Attention
In the world of investing, conventional wisdom often tells us to chase high return-on-equity (ROE) businesses. Investors are naturally drawn to companies that boast impressive profit margins and efficient capital allocation. However, as legendary value investor David Einhorn highlighted in his 2006 speech at the Value Investing Congress, there’s a … Read More
The Law of Large Numbers: Mohnish Pabrai’s Warning for Investors
Investing in large, well-established companies may seem like a safe bet. After all, these businesses have survived economic downturns, outcompeted rivals, and generated billions in annual cash flow. Yet, as Mohnish Pabrai astutely observes in Mosaic: Perspectives on Investing, investing in blue-chip giants can be a dangerous trap—one that too … 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) -64.37% Walgreens Boots Alliance (WBA) -55.09% Celanese (CE) -54.04% Intel (INTC) -50.72% Estee Lauder Companies (EL) -49.21% … 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
Big vs. Small: How Business Size Shapes Survival & Success
During their recent episode, Taylor, Carlisle, and Michael Gayed discussed Big vs. Small: How Business Size Shapes Survival & Success. Here’s an excerpt from the episode: Tobias: Michael, we’re at the top of the hour. We usually do this– Jake has some veggies that he’s got a little learnings make … Read More
Warren Buffett: Why Great Investment Opportunities Will Always Exist
Warren Buffett has long been admired for his ability to simplify the complexities of investing. Unlike many on Wall Street who rely on complex financial models and forecasts, Buffett has built his fortune by understanding something much more fundamental—human behavior. His insights, shared during a 2007 Q&A session at the … Read More
Bill Nygren – How To Invest In A Shrinking Large-Cap Universe
What defines a large cap stock? This seemingly straightforward question has taken on new complexity in today’s evolving market. As Bill Nygren pointed out in a recent presentation, “many large businesses are being classified as mid-cap stocks,” fundamentally altering the way investors approach stock selection. At Oakmark, the team has … Read More
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
Are Markets Just a Casino Now?
During their recent episode, Taylor, Carlisle, and Michael Gayed discussed Are Markets Just a Casino Now?. Here’s an excerpt from the episode: Michael: Well, which goes back to why I find the environment disturbing. It’s distorting market signals. It’s distorting– It actually distorts efficiency. It’s like where is capital best … Read More
Warren Buffett: – The Investor’s Equation
In his 1977 Fortune article, How Inflation Swindles the Equity Investor, there’s a section titled – The investor’s equation in which Warren Buffett delivered a sobering analysis of how inflation and valuation affect investment returns. More than four decades later, his insights remain just as relevant. Buffett makes it clear … Read More
Howard Marks: The Investor’s Dilemma: Emotion, Uncertainty, and the Path Forward
Investing, at its core, is not just about financial analysis or understanding market trends—it’s about managing emotions. As Howard Marks aptly put it during a fireside chat at Global Alts Miami 2025, “You can’t be a good investor if your emotions dominate you because then you’ll make the same mistakes … 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
Tech Dominance Is Breaking the Market Cycle
During their recent episode, Taylor, Carlisle, and Michael Gayed discussed Tech Dominance Is Breaking the Market Cycle. Here’s an excerpt from the episode: Michael: No, no, that’s good, actually. So, let’s play with this. Jake: Confirm my priors, please. [laughter] Michael: Right. Misery loves company, especially in podcasts. Okay, let’s … Read More
Warren Buffett: The Cinderella Syndrome in Investing
In his 2000 Berkshire Hathaway Annual Letter, Warren Buffett warned investors about the dangers of speculation and irrational exuberance. Reflecting on the market mania of the late 1990s, he wrote: “The line separating investment and speculation, which is never bright and clear, becomes blurred still further when most market participants … Read More
Terry Smith: The Cornerstone of Smart Investing
In his latest interview with the RWH Podcast, renowned investor Terry Smith reinforced a principle that too many investors ignore: return on capital employed (ROCE). As legendary investor Warren Buffett stated in his 1979 annual report, ROCE is “the single most important measure of performance.” Terry Smith, one of today’s … Read More
Guy Spier – 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 (S07 E05): Michael Gayed on Leading and Lagging Indicators, Small Caps, Inflation, Big Tech
In their latest episode of the VALUE: After Hours Podcast, Tobias Carlisle, Jake Taylor, and Michael Gayed discuss: Tech Dominance Is Breaking the Market Cycle Are Markets Just a Casino Now? Big vs. Small: How Business Size Shapes Survival & Success Luck vs. Skill in Investing: Why There Are No … Read More
Deere & Co (DE) 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, Deere & Co (DE). Profile Deere is the world’s … Read More
Weekly Investing Roundup – News, Podcasts, Interviews (02/07/2025)
This week’s best investing news: Howard Marks: The Idea That the Market Is Always Right Is Crazy (The Market) How DOGE and Trump Can Solve America’s Debt Crisis: Ray Dalio Explains (All In) Jim Chanos on Tariffs, Trump, AI, DeepSeek, China, Risky Markets (Bloomberg) The Humble Investor (Verdad) Fireside with … Read More
FutureFuel Corp (FF): 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’s possibly a deeply undervalued gem. The Stock this week is: FutureFuel Corp (FF) FutureFuel Corp makes and sells diversified chemical products, bio-based fuel products, and … Read More