Introducing Acquirers Funds®

Tobias CarlisleStock Screener6 Comments

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

This Week’s Best Investing Articles, Research, Podcasts 10/30/2020

Johnny HopkinsValue Investing NewsLeave a Comment

Here’s a list of this week’s best investing reads: The Great Equalizer (Verdad) Oh No, Here It Comes Again, That Funny Feeling (Epsilon Theory) Descriptions Aren’t Prescriptions (Farnam Street) Tobias Carlisle – Diamonds In The Rough (Premium) (Real Vision) Making an Impact (Jamie Catherwood) Who Owns the Stock Market? (Irrelevant Investor) ‘Our Recent Performance Sucks.’ … Read More

Thematic Investing

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During their recent episode of the VALUE: After Hours Podcast, Taylor, Brewster, and Carlisle discussed Thematic Investing. Here’s an excerpt from the episode: Bill: So, I’ve been spending a lot of time thinking about some of what I perceive to have worked recently, what people missed. I guess that I … Read More

Bill Nygren: The Right Time To Sell A Stock

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In the latest Graham and Doddsville Newsletter there’s a great interview with Bill Nygren in which his discusses a number of topics including the reasons to sell a stock. Here’s an excerpt from the newsletter: G&D: What is your approach to selling? Nygren : I’ve always thought that the reason … Read More

AQR: Ways To Improve Your Active Risk

Johnny HopkinsCliff AsnessLeave a Comment

In their latest paper titled – Was That Intentional? Ways to Improve Your Active Risk, the team at AQR discuss a number of intentional and unintentional active risks, and how investors can improve their active risk saying: Investors try to outperform their strategic asset allocation benchmarks by taking active risks. … Read More

$CVNA Disrupting The Used Car Industry

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During his recent interview with Tobias, Joe Frankenfield, Portfolio Manager at Saga Partners, discussed $CVNA Disrupting The Used Car Industry. Here’s an excerpt from the interview: Tobias: Let’s talk about Carvana a little bit because that is one that is a little bit more controversial. I don’t follow it closely, but … Read More

Streaming Wars And The Future Of $CMCSA

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During their recent episode of the VALUE: After Hours Podcast, Taylor, Brewster, and Carlisle discussed Streaming Wars And The Future Of $CMCSA. Here’s an excerpt from the episode: Tobias: What’s your topic segue onto the– Who does this hurt? So, if Netflix and Disney both win, who gets bloodied in … Read More

One Stock Superinvestors Are Selling

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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, Jim Simons, Prem Watsa, Jeremy Grantham, Seth … Read More

One Stock Superinvestors Are Buying Or Holding

Johnny HopkinsStock ScreenerLeave a Comment

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, Jim Simons, Prem Watsa, Jeremy Grantham, … Read More

Loeb’s Mickey Mouse Activism $DIS

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During their recent episode of the VALUE: After Hours Podcast, Taylor, Brewster, and Carlisle discussed Loeb’s Mickey Mouse Activism $DIS. Here’s an excerpt from the episode: Tobias: All right, let’s talk a little bit about Disney. Dan Loeb, fearsome activist, used to write the nasty letters, as we’ve discussed previously, … Read More

Catching Compounders’ Inflection Point

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 During his recent interview with Tobias, Joe Frankenfield, Portfolio Manager at Saga Partners, discussed Catching Compounders’ Inflection Point. Here’s an excerpt from the interview: Tobias: Well, let’s talk a little bit about the strategy. So, I read through your papers, would it be fair to say you’re looking for high-quality … Read More

Bill Ackman’s Top 10 Holdings (Q3 2020)

Johnny HopkinsBill AckmanLeave a Comment

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

(Ep.89) The Acquirers Podcast: Joe Frankenfield – Value Saga: Concentrated High-Growth Value Investing

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In this episode of The Acquirers Podcast Tobias chats with Joe Frankenfield, Portfolio Manager at Saga Partners. During the interview Joe provided some great insights into: Catching Compounders On Their Inflection Point Post IPO $TTD Focusing Only On The “Buy Side” Of Online Advertising Demand $CVNA Disrupting The Used Car … Read More

Mark Leonard: Dealing With Potential Investments That Don’t Quite Meet Your Hurdle Rate

Johnny HopkinsMark LeonardLeave a Comment

In the 2017 Constellation Software President’s Letter, Mark Leonard discussed his process for dealing with potential investments that don’t quite meet their hurdle rate. Here’s an excerpt from that letter: Maintaining Investment Discipline: I recently worked on a large transaction. With every day that passed, I could feel my commitment … Read More