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

Restoration Hardware’s Recent Earnings Call

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During their recent episode of the VALUE: After Hours Podcast, Taylor, Brewster, and Carlisle discussed Restoration Hardware’s Recent Earnings Call. Here’s an excerpt from the episode: Bill Brewster: I’m fine to talk. I thought Restoration Hardware, I was just saying, I listened to a call yesterday, it was just a … Read More

This Week’s Best Investing Articles, Research, Podcasts 4/10/2020

Johnny HopkinsValue Investing NewsLeave a Comment

Here’s a list of this week’s best investing reads: Coronavirus and Credibility (Paul Graham) No, This is Not the Great Depression (The Irrelevant Investor) The 6 Commandments of Value Investing (Vitaliy Katsenelson) The Relationship Between Earnings and Bear Markets (A Wealth of Common Sense) The Shock Cycle (Collaborative Fund) Unlikely Optimism: The Conjunctive Events Bias (Farnam … Read More

One Stock Superinvestors Are Buying (7)

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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

Bill Ackman: Top Buys, Top Sells (Q4 2019)

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

Howard Marks: Waiting For The Market Bottom Is Folly

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Howard Marks has written yet another memo recently titled Calibrating in which he discusses his views on why investors should consider a change in their portfolio’s positioning over time, in response to what’s going on in the current environment saying: As the environment becomes more precarious, (with prices high, risk … Read More

Value Portfolio Upgrade

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During their recent episode of the VALUE: After Hours Podcast, Taylor, Brewster, and Carlisle discussed the Value Portfolio Upgrade. Here’s an excerpt from the discussion: Tobias Carlisle: Let’s move on to another finance related topic, I guess this months up. Jake Taylor: Toby, you’re up. Bill Brewster: Oh, peanut butter. … Read More

Beware Of Companies With Complicated Accounting Policies

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During his recent conversation with Tobias, Stephen Clapham, founder of Behind The Balance Sheet, discussed the need to beware of companies with complicated accounting policies. Here’s an excerpt from the interview: Tobias Carlisle: Let’s talk about an individual name, or a few. Are you familiar with Tesla? Stephen Clapham: Oh, I don’t … Read More

David Tepper: Top 10 Holdings (Q4 2019)

Johnny HopkinsDavid TepperLeave 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

Blowups In Hedge Fund Hotels

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During their recent episode of the VALUE: After Hours Podcast, Taylor, Brewster, and Carlisle discussed Blowups In Hedge Fund Hotels. Here’s an excerpt from the discussion: Tobias Carlisle: Well, let’s do the next topic because we’re about a third away through. Do you want to jump on it, Bill? Bill … Read More

Quick Ways To Spot Company Frauds Or Manipulations

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During his recent conversation with Tobias, Stephen Clapham, founder of Behind The Balance Sheet, discussed Quick Ways To Spot Company Frauds. Here’s an excerpt from the interview: Tobias Carlisle: When you’re examining companies … so you’re a detailed analyst. You invest both long and short. When you are looking at them, … Read More

Oaktree: This Shock Will Lead To Further Price Dislocation, Which Should Expand The Number Of Stocks That Enter “Value” Territory

Johnny HopkinsOaktree Capital ManagementLeave a Comment

Here’s a edited excerpt from a March 11 conversation among Oaktree’s chief product officer and a trio of portfolio managers titled – Special Edition: Risks And Opportunities In EM Amid A Global Slowdown, in which they discuss the best opportunities and associated risks of investing in emerging markets today. Here’s … Read More

(Ep.61) The Acquirers Podcast: Stephen Clapham – CSI: Financials, Financial Accounting, And Financial Statement Shenanigans

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In this episode of The Acquirer’s Podcast Tobias chats with Stephen Clapham, the founder of Behind The Balance Sheet, which provides research, forensic accounting training courses, and consultancy for professional analysts and private investors. During the interview Stephen provided some great insights into: Some Quick Ways To Spot Company Frauds … Read More