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
Walmart Inc. (WMT): 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 stocks that is not currently in our screens, Walmart Inc. (WMT). Profile Walmart Inc. is the world’s … Read More
Weekly Investing Roundup – News, Podcasts, Interviews (04/18/2025)
This week’s best investing news: An Interview with Ray Dalio (Bloomberg) Jim Chanos on Who’s Getting Caught Swimming Naked (Odd Lots) Pabrai Wagons Fund Semi Annual Investor Call Replay March 2025 (One Foot) Michael Steinhardt – In His Own Words (MicroCapClub) A Historical Analysis of Tariffs (Verdad) Einhorn Says Tariffs … Read More
Equinor ASA (EQNR): 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: Equinor ASA (EQNR) Equinor is a Norwegian multinational energy company engaged in … Read More
VALUE: After Hours (S07 E12): 996 Work Ethic and Build Speed in China
During their recent episode, Taylor and Carlisle discussed 996 Work Ethic and Build Speed in China. Here’s an excerpt from the episode: Jake: Yeah. What do you think about this concept of 9-9-6 that we kept hearing about? Tobias: Well, I think the Chinese are real capitalists and they’re very, … Read More
How Prem Watsa Built Fairfax While Missing FAANG
Prem Watsa’s 2019 shareholder letter isn’t just a business update—it’s a clear example of long-term investing and disciplined growth in action. Fairfax earned a record $2 billion, with book value up 14.8%, and yet Watsa remains humble and focused: “We are working on it!” he writes, referring to the still-recovering … Read More
Best Takeaways From The 1994 Berkshire Hathaway Letter
Just re-read the 1994 Berkshire Hathaway Annual Letter—Buffett’s full of sharp, clear-eyed takes on investing and leadership. I pulled out a few of the best takeaways. “A fat wallet is the enemy of superior investment results,” he wrote, acknowledging that Berkshire Hathaway’s growing size made it harder to find needle-moving … 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) -74.29% Super Micro Computer (SMCI) -62.85% Estee Lauder Companies (EL) -59.20% Charles River Laboratories (CRL) -55.10% Microchip … Read More
This Week’s Acquirer’s Multiple FREE U.S Large-Cap Stock Screener Analysis
Here’s this week’s Acquirer’s Multiple FREE U.S Large-Cap Stock Screener Analysis: This week’s large-cap screener covers a diverse range of industries, including energy, finance, metal mining, telecommunications, healthcare, semiconductors, consumer retail, and electronics & entertainment. The market reflects a mix of undervalued opportunities, particularly in Integrated Oil and Gas Exploration … Read More
VALUE: After Hours (S07 E12): China: No More Credit Card Payments
During their recent episode, Taylor and Carlisle discussed China: No More Credit Card Payments. Here’s an excerpt from the episode: Tobias: Well, we walked along the river. Jake: The Bund? Tobias: Is that the one? It was the Bund? Jake: Yeah. Yeah. Tobias: And our host said this was a … Read More
Warren Buffett: Why Investors Should Ignore Wall Street Projections
At the 2011 Berkshire Hathaway Annual Meeting, Warren Buffett and Charlie Munger reminded everyone why they’re value investing legends. In their signature no-nonsense style, they talked about what really matters when evaluating a business—and it’s not the slick projections investment bankers love to push. Buffett put it plainly when asked … Read More
Mohnish Pabrai: Still Finding Undervalued Opportunities Today
In the latest Semi-Annual call for the Pabrai Wagons Fund, Mohnish Pabrai didn’t sugarcoat the recent portfolio drawdown. Instead, he offered insights into long-term thinking. “We’ve had a significant drawdown in the fund in the last few weeks,” he admitted, but quickly reframed the conversation: “You can only optimize for … 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 13F’s. Investors such as Warren Buffett, Joel Greenblatt, Carl Icahn, Prem Watsa, Jeremy Grantham, Seth Klarman, Ray … Read More
VALUE: After Hours (S07 E12): China’s Tech Leap: Phones, TVs, and EVs
During their recent episode, Taylor and Carlisle discussed China’s Tech Leap: Phones, TVs, and EVs. Here’s an excerpt from the episode: Jake: So, we should talk about our why we trip then while we’re getting into this. I think we both came away feeling like China has passed the US … 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