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
Michael Burry: Case Study: The Importance Of Following Your Own Rules
In his March 29, 2001 Journal Entry, Michael Burry discusses two examples of when he failed to follow his own rules that cost him. Here’s an excerpt from the entry: Investment managers are bound to be wrong many, many times in their lives. This is a business of managing emotion … Read More
Seth Klarman: You Aren’t Human If You Aren’t Scared You’ve Made A Gigantic Mistake When Purchasing A Stock
In his 1997 Baupost Group Letter, Seth Klarman says you aren’t human if you aren’t scared you’ve made a gigantic mistake when purchasing a stock. Here’s an excerpt from the letter: In investing, nothing is certain. The best investments we have ever made, that in retrospect seem like free money, … 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, Jim Simons, Prem Watsa, Jeremy Grantham, … Read More
Beyond Fix and Flip: Embracing Buy & Hold Investing for Sustainable Real Estate Profits
During their latest episode of the VALUE: After Hours Podcast, Taylor, Carlisle, Kagan, and Bennett discussed Beyond Fix and Flip: Embracing Buy & Hold Investing for Sustainable Real Estate Profits. Here’s an excerpt from the episode: Moses: Yeah, absolutely. So, I guess maybe to differentiate the way that we’ve done … Read More
Michael Mauboussin: The Emotional Toll of Investing in Superstar Companies: Can You Handle the Drawdowns?
During his recent interview on the Money Maze Podcast, Michael Mauboussin discussed the qualities of superstar companies and the challenges of finding them. He noted that many of these companies have undergone substantial drawdowns at some point, and how it can be very difficult for investors to stay the course … Read More
Howard Marks: The Tide Is Going Out: Are You Prepared for a Recession?
During his latest Insight Conversation, Howard Marks explains why the tide is going out and the unusually ‘easy’ period for risk-taking is over. Here’s an excerpt from the conversation: The short answer is very simple. In the 10 years you’re talking about, Anna, 2010 through 2019, it was an easy … Read More
Glenn Greenberg – 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 (S05 E43): ReSeed’s Moses Kagan and Rhett Bennett on Real Estate and Property
In their latest episode of the VALUE: After Hours Podcast Jake Taylor, Tobias Carlisle, Moses Kagan, and Rhett Bennett discuss: Beyond Fix and Flip: Embracing Buy & Hold Investing for Sustainable Real Estate Profits Real Estate Distress Cycle: A Buying Opportunity for Investors The Power of Innovation: How State Farm … Read More
The Walt Disney Co (DIS) 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 are not currently in our screens, The Walt Disney Co (DIS). Profile Walt Disney owns … Read More
This Week’s Best Value Investing News, Podcasts, Interviews (11/24/2023)
This week’s best investing news: The Insight: Conversations – Full Return World with Howard Marks and Armen Panossian (OakTree) Bridgewater’s Ray Dalio: U.S. nearing ‘inflection point’ where our debt problem could get even worse (CNBC) Pzena investment Management Podcast: The Active Value Advantage (Pzena) David Einhorn Turns Bullish On Gold … Read More
Why Alphabet Inc Stock Is 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: Alphabet Inc (GOOGL) Alphabet is a holding company. Internet media giant … Read More
Use Twitter To Make Money Trading Panic
During their latest episode of the VALUE: After Hours Podcast, Taylor, Carlisle, and Dillian discussed Use Twitter To Make Money Trading Panic. Here’s an excerpt from the episode: Tobias: So, Jared, if you’re looking across any number of asset classes, what draws your attention? What sort of anomaly or anomalous … Read More
Charles Munger: Berkshire’s Success: The Constructive Peculiarities of Buffett and the Berkshire System
In his Special Letter titled Vice Chairman’s Thoughts – Past and Future, Charles Munger discusses Berkshire’s success, emphasizing that while luck played a role, the heavy lifting was done by the constructive peculiarities of Buffett and the Berkshire system, along with the unwavering devotion of shareholders. These factors combined to … Read More
François Rochon: Owner’s Earnings: The Key to Investing Success
In his recent interview with Compounding Quality, François Rochon believes that stock prices tend to follow the Owner’s Earnings of a company in the long term. Owner’s Earnings is a measure of the intrinsic value of a company that is calculated by adding the growth in earnings per share (EPS) … Read More
This Acquirers Multiple Stock Is Undervalued, According to Simons, Asness, And Greenblatt
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, Jim Simons, Prem Watsa, Jeremy Grantham, Seth Klarman, Ray Dalio, … Read More
Bull Steepener: The Trade That Fixes Everything
During their latest episode of the VALUE: After Hours Podcast, Taylor, Carlisle, and Dillian discussed Bull Steepener: The Trade That Fixes Everything. Here’s an excerpt from the episode: Jake: The bear steepener. Tobias: -the bear steepener, yeah, where the 10-year rises rather than the front end coming down. So, I … Read More
Michael Burry: Investors Have To Go Where Inefficiency Reigns And Risk Is Uncoupled From Reward
In his August 2000 Journal Entry, Michael Burry concludes that the competitive advantage rests with those investors who can go where inefficiency reigns and risk is uncoupled from reward — beyond the quarterly and/or yearly performance mandate. Here’s an excerpt from the entry: Before I get to today’s pick, let … Read More
Seth Klarman: The True Test of Consistent Investment Performance: Thriving in Difficult Times
In his 1995 Baupost Group Letter, Seth Klarman concluded that it is not possible to reliably predict when difficult times will occur and that the cost of performing well in bad times can mean relative underperformance in good times. Here’s an excerpt from the letter: Dangerous lessons are being learned … Read More
10 Big-Name Stocks Near 52-Week Lows: Are They A Buy?
Over the past twelve months a number of big named companies have been near or below their 52 week low price. Each week we’ll take a look at some of the biggest names currently close to their 52 week lows: Symbol Name Price $ 52 Week Low $ JNJ Johnson … 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, Jim Simons, Prem Watsa, Jeremy Grantham, Seth … Read More