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
The Home Depot, Inc. (HD) 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, The Home Depot, Inc. (HD). Profile The Home Depot, Inc. operates … Read More
Weekly Investing Roundup – News, Podcasts, Interviews (01/24/2025)
This week’s best investing news: David Einhorn says we have reached the ‘Fartcoin’ stage of the market cycle (CNBC) Hedge Fund Clients Pulled $7 Billion From Elite Money Manager Since 2021 (Bloomberg) Think smarter, not harder with Howard Marks (Guy Spier) Mohnish Pabrai on His Coal Thesis and the Mental … Read More
Coca-Cola Femsa SAB de CV (KOF): 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: Coca-Cola Femsa SAB de CV (KOF) Coca-Cola Femsa, a subsidiary of Femsa, is the largest … Read More
Solving Tomorrow’s Better Problems
During their recent episode, Taylor, Carlisle, and Jim O’Shaughnessy discussed Solving Tomorrow’s Better Problems. Here’s an excerpt from the episode: Tobias: Well, I think Moore’s Law is kind of interesting because every time we– Not that long ago, Moore’s Law seems to be, which is the shorthand for computing power, … Read More
Howard Marks on Smart vs. Lucky: Lessons for Investors
In this Insight Conversation with Annie Duke, Howard Marks reflects on a key lesson he learned from his early studies in investment: the quality of a decision cannot be judged by its outcome. Success can result from poor decisions, and many investors are often “right for the wrong reasons.” He … Read More
David Einhorn On Memecoins and Market Bubbles
In his latest Q4 2024 Letter, David Einhorn discusses the rise of Fartcoin, a cryptocurrency that surged in value despite lacking intrinsic utility. He compares it to past speculative assets like Dogecoin, which similarly gained value through hype and trading interest. Einhorn argues that cryptocurrencies resemble collectibles such as art … 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) -64.29% Intel (INTC) -54.15% Celanese (CE) -48.57% Walgreens Boots Alliance (WBA) -45.91% Dollar General (DG) -45.65% Enphase … 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
Why Investing Success Demands Embracing Paradox
During their recent episode, Taylor, Carlisle, and Jim O’Shaughnessy discussed Why Investing Success Demands Embracing Paradox. Here’s an excerpt from the episode: Tobias: JT, top of the hour. Do you want to do your veggies? Jake: Yeah. And couldn’t be a better transition, to be honest, as you might find … Read More
Lessons from Warren Buffett: Missing Amazon and Microsoft
In this interview with Andy Serwer, Warren Buffett reflects on his admiration for Jeff Bezos and his remarkable execution of Amazon’s vision, acknowledging that he didn’t foresee its success. He admits to missing investment opportunities like Microsoft but doesn’t regret them as they were outside his circle of competence. Instead, … Read More
Joel Greenblatt: The Simplest Way To Think About Business Valuation
In this interview with Barry Ritholz, Joel Greenblatt defines value investing as determining a business’s worth and paying significantly less, rather than relying on traditional metrics like low price-to-book or price-to-sales ratios. He argues that true value investing focuses on future cash flows and intrinsic business value, not stock market … 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
Jim O’Shaughnessy On Why ‘Two Thoughts’
During their recent episode, Taylor, Carlisle, and Jim O’Shaughnessy discussed Jim’s new book, ‘Two Thoughts‘. Here’s an excerpt from the episode: Tobias: Jim, your new book, which I have a copy of, thanks to you. Thank you very much. I left it wrapped under the tree and then I opened … Read More
Warren Buffett’s Take: Investing in Industries vs. Companies
During this interview with Dr. George Athanassakos and Ivey MBA and HBA students, Warren Buffett discusses the challenges of picking individual pharmaceutical companies due to the uncertainty of future competition. He suggests that investing in a group of pharma companies, if reasonably priced, is a better approach since some drugs will … Read More
Stan Druckenmiller: ‘Animal Spirits’ Are Back In Markets
In his recent interview with CNBC, Stan Druckenmiller discusses the current economic landscape, highlighting low unemployment (4%) and solid GDP growth (3%). He notes a shift from an anti-business administration to a more business-friendly one, leading to increased CEO confidence. While the economy appears strong in the short term, he … 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, Prem Watsa, Jeremy Grantham, Seth Klarman, … Read More
Why More Choices Make You Worse at Deciding
During their recent episode, Taylor, Carlisle, and Jim O’Shaughnessy discussed Why More Choices Make You Worse at Deciding. Here’s an excerpt from the episode: Jim: [laughs] But also, there is that science. We learned this early on with my first company, O’Shaughnessy Capital Management, that we used to have brochures, … Read More
Terry Smith Explains The “Busy Fool Syndrome”
In his book – Investing for Growth, Terry Smith argues that most fund managers prioritize matching their benchmark rather than outperforming it, leading them to become “index huggers” who underperform after fees. He supports Warren Buffett and John Bogle’s view that low-cost index funds are better for most investors. Smith … Read More
Howard Marks: Following the Crowd Will Ruin Your Portfolio
During his recent interview at Chicago Booth, Howard Marks explained how human emotions often lead investors to make poor decisions—buying high when markets are thriving and selling low during downturns. He emphasizes the importance of being contrarian, resisting emotional impulses, and sometimes doing the opposite of the crowd. Marks highlights … Read More
Jeremy Grantham – 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