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
Occidental Petroleum Corporation (OXY): Our Calculation of Intrinsic Value
As part of our ongoing series, each week we typically conduct a DCF on one of the companies in our screens. This week, we’re analyzing a U.S.-based energy giant that’s been in the spotlight for its strategic investments and Buffett-backed appeal — Occidental Petroleum Corporation (OXY). Profile Occidental Petroleum Corporation … Read More
Weekly Investing Roundup – News, Podcasts, Interviews (07/11/2025)
This week’s best investing news: Mohnish Pabrai’s Session with SumZero (MP) Jeremy Grantham: How to predict a stock market bubble (MI) Fundsmith 2025 Semi Annual Letter to Shareholders (FS) Jonathan Satovsky Interviews Joel Greenblatt (Satovsky) Making the Most of Market Volatility (Verdad) Ken Fisher – What Comes Next for US … Read More
Cogeco Inc (CGO.TO): 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: Cogeco Inc. (CGO.TO) Cogeco Inc. is a Canadian telecommunications and media company … Read More
VALUE: After Hours (S07 E23): Margin of Safety vs Momentum
During their recent episode, Taylor, Carlisle, and Zeke Ashton discussed Margin of Safety vs Momentum. Here’s an excerpt from the episode: Jake: One thing that friend of the show Chris Bloomstran does that I always thought was pretty clever, is when he’s selling something, he will leave a small token … Read More
Howard Marks: Why Long-Term Investors Must Rely on Skill, Not Chance
In his book Mastering the Market Cycle, Howard Marks dedicates an entire chapter to Cycle Positioning. He explains, “Successfully positioning a portfolio for the market movements that lie ahead is dependent on what you do (turning aggressive or defensive) and when you do it (based on a superior understanding of what cycles … Read More
Bill Nygren: How We Navigated 2025’s Shortest Bear Market Ever
In the second quarter of 2025, the U.S. equity market experienced one of the shortest and most volatile bear markets in history. As Bill Nygren of Oakmark reflects in his latest Q2 2025 Market Commentary. “Never waste the opportunity offered by a good crisis.” The S&P 500’s dramatic swings—from a 4% … Read More
Joel Greenblatt’s Top Portfolio Trims: Life Sciences, Utilities, and Ad Tech See Deep Cuts
Each week, we unpack the latest high-conviction trades from legendary investors — revealing what they’re doubling down on, cutting loose, or quietly walking away from. In the most recent quarter, Joel Greenblatt — famed value investor and author of The Little Book That Beats the Market — made a series … Read More
VALUE: After Hours (S07 E23): Selling, Round-Trips, and Behavioral Tactics
During their recent episode, Taylor, Carlisle, and Zeke Ashton discussed Selling, Round-Trips, and Behavioral Tactics. Here’s an excerpt from the episode: I’ll just share one of them with you just because I think it might be instructive for some people is I have a terrible fear of round tripping ideas. … Read More
Vitaliy Katsenelson: Learning From Your Mistakes
In this Q&A session, Vitaliy Katsenelson was asked about his biggest errors over the past five years. His response: “I would argue like the obvious one—my cable stocks so far have been capital misallocation,” he admitted. He still holds hope that the thesis will eventually play out, but added, “At … Read More
Joel Greenblatt: Most Investors Sabotage Themselves By Chasing Performance
In this interview with Jonathan Satovski on the Wisdom, Wealth, and Wellness Podcast, Joel Greenblatt discusses a number of topics including patience, discipline, and the behavioral pitfalls that trip up even the smartest investors. The core lesson? “The more you know, the less hard it is to stick with it. … Read More
This Week’s Acquirer’s Multiple FREE U.S Large-Cap Stock Screener Analysis
As part of our ongoing series here at The Acquirer’s Multiple, we provide a comprehensive analysis of this week’s FREE U.S Large-Cap Stock Screener. This week’s large-cap value screener highlights a concentrated mix of high-cash-flow opportunities across a range of cyclical and defensive sectors. Energy and natural resources feature prominently, … Read More
VALUE: After Hours (S07 E23): The Four Controllables in Investing
During their recent episode, Taylor, Carlisle, and Zeke Ashton discussed The Four Controllables in Investing. Here’s an excerpt from the episode: Zeke: So, Toby, coming back to the investment process, I do want touch one thing with the few minutes of time we have left. This was something that I … Read More
The Black Swan and Our Fatal Blindness to the Unexpected
One of my favorite investing-related books is The Black Swan: The Impact of the Highly Improbable by Nassim Nicholas Taleb. Recommended by both Jeff Bezos and Bill Gates, it offers a sharp, irreverent, and sweeping meditation on how rare, unpredictable events shape our world far more than the tidy stories … Read More
Terry Smith: H1 2025 Performance – Winners, Losers, and What’s Next
Terry Smith’s mid-year letter for the Fundsmith Equity Fund opens with a direct assessment of performance. In a period marked by underperformance relative to the MSCI World Index, Smith offers investors a characteristically clear update: “Our Fund fell 1.9% in the first six months of the year,” while “the MSCI … Read More
Why Top Investors Are Buying Charles Schwab (SCHW)
In the most recent quarter, several high-profile institutional investors made meaningful additions to their Charles Schwab (SCHW) positions, signaling renewed confidence in the brokerage giant’s long-term prospects. Despite the evolving macro backdrop and pressures in the financial sector, SCHW appears to be regaining favor among value-oriented managers and diversified funds. … Read More
VALUE: After Hours (S07 E23): The Post-Value Era and Buffett’s Legacy
During their recent episode, Taylor, Carlisle, and Zeke Ashton discussed The Post-Value Era and Buffett’s Legacy. Here’s an excerpt from the episode: Tobias: I see. Jake: We didn’t do that. Zeke: No, we didn’t. [Jake laughs] So, Ashton Capital is the name of the firm. But yeah, great to be … Read More
Guy Spier: You Really Give Up A Lot By Trying To Find Cheap Businesses
In a recent interview with The Investor’s Podcast, Guy Spier opened up about his philosophy—not just on investing, but on life. “I am alive,” he began with a smile, “and I’m glad to be on a podcast with you.” Spier recounted his journey to investing in The Economist, a private … Read More
Monish Pabrai on Berkshire Hathaway, Big Tech, and Betting on Coal
In a recent interview with SumZero, legendary value investor Monish Pabrai shared his thoughts on markets, leadership, and his unconventional bets on commodities. Pabrai views Berkshire Hathaway as a superior alternative to passive investing, especially in today’s market. “Given Berkshire’s large cash position, modest valuation, [and] relatively young leader, it’s … Read More
Prem Watsa’s Top 5 Positions Make Up 70.81% Of His Portfolio
Prem Watsa’s top 5 U.S.-listed equity positions, as disclosed in his latest 13F filing, make up an outsized 70.81% of that portfolio — reflecting a conviction-driven strategy anchored in deep value, hard assets, and long-term compounding. His largest U.S. holding, Orla Mining Ltd (ORLA), alone comprises over 28%. Below is … Read More
VALUE: After Hours (S07 E23): Zeke Ashton on Buffett, the Post-Value Era, UnitedHealth $UNH and his Four Decision Factors
In their latest episode of the VALUE: After Hours Podcast, Tobias Carlisle, Jake Taylor, and Zeke Ashton discuss: The Post-Value Era and Buffett’s Legacy The Four Controllables in Investing Selling, Round-Trips, and Behavioral Tactics Margin of Safety vs Momentum Narratives, Flows, and Broken Markets Mispriced Small-Caps and Market Structure Patience, Repricing, and … Read More