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
Steven Romick: Growth Can Bail Value Investors Out Of A Lot Of Problems
In his latest interview on WealthTrack, FPA,s Steven Romick discusses a number of topics including how growth stocks can bail value investors out of a lot of problems, but not at any price. Here’s an excerpt from the interview: Romick: We’re value investors. It’s a fuzzy line that separates growth … Read More
Seth Klarman’s Top 10 Holdings (Q1 2021)
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
(Ep.114) The Acquirers Podcast: Gold Value – Gold, Gold Mining, Activism, And Inflation
In this episode of The Acquirers Podcast, Tobias chats with Sean Fieler, CIO of Equinox Partners. During the interview Sean provided some great insights into: Value Investing In Gold Miners Is It Better To Buy Gold Or Gold Miners? The Impact Of Crypto On Gold The Inflation Effect On Gold … Read More
Bill Gurley: The Absurdity Of Today’s Valuations
In his recent discussion with Brad Gerstner at the Sohn Conference, Bill Gurley provided an example of the absurdity of today’s valuations. Here’s an excerpt from the discussion: Gurley: I remember one day you and I were talking about Airbnb and I just did this exam… this little study where … Read More
Stock In Focus – TAM Stock Screener – West Fraser Timber Co. Ltd (NYSE: WFG)
As part of our ongoing series here at The Acquirer’s Multiple, we provide this feature article titled ‘Stock in Focus‘ where we focus on one of the stocks from our Stock Screeners. One of the cheapest stocks in our Stock Screeners is West Fraser Timber Co. Ltd (NYSE: WFG). West Fraser Timber … Read More
How Many Of The Top Companies Will Be Around In 30 Years?
In their recent episode of the VALUE: After Hours Podcast, Taylor, Brewster, and Carlisle discussed How Many Of The Top Companies Will Be Around In 30 Years? Here’s an excerpt from the episode: Tobias: So, the thing that stood out for me, the thing that I enjoyed the most was– because … Read More
This Week’s Best Value Investing News, Research, Podcasts 5/14/2021
Here’s a list of this week’s best investing news: An Age Old ‘Game’ (Jamie Catherwood) I’m Trying To Understand Hedonic Adjustments (Epsilon Theory) David Swensen: The Peter Lynch of Institutional Investing (Morningstar) Weighting on China (Verdad) Investor Taxes and Stock Prices: Threading the Needle! (Aswath Damodaran) The Martian (Scott Galloway) Watch Bill Ackman at the … Read More
This Acquirers Multiple Stock Is Appearing In Greenblatt, Rogers, And Dalio Portfolios
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
Royce: Small-Cap Value Cycle To Continue
The latest piece from Royce Investment Partners discusses why the current small-cap value cycle will continue to last. Here’s an excerpt from the article: Among the most common questions we’re hearing from clients currently is, “Will small-cap value’s recent outperformance last?” While developing a response about any future market direction … Read More
David Booth: Value Stocks Comeback
In his latest interview on MSN, Dimensional’s co-founder David Booth discusses why value investing is not dead, and the value stocks comeback. Here’s an excerpt from the interview: What moves should investors make right now? Booth: If you say, “Well, what about the short term?” — trying to get on … Read More
Creating Cigar-Butts In Deep Value Special Situations Investing
During his recent interview on The Acquirers Podcast with Tobias, Dan Zwirn, CEO of Arena Investors LP discussed Creating Cigar-Butts In Deep Value Special Situations Investing. Here’s an excerpt from the interview: Tobias: And before Arena, what was your focus as an investor? Dan: Before and throughout Arena, it’s always really … Read More
Bill Ackman: You Get The Shareholders You Deserve
During his recent interview with Jamie Heller at the WSJ D.Live Conference, Bill Ackman discussed a number of topics including why companies get the shareholders they deserve. Here’s an excerpt from the interview: Ackman: You get the shareholders you deserve. If you have earnings guidance you’re going to have analysts … Read More
VALUE: After Hours (S03 E18): Warren Buffett’s Berkshire Hathaway Annual Meeting And Transformers
In this episode of the VALUE: After Hours Podcast, Taylor, Brewster, and Carlisle chat about: Key Takeaways From The Berkshire Annual Meeting How Many Of The Top Companies Will Be Around In 30 Years? Which Berkshire Business Would You Sell Off Assuming No Tax Hits? Should You Get Paid For … Read More
One Stock Superinvestors Are Buying Or Holding
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
Holding Multi-Baggers Means 30%, 40%, 50% Drawdowns
In their recent episode of the VALUE: After Hours Podcast, Taylor, Cassel, and Carlisle discussed If You Want To Hold A Multi-bagger, You Have To Hold A Multi-bagger. Here’s an excerpt from the episode: Ian: Just one last one I was just thinking about it. Probably another one that I … Read More
Building A Buffett-Style Money Machine
During his recent interview on The Acquirers Podcast with Tobias, Dan Zwirn, CEO of Arena Investors LP discussed Building A Buffett-Style Money Machine. Here’s an excerpt from the interview: Tobias: How do you think about Arena as a hedge fund? You wouldn’t necessarily define it that way, you think about it … Read More
Cliff Asness: Sticking With Your Strategy When It Gets Really Hard
During the latest Management Conference ’21: Keynote Conversation with Cliff Asness, David Booth, and Eugene F. Fama, AQR’s Cliff Asness discusses the important of sticking with your strategy, especially when it becomes really hard. Here’s an excerpt from the conference: Asness: This is a little depressing and a little wonderful … Read More
One Stock Superinvestors Are Selling
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
Modern Ben Graham Investing
During his recent interview on The Acquirers Podcast with Tobias, Dan Zwirn, CEO of Arena Investors LP discussed Modern Ben Graham Investing. Here’s an excerpt from the interview: Tobias: Arena operates businesses as well, so how do you characterize Arena as an investor? Dan: Well, we just characterize it as an … Read More
The Calendar Portfolio
In their recent episode of the VALUE: After Hours Podcast, Taylor, Cassel, and Carlisle discussed The Calendar Portfolio. Here’s an excerpt from the episode: Tobias: I have done a little bit of testing in that space, just because I’m interested in what happens if I just buy the list of … Read More