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
Warren Buffett: If You Have To Closely Follow A Company, You Shouldn’t Own It
In this interview with Andy Serwer, Yahoo Finance Editor-in-Chief, Warren Buffett says, “If you have to closely follow a company you shouldn’t own it!”. Here’s why: Andy Serwer (AS): Let’s talk a little bit about Apple. Everyone always wants to talk about Apple right. It’s kind of the ‘it’ stock, … Read More
The Leapfrog Effect: Fast-Growing Emerging Economies Can Take Advantage Of Technological Advances, Bypassing Traditional Infrastructure Building
During her recent interview with Tobias, Rashmi Kwatra, founder and CIO of Sixteenth Street Capital, discusses ‘The Leapfrog Effect’ – how fast-growing emerging economies can take advantage of technological advances, bypassing traditional infrastructure building. Here’s an excerpt from the interview: Tobias Carlisle: When you are looking at these companies, are … Read More
Bill Nygren: How To Hedge Against The Secular Changes To Traditional Value Investing
In this recent interview with Barron’s Roundtable, famed value investor Bill Nygren discusses how his firm, Oakmark Fund, hedges against the secular changes to traditional value investing. Here’s an excerpt from the interview: Q. You’ve had a great long-term track record, but the last couple of years have been tough. … Read More
How To Discover Compounders In Growth Emerging Markets (GEMs)
During her recent interview with Tobias, Rashmi Kwatra, founder and CIO of Sixteenth Street Capital, discusses how to discover compounders in growth emerging markets (GEMs). Here’s an excerpt from the interview: Tobias Carlisle: So your pitch deck describes Sixteenth Street as a long-term investor in Asian growth markets, and the … Read More
(Ep.37) The Acquirers Podcast: Rashmi Kwatra – Emerging Value, Value In South-East Asian Emerging Markets
Summary In this episode of The Acquirer’s Podcast, Tobias chats with Rashmi Kwatra. She is the founder and CIO of Sixteenth Street Capital, which invests in emerging markets using a Buffett-style approach. During the interview Rashmi provided some great insights into: How To Discover Compounders In Growth Emerging Markets (GEMs) … Read More
Tweedy Browne: Q3 2019 Top 10 Holdings
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
TAM Stock Screener – Stocks Appearing in Dalio, Griffin, Fisher 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, … Read More
This Week’s Best Investing Articles, Research, Podcasts 11/8/2019
Here’s a list of this week’s best investing reads: Illusion of Transparency: Your Poker Face is Better Than You Think (Farnam Street) The Hierarchy of Stock Market Losses (A Wealth of Common Sense) Is Buying Stocks at an All-Time High a Good Idea? (Meb Faber) Einhorn and Musk Go Toe-To-Toe On Twitter (CNBC) … Read More
(Ep.36) The Acquirers Podcast (Bonus): Ian Cassel Interviews Tobias Carlisle
Summary In this episode of The Acquirer’s Podcast Ian Cassel steps into the hosts seat to interview Tobias Carlisle. Ian is the Founder of MicroCapClub and Intelligent Fanatics Capital Management. During the interview Tobias provided some great insights into: What Was The Catalyst For The Acquirer’s Multiple? Why Does Value Under-Perform During Market … Read More
Ray Dalio: The World Has Gone Mad And The System Is Broken
Ray Dalio has just written a great piece on his Linkedin page titled – The World Has Gone Mad And The System Is Broken. In the article he outlines the reasons why he believes the world is approaching a big paradigm shift. It’s a must read for all investors. Here’s … Read More
Is Value Investing A Bet Against Tech?
During his recent interview with Tobias, Jack Forehand, Partner at Validea Capital Management, discusses whether value investing is a bet against tech. Here’s an excerpt from the interview: Tobias Carlisle: And the final argument that you made is that value is a bet against tech, which that certainly seems to … Read More
David Einhorn: The Bear Case For Netflix
In his latest Q3 2019 Shareholder Letter, David Einhorn, discusses how he successfully shorted Netflix, and his ongoing bear case for the company. It provides a great insight into how top investors analyse these companies. Here’s an excerpt from the letter: Our Netflix (NFLX) short was another material contributor as … Read More
Michael Mauboussin: 3 Lessons Investors Can Learn From The Quest To Win The Triple Crown
In 2015, Michael Mauboussin wrote a great paper titled – Triple Crown Teachings, Three Takeaways from the Quest for the Elusive Feat. In the paper he discusses how the quest to win the prestigious Triple Crown provides three great lessons for investors. Here are some excerpts from the paper: “When … Read More
Does Big Data Lead To More Value Traps?
During his recent interview with Tobias, Jack Forehand, Partner at Validea Capital Management, discusses whether big data leads to more value traps. Here’s an excerpt from the interview: Tobias Carlisle: The next point you make, which I think is a an interesting one, big data leads to more value traps, … Read More
Philip Carret: Why Investors Should Avoid Stock Tips
In his great investing book, The Art of Speculation, Philip Carret provided some great insights into why investors should avoid stock tips, saying: If a trader could select the stock which is to be the star performer for the next week or two, take his profit on that and move … Read More
How To Recreate A Buffett Style Portfolio
During his recent interview with Tobias, Jack Forehand, Partner at Validea Capital Management, discusses how to recreate a Buffett style portfolio. Here’s an excerpt from the interview: Tobias Carlisle: Thanks so much for joining me here today. You’re a partner at Validea. Can you just tell me a little bit … Read More
(Ep.35) The Acquirers Podcast: Jack Forehand – Practical Quant, Applied Value, Momentum, And Guru Replication
Summary In this episode of The Acquirer’s Podcast Tobias chats with Jack Forehand. He is a Partner at Validea Capital Management and responsible for the firm’s overall operations and portfolio management. During the interview Jack provided some great insights into: How To Recreate A Buffett Style Portfolio Is The Under-Performance Of … Read More
What Do The Top Value Funds Have in Common?
Over the past two days we posted Part 1, and Part 2 of Morningstar’s three part series on Value Investing. Following is the final part in the series which examines the common themes linking the top value funds during the past several years. Here’s an excerpt from that article: Which … Read More
TAM Stock Screener – Stocks Appearing in Greenblatt, Griffin, Fisher 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, … Read More
This Week’s Best Investing Articles, Research, Podcasts 11/1/2019
Here’s a list of this week’s best investing reads: How to Use Occam’s Razor Without Getting Cut (Farnam Street) The Spectrum of Wealth (Collaborative Fund) Everything You Need to Know About Recessions (A Wealth of Common Sense) This Is What Monetization Of The Debt Looks Like (The Felder Report) The Most Bullish Signal in … Read More