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: How Fisher’s Scuttlebutt Method Changed My Life
During the 1998 Berkshire Hathaway meeting, Warren Buffett was asked about his use of Fisher’s scuttlebutt method: ” When you’ve identified a business that you consider to warrant further investigation — more intense investigation — how much time do you spend commonly, both in terms of total hours and in … Read More
Stock In Focus – TAM Stock Screener – Louisiana-Pacific Corporation (NYSE: LPX)
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 Louisiana-Pacific Corporation (NYSE: LPX). Louisiana-Pacific is primarily an oriented strand … Read More
This Week’s Best Value Investing News, Research, Podcasts 12/4/2020
Here’s a list of this week’s best investing news: Value Investing: A History (Jamie Catherwood) How To Think For Yourself (Paul Graham) Beyond Yield (Verdad) Russian Nesting Deals (Epsilon Theory) Five Lessons From Dave Chappelle (Stratechery) Explore Or Exploit? How To Choose New Opportunities (Farnam Street) Game Theory (Humble Dollar) Keith McCullough On The Power Of Betting … Read More
Horsebetting – Crist Is The GOAT On Value
During their recent episode of the VALUE: After Hours Podcast, Taylor, Brewster, and Carlisle discussed Horsebetting – Crist Is The GOAT On Value. Here’s an excerpt from the episode: Bill: Yeah, a little bit. Actually, I’m going to mess it up. Michael Mauboussin. Mabo-sinn? Maba-ssan? What? I don’t know. Whatever. … Read More
Tweedy Browne: If History Is Any Indicator Value Is Set To Rebound
In their latest 2020 Semi-Annual Report, Tweedy Browne provides some great insights into why if history is any indicator value investing is set to rebound, should active managers ‘chase the puck’ or stick with their disciplines, and signs of speculative excess – Tesla and Day Traders. Here’s some excerpts from … Read More
Acquirer’s Multiple Stock $INTC Appearing In Einhorn, Greenblatt, Grantham 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
VALUE: After Hours (S02 E47): Investors Be Thankful, Horsebetting, And Buffett’s Hitting Coach Munger
In this episode of the VALUE: After Hours Podcast, Taylor, Brewster, and Carlisle chat about: Horsebetting – Crist Is The GOAT On Value Investors Be Thankful Buffett’s Hitting Coach Munger U.S Lottery Ticket Winners Venetian Double-Entry Bookkeeping #neversell End Of Year Selling Chris Cole – The Endgame The Asset Shortage … Read More
Evaluate The Company’s Industry, Capacity & Demand
During his recent interview with Tobias, Stephen Clapham, author of The Smart Money Method, discussed Evaluating The Company’s Industry, Capacity & Demand. Here’s an excerpt from the interview: Tobias: You’ve done your preliminary research, and you’re satisfied that this is something you want to go forward with, what’s the next stage … Read More
Long-Lived Instos
During their recent episode of the VALUE: After Hours Podcast, Taylor, Brewster, and Carlisle discussed Long-Lived Instos. Here’s an excerpt from the episode: Jake: All right, veggie time. So, this segment is called The Data of Long-lived Institutions, and it’s based on this article and a presentation that Alexander Rose gave, … Read More
Use Simple Charts To Measure Investor Sentiment
During his recent interview with Tobias, Stephen Clapham, author of The Smart Money Method, discussed Using Simple Charts To Measure Investor Sentiment. Here’s an excerpt from the interview: Tobias: Well, let’s just go back a little bit to the process, because I’m sort of interested to know it. Once you get … 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
Bill Ackman: Investors Make Truly Great Returns In A Handful Of Names
In this interview with Reuters, Bill Ackman provides some great insights into why investors should remain concentrated and not diversify. Here’s an excerpt from that interview: I’ve always had the view that why not own the best ten or eleven investments as opposed to ideas twelve through twenty five, or … Read More
Michael Mauboussin: How To Get Positive Expected Value On Your Side
In Michael Mauboussin’s book – More Than You Know – he shares a great story about Paul DePodesta and Michael Lewis at a Vegas casino and the lessons investors can learn about getting positive expected value on your side. Here’s an excerpt from the book: Hit Me Paul DePodesta, a … Read More
Ken Fisher Answers Growth vs. Value: Which is Better?
In this short video presentation by Ken Fisher he answers the question of Growth vs Value: Which Is Better? Here’s an excerpt from the presentation: Let me just make one more point and I’ll do this very quickly. Some people are just better at doing value stocks and some people … 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
Buffett Sells $COST
During their recent episode of the VALUE: After Hours Podcast, Taylor, Brewster, and Carlisle discussed Buffett Sells $COST. Here’s an excerpt from the episode: Jake: Speaking of never sell, what’s Costco no more? Tobias: It seemed like a good segue there. Bill: Yeah. Tobias: I thought everybody’s complaining about– I … Read More
The Importance Of Pricing Power
During his recent interview with Tobias, Stephen Clapham, author of The Smart Money Method, discussed The Importance Of Pricing Power. Here’s an excerpt from the interview: Tobias: Just before we move on to that, let’s talk a little bit about quality. What’s your definition of business quality? Stephen: There isn’t a … Read More
David Abrams’ Top 10 Holdings (Q3 2020)
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
How John Malone Changed Wall Street’s Focus With Unconventional Thinking
In William Thorndike’s book – The Outsiders – there’s a great chapter dedicated to the Cable Cowboy, John Malone. From the 1970s to the 1990s, Malone built up cable TV firm TCI as right hand man to founder Bob Magness, then became the CEO of TCI in 1973 at 29 … Read More
(Ep.94) The Acquirers Podcast: Stephen Clapham – Smart Money: How An Ex-Hedge Fund Analyst Uses Forensic Accounting To Pick Stocks
In this episode of The Acquirers Podcast Tobias chats with Stephen Clapham, author of The Smart Money Method. During the interview Stephen provided some great insights into: The Importance Of Pricing Power Use Simple Charts To Measure Investor Sentiment Evaluate The Company’s Industry, Capacity & Demand Forget P/E And Focus … Read More