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
Stock In Focus – TAM Stock Screener – B2Gold Corp. (NYSEAMERICAN: BTG)
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 B2Gold Corp. (NYSEAMERICAN: BTG). B2Gold Corp is a gold mining … Read More
This Week’s Best Value Investing News, Research, Podcasts 7/23/2021
This week’s best investing news: ‘Big Short’ Investor Michael Burry Says Meme Stock Crash is Coming (Validea) Trend Following (Verdad) Enemies Real and Imagined (Epsilon Theory) The Highest Forms of Wealth (Collaborative Fund) The Zomato IPO: A Bet on Big Markets and Platforms! (Aswath Damodaran) Inflation, Deflation, Disinflation (Barry Ritholz) Star stock pickers exist, but do they … Read More
Mise en Place Investing
In their recent episode of the VALUE: After Hours Podcast, Taylor, Brewster, and Carlisle discussed Mise en Place Investing. Here’s an excerpt from the episode: Jake: What we’re going to be talking about is this French culinary concept called mise en place, and what it means in effectively an … Read More
Charlie Munger: The Power Of Extended Confucianism
In this interview with HBO and the Kunhardt Film Foundation, Charlie Munger discusses the power of extended confucianism. Here’s an excerpt from the interview: Well he [Warren] came out of a private partnership where people he knew were trusting him a lot when he was obscure and he had his … Read More
Warren Buffett: How To Trade Derivatives
While Warren Buffett is famous for calling derivatives ‘financial weapons of mass destruction’, in his 2008 Shareholder Letter he explained his strategy for trading derivatives. Here is an excerpt from the letter which covers put options: Considering the ruin I’ve pictured, you may wonder why Berkshire is a party to … Read More
This Acquirers Multiple Stock Is Appearing In Greenblatt, Simons, Ainslie, 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 (S03 E27): Munger And Jack Ma, GMO’s Value Reversals, Mise en place
In this episode of the VALUE: After Hours Podcast, Jake Taylor, Bill Brewster, and Tobias Carlisle chat about: Munger And Jack Ma GMO’s Value Reversals Mise en place Investing How Much To Pay For The Best Companies 52-Week High And Low Starting Points S&P Global and IHS Markit Merger What … Read More
George Soros: Building A Three-Dimensional Portfolio
In the book – Staying Ahead Of The Curve, George Soros explains how he built his three-dimensional portfolio to minimize risk and maximize opportunities. Here’s an excerpt from the book: Yes. It is a rather unusual structure, because we use leverage. We position the fund to take advantage of larger … Read More
Dollar Cost Average Using Options
During his recent interview on The Acquirers Podcast with Tobias, Tim Travis, founder and deep value investor at T&T Capital Management discussed Dollar Cost Average Using Options. Here’s an excerpt from the interview: Tobias: We were speaking a little bit before about rebalancing, so you definitely buy as something’s going against … Read More
Pzena: Value Doesn’t Need Inflation To Work
In their latest Q2 2021 Market Commentary, Pzena discuss inflation, value investing, and the performance of cheap vs expensive stocks across inflationary environments. Here’s an excerpt from the commentary: Inflation, its effect on the market, and its implications for our portfolios have been frequent topics in recent client conversations. Whether … Read More
Stephen Mandel: Invest In Companies Undergoing Significant Change
In his recent interview on the Invest Like The Best Podcast, Stephen Mandel discusses his strategy of investing in companies that are undergoing significant multi-year change. He also discusses comparisons from when he started Lone Pine, and his thoughts on short-selling. Here’s an excerpt from the interview: Mandel: I think … 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
Inflation Ultimately Drives The Fed
During his recent interview on The Acquirers Podcast with Tobias, Tim Travis, founder and deep value investor at T&T Capital Management discussed Inflation Ultimately Drives The Fed. Here’s an excerpt from the interview: Tobias: Yeah, I watch the 10 year pretty closely, because I think it’s a reasonable proxy for not … Read More
Jeremy Grantham: The Link Between Value And Rates
In his latest interview on The Rules of Investing Podcast, Jeremy Grantham discusses the 1970s high inflation period and the link between value and rates. Here’s an excerpt from the interview: Grantham: There should be. Arithmetically or mathematically. The higher the rate, the more the dividend counts. And the lower … Read More
Marrying Value With Options
During his recent interview on The Acquirers Podcast with Tobias, Tim Travis, founder and deep value investor at T&T Capital Management discussed Marrying Value With Options. Here’s an excerpt from the interview: Tobias: Can you describe your strategy? Tim: Sure. Definitely, we start first and foremost with identifying deeply undervalued … Read More
David Poppe: How To Earn Good Returns When You Get Market Sentiment Wrong
In his recent presentation at the Ben Graham VIII Annual Conference, David Poppe explains how you can still generate good returns over a longer time-frame, even if you get market sentiment wrong. Here’s an excerpt from the presentation: On the other hand a person with a five-year time horizon has … 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
(Ep.121) The Acquirers Podcast: Tim Travis – Options & Financials
In this episode of The Acquirers Podcast, Tobias chats with Tim Travis, founder and deep value investor at T&T Capital Management. During the interview Tim provided some great insights into: Big Disconnect Between Value & Growth Biggest Positions In Your Best Ideas FANMAG Valuations Marrying Value With Options Choose Managements … Read More
Dan Loeb: Top 10 Holdings, Top Buys & Sells
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
Guy Spier: Munger Sees What Others Cannot
In his latest interview on the What Got You There Podcast, Guy Spier explains why he would like to sit down with Charlie Munger. Here’s an excerpt from the interview Spier: I would love to sit down with Charlie Munger. I think that he’s got an extraordinary mind. At the … Read More