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
Walmart Inc (WMT) DCF Valuation: Is The Stock Undervalued?
As part of a new series, each week we typically conduct a DCF on one of the companies in our screens. This week we thought we’d take a look at one of the stocks that is not currently in our screens, Walmart Inc (WMT). Profile Walmart serves as the preeminent … Read More
This Week’s Best Value Investing News, Podcasts, Interviews (09/06/2024)
This week’s best investing news: Five David Einhorn Holdings That Pass the Fundamental Tests of Great Investors (Validea) Bill Ackman Says X Ban Will Make Brazil an ‘Uninvestable Market’ (Bloomberg) Value Investing in a Changing World with Aswath Damodaran (VGI) Royce – What Do Earnings, a Broadening Market, and a … Read More
Verizon Communications Inc (VZ): Is It a Buy? – Acquirer’s Multiple Stock Screener Analysis
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’s a ‘buy’ based on key fundamentals. One of the cheapest stocks in our Stock Screeners is: Verizon Communications Inc (VZ) Wireless services account for about 70% of … Read More
Guy Spier: How the Lollapalooza Effect Drives Influence
During their recent episode, Taylor, Carlisle, and Guy Spier discussed How the Lollapalooza Effect Drives Influence. Here’s an excerpt from the episode: Guy: It’s a little bit of this Lollapalooza effect. Two places one can go there. I’ll start off with a book that I recently read about Russian special … Read More
The Crash Landing into a Marshmallow: Are We Heading Toward Recession
During their recent episode, Taylor, Carlisle, and Steve Hou discussed The Crash Landing into a Marshmallow: Are We Heading Toward Recession. Here’s an excerpt from the episode: Tobias: Let’s start with, where are we in the economy? How do you see it? Are we in a recession? Is there a … Read More
Howard Marks: You Make Your Own Luck? Success Is Never Accidental? Bull!!
In his memo titled – Getting Lucky, Howard Marks challenges the notion that success is solely the result of personal effort, emphasizing the significant role of luck. He shares personal anecdotes, including nearly joining Lehman Brothers, and reflects on how fortunate he has been throughout his career. Marks acknowledges that … Read More
Stanley Druckenmiller: Concentrated Bets Beat Diversification
During his talk at the Lost Tree Club, Stanley Druckenmiller discusses his unique risk management approach, shaped by both luck and experience. He challenges traditional diversification, stating that the best way to achieve superior long-term returns is by being a “pig” — someone who makes concentrated, high-conviction bets. He cites … Read More
Large-Cap Stocks In Trouble: Here Are The 10 Worst Performers Over The Past 12 Months
Over the past twelve months ten Large-Cap stocks have underperformed all others. Here’s this week’s top 10 worst performing Large-Caps in the last twelve months: Name 1 Year Price Returns (Daily) Walgreens Boots Alliance (WBA) -58.96% Albemarle (ALB) -57.49% Paycom Soft (PAYC) -44.80% Intel (INTC) -44.13% Estee Lauder Companies (EL) … Read More
Which Superinvestors Hold Acquirer’s Multiple Stocks?
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
Guy Spier: Why Investing Is an Infinite Game: Lessons from Warren Buffett
During their recent episode, Taylor, Carlisle, and Guy Spier discussed Why Investing Is an Infinite Game: Lessons from Warren Buffett. Here’s an excerpt from the episode: Jake: [crosstalk] Tobias: Did you read that book, Infinite Games, I think it’s Carse, isn’t it? Guy: Carse. James Carse. Tobias: Carse. Guy: Finite … Read More
Bruce Lee’s Guide to Investing: Fluid Strategies and Relentless Focus
During their recent episode, Taylor, Carlisle, and Steve Hou discussed Bruce Lee’s Guide to Investing: Fluid Strategies and Relentless Focus. Here’s an excerpt from the episode: Tobias: I want to do some questions about the economy and the macroeconomy in general. But before we do that, JT, do you want … Read More
Joel Greenblatt: The Most Successful Investments Are Really Obvious
In the 10.31.06 edition of Value Investor Insight, Joel Greenblatt discusses the importance of clarity and simplicity in great investment ideas. He suggests that if an investment idea is truly strong, you should be able to explain why it’s a great business, why it’s temporarily undervalued, and why it should … Read More
Mohnish Pabrai: The Most Potent Weapon In An Investor’s Arsenal
In his book – The Dhandho Investor, Mohnish Pabrai discusses the power of simplicity in investing, which focuses on businesses that are easy to understand with predictable cash flows. He highlights the importance of conservative assumptions and straightforward analysis, citing Papa Patel’s purchase of a motel as an example. Pabrai … Read More
The One Stock That Superinvestors Are Dumping: Is It Time to Sell?
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
Guy Spier: The Power of Honesty in Investing
During their recent episode, Taylor, Carlisle, and Guy Spier discussed The Power of Honesty in Investing. Here’s an excerpt from the episode: Tobias: You did. I think that you raised that in your most recent letter, where you said that you were interested in balance more than compounding as rapidly … Read More
How The Analyst Rating Index Captures Market Improvers
During their recent episode, Taylor, Carlisle, and Steve Hou discussed How The Analyst Rating Index Captures Market Improvers. Here’s an excerpt from the episode: Steve: So, yeah, thank you. That’s another paper that I put out recently, actually, just a few weeks ago. This is a concept we came up … Read More
Terry Smith: The Key to Identifying Investments with Sustainable High Returns
In the Fundsmith Owner’s Manual, Terry Smith discusses the importance of not just seeking a high rate of return but a sustainably high one. Key to this is repeat business, particularly from consumers who make frequent, regular purchases. Companies selling daily consumer goods tend to provide more consistent returns compared … Read More
Warren Buffett: Why Portfolio Concentration Decreases Risk
In his 1993 Berkshire Hathaway Annual Letter, Warren Buffett explains that he and Charlie Munger decided long ago to focus on making a few smart investment decisions rather than many, especially as Berkshire Hathaway’s capital grew. They adopted a concentrated portfolio strategy, rejecting standard diversification advice. They believe that concentrating … Read More
The Undervalued Stock That Superinvestors Are Loading Up On
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
Guy Spier: Why Warren Buffett’s $1 Trillion Success Wasn’t Just About the Money
During their recent episode, Taylor, Carlisle, and Guy Spier discussed Why Warren Buffett’s $1 Trillion Success Wasn’t Just About the Money. Here’s an excerpt from the episode: Tobias: I’m glad to hear that. I wanted to open this by saying that Berkshire Hathaway today has crossed $1 trillion- Jake: Wow. … Read More