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
Dan Loeb: We See a Golden Age for Event-Driven Investing
In his recent Q3 2024 Letter, Dan Loeb discussed Third Point’s Q3 results which delivered a nearly 4% gain, achieving a 14% year-to-date return amid stronger market breadth. This was partly driven by rate-sensitive and cyclical stocks outperforming as markets anticipated the Fed’s easing cycle. Loeb notes the firm’s diversification … Read More
Bill Nygren: Value Investing In Companies Without Relying on Catalysts
During his recent interview with Behind The Balance Sheet, Bill Nygren reflects on his 40-year investment career, emphasizing the importance of both financials and management quality when selecting companies. Initially focused on buying undervalued companies with strong leadership, he later adopted a strategy aimed at finding firms that offer a … 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
Why Mid-Caps Offer the Sweet Spot for Investors
During their recent episode, Taylor, Carlisle, and George Livadis discussed Why Mid-Caps Offer the Sweet Spot for Investors. Here’s an excerpt from the episode: Tobias: I feel like no two periods are exactly the same. This is definitely not as memey and as bubbly as it was back then. But … Read More
Joel Greenblatt: Real Losses Are Key to Successful Investing
During his recent interview with The Money Maze Podcast, Joel Greenblatt explains that learning to invest requires real-life experience and, often, losing money. He shares that while investors sometimes profit unexpectedly due to luck, genuine lessons come from mistakes in analysis or unpredictable events, like the COVID-19 pandemic. Greenblatt advises … Read More
Howard Marks: Choosing the Right Risk Level in Investing
In his recent memo titled – Ruminating on Asset Allocation, Howard Marks argues that in an efficient market, the expected return rises proportionally with risk, meaning no position on the risk spectrum is inherently superior—all offer a similar risk-to-return ratio. This view assumes markets price assets fairly, negating the chance … 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
Nvidia: The Company That Sucked All the Oxygen Out of the Market
During their recent episode, Taylor, Carlisle, and George Livadis discussed Nvidia: The Company That Sucked All the Oxygen Out of the Market. Here’s an excerpt from the episode: Tobias: It must have been. Pretty clever. What about Nvidia? I don’t know much about Nvidia at all. It feels to me … Read More
David Einhorn: Warren Buffett’s Secret to Timing Markets
In his most recent Q3 2024 Letter, David Einhorn discusses Warren Buffett’s impressive ability to sidestep market downturns, a skill that has contributed significantly to his long-term success. Despite Buffett’s belief in the impossibility of timing markets, his actions—such as closing his fund in the 1960s, buying at the 1970s bottom, … Read More
Jeremy Grantham: How AI Mania Mirrors Past Market Bubbles
During his recent interview with Morningstar, Jeremy Grantham describes a unique market cycle where a classic 2021 bubble merged with the rapid rise of AI-related stocks in 2022-2023. Initially, a small group of AI-driven stocks, the “Magnificent Seven,” surged as the broader market declined, marking a concentrated gain. Grantham likens … Read More
Mohnish Pabrai – Top 10 Holdings – Latest 13F
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
VALUE: After Hours (S06 E39): European shorts, packaging, and financials with investor George Livadis
In their latest episode of the VALUE: After Hours Podcast, Tobias Carlisle, Jake Taylor, and George Livadis discuss: Nvidia: The Company That Sucked All the Oxygen Out of the Market Why Mid-Caps Offer the Sweet Spot for Investors From Internet Backbone to Bankruptcy: The Cautionary Tale of Nortel Finding Long-Term … Read More
Mastercard Inc (MA) 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, Mastercard Inc (MA). Profile Mastercard is the second-largest payment … Read More
This Week’s Best Value Investing News, Podcasts, Interviews (10/25/2024)
This week’s best investing news: Howard Marks – Ruminating on Asset Allocation (OakTree) David Einhorn Expects Inflation to Reaccelerate (Bloomberg) The Small Cap Amplifier (Verdad) Mohnish Pabrai’s Podcast with Kevin (Age 10) and Justin (Age 6) (MP) The Importance of Expectations in Investing (Validea) Guy Spier – If I Was Starting … Read More
Lowe’s Companies Inc (LOW): 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: Lowe’s Companies Inc (LOW) Lowe’s is the second-largest home improvement retailer … Read More
Modern Examples of The Power of Buybacks
During their recent episode, Tobias Carlisle and Mike Meixler discussed Modern Examples of The Power of Buybacks. Here’s an excerpt from the episode: Tobias: The last 10 years or 15 years have really been characterized by flows to large caps, I think, and it’s starved a lot of the small … 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) -52.49% Humana (HUM) -48.85% Dollar Tree (DLTR) -38.48% APA (APA) -37.23% Paycom Soft (PAYC) -35.33% … 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
Why Every Investor Should Hold Gold In Their Portfolio
During their recent episode, Tobias Carlisle and Mike Meixler discussed Why Every Investor Should Hold Gold In Their Portfolio. Here’s an excerpt from the episode: Tobias: Let’s talk a little bit about gold, because I know you’ve got a holding in gold, and I had the Seawolf guys who were … 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