During this interview with Yicai Global, Howard Marks emphasizes his expertise in debt over stocks and admits he is not a technology expert. He recalls the Internet bubble, noting that while the Internet did change the world, most tech stocks from that era became worthless. He draws a parallel with … Read More
Jeremy Grantham: This Is The Most Vulnerable Market There Has Ever Been!
During his recent interview with The Investor’s Podcast, Jeremy Grantham discusses the dangers of market bubbles, highlighting Japan’s 1989 bubble where the market traded at 65 times earnings, far beyond its historical norm. He emphasizes that high price-to-earnings (P/E) ratios often predict severe downturns rather than prosperity, citing Japan’s lost … Read More
Dan Loeb – 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
American Express Co (AXP) 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, American Express Co (AXP). Profile American Express is a … Read More
This Week’s Best Value Investing News, Podcasts, Interviews (08/09/2024)
This week’s best investing news: Jeremy Grantham – A History of Stock Market Bubbles (TIP) Howard Marks: Yicai (2024) (OakTree) Berkshire Hathaway Q2 2024 Report (BH) Bill Ackman’s Pershing Square sees 2024 gains nearly wiped out after July loss (Fortune) Why Warren Buffett’s Berkshire Dumped 55.8% Of Its Apple Stock … Read More
Bristol-Myers Squibb Co (BMY): 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: Bristol-Myers Squibb Co (BMY) Bristol-Myers Squibb discovers, develops, and markets drugs … Read More
The Power of ‘I Don’t Know’: A Logical Riddle to Test Your Reasoning Skills
During their recent episode, Taylor, Carlisle, and Pieter Slegers discussed The Power of ‘I Don’t Know’: A Logical Riddle to Test Your Reasoning Skills, here’s an excerpt from the episode: Tobias: That was good stuff. This is a little bit of a nonsequitur, but I saw a little riddle the … Read More
Terry Smith: The Marathon Approach to Investing
In his book – Investing for Growth, Terry Smith says investing is like a marathon, requiring long-term commitment rather than short-term strategies. He compares investing to using 400-meter sprinters instead of a steady marathon runner. Constantly changing fund managers or stocks is risky, akin to frequently passing a baton, which … Read More
Warren Buffett: Prioritize Sensible Management Over Great Businesses
During the 2001 Berkshire Hathaway Annual Meeting, Warren Buffett advises that if you’re invested in a good business but the management is making poor decisions, it’s often better to sell and invest elsewhere with a sensible management team. Persuading management to change their minds is challenging and rarely successful. CEOs … 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) -60.99% Albemarle (ALB) -59.79% Warner Bros Discovery (WBD) -46.27% Paycom Soft (PAYC) -44.98% Estee Lauder … 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
Cybernetics as a Mental Model: Understanding Systems and Control Mechanisms
During their recent episode, Taylor, Carlisle, and Pieter Slegers discussed Cybernetics as a Mental Model: Understanding Systems and Control Mechanisms, here’s an excerpt from the episode: Tobias: We’re at the top of the hour, JT. You want to give us some vegetables? Jake: Yes, if you’re hungry for some vegetables. … Read More
Prem Watsa: Lean Years in Investing: A Reality for Even the Best
In his 2000 Fairfax Financial Shareholder Letter, Prem Watsa discusses Fairfax’s underperformance, noting that for the first time in two consecutive years, the company did not achieve a return on equity above 20%, earning only 4.1% in 2000. The company’s low stock price attracted “deep value” investors as it appeared … Read More
Jim Rogers: Organic Investing: Intuition Over Analysis
In the book – Inside The House of Money, Jim Rogers reflects on his personal investment philosophy, emphasizing a flexible and intuitive approach rather than a rigid or analytical one. He describes his portfolio as “organic,” evolving with new opportunities, whether planned or spontaneous. Rogers doesn’t focus on detailed metrics, … 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
Adapting Your Investment Strategy: Evolving with Market Changes
During their recent episode, Taylor, Carlisle, and Pieter Slegers discussed Adapting Your Investment Strategy: Evolving with Market Changes, here’s an excerpt from the episode: Pieter: Yeah, sure. So, I think, for example, once again compare value with quality investing, well, for value investors, the margin of safety is at a … Read More
Warren Buffett: The Investing Strategy For Finding Undervalued International Stocks
In the book – The Snowball: Warren Buffett and the Business of Life, there’s a lengthy quote by Warren Buffett describing his investing strategy from finding opportunities in South Korean companies. Buffett highlighted the value he found in South Korean companies that were trading at low valuations despite being fundamentally … Read More
Cliff Asness: How to Know When to Maintain or Alter Your Investing Strategy
In this interview with Carson Group, Cliff Asness discusses the challenge of deciding whether to stick with an investment strategy during a bad period or to make changes. He cautions against always sticking with a strategy, as it assumes that the market never changes. While often market conditions remain consistent, … 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
How to Use Reverse DCF and EPS Growth Models in Quality Investing
During their recent episode, Taylor, Carlisle, and Pieter Slegers discussed How to Use Reverse DCF and EPS Growth Models in Quality Investing, here’s an excerpt from the episode: Jake: Let’s talk about the valuation component, because this is I think where it might get difficult for some with trying to … Read More