Small-Caps Cheaper Than The Market

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In their recent episode of the VALUE: After Hours Podcast, Taylor, Brewster, and Carlisle discuss Small-Caps Cheaper Than The Market. Here’s an excerpt from the episode: Tobias: So, cool. Let me kick it off. A few things that I wanted to note. So, we’ve blown through 40 on the Shiller … Read More

Charles Ellis: Chasing Icarus-Like Returns

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In his book – Wining The Loser’s Game, Charles Ellis discusses the problem with chasing Icarus-Like returns. Here’s an excerpt from the book: Once an efficient portfolio has been constructed at the level of risk that is appropriate for a particular investor, it would not make sense to incur more … Read More

VALUE: After Hours (S03 E43): David Gardner, Small Value And Market Value, Yoshiaki Murakami And Japanese Value

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In this episode of the VALUE: After Hours Podcast, Jake Taylor, Bill Brewster, and Tobias Carlisle chat about: Small Caps Cheaper Than The Market David Gardner’s Investing Strategy Yoshiaki Murakami – Japan’s First Successful Hostile Takeover Chancellor: Japan Tortoise Will Outpace U.S. Hare There’s A Lot To Like About Musk … Read More

Seth Klarman: Liquidity Can Be Illusory

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In his book – Margin of Safety, Seth Klarman discusses why liquidity can be illusory. Here’s an excerpt from the book: Liquidity can be illusory. As Louis Lowenstein has stated, “In the stock market, there is liquidity for the individual but not for the whole community. The distributable profits of … Read More

This Week’s Best Value Investing News (11/12/2021)

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This week’s best investing news: Are We Panicking Yet? (Jamie Catherwood) Berkshire Hathaway’s Fate After Buffett Up To Its Board Members (Validea) Whatever Happened to FX? (Verdad) Lions and Tigers and Bears … Oh My! (Epsilon Theory) Ray Dalio: On Inflation and Wealth (LinkedIn) Seth Klarman and Stan Druckenmiller today on bubbles and … Read More

The Anti-Factor Year

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In this recent episode of the VALUE: After Hours Podcast, Jake Taylor, Bill Brewster, and Tobias Carlisle discuss The Anti-Factor Year. Here’s an excerpt from the episode: Tobias: Corey’s got a question, [laughs] Yeah. Corey’s got a question. ​Here’s my open question: is value in public markets a “dead play” … Read More

Bessembinder’s Lessons For Finding Outliers

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In this recent episode of the VALUE: After Hours Podcast, Jake Taylor, Bill Brewster, and Tobias Carlisle discuss Bessembinder’s Lessons For Finding Outliers. Here’s an excerpt from the episode: Bill: Hey, real quick. This is from the lessons from Bessembinder that Baillie Gifford had. So, the four big ones that … Read More

One Stock Superinvestors Are Selling

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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

James Montier: Growth Stocks Are The Attractive Defendants Of The Finance World

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In his book – Value Investing: Tools and Techniques for Intelligent Investment, James Montier provides a great illustration of the human bias towards growth/glamour stocks. Here’s an excerpt from the book: Interestingly a recent psychology study may well relate to these findings. Taylor and Butcher (2007) gave 96 students identical accounts … Read More

The Cynefin Portfolio Framework

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In this recent episode of the VALUE: After Hours Podcast, Jake Taylor, Bill Brewster, and Tobias Carlisle discuss The Cynefin Portfolio Framework. Here’s an excerpt from the episode: Jake: Sure. Do some veggies. So, I recently came across this decision-making framework, that’s called Cynefin and its spelled C-Y-N-E-F-I-N. So, nothing … Read More

One Stock Superinvestors Are Buying

Johnny HopkinsStock ScreenerLeave a Comment

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