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
Buffett Needed AAPL To Keep Up With The S&P
In their recent episode of the VALUE: After Hours Podcast, Taylor, Brewster, and Carlisle discuss Buffett Needed AAPL To Keep Up With The S&P. Here’s an excerpt from the episode: Tobias: One of the things that Alpha Architect has pointed out as Ryan Cohen’s work, I think, I mentioned this … Read More
Charles Munger: Use Patterns Of Noise To Find Hunting Grounds For Value
In his recent interview on the Think with Pinker Podcast, Charles Munger explains how he and Warren Buffett use patterns of noise to find hunting grounds for value. Here’s an excerpt from the interview: What happens in the investment world is quite interesting. If you look at the noise of … Read More
Michael Mauboussin: Why Do Smart People Make Dumb Decisions?
In his book – Think Twice: Harnessing the Power of Counterintuition, Michael Mauboussin explains why smart people make dumb decisions. Here’s an excerpt from the book: No one wakes up thinking, “I am going to make bad decisions today.” Yet we all make them. What is particularly surprising is some of … Read More
One Stock Superinvestors Are Buying
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
The Crashless Generation
In their recent episode of the VALUE: After Hours Podcast, Taylor, Brewster, and Carlisle discuss The Crashless Generation. Here’s an excerpt from the episode: Tobias: I like this quote from– This is from Josh Wolfe. “An entire generation has not seen a downturn, has not experienced widespread loss from widespread … Read More
Peter Bernstein: Investing Is A Logicians Trap
In his book – Against the Gods: The Remarkable Story of Risk, Peter Bernstein explains why investing is a logicians trap. Here’s an excerpt from the book: We cannot enter data about the future into the computer because such data are inaccessible to us. So we pour in data from the … Read More
Bruce Greenwald: How To Value Growth
In his book – Value Investing: From Graham to Buffett and Beyond, Bruce Greenwald discusses how to value growth using the ‘Growth Value Matrix’. Here’s an excerpt from the book: In general, the value created by growth depends on two factors. The first is the profitability of the incremental capital employed; … Read More
Joel Greenblatt Top 10 Holdings – Latest 13F, Buys GSPY, SPY, PPL
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 (S03 E46): Crashless Generation; Value Spread; Heart Disease, Stress and Cortisol
In this episode of the VALUE: After Hours Podcast, Jake Taylor, Bill Brewster, and Tobias Carlisle chat about: The Crashless Generation Absolute Value vs Relative Value Debate Heart Disease, Stress and Cortisol Growth Or Value. Which Is Harder to Buy? Carnage For Last Year’s Market Darlings Change Your Brain: Andrew … Read More
James Clear: If You Can’t Think Long-Term In Investing, Here’s Why!
In his book – Atomic Habits, James Clear explains why investors find it so difficult to think long-term. Here’s an excerpt from the book: Imagine you’re an animal roaming the plains of Africa—a giraffe or an elephant or a lion. On any given day, most of your decisions have an … Read More
Roger Lowenstein: Warren Buffett – The Man Who Stripped Wall Street Of Its Mystery
In his book – Buffett: The Making of an American Capitalist, Roger Lowenstein describes Warren Buffett as the man who stripped Wall Street of its mystery. Here’s an excerpt from the book: Much about this life is strange, and much about Buffett remains obscure. Perhaps, as a judge in Buffalo … Read More
This Week’s Best Value Investing News (12/03/2021)
This week’s best investing news: Surprised by The Inevitable (Jamie Catherwood) Dalio : “If You Worry, You Don’t Have To Worry” (Validea) Invest Don’t Bet (Humble Dollar) Corporate Margins Are Stronger Than You Think (Epsilon Theory) Assured Misery (Collaborative Fund) Thank You (Verdad) The Other Side of a Mania (Compound Advisors) Never Take a Risk You Do Not … Read More
Stock In Focus – TAM Stock Screener – Boise Cascade Co (NYSE: BCC)
One of the cheapest stocks in our Stock Screeners is Boise Cascade Co (NYSE: BCC). Boise Cascade Co is a producer of engineered wood products (EWP) and plywood. The firm operates in two segments namely Wood Products and Building Materials Distribution. Wood Products segment manufactures EWP, consisting of laminated veneer lumber (LVL), … Read More
Munger’s Mental Models
In their recent 100th episode of the VALUE: After Hours Podcast, Taylor, Brewster, Carlisle, and friends discuss Munger’s Mental Models. Here’s an excerpt from the podcast: Jake: So, maybe try to tie everything back to Charlie Munger, we’re learning mental models and we’re arming our cortical columns with hopefully like … Read More
Terry Smith: Investors Just Don’t Read The Accounts
In this interview with the Investors’ Chronicle, Terry Smith provides a great illustration of investors not reading the accounts of the companies they’re investing in. Here’s a excerpt from the interview: When we were established ten years ago we were looking through our list of potential investee companies and one … Read More
Jeremy Grantham: Bull Markets Are Like A Water Jet Under a Ping-Pong Ball
In his interview earlier with year on the Invest Like The Best Podcast, Jeremy Grantham provided a great illustration of what happens in a bull market. Here’s an excerpt from the interview: And the consequences will we might be approaching a rather similar Minsky moment in the not too distant … Read More
This Acquirers Multiple Stock Appearing In Ainslie, Simons, Marks 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
Shoot First, Ask Questions Later On Buy Decisions
In their recent 100th episode of the VALUE: After Hours Podcast, Taylor, Brewster, Carlisle, and friends discuss Shoot First, Ask Questions Later On Buy Decisions. Here’s an excerpt from the podcast: Ian: One of the things I was I was journaling about– I was thinking about coming on today, I … Read More
Joel Greenblatt: How To Think About Position Sizing
In this interview on The Investor’s Podcast, Joel Greenblatt discusses how to think about position sizing. Here’s an excerpt from the interview: Most people say, oh I took a 10% position. I took a 20% position. Oh I’d never take a 30% position and I don’t think that’s the right … Read More