In their recent episode of the VALUE: After Hours Podcast, Taylor, Brewster, and Carlisle discuss There’s A Lot To Like About Elon Musk. Here’s an excerpt from the episode: Tobias: Yeah, I like Musk as an entrepreneur. I don’t want to be misconstrued as, I think that he’s done a … Read More
This Acquirers Multiple Stock Appearing In Dalio, Grantham, Greenblatt 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
Sir John Templeton: Buy On Bad News
In the book The Templeton Plan, Sir John Templeton discusses one of the stocks he bought when he famously bought 100 shares of each NYSE-listed company which was then selling for less than $1 a share (104 companies, 34 in bankruptcy, in 1939). Here’s an excerpt from the book: “I … Read More
David Herro: Catalysts For Value Investing In Today’s Markets
In his recent presentation at Natixis Investment Managers, David Herro discusses the catalysts for value investing in today’s markets. Here’s an excerpt from the presentation: We know not only that has value been lagging but international value has taken it on the chin. We’ve had some of these things in … Read More
Michael Mauboussin: What Distinguishes A Great Investor From A Good Investor
In his recent interview with RIAIntel, Michael Mauboussin discussed a number of topics including what distinguishes a great investor from a good investor. Here are some excerpts from the interview: What distinguishes a good from a great investor? This difference rarely has to do with the tools they’re using but … Read More
Japanese Activist – Yoshiaki Murakami
In their recent episode of the VALUE: After Hours Podcast, Taylor, Brewster, and Carlisle discuss Japanese Activist – Yoshiaki Murakami. Here’s an excerpt from the episode: Jake: So, this brings us to our story of this Japanese investor who I had never heard of, and maybe you guys haven’t either, … Read More
One Stock Superinvestors Are Selling
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
Adam Smith: Beware The Black Horsemen During Bull Markets
In his book Supermoney, Adam Smith provides a great illustration of investing psychology during bull markets. Here’s an excerpt from the book: A mass-circulation magazine asked me to explain to its readers what was going on. I had this Fellini scene: We are all at a wonderful ball where the … Read More
Terry Smith: Investors Miss The Most Important Thing By Focusing On Whether A Company Is Cheap Or Expensive
In his recent presentation with Canaccord Genuity Wealth Management, Terry Smith discusses why investors miss the most important thing by focusing on whether a company is cheap or expensive. Here’s an excerpt from the presentation: In his recent presentation with Canaccord Genuity Wealth Management, Terry Smith discusses why investors miss … Read More
David Gardner’s Investing Strategy
In their recent episode of the VALUE: After Hours Podcast, Taylor, Brewster, and Carlisle discuss David Gardner’s Investing Strategy. Here’s an excerpt from the episode: Bill: No, look, I don’t know. I mean, so, different presentation that I was in today. The guy says, “Value investors are like accountants. They … 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
Nassim Nicholas Taleb: Most Successes Come From Taking Action During Windows Of Opportunity
In his book Fooled By Randomness, Nassim Nicholas Taleb discusses how most successes come from taking action during windows of opportunity. Here’s an excerpt from the book: Let me make it clear here: Of course chance favors the prepared! Hard work, showing up on time, wearing a clean (preferably white) … Read More
Carl Icahn: Don’t Confuse A Bull Market With Brains!
In this interview in 2018 on Wall Street Week, Carl Icahn explains why you should not confuse a bull market with brains! Here’s an excerpt from the interview: Icahn: When I got into Wall Street I had twelve, fifteen thousand, which was a lot saved you know. I started investing … Read More
Small-Caps Cheaper Than The Market
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
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
Aswath Damodaran: Don’t Put Great Investors On A Pedestal!
In this short Q&A session, Aswath Damodaran discusses a number of topics including why you should not put great investors on a pedestal. Here’s an excerpt from the session: I tell people that the person you need to most understand to be a good investor is yourself. I tell people … Read More
Seth Klarman Top 10 Holdings – Latest 13F, Buys Dropbox, Sells eBay
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 E43): David Gardner, Small Value And Market Value, Yoshiaki Murakami And Japanese Value
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
Stock In Focus – TAM Stock Screener – AutoNation, Inc. (NYSE: AN)
As part of our ongoing series here at The Acquirer’s Multiple, we provide this feature article titled ‘Stock in Focus‘ where we focus on one of the stocks from our Stock Screeners. One of the cheapest stocks in our Stock Screeners is: AutoNation, Inc. (NYSE: AN) AutoNation is the largest automotive dealer … Read More
Seth Klarman: Liquidity Can Be Illusory
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