In their recent episode of the VALUE: After Hours Podcast, Taylor, Mitchell, and Carlisle discussed This Is The Best Environment For Housing Ever. Here’s an excerpt from the episode: Mike: What you see on the demand side, this puts a lot of wind in my sails with this. When you … Read More
Mining Royalties vs Streams
During his recent interview on The Acquirers Podcast with Tobias, Spencer Cole, CIO at Vox Royalty discussed Mining Royalties vs Streams. Here’s an excerpt from the interview: Tobias: When you first contacted me, I saw your Vox Royalty and Streaming, and I didn’t initially think that that was going [crosstalk] to … Read More
Charles Munger: How To Invert Your Thinking
Earlier this year at The Redlands Forum, Charles Munger discussed examples of how to invert your thinking. H/T to 10-K Diver for highlighting the video. Here’s an excerpt from the forum: Munger: There are all kinds of tricks that I just got into by accident in life. One I invert … Read More
One Stock Superinvestors Are Buying Or Holding
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
U.S Investors Expecting 17.5% Long-Term Returns
In their recent episode of the VALUE: After Hours Podcast, Taylor, Mitchell, and Carlisle discussed U.S Investors Expecting 17.5% Long-Term Returns. Here’s an excerpt from the episode: Jake: I’m calling this, “What are we thinking?” This came to my attention, there was a global survey of individual investors put on … Read More
How To Value Royalty Companies
During his recent interview on The Acquirers Podcast with Tobias, Spencer Cole, CIO at Vox Royalty discussed How To Value Royalty Companies. Here’s an excerpt from the interview: Tobias: How do you think about valuation? Are you looking for some sort of yield? Is there a P/E ratio for the royalties? … Read More
Dan Loeb: Shifting From Value To Growth
In his latest Q2 2021 Investor Letter, Dan Loeb explains why he’s made the shift from value to growth. Here’s an excerpt from the letter: In our Q2 2018 Investor Letter, I laid out our rationale for shifting the emphasis of the portfolio toward higher quality compounders and growth stocks, … 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
The Best Commodity Play Is Mining Royalty Investment Companies
During his recent interview on The Acquirers Podcast with Tobias, Spencer Cole, CIO at Vox Royalty discussed Why The Best Commodity Play Is Mining Royalty Investment Companies. Here’s an excerpt from the interview: Tobias: You’re the CIO of Vox Royalty, which is a really interesting play on this thing, because you … Read More
David Einhorn: Value Stocks Starved Of Capital
In their recent episode of the VALUE: After Hours Podcast, Taylor, Mitchell, and Carlisle discussed David Einhorn’s Q2 2021 Letter. Here’s an excerpt from the episode: Tobias: It’s interesting just to consider it in the context of Einhorn’s note which came out very recently, because he has his– Lumber maybe … Read More
Stanley Druckenmiller: What Makes A Great Investor
In his recent interview on the My First Million Podcast, Stanley Druckenmiller discussed what makes a great investor. Here’s an excerpt from the interview: Druckenmiller: So, when I’ve looked at all the investors of very large reputations, Warren Buffett, Carl Icahn, George Soros, they all only have one thing in … Read More
Rich Pzena Top 10 Holdings (Q2 2021)
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
(Ep.123) The Acquirers Podcast: Spencer Cole – Metal Royalty, Investing In Precious Metals Royalty And Streaming
In this episode of The Acquirers Podcast, Tobias chats with Spencer Cole, CIO at Vox Royalty. During the interview Spencer provided some great insights into: The Best Commodity Play Is Mining Royalty Investment Companies Investing In Mining Royalties Valuing Mining Royalty Investment Companies Royalties vs Streams Gold Has An X-Factor … Read More
Stock In Focus – TAM Stock Screener – Louisiana-Pacific Corporation (NYSE: LPX)
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 Louisiana-Pacific Corporation (NYSE: LPX). Louisiana-Pacific is primarily an oriented strand … Read More
The Real Cause Of The Lumber Spike
In their recent episode of the VALUE: After Hours Podcast, Taylor, Mitchell, and Carlisle discussed The Real Cause Of The Lumber Spike. Here’s an excerpt from the episode: Michael: But the nuance, what you’re describing that happened which we all saw and got discussed by no fewer than me of … Read More
Francis Chou: Buy Companies Where Intrinsic Value Is Growing, Rather Than Just Buying Below Intrinsic Value
In his recent interview on the Ivey Business School 2021 Virtual Seminar, Francis Chou discussed the importance of buying companies where the intrinsic value is growing, rather than just buying below intrinsic value. Here’s an excerpt from the seminar: If you’re asking me just based on my experience, it’s better … Read More
This Week’s Best Value Investing News, Research, Podcasts 8/6/2021
This week’s best investing news: Inflation, Monetary Policy & Pandemics (Jamie Catherwood) What’s the point of hedge funds? (Verdad) Other People’s Mistakes (Collaborative Fund) Howard Marks Memo – Thinking About Macro (OakTree) Nudging State, Noble Lies (Epsilon Theory) Ray Dalio: Understanding China’s Recent Moves in Its Capital Markets (Linkedin) David Einhorn Sheds Light (WTI) Bruce … Read More
This Acquirers Multiple Stock Is Appearing In Ainslie, Druckenmiller, Simons 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
Richard Thaler: Your Returns Are Not As Good As You Think They Are
In his recent interview on The Meb Faber Podcast, Richard Thaler explained why investment returns are not as good as you think they are, unless they are being risk-adjusted in some way. Here’s an excerpt from the interview: Thaler: One thing, and I think this applies to any place that … Read More
Tweedy Browne: Rotation To Value Will Continue
In their latest Q2 2021 Market Commentary, Tweedy Browne says that the rotation to value is set to continue. Here’s an excerpt from the commentary: Looking forward, the question of the hour for many market observers is whether this rotation into value, which began in November, will be sustainable. While … Read More