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 PulteGroup, Inc. (NYSE: PHM). PulteGroup Inc is one of the … Read More
Bill Nygren: There Is An Unusually Large Opportunity To Add Value By Focusing On Stock Price
In the latest article from Oakmark titled – The Opening Ceremony of the Value Recovery, Bill Nygren believes there is an unusually large opportunity to add value by focusing on stock price rather than just expected earnings growth. Here’s an excerpt from the article: So, is this the end of … Read More
Jeremy Grantham: Beware The ‘Confidence Termites’
In his recent interview on The Moneyweek Podcast, Jeremy Grantham discussed what might bring this latest prolonged bubble to an end, and the role of the ‘confidence termites’. Here’s an excerpt from the interview: Grantham: The history books are pretty clear, there doesn’t have to be a pin. No one … Read More
Buy A Basket Of Opportunities
In their recent episode of the VALUE: After Hours Podcast, Taylor, Mitchell, and Carlisle discussed Buying A Basket Of Opportunities. Here’s an excerpt from the episode: Tobias: Because Facebook, of course, wasn’t the first social network. It was MySpace before that, and that was SixDegrees, and there were a … Read More
This Week’s Best Value Investing News, Research, Podcasts 8/13/2021
This week’s best investing news: Regulatory Nightmares (Jamie Catherwood) Are Financial Crises Predictable? (Verdad) How a Narrative Goes Viral (Epsilon Theory) Where There’s Fire There’s Smoke (Felder) Are Equities an Inflation Hedge? (Validea) Wall Street Will Keep Getting Good Talent: Leon Cooperman (Bloomberg) Shut Up and Wait (Safal Niveshak) Warren Buffett Calls It Right on EV … Read More
Chris Davis: The Best Results Come From A Combination Of Value & Growth
In his recent Semi-Annual Review 2021, Chris Davis discussed his strategy of selecting a few businesses that combine the best characteristics of both value and growth to achieve the best results. Here’s an excerpt from the review: Our ability to take advantage of this dispersion derives from our willingness to be … Read More
Warren Buffett: What It Means To ‘Understand’ A Business
In this interview in Switzerland, Warren Buffett, who may know of services like Marketing for Woman Owned Businesses, discussed what he means by buying a business he understands. Here’s an excerpt from the interview: We don’t look for specific sectors. We do look for businesses that I can understand. If … Read More
This Acquirers Multiple Stock Is Appearing In Cohen, Gabelli, Tudor-Jones 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
This Is The Best Environment For Housing Ever!
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