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
Ergodicity in Action: A Story of Ski Racing and Investment
During their recent episode, Taylor, Carlisle, and Luca Dellanna discussed Ergodicity in Action: A Story of Ski Racing and Investment, here’s an excerpt from the episode: Luca: Yeah. So, the trick is to avoid defining it and make an example first. Because when people hear the story, they understand it … Read More
Nassim Nicholas Taleb: The Myth of Skill In Investment Management
In his book – Fooled by Randomness, Nassim Nicholas Taleb discusses how success can easily by attributed to luck, and introduces the Monte Carlo engine to simulate purely random situations, avoiding conventional methods of attribute analysis. By generating artificial scenarios with known attributes, the Monte Carlo engine can demonstrate outcomes … Read More
Warren Buffett: Investing Is All About Knowing What You Know
In his 1999 Berkshire Hathaway Annual Letter, Warren Buffett explains that he and Charlie Munger aren’t distressed by their lack of tech insights, as there are many areas where they lack expertise. They avoid making judgments in fields like patents and manufacturing, focusing instead on operating within their circle of … Read More
Rich Pzena – Top 10 Holdings – Latest 13F
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 (S06 E25): Luca Dellanna on his books Winning Long-Term Games and Ergodicity
In their latest episode of the VALUE: After Hours Podcast, Tobias Carlisle, Jake Taylor, and Luca Dellanna discuss: Ergodicity in Action: A Story of Ski Racing and Investment Value Investing and Ergodicity: A Framework for Long-Term Success Understanding Reproducible Strategies in Investment Why Society Needs More ‘Elon Musks’ with Better … Read More
Merck & Co Inc (MRK) DCF Valuation: Is The Stock Undervalued?
As part of a new series, each week we typically conduct a DCF on one of the companies in our screens. This week we thought we’d take a look at one of the stocks that is not currently in our screens, Merck & Co Inc (MRK). Profile Merck makes pharmaceutical … Read More
This Week’s Best Value Investing News, Podcasts, Interviews (07/19/2024)
This week’s best investing news: Memo from Howard Marks: The Folly of Certainty (Oaktree) Todd Combs on Charlie Munger’s Legacy || Q&A Transcript (2024) (Kingswell) Neglecting Equilibrium (Verdad) Mohnish Pabrai’s Session with Rotary Bangalore DownTown (MP) The Magnificent 7: Which Stocks Are The Most Fundamentally Sound? (Validea) Cliff Asness – … Read More
Why Stellantis NV (STLA) Stock Is A Buy? Acquirer’s Multiple Stock Screener Analysis
As part of our ongoing series here at The Acquirer’s Multiple, each week we focus on one of the stocks from our Stock Screeners, and why it’s a ‘buy’ based on key fundamentals. One of the cheapest stocks in our Stock Screeners is: Stellantis NV (STLA) Stellantis NV was formed on Jan. 16, 2021, … Read More
Seth Klarman: The Paradox of Responsible Living and Reckless Investing Explained
In his book – Margin of Safety, Seth Klarman highlights the irrational behavior of some investors who, despite being responsible and deliberate in most aspects of their lives, act recklessly when investing money. These individuals spend months or years saving diligently, only to invest hastily without proper research. Klarman contrasts … Read More
Howard Marks: Why Successful Investors Aren’t Always Intelligent
In his latest memo – The Folly of Certainty, Howard Marks critiques the diverse and often conflicting predictions about the upcoming presidential election, noting that intelligence and data analysis alone cannot ensure accurate forecasts. He references John Kenneth Galbraith’s insights on the fallibility of forecasters and the mistaken association of … Read More
Large-Cap Stocks In Trouble: Here Are The 10 Worst Performers Over The Past 12 Months
Over the past twelve months ten Large-Cap stocks have underperformed all others. Here’s this week’s top 10 worst performing Large-Caps in the last twelve months: Name 1 Year Price Returns (Daily) Albemarle (ALB) -58.45% Walgreens Boots Alliance (WBA) -56.90% Paycom Soft (PAYC) -54.82% Estee Lauder Companies (EL) -45.87% Solventum (SOLV) … Read More
This Acquirers Multiple Stock Is Undervalued, According to Marks, Dalio, Pzena
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
Ray Dalio: How To Spot Impending Market Bubbles
In his book – Principles for Navigating Big Debt Crises, Ray Dalio discusses the recurring nature of bubbles in various markets, emphasizing their commonalities despite differing specifics. Understanding the logical cause-and-effect relationships behind bubbles allows for their identification before they manifest as significant crises. By recognizing these patterns and indicators, investors … Read More
Joel Greenblatt: Playing It Safe Could Mean Missing the Next Big Thing
In his book – You Can Be A Stock Market Genius, Joel Greenblatt discusses his cautious investment strategy, emphasizing skepticism toward high-growth, high-multiple stocks. Despite initial excitement about new concepts and products, he often avoids investing due to their typically high price/earnings ratios, which can be unrealistic or infinite for … Read More
The One Stock That Superinvestors Are Dumping: Is It Time to Sell?
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
Warren Buffett: Why Quality Businesses Can Still Be Overpriced
During the 1997 Berkshire Hathaway Annual Meeting, Warren Buffett discussed his annual report, in which he described Coke and Gillette as “The Inevitables,” noting their exceptional businesses but warning against overpaying for their stocks, which can lead to short-term risks. He emphasized that his praise shouldn’t be seen as an … Read More
Howard Marks: When to Be Cautious and When to Be Aggressive
In his book – Mastering The Market Cycle, Howard Marks explains why in order to make sound investment decisions, we must be alert and perceptive, using inference to understand market participants’ behavior and the investment climate. Observing current events and market sentiment—such as investor optimism or pessimism, media opinions, and … Read More
The Undervalued Stock That Superinvestors Are Loading Up On
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
Warren Buffett: Choosing the Right Discount Rate for Valuations
During the 1996 Berkshire Hathaway Annual Meeting, Warren Buffett explained that when determining a discount rate for valuing future cash flows, he prefers using the long-term government bond rate. He avoids adding extra risk premiums for different businesses, arguing that it’s more important to focus on businesses with predictable futures. … Read More