In their recent episode of the VALUE: After Hours Podcast, Taylor, Mitchell, Brewster, and Carlisle discussed Don’t Capitalize Gains In Your Head. Here’s an excerpt from the episode: Bill: One thing that I really admire about how Mike runs his stuff, and we’ve talked about this a fair amount, because … Read More
Dan Rasmussen: Moats Are A Useless Speculative Theory
Earlier this year in his interview on Real Vision, Dan Rasmussen explained why moats are a useless speculative theory. Here’s an excerpt from the interview: Rasmussen: But I think more broadly this idea of moats or barrier to entry, we have to look at where it comes from. And it … Read More
How To Avoid Catastrophic Losses With Disaster Insurance
In their recent episode of the VALUE: After Hours Podcast, Taylor, Mitchell, Brewster, and Carlisle discussed How To Avoid Catastrophic Losses With Disaster Insurance. While their discussion primarily focused on personal disaster coverage, it’s equally crucial for businesses, especially those in the construction and renovation industry, to safeguard themselves against … 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
Aswath Damodaran: Forget Growth And Value, Focus On Common Sense Investing
In his recent interview with MoneyControl, Aswath Damodaran recommends that investors forget about the terms growth and value investing and instead focus on common sense investing. Here’s an excerpt from the interview: Q: And in this leg of the stocks rally, would you look at growth investing or value investing? … Read More
Munger – How To Get Really Rich
In their recent episode of the VALUE: After Hours Podcast, Taylor, Mitchell, Brewster, and Carlisle discussed Munger – How To Get Really Rich. Here’s an excerpt from the episode: Michael: No. Yeah, I just wanted to reiterate quickly just what Bill said, just to finish that thought on my end … Read More
Steve Cohen: Top 10 Holdings
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
Michael Burry: Volatility Is My Friend
In his 2001 Shareholder Letter, Michael Burry discussed why volatility is the investors friend. Here’s an excerpt from the letter: I have previously written that I strive to discover the proverbial dollar bill selling for 50 cents, preferably with enough volatility such that I have the opportunity to buy at … Read More
Warren Buffett: The 5 Risk Factors That An Investor Must Assess
In his 1993 Annual Shareholder Letter, Warren Buffett outlined the five risk factors that an investor must assess before making any investment. Here’s an excerpt from the letter: In our opinion, the real risk that an investor must assess is whether his aggregate after-tax receipts from an investment (including those … Read More
Stock In Focus – TAM Stock Screener – Kirkland Lake Gold Ltd (NYSE: KL)
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 Kirkland Lake Gold Ltd (NYSE: KL). Kirkland Lake Gold Ltd … Read More
This Week’s Best Value Investing News, Research, Podcasts 7/2/2021
This week’s best investing news: Warren Buffett & Charlie – “A Wealth of Wisdom” – Full Transcript (CNBC) How to Work Hard (Paul Graham) The Most Ignored Investing Premium (Validea) On Low Treasury Yields (Verdad) I’m So Tired of the Transitory Inflation “Debate” (Epsilon Theory) Howard Marks: The Truth About Investing – Full lecture … Read More
Deep Survival And The Fear Of Losing Money
In their recent episode of the VALUE: After Hours Podcast, Taylor, Mitchell, Brewster, and Carlisle discussed Deep Survival And The Fear Of Losing Money. Here’s an excerpt from the episode: Tobias: Can we cram in some veggies before we make it out? Tobias: Yeah, man. Let’s do it. Michael: Okay. … Read More
Rob Arnott: Value Is As Cheap As It’s Ever Been, With Just 2 Exceptions
In his latest interview on the Excess Returns Podcast, Rob Arnott explains why value is as cheap as it’s ever been, with the two exceptions of last summer and the peak of the tech bubble. Here’s an excerpt from the interview: The one argument for why value investing has fallen … Read More
VALUE: After Hours (S03 E25): Deep Survival And Hedging With Vol, VIX, Puts, $HYG And Cash
In this episode of the VALUE: After Hours Podcast, Jake Taylor, Mike Mitchell, Bill Brewster, and Tobias Carlisle chat about: Hussman’s Unhedged Strategy Deep Survival – In Investing Choose Your Friends Wisely How To Protect Yourself From A 50% Drawdown Don’t Capitalize Your Gains In Your Head Why You Should … Read More
This Acquirers Multiple Stock Is Appearing In Royce, Simons, 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
Moore’s Law Will Comeback With Vengeance
During his recent interview on The Acquirers Podcast with Tobias, Bernard Horn, founder of Polaris Capital Management discussed Moore’s Law Will Comeback With Vengeance. Here’s an excerpt from the interview: Tobias: When you look at the investment landscape now, some would say that the COVID shutdown has created some … Read More
Seth Klarman: The Greatest Challenge For Value Investors
In his book, Margin Of Safety, Seth Klarman discusses the greatest challenge for value investors. Here’s an excerpt from the book: Value investing is the discipline of buying securities at a significant discount from their current underlying values and holding them until more of their value is realized. The element … Read More
Charlie Munger: Easy Money Is With Crooks And Fools
In their latest interview with CNBC, Warren Buffett and Charlie Munger discussed a number of topics including the deal between Credit Suisse and Archegos Capital Management. Here’s an excerpt from the interview: QUICK: We asked Munger and Buffett their thoughts on some of the latest headlines in the business world, … 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
The Secret Sauce Of Value Investing
During his recent interview on The Acquirers Podcast with Tobias, Bernard Horn, founder of Polaris Capital Management discussed The Secret Sauce Of Value Investing. Here’s an excerpt from the interview: Tobias: Given that it’s been a tougher decade for value and the US markets have been very, very strong, international … Read More