In his latest Q1 2021 Shareholder Letter, Ron Baron explains how long-term investors can benefit from poor quarterly earnings results to pick up some best-in-class businesses. Here’s an excerpt from the letter: We view our 5-year baseline holding period as a significant competitive advantage for several reasons. First, we view … Read More
Jim O’Shaughnessy: The Best Way For Investors To Control Their Psychology And Emotions
During his recent interview on The Profile Telegram Chat, Jim O’Shaughnessy provided some great insights into how investors can control their psychology and emotions when it comes to investing decisions. Here’s an excerpt from the interview: Q: What have you seen are the best ways for investors to control their … 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
Insect Groupthink
In their latest episode of the VALUE: After Hours Podcast, Taylor, Brewster, and Carlisle discuss Insect Groupthink. Here’s an excerpt from the episode: Jake: Okay, I’ve got a little bit of a shorter piece today that I’m calling Insect Decision Making. Sorry, not a sperm whale related, but we’re in … Read More
Portfolio Manager To Substack
In her recent interview on The Acquirers Podcast with Tobias, Linda Lebrun, Director of Finance & Investing Writer Recruitment at Substack, discussed here journey from Portfolio Manager To Substack. Here’s an excerpt from the interview: Tobias: Let’s talk a little bit about your transition to Substack because I know you … Read More
Francis Rochon: Missing Buying Opportunities By Being Too Precise On Valuation
In his recent Master Series interview, Francois Rochon discussed a number of topics including his investment edge, tech stock valuations, Berkshire, and how you can miss out on some great buying opportunities by being too precise on valuation. Here’s an excerpt from the interview: Year after year what I realise is … Read More
Rob Arnott: Rebalancing Alpha Is The Dominant Engine For Incremental Return
In his latest interview on the Masters In Business Podcast, Rob Arnott discussed development of his ‘fundamental index’ and why “rebalancing alpha is the dominant engine in incremental returns”. Here’s an excerpt from the interview: Arnott: And so, we developed the idea of fundamental index which has become a very … Read More
(Ep.110) The Acquirers Podcast: Linda Lebrun – Substacking: From Portfolio Manager To Fintech, Fintwit And Substack
In this episode of The Acquirers Podcast Tobias chats with Linda Lebrun, Director of Finance & Investing Writer Recruitment at Substack. During the interview Linda provided some great insights into: From Portfolio Manager To Substack Insiders That Own A Lot Of Stock Family Owned European Stocks The Quality Brand Mittelstand … Read More
Ray Dalio Top 10 Holdings (Q4 2020)
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
Howard Marks: Value Investors Should Think About Fast Growing Companies
In his recent interview on The Korea Economic Daily Global Edition, Howard Marks discussed why he believes value investors should think bigger, and consider investing in fast growing companies. Here’s an excerpt from the interview: The essence of value investing is getting good value for your money. Now value investing … Read More
Stock In Focus – TAM Stock Screener – SYNNEX Corporation (NYSE: SNX)
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 SYNNEX Corporation (NYSE: SNX). Synnex Corp is a provider of … Read More
Charlie Munger Buys $BABA
In their latest episode of the VALUE: After Hours Podcast, Taylor, Brewster, and Carlisle discuss Charlie Munger Buys $BABA. Here’s an excerpt from the episode: Toby: Well, should we talk about Alibaba a little bit? Bill: For sure. Toby: Does anybody know anything about Alibaba? Bill: No, it’s Chinese and … Read More
David Einhorn: Has The Tide Turned From Growth to Value?
In his latest Q1 2021 Shareholder Letter, David Einhorn discusses the Fed, performance drag on the short side, what fuelled the GME short squeeze, and indications that the tide has turned from growth to value. Here’s an excerpt from the letter: Has the tide turned from Growth to Value? After … Read More
This Week’s Best Value Investing News, Research, Podcasts 4/16/2021
Here’s a list of this week’s best investing news: The World’s Top 10 Hedge Fund Managers by Earnings (Visual Capitalist) Li Lu: Value Investing in China, Full Transcript (Latticework) David Einhorn Greenlight Letter Q1 2021 (ValueWalk) Designing a Countercyclical Approach (Verdad) Julian Robertson – 1980 – 1998 Awesome Twitter Thread (Frederik Neckar) Michael … Read More
Acquirer’s Multiple Stock $VALE Appearing In Marks, Fisher, Druckenmiller 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
Elliott & Appaloosa Formidable In Distressed Debt
In their recent episode of The Acquirers Podcast with Tobias, Max Frumes and Sujeet Indap, co-authors of The Caesars Palace Coup discussed Elliott & Appaloosa Formidable In Distressed Debt. Here’s an excerpt from the interview: Tobias: Must be a little bit nerve wracking sitting on the other side of the … Read More
VALUE: After Hours (S03 E14): Bill’s Rant, Charlie Munger Buys Alibaba $BABA, Ant And Bee Intelligence
In this episode of the VALUE: After Hours Podcast, Taylor, Brewster, and Carlisle chat about: Charlie Munger Buys $BABA Insect Groupthink Finding One Foot Hurdles Buffett Consults The Best On Important Decisions Has Business Travel Changed Forever? Carnage Underneath The Market Finding Exposure To China Does Market Cap Matter? Value’s … Read More
Eric Cinnamond: Lemmings Mania
In his latest Q1 2021 Market Commentary, Eric Cinnamond describes the current market mania as similar to that of the 1991 Lemmings video game. Here’s an excerpt from the letter: Thirty years ago, Lemmings quickly became one of the most popular video games just like link w88. Lemmings are small … Read More
Michael Mauboussin: MEROI – Bridging Accounting and Valuation
In his latest paper titled – Market-Expected Return on Investment (MEROI), Michael Mauboussin explains why MEROI, which measures the return at which the present value of a company’s profits equals the present value of the investments a company makes, is a better measurement of corporate returns that the traditional measurements … 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