In this episode of the VALUE: After Hours Podcast, Taylor, Brewster, and Carlisle chat about: Adaptive Radiation Original Value vs Expected Mean Reversion Undervalued Quality Resurgence Implied Rates Of Change Are Mispriced In Today’s Prices Big Hwang Blows Up X ROE Is Highly Mean Reverting How To Run A 8-10 … Read More
Jamie Dimon: NPV Analysis Fails To Capture ‘True’ Value
In his latest 2020 letter to shareholders, Jamie Dimon discusses a number of topics including why net present value analysis fails to capture ‘true’ value. Here’s an excerpt from the letter: While I am fanatical about detail and multi-year analysis, it’s important to be cautious about its application. Assumptions are … Read More
John Rogers: What I Learned From The Multi-Year Slump In Small Cap And Value
In his recent interview on The Long View Podcast, John Rogers discussed what he learned from the multi-year slump in small cap and value. Here’s an excerpt from the interview: Benz: What has the multi-year slump in small cap and value taught you that you didn’t know entering this period? Rogers, … Read More
One Stock Superinvestors Are Buying
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
If You Were Born 15 Years Later Would You Still Be A Value Investor
In their recent episode of the VALUE: After Hours Podcast, Taylor, Brewster, and Carlisle discussed If You Were Born 15 Years Later Would You Still Be A Value Investor. Here’s an excerpt from the episode: Tobias: I’ve got a question here. JT and I’ve talked about this a little bit … Read More
Finding The Next ‘LeBron’ Stock
In his recent interview on The Acquirers Podcast with Tobias, Evan Tindell, co-founder of Bireme Capital discussed Finding The Next ‘LeBron’ Stock. Here’s an excerpt from the interview: Evan: I think it’s just the old adage of a good thing taken too far, like a kernel of truth taken to … Read More
Lee Ainslie: The #1 Rule In Finding A Potential Investment
In his interview in the book – Efficiently Inefficient, How Smart Money Invests and Market Prices Are Determined, Lee Ainslie discussed one of the most valuable lessons he learned in his career which taught him that the first rule in finding a potential investment is a great management team with the … 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
Paul Graham’s Axioms
In their recent episode of the VALUE: After Hours Podcast, Taylor, Brewster, and Carlisle discussed Paul Graham’s Axioms. Here’s an excerpt from the episode: Jake: Paul Graham. Do you guys have much experience with any of his work or ideas? Tobias: When I was a tech M&A lawyer in San … Read More
Value Investing: Quality At A Reasonable Price
In his recent interview on The Acquirers Podcast with Tobias, Evan Tindell, co-founder of Bireme Capital discussed Value Investing: Quality At A Reasonable Price. Here’s an excerpt from the interview: Tobias: Quality is one that I still struggle with a little bit because I see the– there is this– quality … Read More
Mark Leonard: From Bouncer And Grave Digger To Investing Guru
In this rare interview on The Harris Podcast, CSI boss Mark Leonard discusses his life before CSI and some of the jobs he did which including masonry, bouncing, and grave digging. Here’s an excerpt from the interview: Host: Shifting over to work experiences. So I think you shared with us … Read More
David Einhorn’s 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
(Ep.108) The Acquirers Podcast: Evan Tindell: Expected Value, Value Investing, Poker Pro And MIT Mechanical Engineer
In this episode of The Acquirers Podcast Tobias chats with Evan Tindell, co-founder of Bireme Capital. During the interview Evan provided some great insights into: Value Investing: Quality At A Reasonable Price Finding The Next ‘LeBron’ Stock From Poker Pro To Value Investor Punishing The Mistakes Of Other Investors What … Read More
Rob Vinall: The Contrarian Gene
In his latest letter, Rob Vinall of RV Capital discusses the pros and cons of a contrarian mindset as it relates to investing. Here’s an excerpt from the letter: I happened to have been born with what might be called the contrarian gene. I genuinely enjoy thinking through the other … Read More
Stock In Focus – TAM Stock Screener – Lennar Corporation (NYSE: LEN)
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 Lennar Corporation (NYSE: LEN). After merging with CalAtlantic in February … Read More
Risks And Rewards Of Concentration
In their recent episode of the VALUE: After Hours Podcast, Taylor, Brewster, and Carlisle discussed the Risks And Rewards Of Concentration. Here’s an excerpt from the episode: Tobias: I’ll take it away, because I’ve got the conch and I’m always lazy and I finally prepared something, so here I guess. … Read More
This Week’s Best Value Investing News, Research, Podcasts 4/2/2021
Here’s a list of this week’s best investing news: A History of Boats, Canals & Finance (Jamie Catherwood) A Tiger Can’t Change Its Stripes (Epsilon Theory) Countercyclical Asset Allocation (Verdad) Small-Cap: Much Ado About Quality (Marquette) Pershing Square Holdings, Ltd. 2020 Annual Report (Pershing) Interest Rates and Stock Prices: More than meets the … Read More
Cliff Asness: Run Your Process Like A Vulcan
In a recent interview with Front Row, Cliff Asness discussed the difficulty of sticking with your process, keeping staff and clients, and controlling your emotions, when your strategy is underperforming. Here’s an excerpt from the interview: Asness: I am very proud of the fact that as much as I can … Read More
Acquirer’s Multiple Stock $QRTEA Appearing In Burry, Dalio, 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
Company Bailouts
In their recent episode of the VALUE: After Hours Podcast, Taylor, Brewster, and Carlisle discussed Company Bailouts. Here’s an excerpt from the episode: Jake: I guess, I would prefer the world to look more nature looks like, where systemic problems get cleared more regularly and instead, we sweep them all … Read More