In his latest fireside chat with Bruce Greenwald, Li Lu discusses the temperament required to be a successful investor. Here’s an excerpt from the chat: It is a hallmark of a good investor that you can sit through watching your portfolio down by 50 and not being affected at all. … Read More
Bill Nygren: Value Outperforms Growth Two Consecutive Quarters
In his latest Q1 2021 Market Commentary, Bill Nygren discusses value’s recent outperformance over growth in two consecutive quarters. Here’s an excerpt from the commentary: Following a painful four years for value investors, we’ve finally had two consecutive quarters where value has outperformed growth, the first time in more than … Read More
Stock In Focus – TAM Stock Screener – Meritage Homes Corp (NYSE: MTH)
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 Meritage Homes Corp (NYSE: MTH). Meritage Homes Corp is an … Read More
Adaptive Radiation
In this week’s episode of the VALUE: After Hours Podcast, Taylor, Brewster, and Carlisle discussed Adaptive Radiation. Here’s an excerpt from the episode: Jake: Today’s veggie segment is on this idea from evolutionary biology called adaptive radiation. I’ll read a couple of definitions of it that might help start us. … Read More
This Week’s Best Value Investing News, Research, Podcasts 4/8/2021
Here’s a list of this week’s best investing news: Fireside Chat – Value Investing in China with Himalaya Capital’s Li Lu and professor Bruce Greenwald (CBS Greater China Society) Death to the Lost Decade (Verdad) The Big Lessons of the Last Year (Collaborative Fund) Drawing the Narrative Battle Lines (Epsilon Theory) We Might Be … Read More
Acquirer’s Multiple Stock $CMC Appearing In Dalio, Grantham, 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
Punishing Mistakes Of Others
In his recent interview on The Acquirers Podcast with Tobias, Evan Tindell, co-founder of Bireme Capital discussed Punishing Mistakes Of Others. Here’s an excerpt from the interview: Evan: I basically think that mispricings in the market are caused by mistakes that people make. I used to be a professional poker … Read More
VALUE: After Hours (S03 E13): Adaptive Radiation, Undervalued Quality Resurgence, Big Hwang Blows Up
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