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: Peabody Energy Corp (BTU) Peabody Energy Corp is a producer of … Read More
Warren Buffett: How To Identify Outstanding Managers
In his 1986 Annual Letter, Warren Buffett acknowledges his underperformance in deploying capital compared to the excellent management by his company’s managers. Buffett and Vice Chairman Charlie Munger focus on retaining talented managers, who typically come with acquired companies and perform exceptionally due to their passion and owner-like mentality. Their … Read More
Prem Watsa: Caveat Emptor: The Risks of Long-Term Investment Optimism
In his 2015 Annual Letter, Prem Watsa criticizes the belief that common shares are always great long-term investments, noting historical downturns like the 1929 Dow Jones crash and the Nikkei’s stagnation since 1989. He highlights the potential for significant market risks and emphasizes cautious investment strategies. Watsa cites Ben Graham’s … 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) Walgreens Boots Alliance (WBA) -57.17% Albemarle (ALB) -56.96% Paycom Soft (PAYC) -54.81% FMC (FMC) -44.86% Estee Lauder Companies (EL) … Read More
This Acquirers Multiple Stock Is Undervalued, According to Dalio, Greenblatt, Asness
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
Terry Smith: The Biggest Obstacle For Most Investors To Overcome
In his 2017 Annual Letter, Terry Smith criticizes the overuse of quoting Warren Buffett by those who barely understand his strategies. Instead, he quotes Buffett’s partner, Charlie Munger, who asserts that long-term stock returns align with the business’s returns on capital. Munger emphasizes that high returns on capital significantly impact … Read More
David Einhorn: How To Survive Irrational Markets
In his book – Fooling Some of the People All of the Time, David Einhorn describes the technology stock bubble, where investors poured capital into tech stocks, abandoning traditional investments and value investing. Julian Robertson’s Tiger Fund, which held old-economy stocks, suffered, leading to its liquidation. Einhorn’s fund experienced significant … 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: The Importance of Diversification in Investing
During the 2021 Berkshire Hathaway Annual Meeting, Warren Buffett cautions new stock market entrants against excessive trading, urging them to consider the unpredictability of long-term success for major companies. He highlights a list of the 20 largest companies by market value as of March 31st, led by Apple. Buffett then … Read More
Mohnish Pabrai: The Benefits Of Being A Focused, Solo Investor
In his book – The Dhandho Investor, Mohnish Pabrai explains why a critical law of investing, as demonstrated by Warren Buffett, is the importance of a small team size, ideally just one person. This approach allows for decisive and bold investments, exemplified by Buffett’s decision to invest 40 percent of … 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: Spotting A Business with A Long-Lasting Competitive Edge
During the 2017 Berkshire Hathaway Annual Meeting, Warren Buffett explains how Berkshire Hathaway identifies businesses to acquire, emphasizing long-term competitive advantage, trusted management, and cultural fit. He recalls purchasing See’s Candy in 1972, highlighting their confidence in its lasting appeal despite higher prices. This confidence has led to significant profits … Read More
Howard Marks: Insanity Is Using The Same Investing Strategy In Different Environments
In his recent market commentary, Howard Marks recommends investors recognize that the investment environment and starting points greatly impact their success, especially over shorter time horizons. Einstein’s quote about insanity can be reinterpreted to mean that expecting the same results in a different environment is also folly. The last decade … Read More
Terry Smith – 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
Mastercard Inc (MA) 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, Mastercard Inc (MA). Profile Mastercard is the second-largest payment … Read More
This Week’s Best Value Investing News, Podcasts, Interviews (06/28/2024)
This week’s best investing news: Oaktree Capital’s Howard Marks on US Growth, China Market, Evergrande (Bloomberg) Ray Dalio at GEF-Hong Kong (GEF) The Calm Before the Storm (Verdad) Are the Markets Broken? AQR’s Cliff Asness Weighs In (Bloomberg) Could Lululemon Be Buffett’s Next Buy (Validea) Einhorn’s Greenlight Slams ‘Head of … Read More
Why KT Corp (KT) 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: KT Corp (KT) KT is South Korea’s largest fixed-line telecom operator, … 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) -54.86% Paycom Soft (PAYC) -54.54% FMC (FMC) -44.78% Solventum (SOLV) -44.26% Illumina (ILMN) -42.92% Walgreens Boots Alliance … Read More
Warren Buffett: Increasing Shareholder Value Using The Power of Repurchases
In his 2020 Berkshire Hathaway Annual Letter, Warren Buffett discussed increasing shareholder value by using the power of repurchases. Buffett explained how the previous year Berkshire Hathaway repurchased 80,998 “A” shares for $24.7 billion, increasing shareholders’ ownership by 5.2% without additional investment. Warren Buffett and Charlie Munger made these repurchases … Read More
Mohnish Pabrai: Invest In Businesses With The Most ‘Hair’ On Them
In his book – The Dhandho Investor, Mohnish Pabrai explains why value investing involves investing in businesses negatively perceived by the market, and these businesses often yield the most significant returns. Fama and French’s research shows that from 1963 to 1990, stocks with the lowest price/book ratios outperformed those with … Read More