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
VALUE: After Hours (S03 E12): The Risks And Rewards Of Concentration, PG’s Axioms And Neversell
In this episode of the VALUE: After Hours Podcast, Taylor, Brewster, and Carlisle chat about: The Risks And Rewards Of Concentration Paul Graham’s Axioms If You Were Born 15 Years Later Would You Still Be A Value Investor Price Is Not A Valid Reason To Sell Never Sell Was The … Read More
DoubleLine: Busting 5 Common Misconceptions About The Death Of Value Investing
A recent paper by DoubleLine refutes five commonly held misconceptions about the death of value investing. These are: 1. Book Value Is Flawed. Therefore, No Compelling Value Spread Exists 2. This (High-Tech) Time, It’s Different 3. The (Super) Stars Will Shine 4. Low Rates Lay Low Value Investors 5. The … 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
Airlines At Ludicrous Speed
In their recent episode of the VALUE: After Hours Podcast, Taylor, Brewster, and Carlisle discussed Airlines At Ludicrous Speed. Here’s an excerpt from the episode: Tobias: Well, this is my topic. Let’s jump into what I was going to talk about. I saw a tweet today that said the Jets, … Read More
Jeffrey Gundlach: Your First Loss Is Your Best Loss
Here’s a great interview with Jeffrey Gundlach on Real Vision in which he discusses a number of topics including some of his biggest mistakes. Here’s an excerpt from the interview: JEFF GUNDLACH: It’s funny. The very first big trade I did was actually the most successful trade of my career. … 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
Testosterone In Investing
In their recent episode of the VALUE: After Hours Podcast, Taylor, Brewster, and Carlisle discussed Testosterone In Investing. Here’s an excerpt from the episode: Jake: This week, we’re going to be talking about testosterone in investing. Bill: This is good on the back of talking about punting. It’s a good … Read More
Bill Ackman: PSH Is Not A Conglomerate Like Berkshire
In his latest 2020 Pershing Square Holdings Annual Report, Bill Ackman stresses PSH is not a conglomerate like Berkshire Hathaway. Here’s an excerpt from the letter: In this year’s Berkshire Hathaway annual letter, Warren Buffett writes about the “terrible reputation” that has been “earned” by conglomerates. He explains that this … Read More
Mark Leonard: How About A Thought Experiment
In his 2015 letter to shareholders, Mark Leonard posed the following thought experiment: How about a thought experiment? Assume attractive return opportunities are scarce and that you are an excellent forecaster. For the same price you can purchase a high profit declining revenue business or a lower profit growing business, … Read More