During their recent episode, Taylor, Carlisle, and Adam Mead discussed Regular Portfolio Cleaning Enhances Investment Focus, here’s an excerpt from the episode: Jake: I was just going to say, I know an investor who, if a position– He has a position, minimum, so if something falls below certain threshold, either … Read More
Warren Buffett: Prosperity Makes It Hard for Companies to Stay Disciplined
In the book – The Snowball, Warren Buffett discussed Coca-Cola’s costly “Project Infinity,” criticized by Herbert Allen for excessive spending with unclear benefits. Buffett, a board member, expressed frustration, noting that IT departments often pursue unnecessary projects. He believed the project wouldn’t boost Coca-Cola sales or reduce jobs, highlighting a … Read More
Stanley Druckenmiller: Take Big Swings Especially When You’re Up
In the book – The New Market Wizards there’s an interview with Stanley Druckenmiller in which he discusses George Soros’s investment philosophy, which emphasizes preserving capital and taking big swings for exceptional long-term returns. Unlike many managers who play it safe after achieving moderate gains, Soros believes in pushing for … 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
Watchlist Investing And The Neighbor’s House Analogy
During their recent episode, Taylor, Carlisle, and Adam Mead discussed Watchlist Investing And The Neighbor’s House Analogy, here’s an excerpt from the episode: Tobias: [crosstalk] When you’re constructing your portfolios, Adam, do you take that idea of taking the big bets? Do you like that idea of narrowing down to … Read More
Howard Marks: The Best Investment Opportunities Arise from Unpopularity
In this Addendum titled – Random Thoughts on the Identification of Investment Opportunities, Howard Marks explains why psychology is more crucial in investing than accounting or economics. He explains that future price changes depend on whether an investment becomes more popular or less popular over time. Investing is compared to … Read More
Ian Cassel: Finding Companies That Can Double Your Money In 3 Years
During his recent interview on The Investor’s Podcast, Ian Cassel discusses his investment approach, emphasizing the importance of assessing potential downsides before considering upsides. He looks for opportunities where he believes he can double his money in three years, often focusing on undervalued companies with strong growth potential. Cassel highlights … 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
Buffett’s Willingness To Be Wrong
During their recent episode, Taylor, Carlisle, and Adam Mead discussed Buffett’s Willingness To Be Wrong, here’s an excerpt from the episode: Jake: Anything appreciable on something we’ve talked about before is the idea of statistical time versus behavioral time. So, you can look at things on a chart, and it’s … Read More
Joel Greenblatt: Is Stock Market Investing Right for Your Personality Type?
In his book – You Can Be A Stock Market Genius, Joel Greenblatt draws a parallel between sailing as a hobby and successful long-term investing. He emphasizes that both activities should be enjoyed for the journey rather than focusing solely on the destination. Just as sailing isn’t about reaching a … Read More
Warren Buffett: How Ted and Todd Complement My Investment Strategy
During the 2016 Berkshire Hathaway Annual Meeting, Warren Buffett explains that he seeks very large deals in investments or operating businesses, while his associates, Ted Weschler and Todd Combs, manage $9 billion portfolios with fewer, smaller positions. Despite this difference, their investment approach is similar, focusing on understanding businesses and … Read More
Bruce Berkowitz – 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
VALUE: After Hours (S06 E26): Adam Mead on The Financial History of Berkshire and Warren Buffett
In their latest episode of the VALUE: After Hours Podcast, Tobias Carlisle, Jake Taylor, and Adam Mead discuss: Buffett’s Willingness To Be Wrong Watchlist Investing And The Neighbor’s House Analogy Regular Portfolio Cleaning Enhances Investment Focus Unlocking Investment Intuition: Lessons from Chicken Sexing The Hidden Global Reach of Nasdaq-100 Companies … Read More
PepsiCo Inc (PEP) 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, PepsiCo Inc (PEP). Profile PepsiCo is a global leader … Read More
This Week’s Best Value Investing News, Podcasts, Interviews (07/26/2024)
This week’s best investing news: Howard Marks – Getting The Odds On Your Side (3 Takeaways) The Rise of Alternatives (Verdad) Pzena Investment Management Q2 2024 Commentary: US Dominance and Global Market Trends (Pzena) Oakmark’s Bill Nygren on Alphabet’s Q2 earnings (CNBC) Aswath Damodaran – Country Risk: The 2024 Update (AD) … Read More
Why Unilever PLC (UL) 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: Unilever PLC (UL) Unilever is a diversified personal-care (52% of 2022 … Read More
Why Society Needs More ‘Elon Musks’ with Better Risk Management
During their recent episode, Taylor, Carlisle, and Luca Dellanna discussed Why Society Needs More ‘Elon Musks’ with Better Risk Management, here’s an excerpt from the episode: Jake: I wondered if reading biographies might have some problematic nature to it, because biographies are all Alice’s. No one’s reading Bob’s biography. So, … Read More
Mohnish Pabrai: Investing Success: The Case for Doing Nothing
In this article titled – Buffett Succeeds At Nothing, Mohnish Pabrai reflects on Blaise Pascal’s quote about misery stemming from an inability to sit quietly and applies it to portfolio managers. He discusses D. E. Shaw & Co., a firm that achieved spectacular risk-free returns through sophisticated bond arbitrage, allowing … Read More
Jeremy Grantham: Overcoming Fear in Investing: Key Steps to Avoid Terminal Paralysis
In this article titled – Reinvesting when Terrified, Jeremy Grantham discusses how to invest during periods of terminal paralysis, which in the context of investing refers to a state of inaction and indecisiveness caused by fear and uncertainty, particularly during market downturns or volatile periods. Investors in this state are … 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) -60.67% Albemarle (ALB) -56.72% Paycom Soft (PAYC) -52.56% Estee Lauder Companies (EL) -42.15% Enphase Energy … Read More