During their recent episode of the VALUE: After Hours Podcast, Taylor, Brewster, and Carlisle discussed $ZM Fatigue & Growth Forecasts. Here’s an excerpt from the episode: Bill: Here’s what I don’t understand on Zoom. Okay. You’ve got huge growth this year, huge. 262%, okay, to $2 billion, we’re trading in … Read More
Best Of 2020 – The Acquirers Podcast: Ian Cassel – Intelligent Fanatic, A Masterclass In Microcap Investing
As part of our ‘Best of 2020 Acquirers Podcast Series’, earlier this year Tobias had a great interview with Ian Cassel. Ian is the Founder of MicroCapClub and Intelligent Fanatics Capital Management. He specialises in micro-cap investing, and believes that the key to outsized returns is finding great companies early, because all great … Read More
Cliff Asness: Value Investing – The Reason It Will Continue To Work Is Because It Doesn’t Always Work
Cliff Asness had just written another great piece titled – A Gut Punch, in which he discusses, this year, “with its two very different phases (January to October and November to present) where we (and many quants in general) have managed to stink in both. I’m going to focus my … Read More
Warren Buffett: 1959 Activist
In Alice Schroeder’s book – The Snowball, she recounts a great story about Warren Buffett, the twenty nine year old activist, who was fed up with Sanborn Board members refusing to distribute the company’s investments to its shareholders, and instead wasting shareholders money on cigars. It’s also an early illustration … Read More
Jeremy Siegel: Value Will Outperform Growth In 2021
In his recent annual interview with Advisor Perspectives, Wharton Professor of Finance Jeremy Siegel discussed a number of topics including bond yields, secular changes, movement out of cities into suburbs, inflation and interest rates, and the performance of value investing in 2021. Here’s a couple of excerpts from the interview: … 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
Stunning Valuations $TTD, $PTON
During their recent episode of the VALUE: After Hours Podcast, Taylor, Brewster, and Carlisle discussed Stunning Valuations $TTD, $PTON. Here’s an excerpt from the episode: Tobias: I went through some of the names that people have thrown out on the podcast, on my other podcast, just to sort of see, … Read More
Best Of 2020 – The Acquirers Podcast: Dan McMurtrie – SuperMugatu – Long/Short Equity, Bangladesh Venture Capital, And Millennial Dating
As part of our ‘Best of 2020 Acquirers Podcast Series’, earlier this year Tobias had a great interview with Dan McMurtrie. He’s the Founder of the Long/Short hedge fund Tyro Partners and Bangladesh VC fund – Anchorless Bangladesh. He’s also written the modern male millennial version of Carrie Bradshaw’s Sex and the City … Read More
Michael Mauboussin: The Trouble with Earnings and Price/Earnings Multiples
Some years ago Michael Mauboussin and Alfred Rappaport released a great paper titled – The Trouble with Earnings and Price/Earnings Multiples, in which they discuss the shortcomings of traditional valuation metrics ROE, and P/E. Here’s an excerpt from the paper: Wall Street is a world filled with rules of thumb … Read More
Prem Watsa: Insane Valuations!! The Best Days Are Ahead For Value Investors
Here’s a recent article from the Globe and Mail titled – Fairfax CEO Prem Watsa touts traditional value investing amid frenzy for tech stocks like Shopify, in which Prem Watsa says that today’s valuations for some wonderful companies are ‘insane’. He adds that the best days are ahead for value … Read More
David Einhorn’s Top 10 Holdings (Q3 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
Best Of 2020 – The Acquirers Podcast: Cliff Asness – Cliff’s Perspective, Systematic Value. Do Fundamentals Matter?
As part of our ‘Best of 2020 Acquirers Podcast Series’, earlier this year Tobias had a great interview with Cliff Asness, Co-Founder of AQR. During the interview Cliff provided some great insights into: Systematic Value Investing Do Fundamentals Still Matter? Does Price-To-Book Still Work? Is There A Correlation Between Value Investing … Read More
Charles Munger: 6 Traits Of Being A Great Investor
In his recent Caltech webinar, Charles Munger was asked, what are the traits of being a great investor? Here’s his response: Charlie: Obviously you have to know a lot. But partly it’s temperament. Partly it’s deferred gratification. You got to be willing to wait. Good investing requires a weird combination of patience and aggression … Read More
Stock In Focus – TAM Stock Screener – Smith & Wesson Brands Inc (NASDAQ: SWBI)
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 Smith & Wesson Brands Inc (NASDAQ: SWBI). Smith & Wesson … Read More
High-Growth Reinvestment
During their recent episode of the VALUE: After Hours Podcast, Taylor, Brewster, and Carlisle discussed High-Growth Reinvestment. Here’s an excerpt from the episode: Tobias: Yes. I’ve been looking at some of the better-performed businesses out there, just try and back into some of the valuations and see what’s interesting. Basically, … Read More
This Week’s Best Value Investing News, Research, Podcasts 12/18/2020
Here’s a list of this week’s best investing news: Charlie Munger – Caltech Webinar (Caltech) Siren Songs: IPOs & SPACs (Jamie Catherwood) Earnestness (Paul Graham) Capturing Excess Returns from Rating Changes (Verdad) Last Man Standing (Collaborative Fund) Warren Buffet on Saving American Small Business Full Interview (CNBC) Find The Courage To Act (Felder) Stephen … Read More
Jeff Auxier: Warren Buffett Told Me To Get Far Away From Wall Street And Move To A Farm
Here’s a great interview with Jeff Auxier on Value Investing Live, in which he discusses a conversation he had with Warren Buffett, who recommended that he get as far away from Wall Street and move on to a farm in order to have independence of thought. Here’s an excerpt from … Read More
Jake Taylor: How To Know If You’re A Skillful Or Lucky Investor
In his recent interview on the InvestED Podcast, Jake Taylor, co-host on our Value After Hours Podcast provided a great hack on how to know if you have skill or you’re just lucky in investing. Here’s an excerpt from that interview: Taylor: One of the most difficult things in this … Read More
Acquirer’s Multiple Stock $SNX Appearing In Einhorn, Greenblatt, Grantham 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
VALUE: After Hours (S02 E49): High-Growth Reinvestment, Active Investment, And Magic Numbers
In this episode of the VALUE: After Hours Podcast, Taylor, Brewster, and Carlisle chat about: High-Growth Reinvestment Magic Numbers Active Investment Create A Buy List Stunning Valuations $TTD, $PTON $ZM Fatigue & Growth Forecasts $SPOT v YouTube $DISCA Streaming Wars $BABA Subsidiaries Bundling The Food Network & $QRTEA Superforecasting – … Read More