If there’s one thing Jim Chanos isn’t lacking, it’s conviction. The legendary short seller—most famous for calling out Enron long before the collapse—joined On The Tape for a candid, sharp, and often hilarious look at the state of today’s markets, and let’s just say: he’s not bullish. Right off the … Read More
Howard Marks: Tariffs, Turmoil, and Where to Find Opportunities
Howard Marks’ latest memo, “Nobody Knows (Yet Again),” is a stark reminder of how unpredictable the world—especially the economy—can be. Drawing parallels to the 2008 financial crisis and the COVID-19 pandemic, Marks emphasizes that certainty is a luxury we rarely have, especially during upheavals. “There’s absolutely no place for certainty … Read More
10 Worst Performing Large-Caps Last 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) Moderna (MRNA) -77.11% Estee Lauder Companies (EL) -64.40% Super Micro Computer (SMCI) -63.81% Albemarle (ALB) -60.05% Microchip Technology (MCHP) … Read More
This Week’s Acquirer’s Multiple FREE U.S Large-Cap Stock Screener Analysis
This week’s large-cap screener covers a wide array of industries, including energy, finance, homebuilding, automobiles, telecommunications, and consumer retail. Among these, sectors like energy, specialty finance, and consumer cyclicals appear to offer the most compelling value based on the Acquirer’s Multiple (AM), a key metric that identifies undervalued companies. Specialty … Read More
Howard Marks: Why Do Investors Repeatedly Make The Same Mistakes?
Howard Marks has long warned of the dangers of short memories in finance. In his memo Hindsight First, Please (or, What Were They Thinking?), he underscores how easily investors repeat mistakes by ignoring history. As Marks puts it, quoting John Kenneth Galbraith, “the extreme brevity of the financial memory” is … Read More
Francois Rochon: How to Profit When Stocks Crash (Even If You’re 100% Invested)
Francois Rochon recently dropped some serious investing gems on the Meb Faber Podcast, and if you’ve ever stressed about market crashes, his perspective is a breath of fresh air. He didn’t sugarcoat it—bear markets are basically a guarantee. “It’s more than very likely—it’s almost 100% sure that there will be … Read More
One Stock 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 13Fs. Investors such as Warren Buffett, Joel Greenblatt, Carl Icahn, Prem Watsa, Jeremy Grantham, Seth Klarman, Ray … Read More
Bruce Berkowitz: Contrarian Value Investing Lessons
One of my favorite investors to follow is Bruce Berkowitz, founder and portfolio manager of Fairholme Capital Management. In this WealthTrack interview, I’ve pulled out some of his most valuable lessons for investors. First, focus on facts, not fear. As Berkowitz puts it: “The negatives are all uncertainty about the … Read More
David Abrams: Focus on Multiple Future Paths in Investing
David Abrams, Founder of Abrams Capital and former Baupost Group investor, seldom speaks publicly. In a rare interview with Value Investing with Legends, he shared key principles behind his investing strategy. Investing begins with a simple but critical question: “What’s the risk?” As David Abrams explains, the first step is understanding … Read More
One Stock 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 13Fs. Investors such as Warren Buffett, Joel Greenblatt, Carl Icahn, Prem Watsa, Jeremy Grantham, Seth Klarman, … Read More
Bill Nygren: Finding Value in the Shadows of the “Magnificent Seven”
The relentless dominance of tech giants—the so-called “Magnificent Seven”—has left many solid companies trading at bargain valuations, creating what veteran investor Bill Nygren calls “an unusual opportunity.” In his recent CNBC interview, the Oakmark Fund portfolio manager highlighted overlooked stocks with single-digit P/E ratios, arguing that the market’s fixation on … Read More
Howard Marks on Tariffs, Market Risks & Opportunities
Howard Marks has navigated market cycles for decades, but his recent Bloomberg interview revealed even he finds today’s environment extraordinary. “This is the biggest change in the environment that I’ve seen probably in my career,” he says. The rapid shift from globalization to trade wars and tariffs has created unprecedented … Read More
Seth Klarman: These Top 7 Positions Make Up 65.66% Of His Portfolio (Analysis)
Seth Klarman’s top 7 positions make up 65.66% of his current portfolio, with a strong concentration in Willis Towers Watson PLC (WTW), which alone accounts for 16.75%. Below is an in-depth look at each holding, analyzing position size, value, percentage of portfolio, and recent changes. Willis Towers Watson PLC (WTW) … Read More
NVIDIA Corporation (NVDA): Our Calculation of Intrinsic Value
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 not in our screens, NVIDIA Corporation (NVDA). Profile NVIDIA Corporation is a global leader in graphics … Read More
Weekly Investing Roundup – News, Podcasts, Interviews (04/04/2025)
This week’s best investing news: Howard Marks – Top Takeaways from Oaktree’s Quarterly Letters – March 2025 (OakTree) Joel Greenblatt defends value investing: It’s not difficult to beat the market (CNBC) Jeremy Grantham – Rising Toxicity And The Threat To Capitalism And Life Itself (GMO) The Acquirer: Hiroshi Nojima, Nojima … Read More
Petroleo Brasileiro ADR (PBR): Is This Deeply Undervalued Stock a Hidden Gem?
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 might be a deeply undervalued gem. The stock this week is: Petroleo Brasileiro ADR Reptg 2 Ord Shs (PBR) Petroleo Brasileiro, commonly … Read More
Howard Marks: How Investing Psychology Creates Market Bargains
Howard Marks makes a pretty simple but powerful point in The Most Important Thing: bargains don’t come from things everyone loves. They come from things people are scared of, don’t understand, or just ignore. As he puts it, “the necessary condition for the existence of bargains is that perception has … Read More
Terry Smith: Key Lessons from Fundsmith’s Latest Annual Meeting
Terry Smith’s latest shareholder meeting offered a refreshing dose of straight talk for investors. His candid reflections cut through the usual market noise and provided some lessons worth remembering. Even top performers have off years, as Smith openly admitted when discussing Fundsmith’s recent performance: “Last year wasn’t our finest hour. … Read More
This Week’s Acquirer’s Multiple FREE U.S Large-Cap Stock Screener Analysis
This Week’s Large-Cap Value Screener This week’s screener highlights a broad mix of sectors, ranging from Integrated Oil and Gas Exploration and Production, Computer Hardware and Storage, Telecommunications Services, Specialty Finance and Energy Utilities. With market volatility still elevated, we’re seeing some standout opportunities in companies with low Acquirer’s Multiples, … Read More
10 Worst Performing Large-Caps Last 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) Moderna (MRNA) -73.63% Super Micro Computer (SMCI) -64.05% Estee Lauder Companies (EL) -54.12% DexCom (DXCM) -50.76% Align Technology (ALGN) … Read More