In his interview with the Financial Crisis Inquiry Commission, Warren Buffett explained that the housing bubble leading to the financial crisis was fueled by a pervasive belief that house prices couldn’t decline. This belief, embedded in psychology and reality, became widely accepted by the media, investors, mortgage bankers, the public, … Read More
Mohnish Pabrai: Aim for a Home Run, Settle for Breaking Even
In this Q&A session with MBA students at Columbia Business School, Mohnish Pabrai discusses the importance of assessing potential risks and outcomes before making investments. He acknowledges that all businesses carry some level of uncertainty and a small probability of failure. Pabrai views investing as a game of probabilities, striving … Read More
Howard Marks – 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 E47): Jason C. Buck On Volatility, Options, Crises, Crashes, Value And Reasons To Be Optimistic
In their latest episode of the VALUE: After Hours Podcast, Tobias Carlisle, Jake Taylor, and Jason Buck discuss: The Risks of Shorting MSTR and Long Bitcoin Why Value Investing Struggles in Manias From FANG to BAATMANN: Mag8 The Future of AI Assistants: Automation, Agency Bots, and Finance Implications The Tyranny … Read More
Merck & Co Inc (MRK) 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, Merck & Co Inc (MRK). Profile Merck makes pharmaceutical … Read More
Weekly Investing Roundup – News, Podcasts, Interviews (12/20/2024)
This week’s best investing news: What You Can Learn From Young Warren Buffett (WSJ) Ray Dalio on economic forces, division and the future (National News) Persistent Alpha: Lessons from the Pod Shops (Verdad) An Interview with Jeffrey Gundlach (Future Proof) Validea’s Top Benjamin Graham Stocks – December 2024 (Validea) What’s … Read More
Equinor ASA (EQNR): 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’s possibly a deeply undervalued gem. The Stock this week is: Equinor ASA (EQNR) Equinor ASA is a Norwegian state-owned multinational energy company headquartered in Stavanger, … Read More
Why REITs Can’t Compound Like Berkshire
During their recent episode, Taylor, Carlisle, and Bill Lenehan discussed Why REITs Can’t Compound Like Berkshire. Here’s an excerpt from the episode: Jake: Yeah. Do you have any– Is there any reticence or– I don’t want to say regret, that’s not the right word. But the fact that the REIT … Read More
Warren Buffett: Focus On The Spots Where You Have An Edge
During the 2019 Berkshire Hathaway Annual Meeting, Warren Buffett and Charlie Munger discussed some valuable lessons for investors. First, thorough research and knowledge give a competitive edge, as Buffett demonstrated by seeking obscure information in insurance. Second, expertise in a specific area is crucial; focusing on what you understand best … Read More
Ray Dalio: Markets Tend To Equalize Opportunities Across All Bets
During this interview with William Green, Ray Dalio discusses the challenges of succeeding in financial markets, describing them as highly competitive and akin to a zero-sum game, where one participant’s gain is another’s loss. He highlights the complexity and resources required, noting Bridgewater’s extensive research and large team. Dalio stresses … 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) Walgreens Boots Alliance (WBA) -56.86% Intel (INTC) -54.58% Celanese (CE) -54.05% Moderna (MRNA) -52.83% Humana (HUM) -48.43% Dollar Tree … Read More
Which Superinvestors Hold Acquirer’s Multiple Stocks?
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, Prem Watsa, Jeremy Grantham, Seth Klarman, Ray Dalio, and … Read More
Applying Raymond Loewy’s MAYA Principle to Modern Markets
During their recent episode, Taylor, Carlisle, and Bill Lenehan discussed Applying Raymond Loewy’s MAYA Principle to Modern Markets. Here’s an excerpt from the episode: Jake: Wow. Great job teasing that, TC. What a legend. Tobias: Becoming almost a professional podcaster at this point. Jake: Yeah, the 3,000th time is the … Read More
Warren Buffett: One of My Most Significant Investing Mistakes
In his 2020 Berkshire Hathaway Shareholder Letter, Warren Buffett reflects on an $11 billion write-down related to Berkshire’s 2016 acquisition of Precision Castparts (PCC), admitting he overpaid due to overly optimistic profit projections. Buffett emphasizes that no one misled him and praises PCC as a fine company with an exceptional … Read More
Howard Marks: How to Take the Market’s Temperature
In his memo titled – Taking The Temperature, Howard Marks discusses the importance of “taking the temperature of the market” by observing patterns and cycles driven by investor psychology. Study market history to recognize that extreme optimism or pessimism often leads to corrections. Cycles stem from excesses, where strong movements are … 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, Prem Watsa, Jeremy Grantham, Seth Klarman, Ray … Read More
Capital Allocation Strategies for REIT Success
During their recent episode, Taylor, Carlisle, and Bill Lenehan discussed Capital Allocation Strategies for REIT Success. Here’s an excerpt from the episode: Tobias: The REIT sounds like it’s really geared towards good capital allocation rather than trying to identify any sort of individual trophy property or trying to have like … Read More
Warren Buffett: The Moment That Transformed My Investment Strategy for Success
During this interview with Charlie Rose, Warren Buffett describes his early fascination with stock trading, starting at age 11. Initially, he focused on predicting stock price movements using technical analysis and charts, immersing himself in books like Edwards and McGee. For years, he believed success depended on forecasting the stock … Read More
David Einhorn – Ignoring Macro Risks Cost Me Big-Time
During this speech at the Value Investing Conference 2009, David Einhorn reflects on a costly investment mistake during the housing bubble, attributing it not to bad luck but to flawed analysis. He dismissed warnings from Stanley Druckenmiller about the risks of a housing and debt bubble, believing timing such macroeconomic … 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, Prem Watsa, Jeremy Grantham, Seth Klarman, … Read More