Mohnish Pabrai: Mastering the Odds for Outsized Returns

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In his book – The Dhando Investor, Mohnish Pabrai advocates investing like playing blackjack – bet heavily when the odds are overwhelmingly in your favor. His “Dhandho” approach involves finding a temporarily distressed but good business with a durable moat, within your circle of competence. Determine its intrinsic value 2-3 years … Read More

Buffett’s Purposeful Detachment from the Stock Market

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During their recent episode, Taylor, Carlisle, and Robert G Hagstrom discussed Buffett’s Purposeful Detachment from the Stock Market, here’s an excerpt from the episode: Tobias: What is The Warren Buffett Way in the book, The Warren Buffett Way. What’s your conception about that Robert: Well, yeah, it is– Warren has … Read More

Howard Marks – Top 10 Holdings – Latest 13F

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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 E22): Robert G Hagstrom On The Warren Buffett Way And The Art Of Value

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In their latest episode of the VALUE: After Hours Podcast, Tobias Carlisle, Jake Taylor, and Robert G Hagstrom discuss: Buffett’s Purposeful Detachment from the Stock Market How to Apply Buffett’s Snickers Bar Analogy to Investing How Isaac Asimov’s Theories on Creativity Can Inspire Modern Innovation Navigating Public Markets with a … Read More

Why Philip Morris International Inc (PM) Stock Is A Buy? Acquirer’s Multiple Stock Screener Analysis

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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: Philip Morris International Inc (PM) Philip Morris International is an international … Read More

Warren Buffett: Financial Deception: How Small Deceptions Lead To Habitual Dishonesty

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In his 1998 Berkshire Hathaway Annual Letter, Warren Buffett critiques corporate manipulation of financial results using a humorous golf metaphor. He describes a golfer who records atrocious scores initially, then claims to “restructure” their swing and counts only good scores in subsequent rounds, thus masking true performance. Another tactic involves … Read More