Here’s a list of this week’s best investing reads: Why You Feel At Home In A Crisis (Farnam Street) Never The Same (Collaborative Fund) The Air Conditioning Effect (A Wealth of Common Sense) A Viral Market Update X: A Corporate Life Cycle Perspective (Aswath Damodaran) Pzena Investment Management: Global Banks – Resilience in the … Read More
TAM Stock Screener – Stocks Appearing In Buffett, Greenblatt, Simons 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, … Read More
Bill Ackman: Engrave Your Investment Principles In Stone And Stick To Them
In this recent interview with David Rubenstein on Bloomberg Bill Ackman discussed the mistakes he made circa 2015/2016 which saw a significant drop off in his performance and how he turned it around. Here’s an excerpt from the interview: Q. So let’s talk about for a moment some of the … Read More
VALUE: After Hours (S02 E25): Dark Matter, Treacherous Markets, Bill’s Robinhood Statement
In this episode of the VALUE: After Hours Podcast, Taylor, Brewster, and Carlisle chat about: Investors Should Be Very Wary Of Financial Market Commentary Dark Matter Treacherous Markets Most Investors Know Very Little About What’s Actually Happening Inside A Company TransDigm’s 4000% Gross Margins The First Thing To Check In … Read More
Finding A ‘Cusper’ To Run Your Acquisition
During his recent interview with Tobias, Michael Girdley, Executive Chairman at Dura Software discussed Finding A ‘Cusper’ To Run Your Acquisition. Here’s an excerpt from the interview: Michael: Yeah. Our model is actually– we look for a very specific type of person, so we look for a man or woman that we call … Read More
Jonathon Tepper: Big Tech Behemoths Crush Innovation And Annihilate Competition
We’ve just finished reading The Myth Of Capitalism – Monopolies And The Death of Competition by Jonathon Tepper of Variant Perception and Denise Hearn. The book tells the story of how America has gone from an open, competitive marketplace to an economy where a few very powerful companies dominate key … Read More
Ken Fisher: The Reason Warren Buffett’s Been Inactive Is Due To His Age
In a recent interview with CNBC-TV18 famed investor Ken Fisher discussed his thoughts on Warren Buffett’s inactivity during the COVID crisis based on his own experience with his father Philip Fisher saying: Because of my father, when I was young I got to meet some great investors. The reality of … Read More
One Stock Superinvestors Are Buying Or Holding (18)
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
Bankruptcy Gamblers
During their recent episode of the VALUE: After Hours Podcast, Taylor, Brewster, and Carlisle discussed Bankruptcy Gamblers. Here’s an excerpt from the episode: Tobias: It’s just the market is full of gamble at the moment. I doubt that most people who are buying that even know that it’s in bankruptcy. … Read More
The Playbook – System of Systems for Business and Startup Management for Companies with <50 Employees
During his recent interview with Tobias, Michael Girdley, Executive Chairman at Dura Software discussed his Playbook – System of Systems for Business and Startup Management for Companies with <50 Employees. Here’s an excerpt from the interview: Tobias: That’s kind of interesting. Often you find these things, they’ve got to the peak of some … Read More
Jim O’Shaughnessy: Never Override Your Investing Model
In this interview with the Jack and Justin at The Excess Returns Podcast, Jim O’Shaughnessy discusses a number of timeless investing lessons and the importance of never overriding your investing model. Here’s an excerpt from the interview: You will never see us make a change because of a recent market … Read More
Aswath Damodaran: When So Called Pros Bet And Make Money It’s Skill, When Robinhood Investors Make Money It’s Speculation. Why?
In this interview with CNBC, Aswath Damodaran highlighted the hypocrisy of commentary coming from so called professional investors and market commentators towards Robinhood investors, some of which have been generating outsized returns. Here’s an excerpt from the interview: Q: Robinhood often gets the focus here especially because they’re part of … Read More
The Right Size II
During their recent episode of the VALUE: After Hours Podcast, Taylor, Brewster, and Carlisle discussed The Right Size II. Here’s an excerpt from the episode: Jake: Alright are we ready for some veggies to part two of on being the right size, Bill. Jake: Last week, we talked about how … Read More
Finding Opportunities In Horizontally Focused Hyper-Niche Software Businesses
During his recent interview with Tobias, Michael Girdley, Executive Chairman at Dura Software discussed Finding Opportunities In Horizontally Focused Hyper-Niche Software Businesses. In the context of identifying niche software businesses, the significance of specialized tools like project forecasting and estimating solutions cannot be overstated. Michael Girdley’s insights underscore the importance of … Read More
(Ep.72) The Acquirers Podcast: Michael Girdley – Niche Acquirer, Dura Software’s Hyper-Niche SME Acquisition Strategy
In this episode of The Acquirer’s Podcast Tobias chats with Michael Girdley, Executive Chairman at Dura Software, a firm that specializes in acquiring hyper-niche software businesses. During the interview Michael provided some great insights into: Finding Opportunities In Horizontally Focused Hyper-Niche Software Businesses The Playbook – System of Systems for … Read More
Annie Duke & Morgan Housel: Is This The Reason Warren Buffett Has Been Quiet Lately
Here’s a great conversation with Morgan Housel and Annie Duke at the 73rd CFA Institute Annual Virtual Conference last month in which they discuss a number of topics around managing risk, investing during periods of uncertainty, and the importance of humility in the investment decision making process. During the conversation … Read More
Stock In Focus – TAM Stock Screener – Compx International Inc. (NYSEAMERICAN: CIX)
As part of a new series here at The Acquirer’s Multiple, we’re providing a new feature called ‘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 Compx International Inc. (NYSEAMERICAN: CIX). Compx International Inc is a … Read More
Price Drives Diligence
During their recent episode of the VALUE: After Hours Podcast, Taylor, Brewster, and Carlisle discussed Price Drives Diligence. Here’s an excerpt from the episode: Bill: Yeah, I can do it. I guess the security that resides in my portfolio that is both the biggest and is most on my mind … Read More
This Week’s Best Investing Articles, Research, Podcasts 6/19/2020
Here’s a list of this week’s best investing reads: Some Things About the Markets That Will Never Change (A Wealth of Common Sense) Same As It Ever Was (Collaborative Fund) Deserving It (MicroCapClub) The Portnoy Top (Epsilon Theory) Howard Marks Memo – The Anatomy of a Rally (OakTree) Stop Preparing For The Last Disaster (Farnam … Read More
Terry Smith’s Owners Manual – 14 Filters For Purchasing A Great Investment
One of the investors we watch very closely here at TAM is Terry Smith, CEO at Fundsmith. We’ve recently been reading through the Fundsmith ‘Owners Manual’ which is very similar to the Berkshire Owners Manual. One of the sections in the manual covers Smith’s fourteen filters for purchasing a great … Read More