Is value a value trap? Is the strategy itself destined to lose ground to the market while it gets cheaper, forever? The theory of value is simple. Stock prices drift away from underlying values in the short term, and drift back towards underlying values in the long term. When the … Read More
Warren Buffett: Top 10 Holdings (Q1 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
(Ep.67) The Acquirers Podcast: Christopher Bloomstran – Tulip Mania, Berkshire, Buffett And Long-Term Compounding
In this episode of The Acquirer’s Podcast Tobias chats with Christopher Bloomstran, President and CIO of Semper Augustus Investments Group, a fundamental, value-driven firm that manages concentrated equity portfolios of well-run, well-capitalized businesses. During the interview Chris provided some great insights into: Berkshire – Shrinking It’s Way Back To Significant … Read More
Seth Klarman: Top 10 Holdings (Q1 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
Stock In Focus – TAM Stock Screener – Gravity Co. Ltd (NASDAQ: GRVY)
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 Gravity Co., Ltd. (NASDAQ: GRVY) Gravity Co Ltd is an … Read More
Ted And Todd Couldn’t Find Anything To Buy In March
During their recent episode of the VALUE: After Hours Podcast, Taylor, Brewster, and Carlisle discussed how Ted And Todd Couldn’t Find Anything To Buy In March. Here’s an excerpt from the episode: Tobias Carlisle: I got a good comment on the screen here, is it funny that Ted and Todd … Read More
This Week’s Best Investing Articles, Research, Podcasts 5/15/2020
Here’s a list of this week’s best investing reads: What Have We Learned Here? (Collaborative Fund) What Happens to Stocks After a Big Up Month? (A Wealth of Common Sense) tHe sToCk MarKeT is iGnorInG tHe rEaL EcONomY (The Reformed Broker) Bill Miller doesn’t see market as ‘dramatically overvalued,’ says Amazon could double … Read More
Michael Mauboussin: Maximize Your Opportunities With Position Sizing
Yesterday we provided an excerpt from a Stanley Drukenmiller interview in which he discussed the importance of sizing your position in an investment, when you think you’re right. Following on that theme, back in 2006 Michael Mauboussin wrote a great paper titled – Size Matters, in which he also discussed … Read More
TAM Stock Screener – Stocks Appearing In Greenblatt, Dalio, 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
VALUE: After Hours (S02 E19): Bumper Buffett BRK.A BRK.B Berkshire Hathaway Bull Session
In this episode of the VALUE: After Hours Podcast, Taylor, Brewster, and Carlisle chat about: Buffett Shows His Genius Through This Crisis Berkshire’s Ted And Todd Couldn’t Find Anything To Buy In March No Stimmy For Berkshire Companies Buffett Worried $137 Billion Is Not Enough Why Did Buffett Bring Up … Read More
Is GameStop Destined To Head The Same Way As Blockbuster?
During his recent interview with Tobias, Will Hershey, Co-Founder and CEO at Roundhill Investments discussed If GameStop Is Destined To Head The Same Way As Blockbuster. Here’s an excerpt from the interview: Tobias Carlisle: So for the individual companies, because they’re all on sort of the release schedules, I guess it takes … Read More
Stanley Druckenmiller: Size, Size, Size, When You Think You’re Right!
Here’s a great interview with Paul Tudor Jones and Stanley Druckenmiller. Tudor Jones asks Druckenmiller how his investment style compares with that of Ray Dalio. Here’s an excerpt from the interview: Paul Tudor Jones: It’s such a contrast what you’re saying right now versus what Ray Dalio said here yesterday … Read More
One Stock Superinvestors Are Buying Or Holding (12)
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
When Buffett Was A Quant
During their recent episode of the VALUE: After Hours Podcast, Taylor, Brewster, and Carlisle discussed Verdad’s article titled – When Buffett Was A Quant. Here’s an excerpt from the episode: Tobias Carlisle: So, sorry for all of the deep value guys who followed me into deep value and have just … Read More
Owners Of Traditional Sports Franchises Buying Esport Franchises To Capture Disgruntled Millennials
During his recent interview with Tobias, Will Hershey, Co-Founder and CEO at Roundhill Investments discussed why Owners Of Traditional Sports Franchises Are Buying Esport Franchises To Capture Disgruntled Millennials. Here’s an excerpt from the interview: Will Hershey: Esports is really global and it’s easy to play. That’s the same reason that … Read More
More People Watch Gaming And Esports, Than Netflix, HBO, ESPN And Hulu Combined
During his recent interview with Tobias, Will Hershey, Co-Founder and CEO at Roundhill Investments discussed how More People Watch Gaming And Esports Than Netflix, HBO, ESPN And Hulu Combined. Here’s an excerpt from the interview: Tobias Carlisle: What’s the difference between gaming and esports? Will Hershey: Yep. So gaming and esports are … Read More
Steven Romick: Top Buys, Top Sells (Q1 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
Howard Marks Memo: Uncertainty; And 8 Of The Best Quotes On Forecasting
Howard Marks has released his latest memo titled – Uncertainty, in which he discusses the uncertainty associated with investing and the difficulty of trying to forecast the future. Included in the memo are eight of the best quotes from some of the greatest minds on forecasting: We have two classes … Read More
Investing From First Principles
During their recent episode of the VALUE: After Hours Podcast, Taylor, Brewster, and Carlisle discussed Investing From First Principles. Here’s an excerpt from the episode: Jake Taylor: So, I thought it would be fun and I’m punting a little bit to this week, because I wrote this up at my … Read More
John Hempton: What We Did Wrong In Q1
John Hempton, Founder and CIO at Bronte Capital recently released his Q1 2020 shareholder letter in which he includes an interesting section titled – What We Did Wrong. Hempton says that they missed a great opportunity to generate outsized returns by being too conservative and not taking full advantage when … Read More