During his recent interview with Tobias, Jon Boyar, JD/President of Boyar Research, discussed the problem with investing in cyclical businesses is that you have to be right twice saying: Tobias: What sort of businesses are you looking for? Would you consider cyclicals or do you avoid the cyclicals? How do … Read More
Michael Burry: What Was The Secret Sauce Of The Doomsday Machine
Here’s a great lecture by Michael Burry at the Vanderbilt University in 2011 in which he discusses how the financial crisis happened, why it should have been obvious to everyone, and what was the secret sauce of the doomsday machine. Here’s an excerpt from the lecture: So seeing the economy … Read More
(Ep.51) The Acquirers Podcast: Jon Boyar – Private Equity – Private Market Value, Spinoffs, And Super Mario Gabelli
In this episode of The Acquirer’s Podcast, Tobias chats with Jon Boyar. He is the JD/President of Boyar Research, which is one part of the value investing firm, Boyar Value Group. the Boyar family of companies has successfully navigated through many fads, gimmicks and market volatility over the past 40 … Read More
TAM Stock Screener – Stocks Appearing In Greenblatt, Dalio, Fisher 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
Tobias Carlisle On The Millennial Podcast
This week Tobias had a chat with Robert Leonard at The Millennial Podcast. During the interview they discussed various stock market investing strategies, such as deep value, value investing, and quantitative value. They also explore what an Acquirer’s Multiple is, how to find and analyze individual companies to invest in, … Read More
Monster Compounder Heico Corp
In this week’s episode of the VALUE: After Hours Podcast, Taylor, Brewster, and Carlisle discuss monster compounder, Heico Corp. Here’s an excerpt from the episode: Tobias Carlisle: Should I take it away with Heico? Great article. So I was sort of talking about that a little bit last week that it’s … Read More
This Week’s Best Investing Articles, Research, Podcasts 1/31/2020
Here’s a list of this week’s best investing reads: Being A Noob (Paul Graham) Why Market Timing Can Be So Appealing (Of Dollars and Data) 2020 Predictions (Scott Galloway) What the 2020s Will Look Like For the Markets (A Wealth of Common Sense) Are We Witnessing Another Corporate Earnings Bubble? (Felder Report) … Read More
David Tepper – Top New Buys, Top Sold Out Positions
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
Sam Zell: Where There’s No Competition You Can Produce Exceptional Margins
We’ve just been listening to a fantastic interview with Sam Zell on Tim Ferriss’ podcast. During the interview Zell speaks about one of his most successful investments and a lesson that he learned that’s important for all investors: Where there’s no competition you can produce exceptional margins. Here’s an excerpt … Read More
Value: After Hours S02 E04: How $HEI ran 47,500%; Anti-FOMO Starter Size Rules; and Value vs Glamour
Summary In this episode of the VALUE: After Hours Podcast, Taylor, Brewster, and Carlisle chat about: Heico Corp Has Increased It’s Share Price By Five Times More Than Berkshire The Stretched Rubber Band Between Growth And Value The Price That You Pay Erodes All Of The Intelligence You Had On … Read More
150 Years Of Evidence Suggests Value Investing Will Survive
In this episode of The Acquirer’s Podcast, Tobias chats with. Simon Adler. He’s a Fund Manager on the Schroders Global Value Team and he manages two funds, Global Recovery and Global Income. During the interview Simon discussed how 150 years of evidence suggests that value investing will survive: Tobias Carlisle: … Read More
Charles Munger: The Overarching Problem With The Money Management Industry
During the 2003 Berkshire Hathaway Annual Meeting, Munger and Buffett discussed the overarching problem with the money management industry, and why it’s impossible for most money managers to succeed. Here’s an excerpt from the meeting: CHARLIE MUNGER: Yeah. We have this simple, old-fashioned discipline, which Warren likens to Ted Williams … Read More
Jim Simons: Top 10 Holdings
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
How Hollywood Mogul Barry Diller Built A $4.2 Billion Tech Fortune Out Of Underdog Assets
Summary In this week’s episode of the VALUE: After Hours Podcast, Taylor, Brewster, and Carlisle discuss how Hollywood mogul Barry Diller built a $4.2 Billion tech fortune out of underdog assets. Here’s an excerpt from the episode: Jake Taylor: Toby, we need to get to your topic. Tobias Carlisle: Yeah. … Read More
7 ‘Red’ Questions To Uncover Value Traps
In this episode of The Acquirer’s Podcast, Tobias chats with Simon Adler. He’s a Fund Manager on the Schroders Global Value Team and he manages two funds, Global Recovery and Global Income. During the interview Simon discussed the seven ‘red’ questions his team asks to uncover value traps: Tobias Carlisle: … Read More
Aswath Damodaran: “If You Are A Believer In Value, As I Am, Good Value Investing Requires Creativity And Out-Of-The-Box Thinking”
Aswath Damodaran has just released his latest data update titled – Data Update 2 for 2020: Retrospective on a Disruptive Decade, in which he provides some extensive analysis on the last decade, and some advice for value investors saying: I believe that good value investing requires creativity and out-of-the-box thinking, … Read More
Seth Klarman: Investors Should Not Target A Desired Rate Of Return
In his book, Margin of Safety, Seth Klarman provides some great insights into the reasons why investors should not target desired rates of return, saying: Choosing to avoid loss is not a complete investment strategy; it says nothing about what to buy and sell, about which risks are acceptable and … Read More
The Right Tail – How Errors Of Omission Hurt Your Returns
Summary In this week’s episode of the VALUE: After Hours Podcast, Taylor, Brewster, and Carlisle discussed The Right Tail – How Errors Of Omission Hurt Your Returns. Here’s an excerpt from the episode: Jake Taylor: Me too. So Bill, what’s your topic today? Bill Brewster: Piggybacking on the Akre article thought, … Read More
How Investors Can Learn From Their Mistakes Using The U.S Military’s After Action Review
In his recent interview with Tobias, Simon Adler, a Fund Manager on the Schroders Global Value Team discussed how investors can learn from their mistakes using the U.S Military’s After Action Review: Tobias Carlisle: So that dovetails nicely is something that we discussed before we started recording. I’m interested in, … Read More
(Ep.50) The Acquirers Podcast: Simon Adler – Recovery Value – Deep Value With Schroders Global Value Recovery And Global Income
In this episode of The Acquirer’s Podcast Tobias chats with Simon Adler. He’s a Fund Manager on the Schroders Global Value Team., where he manages two funds, Global Recovery and Global Income. During the interview Simon provided some great insights into: Investors Can Learn From Their Mistakes Using The … Read More