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
3 Lessons Investors Can Learn From Rush Drummer Neil Peart
Summary In this week’s episode of the VALUE: After Hours Podcast, Taylor, Brewster, and Carlisle discussed three lessons investors can learn from Rush drummer, Neil Peart. Here’s an excerpt from the episode: Tobias Carlisle: What’s the deal with Rush and value investing? Jake Taylor: Yeah, I’ve got three lessons that Rush … Read More
Aswath Damodaran: Many Active Managers Will Be Wiped Out By ETFs And They Deserve It!
In a recent interview with The Economic Times, Aswath Damodaran was asked about his thoughts on active vs passive investing and the impact that ETFs will have on existing active managers. Here’s an excerpt from the interview: Interviewer: Do you think active investing is going to be dead and passive … Read More
TAM Stock Screener – Stocks Appearing In Marks, Griffin, Asness 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
This Week’s Best Investing Articles, Research, Podcasts 1/24/2020
Here’s a list of this week’s best investing reads: If Stocks Are ‘Ridiculously Cheap’ Why Isn’t Warren Buffett Buying? (Felder Report) Preparing For Lower Returns (The Irrelevant Investor) Updating My Favorite Performance Chart For 2019 (A Wealth of Common Sense) Wealth Is What You Don’t Spend (Collaborative Fund) Why We Try (HumbleDollar) … Read More
Ray Dalio: Cash Is Trash In 2020
Interviewer: David Tepper had texted into the show on Friday and suggested right now you have to be in the market, full-on. So the question is whether everybody jumps on the train. Everybody gets in full-on, and then the problem arises. When do you jump off the train? Dalio: The … Read More
Bill Nygren – 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
There’s Considerable Advantages In Setting Up A VC Fund In Bangladesh
During his recent interview with Tobias, Dan McMurtrie, Founder of the Long/Short hedge fund Tyro Partners and Bangladesh VC fund – Anchorless Bangladesh, discussed the considerable advantages of setting up a venture capital fund in Bangladesh. Here’s an excerpt from the interview: Tobias Carlisle: Let’s change gears a little bit. … Read More
(S02 E03) The VALUE: After Hours Podcast
Summary In this episode of the VALUE: After Hours Podcast, Taylor, Brewster, and Carlisle chat about: 3 Lessons Investors Can Learn From Rush Drummer – Neil Peart The Right Tail – How Errors Of Commission And Omission Are Hurting Your Returns Who Needs Moonshots? How Former Hollywood Mogul Barry Diller … Read More
Jeff Ubben 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
One Of The Most Popular Papers On Online-Dating Advice – Written By A Hedge Fund Manager
During his recent interview with Tobias, Dan McMurtrie, Founder of the Long/Short hedge fund Tyro Partners and Bangladesh VC fund – Anchorless Bangladesh, discussed his very popular paper The Dating Market: Thesis Overview which has received upwards of 500,000 clicks. Here’s an excerpt from the interview: Tobias Carlisle: Well, let’s change … Read More
David Einhorn: Growth Has Knocked The Stuffing Out Of Value Last Three Years (106% vs. 17%)
In David Einhorn’s most recent investor letter (Q4 2019) he highlights the fact that Greenlight Capital Funds have returned 13.8% in 2019 compared to 31.5% for the S&P 500. He also discusses the significant outperformance of growth stocks vs value stocks over the past three years, saying: We tend to … Read More
Justin Mallory – What Should Warren Buffett Buy?
Summary In this week’s episode of the VALUE: After Hours Podcast, Taylor, Brewster, and Carlisle discussed Justin Mallory’s Twitter thread on – What Should Warren Buffett Buy? Here’s an excerpt from the episode: Tobias Carlisle: So. Should we move on to my topic? Tobias Carlisle: Justin Mallory on Twitter, … Read More
Seth Klarman: How To Calculate A Company’s Present-Value
In Seth Klarman’s book Margin of Safety he provides some great insights into how investors can calculate a company’s present-value saying: At times when interest rates are unusually low, however, investors are likely to find very high multiples being applied to share prices. Investors who pay these high multiples are … Read More