In this episode of The Acquirers Podcast Tobias chats with Professor Nicole Boyson. She’s the Patrick F. and Helen C. Walsh Research Professor of Finance at the D’Amore-McKim School of Business. During the interview Nicole provided some great insights into: How Does Past Experience Impact Hedge Fund Activism? Hedge Fund … Read More
Stock In Focus – TAM Stock Screener – Innoviva Inc (NASDAQ: INVA)
As part of our ongoing series here at The Acquirer’s Multiple, we provide this feature article titled ‘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 Innoviva Inc (NASDAQ: INVA). Innoviva Inc develops biopharmaceutical drugs in … Read More
Butterflies, Trust, And Ethical Collapse
During their recent episode of the VALUE: After Hours Podcast, Taylor, Brewster, and Carlisle discussed Butterflies, Trust, And Ethical Collapse. Here’s an excerpt from the episode: Jake: That’s fair. All right. There are currently roughly 10,000 species that we know of who will parasitize ants. What that means is they’ll … Read More
This Week’s Best Investing Articles, Research, Podcasts 9/25/2020
Here’s a list of this week’s best investing reads: There Is No Size Effect: Daily Edition (Cliff Asness) The Road Ahead (Jamie Catherwood) Negativity Is Not an Investment Strategy (A Wealth of Common Sense) Sounding good or Doing good? A Skeptical Look at ESG (Aswath Damodaran) A Few Rules (Collaborative Fund) What’s in an Equity Return? … Read More
Acquirer’s Multiple Stock $PHM Appearing In Grantham, Greenblatt, Dalio 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, Ray Dalio, … Read More
Morgan Housel: The Importance Of Remaining Calm Through ‘Punctuated Moments Of Terror’ In The Market
In his new book – The Psychology of Money, Morgan Housel provides a great illustration of how success in investing is achieved by remaining calm through ‘punctuated moments of terror’ in the market. Here’s an excerpt from the book. Consider what would happen if you saved $1 every month from … Read More
VALUE: After Hours (S02 E37): Butterflies, Trust, And Ethical Collapse; $NKLA Goes Downhill; $QRTEA
In this episode of the VALUE: After Hours Podcast, Taylor, Brewster, and Carlisle chat about: Butterflies, Trust, And Ethical Collapse $NKLA Goes Downhill Berkshire Versus S&P 500 Why $QRTEA Is A Great Asymmetric Bet Opendoor Going Public By Way Of Chamath Palihapitiya SPAC Buffett’s Rare Bet On Snowflake Gross Profitability … Read More
Is This The End Of Active?
During his recent interview with Tobias, Larry Swedroe, author of The Incredible Shrinking Alpha discussed Is This The End Of Active?. Here’s an excerpt from the interview: Tobias: Given that is the case and that the paradox of skill seems to indicate that everybody is standing on their tiptoes to … Read More
Dan Loeb: Q2 2020 – Invest In ‘Compounders’, But Only At An Attractive Entry Point
In his latest Q2 2020 investor letter Dan Loeb recommends investing in quality or ‘compounder’ companies, but only at an attractive entry point. Here’s an excerpt from the letter: In 2010, I remember sharing with investors at our annual event the quotation attributed to John Maynard Keynes: “When the facts … Read More
Nassim Nicholas Taleb: Don’t Tell Me What You Think, Tell Me What You Have In Your Portfolio
In his book – Skin In The Game, Nassim Nicholas Taleb shares an interesting story that highlights what he means by having skin in the game as it relates to the world of finance and investing. Here’s an excerpt from the book: I went on television once to announce a … Read More
One Stock Superinvestors Are Selling
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
Credit To Michael Burry
During their recent episode of the VALUE: After Hours Podcast, Taylor, Brewster, and Carlisle discussed Credit To Michael Burry. Here’s an excerpt from the episode: Tobias: I think that Burry doesn’t get enough credit for his recent– Like, I think that’s what Burry was doing when he’s bought calls on all … Read More
Larry Swedroe: The Pool Of Victims Is Shrinking
During his recent interview with Tobias, Larry Swedroe, author of The Incredible Shrinking Alpha discussed why The Pool Of Victims Is Shrinking. Here’s an excerpt from the interview: Tobias: Well, let’s talk about those other ones. You say, “The pool of victims is shrinking.” Larry: Yeah, this is important. Think … Read More
Slimy Value Investors
During their recent episode of the VALUE: After Hours Podcast, Taylor, Brewster, and Carlisle discussed Slimy Value Investors. Here’s an excerpt from the episode: Bill: No, let’s talk about slime. Jake: All right, let’s get slimy, some veggie time. All right. Slime molds are these blobs that are created out of single-celled … Read More
Larry Swedroe: How Alpha Becomes Beta
During his recent interview with Tobias, Larry Swedroe, author of The Incredible Shrinking Alpha discussed How Alpha Becomes Beta. Here’s an excerpt from the interview: Tobias: One of the interesting things early on that I saw, you talk about alpha becoming beta, what do you mean by that and how … Read More
One Stock Superinvestors Are Buying
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
Peter Cundill: Knowing When To Sell
In this interview with Peter Cundill protege Tim McElvaine he discusses Cundill’s strategy for knowing when to sell. Here’s an excerpt from the interview: I think like most value investors we were quite good on getting an entry price. By quite good many people will be horrified by this but … Read More
Terry Smith: It’s More Important To Avoid Losers Than It Is To Pick Winners
In this interview with Barclays Stockbrokers TV, Terry Smith discussed the importance of having a very long-term horizon, ignoring macro, and why avoiding losers is more important than picking winners. Here’s an excerpt from the interview: Smith: My definition of long-term investing is forever basically. I seek to invest in really … Read More
Jamie Dinan’s Top 10 Holdings (Q2 2020) – Plus Top Buys & Sells
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.84) The Acquirers Podcast: Larry Swedroe – Shrinking Alpha: Swedroe On His New Book The Incredible Shrinking Alpha
In this episode of The Acquirers Podcast Tobias chats with Larry Swedroe. He’s the author of a brand new book called The Incredible Shrinking Alpha. He’s also the Chief Research Officer at Buckingham Wealth Partners. During the interview Larry provided some great insights into: Alpha Becoming Beta The Pool Of … Read More