In his 2018 year end letter Chis Bloomstran lamented on some of his greatest mistakes as an investor in a section titled – THE UNIVERSITY OF ROSS – Lessons Learned the Hard Way. His biggest mistake was an error of commission in Ross Stores. It’s a great lesson for all … Read More
Michael Mauboussin: One Job: Expectations and the Role of Intangible Investments
Michael Mauboussin recently released a paper titled – One Job: Expectations and the Role of Intangible Investments in which he discusses the impact of intangibles in company valuation. The paper focuses on three aspects of intangibles – measurement, characteristics, and the implications for investors. Here’s an excerpt from the paper: … Read More
VALUE: After Hours (S02 E36): Masa Son’s $Billy YOLO Trade, Slime Value Investors, Creativity In Value
In this episode of the VALUE: After Hours Podcast, Taylor, Brewster, and Carlisle chat about: Masa Son’s Huge Tech Option Bet Slime Value Investors Creativity in Value Credit To Michael Burry Update On Bill’s Big Bet $QRTEA v $ZM Tesla Misses Out On S&P 500 Inclusion Lazy Balance Sheets The … Read More
Acquirer’s Multiple Stock $AMCX Appearing In Cooperman, Greenblatt, Gabelli 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
Naval’s Thoughts On Playing Long-Term Games With Long-Term People
During his recent interview with Tobias, Eric Jorgenson, author of The Almanack Of Naval Ravikant discussed Naval’s thoughts on Playing Long-Term Games With Long-Term People. Here’s an excerpt from the interview: Tobias: One of the things that I’ve discovered, probably as I’ve got older, and this is one of Naval’s … Read More
Ken Fisher: Value Isn’t Dead, But No Sector Is Ever ‘Due’ For a Rally
In his recent article on RealClear Markets Ken Fisher provided some great insights into why value investing isn’t dead, but added that no sector is ever ‘due’ for a rally. Here’s some excerpts from the article: Depending on who you ask, value stocks are set to soar….or dead as 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
RuBisCO – Suboptimal Environments
During their recent episode of the VALUE: After Hours Podcast, Taylor, Brewster, and Carlisle discussed RuBisCO – Suboptimal Environments. Here’s an excerpt from the episode: Jake: All right, veggies time. Do you guys have any guesses as to what the most abundant enzyme on planet Earth is? Tobias: Enzyme? That’s … Read More
Naval’s Thoughts On Building Wealth
During his recent interview with Tobias, Eric Jorgenson, author of The Almanack Of Naval Ravikant discussed Naval’s thoughts on Building Wealth. Here’s an excerpt from the interview: Tobias: Let’s give folks what they want first out of the gate. What have you learned from synthesizing all this information? And can … Read More
Marathon Asset Management: One Person’s Growth Stock Is Another’s Value Stock
The book Capital Returns, written by Edward Chancellor, provides a great collection of essays from Marathon Asset Management’s Global Investment Review – some of which were written by the elusive investing legend Nicholas Sleep. One of the essays titled Warning Labels discusses why one person’s growth stock is another’s value … 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
Bill’s Big Bet $QRTEA v $ZM
During their recent episode of the VALUE: After Hours Podcast, Taylor, Brewster, and Carlisle discussed Bill’s Big Bet $QRTEA v $ZM. Here’s an excerpt from the episode: Bill: I’ll probably talk about this bet that I’m getting my butt kicked in already. [laughter] Tobias: You never go value. Jake: Yeah. … Read More
Naval’s Thoughts On How To Get Lucky
During his recent interview with Tobias, Eric Jorgenson, author of The Almanack Of Naval Ravikant discussed Naval’s thoughts on How To Get Lucky. Here’s an excerpt from the interview: Tobias: Yeah, that’s good. I like that. My favorite part of Naval’s tweetstorms– and I think it started off like this … Read More
Terry Smith: Buy Good Companies That Will Not Destroy Value While You’re Holding Them
In this interview with Morningstar Europe, Terry Smith discusses why he focuses on good companies that earn high returns on capital, rather than buying bad companies and waiting for a catalyst. Here’s an excerpt from the interview: Smith: What we are screening for is to get rid of bad companies. … Read More
Carl Icahn’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.83) The Acquirers Podcast: Eric Jorgenson – Navalmanack: Naval Ravikant’s Almanack, And His Lessons On Wealth, And Happiness
In this episode of The Acquirers Podcast Tobias chats with Eric Jorgenson. He’s the author of The Almanack Of Naval Ravikant, a collection of everything that Naval Ravikant has written. During the interview Eric provided some great insights into: Naval’s Thoughts On: How To Get Lucky Building Wealth Building Specific … Read More
Druckenmiller Protege Beeneet Kothari: The Two Biggest Lessons I Learned From ‘The Druck’
Here’s a great interview with Beeneet Kothari on Real Vision with Chris Alexander. During the interview Kothari discusses the two biggest lessons he learned from investing legend Stanley Druckenmiller, when he was portfolio manager at Duquesne Capital. Here’s an excerpt from the interview: CHRIS ALEXANDER: What’s your average holding period? … Read More
Prem Watsa: We’re Still Believers In Value Investing
Here’s an interview with Prem Watsa on the Price-To-Value Podcast in which he discussed the under-performance of value investing in recent years, and its future. Here’s an excerpt from the interview: Watsa: Yeah, you’re exactly right. In the last 10 years since that 2008, 2009 crash, call it the great … Read More
Stock In Focus – TAM Stock Screener – Triple-S Management Corp. (NYSE: GTS)
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 Triple-S Management Corp. (NYSE: GTS). Triple-S Management Corp is a … Read More
Warren Buffett Buys Japan
During their recent episode of the VALUE: After Hours Podcast, Taylor, Brewster, and Carlisle discussed Warren Buffett Buys Japan. Here’s an excerpt from the episode: Tobias: So, Buffett’s bought five of these Japanese trading conglomerates. The yield on them is between almost 6% and the lowest is at 3.25%. And … Read More