During his recent interview with Tobias, Dan Ferris, editor of Extreme Value, discussed How The Internet Changed Branding Forever. Here’s an excerpt from the interview: Dan Ferris: Prestige is a good one, too. We got out of Prestige because we thought, “Well, these brands aren’t as strong as they used to be, … Read More
David Einhorn: We Lost 37% On Our Longs, Made 8% On Our Shorts And Made 8% In Macro In Q1
David Einhorn has released his Q1 2020 results in which he discloses that The Greenlight Capital funds (the “Partnerships”) returned -21.5% in the first quarter compared to -19.6% for the S&P 500 index. After a good start in 2020 he explained the events of the quarter as follows: We began … Read More
Donald Yacktman: 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
Maximize Your Opportunities To ‘Bump Into’ Good Investments
During his recent interview with Tobias, Dan Ferris, editor of Extreme Value, discussed the importance of Maximizing Your Opportunities To ‘Bump Into’ Good Investments. Here’s an excerpt from the interview: Tobias Carlisle: How are you sourcing ideas? How do you come up with your ideas? Are you running screens? Are … Read More
Gavin Baker’s Software Contracts, First-Lien Debt And Reality
During their recent episode of the VALUE: After Hours Podcast, Taylor, Brewster, and Carlisle discussed Gavin Baker’s Software Contracts, First-Lien Debt And Reality. Here’s an excerpt from the episode: Tobias Carlisle: Are we going to see more indiscriminate selling when people see dark clouds again, or are the cheap businesses … Read More
Inverted DCF Is A Great Way To Value Businesses
During his recent interview with Tobias, Dan Ferris, editor of Extreme Value, discussed how Inverting A DCF Is A Great Way To Value Businesses. Here’s an excerpt from the interview: Tobias Carlisle: How do you think about valuation? Finding those things can be … it’s not … I wouldn’t say … Read More
Tom Gayner: 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
The Grid And Complex-Adaptive Systems
During their recent episode of the VALUE: After Hours Podcast, Taylor, Brewster, and Carlisle discussed The Grid And Complex-Adaptive Systems. Here’s an excerpt from the episode: Tobias Carlisle: JT, do you want to do insights from running the power grid? Jake Taylor: Yeah. Tobias Carlisle: Do you want to tell … Read More
Jim Chanos: How To Maintain Short Positions In The Teeth Of A Raging Bull Market
Here’s a great recent interview with Jim Chanos on the Masters in Business Podcast. During the interview Jim spoke about a number of topics including how to maintain short positions in the teeth of a raging bull market. Here’s an excerpt from the interview: RITHOLTZ: Let’s talk a little bit … Read More
(Ep.65) The Acquirers Podcast: Dan Ferris – Extreme Value, From Deep Value To High Quality Businesses
In this episode of The Acquirer’s Podcast Tobias chats with Dan Ferris, editor of Extreme Value, a monthly investment advisory focused on the safest stocks in the market. During the interview Dan provided some great insights into: Inverted DCF Is A Great Way To Value Businesses Maximize Your Opportunities To ‘Bump … Read More
Warren Buffett: Why We Didn’t Repurchase Our Shares When They Were Relatively Cheap In March
Here’s the entire video of the 2020 Berkshire Hathaway Annual Meeting. One of the questions Buffett was asked was why he didn’t repurchase Berkshire shares in March when they were 30% cheaper than the price he purchased them at earlier in the year. Here’s an excerpt from the meeting: Becky … Read More
Rich Pzena: 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
Stock In Focus – TAM Stock Screener – Verso Corp (NYSE: VRS)
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 Verso Corp (NYSE: VRS). Verso Corp is a North American … Read More
TAM Stock Screener – Stocks Appearing In Greenblatt, Simons, O’Shaughnessy 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
Bruce Greenwald: The Landscape Has Changed For Traditional Value Investing
Here’s a great interview with Bruce Greenwald on the Grant’s Current Yield Podcast, discussing the changing landscape for traditional value investing. Here’s an excerpt from the interview: So I think, as you know, value has not done well, and sort of primitive value especially. Which is just low P/E, low … Read More
Why Did Oil Drop To -$40 A Barrel?
During their recent episode of the VALUE: After Hours Podcast, Taylor, Brewster, and Carlisle discussed Why Did Oil Drop To -$40 A Barrel? Here’s an excerpt from the episode: Tobias Carlisle: Front Month oil, people had tipped this happening beforehand that… All the storage evidently was filled up. The issue … Read More
This Week’s Best Investing Articles, Research, Podcasts 5/1/2020
Here’s a list of this week’s best investing reads: Making Sense of a Stock Market That Doesn’t Make Any Sense (A Wealth of Common Sense) When You Have No Idea What Happens Next (Collaborative Fund) Thomas Kaplan, an Investor in Novagold (csinvesting) United States Corona Corps (Scott Galloway) Unintended Consequences (The Irrelevant Investor) When Buffet was … Read More
Elon Musk: U.S Shelter-In-Place Strategy Is ‘Fascist’, And U.S Infrastructure Is Quite Sad
In an extraordinary Q1 2020 earnings call from Telsa this week, Elon Musk labelled the U.S Shelter-In-Place strategy as ‘fascist’. He also added that U.S. infrastructure is really quite sad, especially it’s roads and highways is where it is today. And our airports, in a lot of cases, are an … Read More
One Stock Superinvestors Are Buying Or Holding (10)
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
VALUE: After Hours (S02 E17): OIL! The Grid And Complex-Adaptive Systems, Bill’s Story Arc
In this episode of the VALUE: After Hours Podcast, Taylor, Brewster, and Carlisle chat about: Why Did Oil Drop To Negative $40 A Barrel? The Grid And Complex-Adaptive Systems Bill’s Evolution As An Investor Gavin Baker – Software Contracts, First-Lien Debt And The Reality That No Revenue Is Truly Recurring … Read More