During their recent episode of the VALUE: After Hours Podcast, Taylor, Brewster, and Carlisle discussed The Consensus Of The Consensus: The Market’s Going Down And Coming Back Up. Here’s an excerpt from the episode: Tobias Carlisle: All right, let’s move on to mine and then we’ll start taking some… we’ve … Read More
Buy Good Companies That Will Not Have Free Cash Flow Impairment For The Next 3-5 Years
During his recent conversation with Tobias, Clayton Gardner, co-founder of Titan, discussed Buying Good Companies That Will Not Have Free Cash Flow Impairment For The Next 3-5 Years. Here’s an excerpt from the interview: Tobias Carlisle: On coronavirus, I think it’s been quite interesting watching FinTwit, because I think a … Read More
Seth Klarman: How To Hedge Your Portfolio
In Seth Klarman’s Book Margin of Safety he provides some great examples of how investors can hedge their portfolios, depending on what they’re currently holding. Here’s an excerpt from the book: Market risk—the risk that the overall stock market could decline—cannot be reduced through diversification but can be limited by … Read More
Tom Gayner: Top 10 Holdings (Q4 2019)
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 New Grain Of Salt Index
During their recent episode of the VALUE: After Hours Podcast, Taylor, Brewster, and Carlisle discussed The New Grain Of Salt Index. Here’s an excerpt from the episode: Tobias Carlisle: Jake, do you want to do the Taylor rule, the new Taylor rule? Jake Taylor: That’s not the name. The name … Read More
Titan’s 13F Replication Strategy In A Fintech Wrapper
During his recent conversation with Tobias, Clayton Gardner, co-founder of Titan, discussed Titan’s 13F Replication Strategy In A Fintech Wrapper. Here’s an excerpt from the interview: Tobias Carlisle: Well, thank you. So Titan. What is it? Clayton Gardner: So Titan is mobile investing platform and we’re democratizing hedge funds and … Read More
(Ep.62) The Acquirers Podcast: Clayton Gardner – Titan Tech, An Old-School Hedge Fund Strategy In A Fintech Wrapper
In this episode of The Acquirer’s Podcast Tobias chats with Clayton Gardner, co-founder of Titan, which is a mobile investing platform – it’s a hedge fund for everyone. During the interview Clayton provided some great insights into: Titan’s 13F Replication Strategy In A Fintech Wrapper Buy Good Companies That Will … Read More
Stock In Focus – TAM Stock Screener – Travelzoo (NASDAQ: TZOO)
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 Travelzoo (NASDAQ: TZOO). Travelzoo acts as a publisher of travel … Read More
TAM Stock Screener – Stocks Appearing In Greenblatt, Fisher, Griffin 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
Restoration Hardware’s Recent Earnings Call
During their recent episode of the VALUE: After Hours Podcast, Taylor, Brewster, and Carlisle discussed Restoration Hardware’s Recent Earnings Call. Here’s an excerpt from the episode: Bill Brewster: I’m fine to talk. I thought Restoration Hardware, I was just saying, I listened to a call yesterday, it was just a … Read More
This Week’s Best Investing Articles, Research, Podcasts 4/10/2020
Here’s a list of this week’s best investing reads: Coronavirus and Credibility (Paul Graham) No, This is Not the Great Depression (The Irrelevant Investor) The 6 Commandments of Value Investing (Vitaliy Katsenelson) The Relationship Between Earnings and Bear Markets (A Wealth of Common Sense) The Shock Cycle (Collaborative Fund) Unlikely Optimism: The Conjunctive Events Bias (Farnam … Read More
Nassim Taleb: Advised Tail Risk Fund Returned 3,600% in March
Here’s an article from Bloomberg which reports that a tail-risk fund advised by Nassim Taleb returned a staggering 3,612% in March. Here’s an excerpt from the article: A tail-risk hedge fund advised by Nassim Taleb, author of “The Black Swan,” returned 3,612% in March, paying off massively for clients who … Read More
One Stock Superinvestors Are Buying (7)
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 E14): Grain-of-Salt Indicator, Restoration Hardware, and Consensus Consensus
In this episode of the VALUE: After Hours Podcast, Taylor, Brewster, and Carlisle chat about: What Can We Learn From Restoration Hardware’s Recent Earnings Call The New Grain Of Salt Index The Consensus Of The Consensus Is That The Market’s Going Down And Coming Back Up Different Strategies For Different … Read More
The Bezel: Most Companies Will Use This Turmoil To Re-Base Their Earnings
During his recent conversation with Tobias, Stephen Clapham, founder of Behind The Balance Sheet, discussed why Most Companies Will Use This Turmoil To Re-Base Their Earnings. Here’s an excerpt from the interview: Tobias Carlisle: John Kenneth Galbraith used to call the difference between the reported numbers and what was actually happening underneath … Read More
Bill Ackman: Top Buys, Top Sells (Q4 2019)
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
Bill Ackman: There Are Many Compelling Bargains In The Equity Markets
Bill Ackman has just released his 2019 Annual Report in which he reported that during the year ended December 31, 2019, PSH’s NAV increased 58.1%, ending the year at $26.94 per share. Over the same period, the S&P 500 increased 31.5%. He also recommended that investors ignore price-earnings multiples in … Read More
Howard Marks: Waiting For The Market Bottom Is Folly
Howard Marks has written yet another memo recently titled Calibrating in which he discusses his views on why investors should consider a change in their portfolio’s positioning over time, in response to what’s going on in the current environment saying: As the environment becomes more precarious, (with prices high, risk … Read More
Value Portfolio Upgrade
During their recent episode of the VALUE: After Hours Podcast, Taylor, Brewster, and Carlisle discussed the Value Portfolio Upgrade. Here’s an excerpt from the discussion: Tobias Carlisle: Let’s move on to another finance related topic, I guess this months up. Jake Taylor: Toby, you’re up. Bill Brewster: Oh, peanut butter. … Read More
Beware Of Companies With Complicated Accounting Policies
During his recent conversation with Tobias, Stephen Clapham, founder of Behind The Balance Sheet, discussed the need to beware of companies with complicated accounting policies. Here’s an excerpt from the interview: Tobias Carlisle: Let’s talk about an individual name, or a few. Are you familiar with Tesla? Stephen Clapham: Oh, I don’t … Read More