Here’s a list of this week’s best investing reads: Ten reasons the “second wave” hasn’t spooked the markets (yet) (The Reformed Broker) 5 Signs This Might Be a New Bull Market (A Wealth Of Common Sense) Growth vs value investing: the gap widens (FT) Why We’re Blind to Probability (Collaborative Fund) Jeremy Siegel … Read More
TAM Stock Screener – Stocks Appearing In Greenblatt, Pzena, Cohen 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
Michael Mauboussin: The Math of Value and Growth
Michael Mauboussin recently wrote a paper titled – The Math of Value and Growth in which he discusses how valuations change as assumptions about growth, return on incremental invested capital, and the discount rate vary. These changes are discussed in terms of P/E multiples and discounted cash flow models which … Read More
VALUE: After Hours (S02 E23): Mastering Investing, The Right Size, Aerospace Decimation
In this episode of the VALUE: After Hours Podcast, Taylor, Brewster, and Carlisle chat about: The Art Of Mastering Investing Opportunities In The Decimated Aerospace Value Chain The Right Size In Investing. Competition, And Growth The Market Can Leave The Smartest People Behind What Are Your Chances Of Being A … Read More
Why Warren Buffett Is Cautious
During his recent interview with Tobias, John Huber, Managing Partner at Saber Capital Management discussed why Warren Buffett is being so cautious right now. Here’s an excerpt from the interview: Tobias Carlisle: Can I talk to you about a few of the positions that you’ve written about publicly? So Markel and Berkshire. John … Read More
Jeremy Grantham: Forget Private Equity And Regular Investing There’s A Better Option
In his recent interview with Patrick O’Shaughnessy on the Invest Like The Best Podcast, Jeremy Grantham was asked what advice he would give to younger people interested in investing. Here’s an excerpt from the interview: Patrick OShaughnessy: I’d be curious what advice you would have for younger people interested in … Read More
One Stock Superinvestors Are Buying Or Holding (16)
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
What Impact Will The Cost To Insure a $TSLA Have On New Sales?
During their recent episode of the VALUE: After Hours Podcast, Taylor, Brewster, and Carlisle discussed What Impact Will The Cost To Insure a $TSLA Have On New Sales? Here’s an excerpt from the episode: Bill Brewster: Yes. So first off, let’s start out with my Tesla story that I had … Read More
Concentrate And Let Your Winners Run
During his recent interview with Tobias, John Huber, Managing Partner at Saber Capital Management discussed the importance of running a concentrated portfolio, and letting your winners run. Here’s an excerpt from the interview: Tobias Carlisle: And when you find them, how much are you looking to allocate to any given company as a … Read More
Aswath Damodaran: Is Your Urge To Remain The Only ‘Sane’ Investor Costing You Outsized Returns
In his latest piece titled – A Viral Market Update IX: A Do-it-Yourself S&P 500 Valuation, Aswath Damodaran discusses the disconnect between US Equities, which are climbing back towards pre-crisis levels, and an economy where consumer confidence and spending are plummeting, the ranks of the unemployed rising, and professional economists are … Read More
Tweedy Browne: 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
The Importance Of Slack In Life And Investing
During their recent episode of the VALUE: After Hours Podcast, Taylor, Brewster, and Carlisle discussed The Importance Of Slack In Life And Investing. Here’s an excerpt from the episode: Jake Taylor: All right, so hat tip first of all to Baker Street Partners for sending this paper over to me … Read More
Invest In High Quality Businesses That Earn High Returns On Capital
During his recent interview with Tobias, John Huber, Managing Partner at Saber Capital Management discussed Investing In High Quality Businesses That Earn High Returns On Capital. Here’s an excerpt from the interview: John Huber: If you think about, so to answer your question on why is it different in the public markets or … Read More
Terry Smith: 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
Bill Ackman: You Don’t Learn To Invest Successfully Until You Screw Up
In this presentation by Bill Ackman he discusses the reasons behind his failed investment in JC Penny. He also makes the point that successful investing involves making mistakes saying: A I said at the beginning, experiences, making mistakes, and learning from mistakes. Unfortunately as students you haven’t made many mistakes … Read More
(Ep.70) The Acquirers Podcast: John Huber – Business Analyst, Concentrated High-Quality In A Modern Buffett Partnership
In this episode of The Acquirer’s Podcast Tobias chats with John Huber, Managing Partner at Saber Capital Management, an investment fund modeled after the original Buffett partnerships. Saber’s strategy is to make very carefully selected investments in undervalued stocks of great businesses. During the interview John provided some great insights … Read More
Stock In Focus – TAM Stock Screener – Industrias Bachoco, S.A.B. de C.V. (NYSE: IBA)
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 Industrias Bachoco, S.A.B. de C.V. (NYSE: IBA). Industrias Bachoco SAB de … Read More
The Difference Between Growth And Value
During their recent episode of the VALUE: After Hours Podcast, Taylor, Brewster, and Carlisle discussed The Difference Between Growth And Value. Here’s an excerpt from the episode: Tobias Carlisle: In the course of doing that last little bit of research that I did, my state of value address, part of … Read More
This Week’s Best Investing Articles, Research, Podcasts 6/5/2020
Here’s a list of this week’s best investing reads: Why We Don’t Learn From History (A Wealth of Common Sense) The Art of Being Alone (Farnam Street) News, Media, & Markets (Jamie Catherwood) On the link between economic inequality and social injustice (The Reformed Broker) Why The Stock Market Could Be Poised For Another Plunge … Read More
VALUE: After Hours (S02 E22): It’s Value vs Glamour, $TSLA Tesla Write-Off, Slack in Systems
In this episode of the VALUE: After Hours Podcast, Taylor, Brewster, and Carlisle chat about: The Difference Between Growth And Value Stocks The Importance Of Slack In Life And Investing What Impact Will The Cost To Insure A Telsa Have On New Sales? DCF’s Are Too Academic For Everyday Investors … Read More