In his latest 2020 Semi-Annual Report, Francis Chou provided some great insights into how value investors have exacerbated the impact of low returns in recent years. Here’s an excerpt from the report: Does Value Investing Work? With the lackluster returns by value funds in recent years compared to growth and … Read More
Investment Spandrels
During their recent episode of the VALUE: After Hours Podcast, Taylor, Brewster, and Carlisle discussed Investment Spandrels. Here’s an excerpt from the episode: Jake: All right, veggie time. In architecture, imagine a doorway and imagine then an arch that sort of connects that doorway. And it creates two little triangles … Read More
Using Freedom of Information Requests To Find Red Flags
During his recent interview with Tobias, Scott Jackson, CIO at Ravenwood Capital Management discussed how he uses Freedom of Information Requests To Find Red Flags. Here’s an excerpt from the interview: Tobias: How are you identifying the weakness in the internal controls? You looking for that particularly in the auditor’s report? … 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
Bill Nygren: Today’s Resurgence In Day-Trading Will Not End Well
During his recent interview with ET NOW, Bill Nygren discussed the impact of intangibles and GAAP accounting, what he looks for in prospective investments, and his thoughts on the current resurgence in day-trading, and why it will not end well. Here’s an excerpt from the interview: I think the problem … Read More
Using Mauboussin’s BAIT Strategy To Land Winners
During his recent interview with Tobias, Scott Jackson, CIO at Ravenwood Capital Management discussed how he uses Mauboussin’s BAIT Strategy To Land Winners. Here’s an excerpt from the interview: Tobias: So, I see, you’ve got this BAIT framework, do you want to walk us through the BAIT framework? Scott: Yeah. … Read More
Buy Now, Pay Later QVC & HSN $QRTEA
During their recent episode of the VALUE: After Hours Podcast, Taylor, Brewster, and Carlisle discussed Buy Now, Pay Later QVC & HSN $QRTEA. Here’s an excerpt from the episode: Bill: Yeah. So, in case you don’t think QVC is bad enough to own, why don’t we heap leverage on it. … 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
Michael Mauboussin: Investors Should Search For Parts In The Market That Are Less Trafficked
During his recent interview on the Invest Like The Best Podcast, Michael Mauboussin was asked his advice for young investors who want to get started in the market. Here’s his response: Mauboussin: I think one of the answers to that is, if you’re serious about making a long-term career, is … Read More
David Einhorn’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.82) The Acquirers Podcast: Scott Jackson – FOIA Warrior: Freedom Of Information Act Requests, And Small And Micro Stocks
In this episode of The Acquirers Podcast Tobias chats with Scott Jackson. He’s the Chief Investment Officer of Ravenwood Capital Management. During the interview Scott provided some great insights into: Using Mauboussin’s BAIT Strategy To Land Winners How Investors Can Use Freedom of Information Requests To Find Red Flags Combine … Read More
This Week’s Best Investing Articles, Research, Podcasts 9/4/2020
Here’s a list of this week’s best investing reads: The Blunt Ratio (Verdad) The Next Frontier (Jamie Catherwood) All Wrapped In One (The Irrelevant Investor) How Much Money is Enough? (A Wealth of Common Sense) Save Like A Pessimist, Invest Like An Optimist (Collaborative Fund) ‘I Can’t Believe I’m Saying This, But I’m Passing on … Read More
Dan Loeb On His Strategy $TPOU
During their recent episode of the VALUE: After Hours Podcast, Taylor, Brewster, and Carlisle discussed Dan Loeb on his strategy $TPOU. Here’s an excerpt from the episode: Toby: I’m excited about Loeb. I haven’t really followed him that closely for a while, but I’m a huge fan because Dan used … Read More
Acquirer’s Multiple Stock $DISCA Appearing In Burry, Greenblatt, Simons 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
Bill Ackman: My Investment Criteria On Potential Investments Has Reversed Over The Last 20-30 Years
Here’s a great interview with Bill Ackman on Virtual Live with André Esteves in which he discusses a number of issues including how his investment criteria on potential investments has reversed over the last 20-30 years. Here’s an excerpt from the interview: Our biggest focus is around what I call business quality … Read More
VALUE: After Hours (S02 E34): Dan Loeb On Strategy, Buy Now Pay Later $QVC, Cocker Spandrels
In this episode of the VALUE: After Hours Podcast, Taylor, Brewster, and Carlisle chat about: Dan Loeb On Strategy Buy Now, Pay Later QVC & HSN Cocker Spandrels The Impact Of Protecting Your Downside Should Telsa Buy $FCAU Greenblatt’s Top Holdings Discovery, Shark Week, And Deadliest Catch Which Discount Rate … Read More
John Malone And The Art Of Capital Allocation
During his recent interview with Tobias, Francisco Olivera, President of Arevilo Capital Management discussed John Malone And The Art Of Capital Allocation. Here’s an excerpt from the interview: Tobias: When Bill introduced us, he said, you’ve got to talk to Frank. You’ve got to talk to him about Malone and … 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
Aswath Damodaran: Day-To-Day Price Movements Have Little To Do With Earnings, Cash Flows Or Risk
In his latest presentation titled – Illusion, Perception and Reality: Stock Splits and Index Inclusions Aswath Damodaran discusses the effects of value, gap, and pricing events on a companies value and stock price. He makes the point that, “the reality is that a great deal of the price movement on a … Read More
Capital Structure Tells You A Lot About Good Management
During his recent interview with Tobias, Francisco Olivera, President of Arevilo Capital Management discussed how Capital Structure Tells You A Lot About Good Management. Here’s an excerpt from the interview: Tobias: Let’s talk a little bit about the capital structure. That’s the third thing you– What are you looking for … Read More