In April 2006, John Bogle spoke with members of the Journal of Investment Consulting Editorial Advisory Board about the experiences that shaped his philosophy, his views on the costs of financial intermediation, and his recommendations for improving corporate governance. There’s one passage in particular in which he shares his views … Read More
Hottest Short Stocks As Of November 19th
S3 Partners recently released its hottest short stocks as of November 19th. The top three stocks include: 1. Peloton Interactive (NASDAQ: PTON) with over 84% short interest % of float 2. Gamestop Corp (NYSE: GME) with almost 80% short interest % of float 3. Health Insurance Innovations (NASDAQ: HIIQ) with … Read More
Investors Should Focus On Idiosyncratic Businesses To Generate Outsized Returns
https://www.youtube.com/watch?v=XNwhabhyi7o?start=169 During their recent interview with Tobias, Sean Stannard-Stockton and Todd Wenning of Ensemble Capital explain why investors should focus on idiosyncratic businesses to generate outsized returns. Here’s an excerpt from the interview: Tobias Carlisle: Yeah, it’s a good place to be. I agree with you that you want to … Read More
(Ep.39) The Acquirers Podcast: Ensemble Capital – Competitive Advantage, Long-Only, Concentrated, High Conviction, High Quality
Summary In this episode of The Acquirer’s Podcast Tobias chats with Sean Stannard-Stockton and Todd Wenning of Ensemble Capital. The firm has a very traditional buffet style, highly concentrated high conviction, high quality investment strategy. During the interview Sean and Todd provided some great insights into: Why Investors Should Consider Idiosyncratic Businesses … Read More
TAM Stock Screener – Stocks Appearing in Burry, Greenblatt, Miller 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
This Week’s Best Investing Articles, Research, Podcasts 11/22/2019
Here’s a list of this week’s best investing reads: Would the Stock Market Crash if Elizabeth Warren Became President? (A Wealth of Common Sense) Count the Cash (Humble Dollar) Move Over Viagra Ads, Here Come the Financial Advisers (Jason Zweig) Founders, VCs and Values – Thoughts on a Critical Moment (Collaborative Fund) A coming … Read More
Bill Ackman: Q3 2019 Top 10 Holdings
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
Joel Greenblatt: Q3 2019 Top 5 Buys, Top 5 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
Cloud – The Next Big Adoption Curve
During his recent interview with Tobias, Marcelo Lima, managing member of Heller House, discusses cloud computing as the next big adoption curve, and the opportunities that it provides for investors. Here’s an excerpt from the interview: Tobias Carlisle: So I love the description that you’ve given. How does it show … Read More
Greenwood Investors: Investors Should Focus On Companies That Treat Their Customers With A ‘Pub Approach’ Rather Than A ‘Tourist Approach’
Deep value firm Greenwood Investors have just released their latest Q3 2019 Letter which includes a great piece on why investors should focus on companies that treat their customers with a ‘pub approach’ rather than a ‘tourist approach’. The letter further illustrates the point using aircraft manufacturer Boeing, saying: “We … Read More
First Eagle: The Timeless Advantage of Value Investing
Here’s a great interview at Advisor Perspectives with the value investing firm First Eagle titled – The Timeless Advantage of Value Investing. During the interview the First Eagle team was asked – can the success of value investing persist when so many investors have been schooled in the works of … Read More
Guy Spier: You Want To Set Up Your Investing Strategy So That You Never Have To Be Smart
Here’s a great interview with Guy Spier on Value TV where he discusses his idea generation process and investing strategy. Here’s an excerpt from the interview: Host: Hello Guy. Welcome back to our interview. This time we want to talk about process. So let’s start with the beginning. Where do … Read More
Why Did Warren Buffett Decline Jeff Raikes Advice To Invest In Microsoft When It Was Less Than $20?
During his recent interview with Tobias, Marcelo Lima, managing member of Heller House, discusses the email that Jeff Raikes sent to Warren Buffett, advising him to invest in Microsoft when it was less than $20, which he declined. Here’s an excerpt from the interview: Tobias Carlisle: How would you characterize … Read More
Bill Miller: There Are Signposts (As In The Twilight Zone) That We Could Be On The Cusp Of A Regime Change Towards Value
In his Q3 2019 Market Comentary, Bill Miller, of value investing firm Miller Value Partners say’s there are signposts (as in the Twilight Zone) that we could be on the cusp of a regime change that will favor value investors. Here’s an excerpt from the letter: The first few weeks … Read More
Pzena Investment Management: Webinar EM Value: How Trade Wars Create Opportunities in Emerging Markets
Here’s a great little webinar from value investing firm – Pzena Investment Management which discusses how trade wars create opportunities in emerging markets saying: “This is a particularly interesting time to invest in emerging markets. Global trade wars have created opportunities where companies with strong competitive positions are caught in … Read More
FT: Has The Value Investing Fightback Begun?
Here’s a great article from The Financial Times titled – Has the value investing fightback begun?, which discusses whether value investing is making a fightback as US value stocks have gained almost 10 per cent since the beginning of September. Here’s an excerpt from that article: Like an ageing, unfancied … Read More
Has The Internet Changed Value-Investing Forever?
During his recent interview with Tobias, Marcelo Lima, managing member of Heller House, discusses whether software-as-a-service has changed value investing from what Warren Buffett had traditionally done? Here’s an excerpt from the interview: Tobias Carlisle: How do you make the leap to value investment from there? Marcelo Lima: Yeah, great … Read More
(Ep.38) The Acquirers Podcast: Marcelo Lima – Growth Underwriter, Software-As-A-Service (SAAS), And Intrinsic Value
Summary In this episode of The Acquirer’s Podcast Tobias chats with Marcelo Lima. He is the managing member of Heller House, who follow the time-tested strategies of Graham, Dodd and Buffett; invest with a considerable margin of safety in easily understandable, sustainable businesses. During the interview Marcelo provided some great … Read More
Ken Fisher: Q3 2019 Top 10 Holdings
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
TAM Stock Screener – Stocks Appearing in Greenblatt, Griffin, Pzena 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