Summary In this episode of the VALUE: After Hours Podcast, Taylor, Brewster, and Carlisle chat about: High-Performance Conglomerate – Constellation Software Is There A Renaissance Coming For Merger Arbitrage And Risk Arbitrage? Fundsmith’s CEO Terry Smith – Buy Good Companies, Don’t Overpay, Do Nothing Managing Permanent Capital Is A Significant … Read More
Great Consumer Franchises Provide Profitable Investment Opportunities
During his recent interview with Tobias, Jon Boyar, JD/President of Boyar Research, discussed why great consumer franchises provide profitable investment opportunities saying: Tobias: The interview on the site, your dad says you look for great retail franchise opportunities. So how do you characterize a great franchise? Jon Boyar: Yeah. To … Read More
Stanley Druckenmiller: 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
How To Think About Starting Position Size For An Anti-FOMO Portfolio
In this week’s episode of the VALUE: After Hours Podcast, Taylor, Brewster, and Carlisle discuss how to implement an Anti-FOMO sizing strategy to get started in a position. Here’s an excerpt from the episode: Bill Brewster: So I was talking with somebody that listens to the podcast and he was … Read More
Why Have Spin-Offs Significantly Underperformed Over The Last Decade
During his recent interview with Tobias, Jon Boyar, JD/President of Boyar Research, discussed why spin-offs have significantly under-performed over the last decade saying: Jon Boyar: Spin outs you know… people have always thought were winning strategies but over the last decade they’ve significantly underperformed. And then we picked four … Read More
Bruce Greenwald: Old School Value Investors Who Do Not Evolve Will Disappear
Here’s a great interview with Bruce Greenwald on the Value Investing With Legends Podcast. During the interview Greenwald explains why old school value investors, who do not evolve, will disappear. Here’s an excerpt from the interview: (36:01) Those three areas are what investment managers do. What portfolio managers do is … Read More
The Implicit Bets In Value vs Growth
In this week’s episode of the VALUE: After Hours Podcast, Taylor, Brewster, and Carlisle discuss the implicit bets in value vs growth. Here’s an excerpt from the episode: Jake Taylor: Sure. I thought it would be maybe fun or instructive for us to try to add a little bit of … Read More
The Problem With Investing In Cyclicals Is That You Have To Be Right Twice
During his recent interview with Tobias, Jon Boyar, JD/President of Boyar Research, discussed the problem with investing in cyclical businesses is that you have to be right twice saying: Tobias: What sort of businesses are you looking for? Would you consider cyclicals or do you avoid the cyclicals? How do … Read More
Michael Burry: What Was The Secret Sauce Of The Doomsday Machine
Here’s a great lecture by Michael Burry at the Vanderbilt University in 2011 in which he discusses how the financial crisis happened, why it should have been obvious to everyone, and what was the secret sauce of the doomsday machine. Here’s an excerpt from the lecture: So seeing the economy … Read More
(Ep.51) The Acquirers Podcast: Jon Boyar – Private Equity – Private Market Value, Spinoffs, And Super Mario Gabelli
In this episode of The Acquirer’s Podcast, Tobias chats with Jon Boyar. He is the JD/President of Boyar Research, which is one part of the value investing firm, Boyar Value Group. the Boyar family of companies has successfully navigated through many fads, gimmicks and market volatility over the past 40 … Read More
TAM Stock Screener – Stocks Appearing In Greenblatt, Dalio, Fisher 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
Tobias Carlisle On The Millennial Podcast
This week Tobias had a chat with Robert Leonard at The Millennial Podcast. During the interview they discussed various stock market investing strategies, such as deep value, value investing, and quantitative value. They also explore what an Acquirer’s Multiple is, how to find and analyze individual companies to invest in, … Read More
Monster Compounder Heico Corp
In this week’s episode of the VALUE: After Hours Podcast, Taylor, Brewster, and Carlisle discuss monster compounder, Heico Corp. Here’s an excerpt from the episode: Tobias Carlisle: Should I take it away with Heico? Great article. So I was sort of talking about that a little bit last week that it’s … Read More
This Week’s Best Investing Articles, Research, Podcasts 1/31/2020
Here’s a list of this week’s best investing reads: Being A Noob (Paul Graham) Why Market Timing Can Be So Appealing (Of Dollars and Data) 2020 Predictions (Scott Galloway) What the 2020s Will Look Like For the Markets (A Wealth of Common Sense) Are We Witnessing Another Corporate Earnings Bubble? (Felder Report) … Read More
David Tepper – Top New Buys, Top Sold Out Positions
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
Sam Zell: Where There’s No Competition You Can Produce Exceptional Margins
We’ve just been listening to a fantastic interview with Sam Zell on Tim Ferriss’ podcast. During the interview Zell speaks about one of his most successful investments and a lesson that he learned that’s important for all investors: Where there’s no competition you can produce exceptional margins. Here’s an excerpt … Read More
Value: After Hours S02 E04: How $HEI ran 47,500%; Anti-FOMO Starter Size Rules; and Value vs Glamour
Summary In this episode of the VALUE: After Hours Podcast, Taylor, Brewster, and Carlisle chat about: Heico Corp Has Increased It’s Share Price By Five Times More Than Berkshire The Stretched Rubber Band Between Growth And Value The Price That You Pay Erodes All Of The Intelligence You Had On … Read More
150 Years Of Evidence Suggests Value Investing Will Survive
In this episode of The Acquirer’s Podcast, Tobias chats with. Simon Adler. He’s a Fund Manager on the Schroders Global Value Team and he manages two funds, Global Recovery and Global Income. During the interview Simon discussed how 150 years of evidence suggests that value investing will survive: Tobias Carlisle: … Read More
Charles Munger: The Overarching Problem With The Money Management Industry
During the 2003 Berkshire Hathaway Annual Meeting, Munger and Buffett discussed the overarching problem with the money management industry, and why it’s impossible for most money managers to succeed. Here’s an excerpt from the meeting: CHARLIE MUNGER: Yeah. We have this simple, old-fashioned discipline, which Warren likens to Ted Williams … Read More
Jim Simons: 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