Here’s a list of this week’s best investing reads: Value Investing: Bruised By 1000 Cuts (GMO) Financial Superpowers (A Wealth of Common Sense) An Ode to the Ten Commandments of Investment Management (Mohnish Pabrai) Degrees of Confidence (Collaborative Fund) This Indicator Suggests It May Pay To Favor Gold Over Equities Going Forward (The Felder … Read More
Introducing Acquirers Funds®
We’ve launched a new investment firm called Acquirers Funds® to help you put the acquirer’s multiple into action. Acquirers Funds® Our investment process begins with The Acquirer’s Multiple®, the measure used by activists and buyout firms to identify potential targets. We believe deeply undervalued, and out-of-favor stocks offer asymmetric returns, with … Read More
Graham & Doddsville Spring 2019 Newsletter
We’ve just been reading through the latest Graham & Doddsville Spring 2019 Newsletter which features interviews with: Yen Liow, Founder and Managing Partner of Aravt Capital The first interview is with Yen Liow, founder and managing partner of Aravt Capital. Yen discussed the value of having worked under a couple … Read More
Howard Marks: Top 10 Holdings Q1 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
Value Investing Will Turn Around But No-One Can Say When
https://www.youtube.com/watch?v=93ZZx44J4So?start=2862 During his recent interview with Tobias, Justin Carbonneau, a Partner at Validea Capital discusses how value investing will turn around but no-one can say when. Here’s an excerpt from the interview: Tobias Carlisle: We’ve seen this really difficult time for value. I get the feeling that you’re not necessarily a … Read More
Charlie Munger: I’m Ashamed On Missing Out On Google and, Beware of IPO Unicorns
Here’s a great recent interview with Charles Munger and Andy Serwer at Yahoo Finance – Influencers. There’s one passage in particular in which Munger admits to being ashamed that he missed out on Google, and has the following to say about loss-making Unicorn IPO’s: “Well, there are a whole lot … Read More
How Do You Generate A Performance Record Better Than Mohnish Pabrai
https://www.youtube.com/watch?v=93ZZx44J4So?start=1423 During his recent interview with Tobias, Justin Carbonneau, a Partner at Validea Capital discusses the performance of some of the greatest investors of all time, and how one investor in particular managed to out-perform Mohnish Pabrai. Here’s an excerpt from the interview: Tobias Carlisle: Robo. When folks come to the … Read More
The Time When Your Strategy Is Really About To Start Working Is Right At The Time You’re Going To Fold Your Hand
https://www.youtube.com/watch?v=93ZZx44J4So?start=1686 During his recent interview with Tobias, Justin Carbonneau, a Partner at Validea Capital discusses how often the time when your investment strategy is really about to start working is right at the time you’re going to fold your hand. Here’s an excerpt from the interview: Tobias Carlisle: I think … Read More
(Ep.10) The Acquirers Podcast: Justin Carbonneau – Guru Stocks, How To Replicate The Strategies Of Value Gurus
Summary In this episode of The Acquirer’s Podcast Tobias chats with Justin Carbonneau, a Partner at Validea Capital Management. Validea replicate guru strategies and track some other strategies. They have a money management firm, and an ETF. During the interview Justin provides some great insights into: – How Can Investors … Read More
TAM Stock Screener – Stocks Appearing in Greenblatt, Burry, 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, … Read More
This Week’s Best Investing Reads 5/10/2019
Here’s a list of this week’s best investing reads: How Compounding Works in the Stock Market (A Wealth of Common Sense) Charlie Munger on Commission-Based Brokers and Bankers (The Reformed Broker) Value Investing Will Beat Growth Again — but Maybe Not for Years to Come (Barron’s) Deja Vu (csinvesting) GMO: Your Portfolio Obsession … Read More
Joel Greenblatt: Q4 2018 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
Breadth And Risk Appetites Provide Investors With Great Timing Tools
https://www.youtube.com/watch?v=bxW1iASwzxQ?start=2995 During his recent interview with Tobias, Jesse Felder, hedge fund manager and Founder of The Felder Report Newsletter discusses how breadth and risk appetites provide investors with great timing tools. Here’s an excerpt from the interview: Jesse Felder: You’re absolutely right. It’s become a mantra of the bulls, which … Read More
Walter Schloss: When You Find Great Stocks, Keep Them A Secret
We’ve just been reading through a great interview that Walter and Edwin Schloss did with OID back in 1989. During the interview Walter Schloss explains one of the reasons why he always kept the holdings in his portfolio a secret, saying: Walter Schloss: Apropos of that, while I was at … Read More
There’s A Philosophical Problem With Passive Investing That A Lot Of Investors Don’t Appreciate
https://www.youtube.com/watch?v=bxW1iASwzxQ?start=1371 During his recent interview with Tobias, Jesse Felder, hedge fund manager and Founder of The Felder Report Newsletter discusses the philosophical problem with passive investing whereby indexes systematically underweight owner-operated companies and systematically overweight companies. Here’s an excerpt from the interview: Jesse Felder: It’s interesting to me that these … Read More
The Most Important Thing For Investors To Focus On Right Now Is Not Earnings – It’s Margins
https://www.youtube.com/watch?v=bxW1iASwzxQ?start=485 During his recent interview with Tobias, Jesse Felder, hedge fund manager and Founder of The Felder Report Newsletter discusses why ‘Margins’ are the most important thing for investors to focus on right now – not earnings. Here’s an excerpt from the interview: Tobias Carlisle: This market seems to be, … Read More
(Ep.9) The Acquirers Podcast: Jesse Felder – Bear Sh*tting, The Hidden Risks For U.S Equities
Summary In this episode of The Acquirer’s Podcast Tobias chats with Jesse Felder, who is the Founder of the popular U.S newsletter – The Felder Report, and is the co-founder of a multi-billion dollar hedge fund. During the interview Jesse provides some great insights into: – The Current Market Environment – … Read More
TAM Stock Screener – Stocks Appearing in Marks, Greenblatt, 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
This Week’s Best Investing Reads 5/3/2019
Here’s a list of this week’s best investing reads: Useful and Overlooked Skills (Collaborative Fund) Investors Aren’t Embracing Risk In The Way Equity Bulls Should Hope (The Felder Report) The Lies We Tell (Farnam Street) The quest to find companies that have a lasting competitive edge (The Economist) Warren Buffett Is About … Read More
Tweedy Browne Co LLC – 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