Summary In this week’s episode of the VALUE: After Hours Podcast, Taylor, Brewster, and Carlisle discussed Chuck Akre – The Art Of (Not) Selling. Here’s an excerpt from the episode: Tobias Carlisle: Bill, do you want to do Chuck Akre? Chuck Acre…Akery? How do you say it? Bill Brewster: No, … Read More
Turnarounds In Big Brand Names Provide Significant Investment Opportunities
During his recent interview with Tobias, Dan McMurtrie, Founder of the Long/Short hedge fund Tyro Partners and Bangladesh VC fund – Anchorless Bangladesh, discussed how turnarounds in big brand names provide significant investment opportunities. Here’s an excerpt from the interview: Tobias Carlisle: Let’s talk about Tyro. Your Long/Short hedge fund … Read More
Is The Slowdown In Mean Reversion The Reason That Value Investing Has Lost It’s Edge?
Late last year Baruch Lev from the New York University and Anup Srivastava from the University of Calgary wrote a paper titled – Explaining the Recent Failure of Value Investing, which provides their explanations on why value investing has lost it’s edge in the past twelve years. One of the main … Read More
(Ep.49) The Acquirers Podcast: Dan McMurtrie – SuperMugatu – Long/Short Equity, Bangladesh Venture Capital, And Millennial Dating
In this episode of The Acquirer’s Podcast Tobias chats with Dan McMurtrie. He’s the Founder of the Long/Short hedge fund Tyro Partners and Bangladesh VC fund – Anchorless Bangladesh. He’s also written maybe the modern male millennial version of Carrie Bradshaw’s Sex and the City paper. He’s the artist formerly … Read More
Aswath Damodaran’s – Revisiting The Big Market Delusion
Summary In this week’s episode of the VALUE: After Hours Podcast, Taylor, Brewster, and Carlisle discussed Aswath Damodaran’s – Revisiting he Big Market Delusion. Here’s an excerpt from the episode: Tobias Carlisle: Let’s start with Aswath Damodaran. Bill Brewster: Yeah. Jake Taylor: Close. Yeah. Damodaran, something like that. Yeah. Late … Read More
This Week’s Best Investing Articles, Research, Podcasts 1/17/2020
Here’s a list of this week’s best investing reads: Haters (Paul Graham) OyoMFG (Scott Galloway) The Future of Book Publishing (A Wealth of Common Sense) Risk Is What You Don’t See (Collaborative Fund) The Investor’s Fallacy (Of Dollars and Data) 51 Ideas from 2019 (Safal Niveshak) Apple and Microsoft Are Dazzling Investors. That … Read More
Last Chance To Get Your Free Pass To See Tobias Online At The Wealth365 Summit
Last chance to get your FREE PASS to see Tobias Carlisle and a bunch of other really smart investors online at the Wealth365 Summit, January 20-25, 2020. It’s all 100% online so you don’t have to leave the comfort of your home or office. You can see Tobias on Tuesday, … Read More
Ray Dalio – 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
Guy Spier: 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
Investing Using A Buffett Partnership Style Strategy
During his recent interview with Tobias, Steven Kiel of Arquitos Capital discusses investing using a Buffett Partnership style strategy. Here’s an excerpt from the interview: Tobias Carlisle: So, these are all particularly interesting positions, how do you transition from being a lawyer to being an investor in things like this? … Read More
(S02 E02) The VALUE: After Hours Podcast
Summary In this episode of the VALUE: After Hours Podcast, Taylor, Brewster, and Carlisle chat about: A Review Of Aswath Damodaran’s – Revisiting The Big Market Delusion Chuck Akre – The Art Of (Not) Selling Justin Mallory – What Can Warren Buffett Buy? How To Stick With Your Investing Strategy … Read More
Charlie Munger: “I Don’t Like Even Looking For Exits. I’m Looking For Holds”
During the 2019 Daily Journal Annual Meeting Charlie Munger made some great admissions about his inability to successfully exit stock positions saying: “I don’t like even looking for exits. I’m looking for holds.” He was asked the question: Question: How do you think about downside protection and how do you know … Read More
The Entire Stock Market Is Loaded To One Side Of The Boat
During this week’s episode of the VALUE: After Hours Podcast, Taylor, Brewster, and Carlisle discuss how the entire stock market is currently loaded to one side of the boat, and what that might mean for the future: Tobias Carlisle: I think that’s a good segue to, actually, this was what … Read More
S1 And S3 Filings Provide A Great Source For Investment Opportunities
During his recent interview with Tobias, Steven Kiel of Arquitos Capital discusses how S1 and S3 filings provide a great source for investment opportunities. Here’s an excerpt from the interview: Tobias Carlisle: Well, let’s go back to Arquitos, how are you finding your ideas there? You say you don’t screen, … Read More
Howard Marks: Latest Memo: You Bet!
We’ve just been reading Howard Marks’ latest memo titled – You Bet! in which he discusses an observation he made when he was seventeen after reading the book Decisions Under Uncertainty: Drilling Decisions by Oil and Gas Operators by C. Jackson Grayson, Jr. His observation was that you can’t tell … Read More
‘Transition Companies’ Provide Successful Investment Opportunities
During his recent interview with Tobias, Steven Kiel of Arquitos Capital discusses special situation investing and ‘transition companies’. Here’s an excerpt from the interview: Tobias Carlisle: So, Arquitos, that’s your fund you’ve been running since 2012, it’s returned 16.9% after fees, and it says in the document that you sent … Read More
How Do You Know When You’re Ready To Start Your Own Fund And Run Outside Capital?
During this week’s episode of the VALUE: After Hours Podcast, Taylor, Brewster, and Carlisle discuss how you know when you’re ready to start your own fund and run outside capital: Tobias Carlisle: I forget which movie it is, but they talk about the American businessmen, they make these great leaps … Read More
(Ep.48) The Acquirers Podcast: Steven Kiel – Transition Co’s – Balance-Sheet-To-Income-Statement Investing, Special Situations And Graham
In this episode of The Acquirer’s Podcast Tobias chats with Steven Kiel. He runs Arquitos Capital and he’s got a lot of other interesting investments. He’s also a special situations investor. During the interview Steven provided some great insights into: Special Situations Investing – Transition Companies Balance Sheet To Income … Read More
@LAForeverHall’s Thought Provoking TweetStorm
During this week’s episode of the VALUE: After Hours Podcast, Taylor, Brewster, and Carlisle discuss @LAForeverHall’s Thought Provoking TweetStorm: Tobias Carlisle: The tweet storm that you we’re going to discuss, Bill, I’m just going to jump the gun a little bit. But the tweet storm that you had. Liz, LAForever, … Read More
This Week’s Best Investing Articles, Research, Podcasts 1/10/2020
Here’s a list of this week’s best investing reads: No One Wants to Follow a Pessimist (A Wealth of Common Sense) Gradual Improvements Redux (The Irrelevant Investor) The Two Kinds of Moderate (Paul Graham) Client for Life (The Reformed Broker) Stop Sabotaging Your Stock Portfolio, Richard Thaler Says (Barron’s ) Unremarkables (Scott Galloway) The Illiquidity … Read More