As a new weekly feature here at The Acquirer’s Multiple, we’re going to take a look at the latest activist positions from some of our favorite superinvestors based on their latest 13D/13G filings. Activist investors like Warren Buffett, Carl Icahn, David Einhorn, Bill Ackman, Paul Singer, Howard Marks. John Paulson, … Read More
The Agnostic’s Case For Value
During his recent interview with Tobias, Corey Hoffstein, co-founder and Chief Investment Officer at Newfound Research discussed the agnostic’s case for value. Here’s an excerpt from the interview: Tobias Carlisle: That sounds great. Oh man, you’ve got to help out long suffering value, guys. I’m looking for any kind of … Read More
Are We Seeing A Return To Risk Arbitrage
In this week’s episode of the VALUE: After Hours Podcast, Taylor, Brewster, and Carlisle discussed the return of risk arbitrage. Here’s an excerpt from the episode: Tobias Carlisle: Shall we kick on to the next topic? Jake, do you want to give us yours? Jake Taylor: Yeah. I recently read … Read More
Michael Mauboussin: Many Investors Are Not Congruent With What They’re Ultimately Trying To Do
Here’s a great interview with Patrick O’Shaughnessy and Michael Mauboussin on ways to improve processes at Capital Camp 2019. During the interview Mauboussin discusses one reason why many investors underperform saying: “Many people sort of think that they’re doing one thing but if you watch… you kind of roll back … Read More
(Ep.52) The Acquirers Podcast: Corey Hoffstein – Equity Momo – Robust Equity Momentum, And The Agnostic Case For Value
In this episode of The Acquirer’s Podcast Tobias, chats with Corey Hoffstein. He is a co-founder and Chief Investment Officer at Newfound Research. Founded in August 2008, Newfound Research is a quantitative asset management firm based out of Boston, MA. During the interview Corey provided some great insights into: The Robust … Read More
TAM Stock Screener – Stocks Appearing In Icahn, Gabelli, Griffin 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
What Makes Constellation Software’s Growth-Through-Acquisition Strategy Great
In this week’s episode of the VALUE: After Hours Podcast, Taylor, Brewster, and Carlisle discussed Constellation Software’s growth-through-acquisition-strategy. Here’s an excerpt from the episode: Tobias Carlisle: So I’ve got this ongoing theme where I’m looking at companies that basically are set up to do acquisitions, so we looked at Barry Diller … Read More
This Week’s Best Investing Articles, Research, Podcasts 2/7/2020
Here’s a list of this week’s best investing reads: Putting the Next Market Downturn into Perspective (A Wealth of Common Sense) The Illusory Truth Effect: Why We Believe Fake News, Conspiracy Theories and Propaganda (Farnam Street) Useful Laws of the Land (Collaborative Fund) AirPods, Azure & Auschwitz (Scott Galloway) Tesla Is Just The … Read More
Prem Watsa: Top Buys, Top 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
VALUE: After Hours (S02 E05): Risk Arbitrage, Leonard’s Constellation CSU.TO And The Fundsmith Letter
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