During his recent interview with Tobias, Andrew Wilkinson, co-founder of Tiny, discusses the origin of Dribbble. Here’s an excerpt from the interview: Tobias Carlisle: Dribbble is a really interesting business. I’ve poked around on the site before. Can you just go into what is that business exactly? Is it advertising … Read More
Michael Mauboussin: Dispersion Creates the Opportunity to Express Skill
Michael Mauboussin recently wrote a great paper titled – Dispersion and Alpha Conversion, How Dispersion Creates the Opportunity to Express Skill, in which he discusses the role that dispersion plays in creating the opportunity for investors to express skill. Here’s an excerpt from the paper: Napoleon Bonaparte purportedly said, “Ability … Read More
(Ep.63) The Acquirers Podcast: Andrew Wilkinson – Berkshire.com, How Tiny Is Building The Berkshire Of The Internet
In this episode of The Acquirer’s Podcast Tobias chats with Andrew Wilkinson, co-founder of Tiny, which is a holding company for wonderful internet businesses. During the interview Andrew provided some great insights into: Tiny – The Holding Company For Wonderful Internet Businesses Howard Stern Is Getting Ripped Off The Non-Binary … Read More
Stock In Focus – TAM Stock Screener – Charles & Colvard, Ltd. (NASDAQ: CTHR)
As part of a new series here at The Acquirer’s Multiple, we’re providing a new feature called ‘Stock in Focus‘ where we focus on one of the stocks from our Stock Screeners. One of the cheapest stocks in our Stock Screeners is Charles & Colvard, Ltd. (NASDAQ: CTHR). Charles & Colvard Ltd manufactures, … Read More
TAM Stock Screener – Stocks Appearing In Greenblatt, Dalio, 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
Focusing On The Market Can Be A Mistake If It Impacts The Way You Run The Portfolio
During their recent episode of the VALUE: After Hours Podcast, Taylor, Brewster, and Carlisle discussed How Focusing On The Market Can Be A Mistake If It Impacts The Way You Run The Portfolio. Here’s an excerpt from the episode: Tobias Carlisle: That’s a good point for a segue. I think … Read More
This Week’s Best Investing Articles, Research, Podcasts 4/17/2020
Here’s a list of this week’s best investing reads: Charlie Munger: ‘The Phone Is Not Ringing Off the Hook’ (WSJ) The Stock Market is Not Your Benchmark (A Wealth of Common Sense) Standing on the Shoulders of Giants: The Key to Innovation (Farnam Street) What Next? (Two Questions) (Collaborative Fund) This is Why We’re … Read More
Cliff Asness: The 3 Reasons That Value Has Worked For The Last Hundred Years
Here’s a great interview with Cliff Asness from AQR on the Rational Reminder Podcast discussing a number of topics including – why value investing has working for the last hundred years, saying: There are three possible reasons value has worked for the last hundred years. One is it represents a … Read More
One Stock Superinvestors Are Buying Or Holding (8)
As part of the weekly research here at The Acquirer’s Multiple we’re always interested in superinvestors who hold the same stocks that appear in our Acquirer’s Multiple Stock Screeners, based on their latest 13F’s. Investors such as Warren Buffett, Joel Greenblatt, Carl Icahn, Jim Simons, Prem Watsa, Jeremy Grantham, Seth … Read More
Set Up A Momentum Hedge To Offset False Positives
During his recent conversation with Tobias, Clayton Gardner, co-founder of Titan, discussed Setting Up A Momentum Hedge To Offset False Positives. Here’s an excerpt from the interview: Tobias Carlisle: What’s your expectation for the way that the portfolio will perform through a full business cycle? Do you have any view on … Read More
VALUE: After Hours (S02 E15): Is it Safe?, Value and the Market, Decision Making: Iterating
In this episode of the VALUE: After Hours Podcast, Taylor, Brewster, and Carlisle chat about: Value and the Market Decision Making: Iterating Focusing On The Market Can Be A Mistake If It Impacts The Way That You Run The Portfolio Small Steps to Accuracy: Incremental Updaters are Better Forecasters Nothing … Read More
Howard Marks Memo: Knowledge Of The Future
In Howard Marks’ latest memo he discusses the futility of trying to predict what’s likely to happen in the future in the world of investing saying: As I showed by using it again in last week’s memo, I was impressed by the observation of Marc Lipsitch, Harvard epidemiologist, that there … Read More
Peter Lynch: How To Deal With A Falling Stock
Here’s a great short video with legendary investor Peter Lynch providing some great insights into how to deal with a falling stock price. Here’s an excerpt from the presentation: Lynch: This is the problem that people have is they sell stocks because they didn’t know why they bought it. Then … Read More
David Tepper: Top Buys, Top Sells (Q4 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
The Consensus Of The Consensus: The Market’s Going Down And Coming Back Up
During their recent episode of the VALUE: After Hours Podcast, Taylor, Brewster, and Carlisle discussed The Consensus Of The Consensus: The Market’s Going Down And Coming Back Up. Here’s an excerpt from the episode: Tobias Carlisle: All right, let’s move on to mine and then we’ll start taking some… we’ve … Read More
Buy Good Companies That Will Not Have Free Cash Flow Impairment For The Next 3-5 Years
During his recent conversation with Tobias, Clayton Gardner, co-founder of Titan, discussed Buying Good Companies That Will Not Have Free Cash Flow Impairment For The Next 3-5 Years. Here’s an excerpt from the interview: Tobias Carlisle: On coronavirus, I think it’s been quite interesting watching FinTwit, because I think a … Read More
Seth Klarman: How To Hedge Your Portfolio
In Seth Klarman’s Book Margin of Safety he provides some great examples of how investors can hedge their portfolios, depending on what they’re currently holding. Here’s an excerpt from the book: Market risk—the risk that the overall stock market could decline—cannot be reduced through diversification but can be limited by … Read More
Tom Gayner: Top 10 Holdings (Q4 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
The New Grain Of Salt Index
During their recent episode of the VALUE: After Hours Podcast, Taylor, Brewster, and Carlisle discussed The New Grain Of Salt Index. Here’s an excerpt from the episode: Tobias Carlisle: Jake, do you want to do the Taylor rule, the new Taylor rule? Jake Taylor: That’s not the name. The name … Read More
Titan’s 13F Replication Strategy In A Fintech Wrapper
During his recent conversation with Tobias, Clayton Gardner, co-founder of Titan, discussed Titan’s 13F Replication Strategy In A Fintech Wrapper. Here’s an excerpt from the interview: Tobias Carlisle: Well, thank you. So Titan. What is it? Clayton Gardner: So Titan is mobile investing platform and we’re democratizing hedge funds and … Read More