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
Robert Shiller: ‘Gut Feelings’ Are Driving The Markets
Robert Shiller recently wrote a great article in The New York Times titled – ‘Gut Feelings’ Are Driving The Markets in which he discusses why the U.S stock market is trading at a very high level today. The data shows where the market stands, but doesn’t tell us how it … Read More
TAM Stock Screener – Stocks Appearing In Cohen, Griffin, 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
Charles Munger: Q4 2019 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
Bill Gates: Q3 2019 – 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
Key Insights From The Man Who Solved The Market
During his recent interview with Tobias, Gregory Zuckerman, author of The Man Who Solved the Market, discussed his key takeaways from the book. Here’s an excerpt from the interview: Tobias Carlisle: Look, I absolutely loved the book. Thoroughly recommend everybody go and take a look at it. It’s The Man … Read More
(S02 E01) The VALUE: After Hours Podcast
Summary In this episode of the VALUE: After Hours Podcast, Taylor, Brewster, and Carlisle chat about: Our 2020 New Year’s Resolutions 3 Points From @LAForeverHall’s Thought Provoking Tweet The Entire Stock Market Is Loaded To The Gills On One Side Of The Boat How Do You Know When You’re Ready … Read More
Get Your Free Pass To See Tobias Online At The Wealth365 Summit
Get your FREE PASS to see Tobias Carlisle and a bunch of other really smart investors online at the Wealth365 Summit, January 2020. It’s all 100% online so you don’t have to leave the comfort of your home or office. Click on the link or image below to register now … Read More
Peter Lynch: Buy Stocks That Are In The Second Innings Of The Ballgame
Peter Lynch recently did a great interview with Barron’s in which he provided some great insights into what characterizes a great company, understanding the company’s story, and buying stocks that are in the second innings of the ballgame. Here’s an excerpt from the interview: Barron’s: What are your insights since retiring … Read More
How Being ‘Too Big’ In Investing Leads To Underperformance
During his recent interview with Tobias, Gregory Zuckerman, author of The Man Who Solved the Market, discussed how being too big in investing leads to under-performance. Here’s an excerpt from the interview: Tobias Carlisle: You pose some great questions at the start of the book and I’m interested to know … Read More
The Investing Version Of Marry, F#&%, Kill – Buy, Trade, Short
During this week’s episode of the VALUE: After Hours Podcast, Taylor, Brewster, and Carlisle discuss the investing version of Marry, F#&%, Kill – Buy, Trade, Short: Jake Taylor: Well, in the name of the holidays, I thought it’d be fun to play a game. There’s this kind of fun game … Read More
Bruce Greenwald: Look For Stocks That Are Temporarily Diseased
During his recent interview on the Value Investing With Legends Podcast, Bruce Greenwald provided some great insights into the importance of being on the right side of the trade and looking for stocks that are temporarily diseased saying: You always want to think about, why is what I’m doing going … Read More