In this week’s episode of the VALUE: After Hours Podcast, Taylor, Brewster, and Carlisle discussed how an oil spike could pop the Everything Bubble. Here’s an excerpt from the episode: Jake Taylor: All right, so my topic this week is about what if a spike in the oil price is … Read More
This Week’s Best Investing Articles, Research, Podcasts 2/14/2020
Here’s a list of this week’s best investing reads: Some Bull Market Reminders (A Wealth of Common Sense) An Astronaut’s Guide to Mental Models (Farnam Street) History is Only Interesting Because Nothing is Inevitable (Collaborative Fund) When You Were Born > Everything Else (The Irrelevant Investor) Crisis Investing (Verdad) What New Investors Should … Read More
Charles Munger: Daily Journal Annual Meeting 2020: Fish Where The Fish Are, And That’s Not The U.S!
This week Charles Munger spoke at the Daily Journal Annual Meeting 2020. During the meeting Munger was asked a question from our very own Bill Brewster, co-host on the VALUE: After Hours Podcast with Tobias Carlisle, and Jake Taylor. Here’s Bill’s question: (50:37) Bill Brewster: Mr Munger, Bill Brewster here … Read More
John Paulson: 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
Manage Risk By Diversifying Your Diversifiers
During his recent interview with Tobias, Corey Hoffstein, co-founder and Chief Investment Officer at Newfound Research discussed his approach to managing risk using a strategy that he calls – diversifying your diversifiers. Here’s an excerpt from the interview: Tobias Carlisle: I’ve had Adam Butler on the show, who’s Gestalt at … Read More
VALUE: After Hours (S02 E06): Greenwald on Local Competition, Oil Pops the Bubble, Jack Henry JKHY
Summary In this episode of the VALUE: After Hours Podcast, Taylor, Brewster, and Carlisle chat about: Bruce Greenwald: We’re Moving Into An Economy Based On Local Scale Advantages Will A Spike In The Oil Price Be The Pin That Pierces The Everything Bubble High Performance Compounder Jack Henry & Associates … Read More
Rich Pzena: 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
Joel Greenblatt: Why Does A Company’s Stock Price Fluctuate So Wildly
In Joel Greenblatt’s book – The Little Book That Still Beats The Market, he answers the question of why does a company’s stock price fluctuate so wildly, and what you should do about it. Here’s an excerpt from the book: Each day the newspaper lists the names of thousands of … Read More
Value Investing Indices Are Not All Created Equally
During his recent interview with Tobias, Corey Hoffstein, co-founder and Chief Investment Officer at Newfound Research discussed why value investing indices are not all created equally. Here’s an excerpt from the interview: Corey Hoffstein: Yeah, I mean, I think to your point, this is something we were chatting about before … Read More
Lessons From Fundsmith’s Shareholder Letters
In this week’s episode of the VALUE: After Hours Podcast, Taylor, Brewster, and Carlisle discussed Fundsmith’s CEO Terry Smith, and his shareholder letters. Here’s an excerpt from the episode: Tobias Carlisle: So, tell us about the Fundsmith letters. What’s the most recent Fundsmith letter? Bill Brewster: Well, I mean, Terry … Read More
Carl Icahn: Latest Activist Positions 13D/G Filings
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