https://www.youtube.com/watch?v=-cG2BvJQnJU?start=466 During his recent interview with Tobias, Joshua Brown, CEO of Ritholtz Wealth Management, and author at The Reformed Broker Blog, discussed how maybe it really is different this time for investors. It’s a comprehensive and interesting discussion so we broke it down into two parts. Here is Part 1 … Read More
(Ep.30) The Acquirers Podcast: Joshua Brown – Reformed Broker, Backstage Wall Street With Ritholtz CEO
Summary In this episode of The Acquirer’s Podcast Tobias chats with Joshua Brown. Joshua is the CEO of Ritholtz Wealth Management. He’s a commentator on CNBC. He’s a blogger on The Reformed Broker. He’s the Chairman of the FinTwit Federal Reserve. He’s Downtown Josh Brown. During the interview Joshua provided some great … Read More
TAM Stock Screener – Stocks Appearing in Greenblatt, Dalio, Gabelli 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
This Week’s Best Investing Articles, Research, Podcasts 9/27/2019
Here’s a list of this week’s best investing reads: Green New Deal is Inevitable (The Reformed Broker) Explaining the Stock Market to Big Cat (A Wealth of Common Sense) Canvas Q&A w/ Patrick O’Shaughnessy (bps and pieces) Fat, Happy, And In Over Your Head (Collaborative Fund) The Next Recession (The Irrelevant Investor) No Stock … Read More
Mohnish Pabrai: Q2 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
What Happens When Short Activist Investing Goes Wrong
https://www.youtube.com/watch?v=cseF_BDs0Io?start=1007 During his recent interview with Tobias, Sahm Adrangi of Kerrisdale Capital discusses his very unsuccessful short position in Straight Path. Here’s an excerpt from the interview: Tobias Carlisle: And so, can you contrast that with your experience with Straight Path? Sahm Adrangi: Sure. So Global Star is a Spectrum … Read More
Joel Greenblatt: In Investing The Last Man Standing Is Patience
In his presentation to the folks at Google, Joel Greenblatt emphasized the importance of patience in successful investing saying: “The last man standing is patience. We call it time arbitrage. Other people call it time arbitrage– just being patient. That’s in really short supply, and it’s not getting better. Things … Read More
Activist Short Selling Can Be Very Profitable
https://www.youtube.com/watch?v=cseF_BDs0Io?start=689 During his recent interview with Tobias, Sahm Adrangi of Kerrisdale Capital discusses his successful activist short position in Globalstar. Here’s an excerpt from the interview: Tobias Carlisle: Well, this firm is a pretty big firm. They put a 100 million dollars into this. So they did extensive due diligence, … Read More
Prem Watsa And His Prediction On The Sub-Prime Mortgage Crisis
Some of the best shareholder letters that investors can read are those from Prem Watsa at Fairfax Financial Holdings. In his 2006 Shareholder Letter, Watsa predicted the sub-prime mortgage crisis saying: Finally, we continue to worry about the unprecedented issuance of collateralized bonds, mortgages and loans (we hold none!). The … Read More
How Astute Investors Discovered The Chinese Reverse Merger Frauds
https://www.youtube.com/watch?v=cseF_BDs0Io?start=238 During his recent interview with Tobias, Sahm Adrangi of Kerrisdale Capital discusses how he came across a number of successful opportunities in Chinese reverse merger frauds. Here’s an excerpt from the interview: Tobias Carlisle: So the first one that you’ve wrote about was China Marine. Do you remember China … Read More
(Ep.29) The Acquirers Podcast: Sahm Adrangi – Activist Shorts, Short Selling, And Event Driven Special Situations
Summary In this episode of The Acquirer’s Podcast Tobias chats with Sahm Adrangi of Kerrisdale Capital. Kerrisdale are well known for their activist shorts, short-selling, and event-driven special situation investing, characterized by deep research, and some great research reports which they very generously share with the market. Sahm provided some … Read More
TAM Stock Screener – Stocks Appearing in Greenblatt, Dalio, 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
This Week’s Best Investing Articles, Research, Podcasts 9/20/2019
Here’s a list of this week’s best investing reads: The Cost of Waiting (Of Dollars and Data) Why Value Investing Works (Safal Niveshak) Yes, the Stock Market is Going to Crash (A Wealth of Common Sense) Why We Love to Call Everything a Bubble (Bloomberg) A Behavioral Prescription (The Irrelevant Investor) Insights on VC Pricing: … Read More
David Einhorn: Q2 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
Schroders: Has Value Investing Been Disrupted?
Here’s an article from Schroders which discusses the impact of technology on traditional value investing: Disruption is a major theme in stock markets today with companies such as Amazon and Uber challenging the traditional approach to their respective industries. Such companies are an example of so-called “growth” stocks, with investors … Read More
Distressed Investing – How To “Paper’ A Deal Without Committing Light Treason
https://www.youtube.com/watch?v=FDMhvyFwzcA?start=2154 During his recent interview with Tobias, Thomas Braziel, the Founder of 507Capital, discusses how to ‘paper’ a deal without committing light treason saying: Thomas Braziel: In the area we work in or I work in, I feel like the hardest thing is papering stuff. People will say things, ‘How … Read More
Seth Klarman: Investors Remain The Consummate Yield Gluttons!
In his 2004 Baupost Shareholder Letter, Seth Klarman made his thoughts clear on the inability of most investors to sit on the sidelines and hold cash when markets are expensive, saying: “In short, investors remain the consummate yield gluttons, seeking high return without regard for the likelihood of actually achieving … Read More
Invest Like David Tepper – Search For Stocks With ‘Cheap Optionality’
https://www.youtube.com/watch?v=FDMhvyFwzcA?start=2699 During his recent interview with Tobias, Thomas Braziel, the Founder of 507Capital, discusses the importance of searching for stocks with ‘cheap optionality’. Here’s an excerpt from the interview: Tobias Carlisle: What’s your overriding philosophy? I think that there are two principles. One is that you’re prepared to look anywhere. … Read More
Mohnish Pabrai: One Doesn’t Need To Have A Swiss Army Knife Approach To Investing
During his recent interview with MOI Global, Mohnish Pabrai explains how investors can successfully build plenty of wealth in investing with a narrow skill-set, saying: “One doesn’t need to have a Swiss Army Knife approach to investing. If you look at most entrepreneurs, they’ve created their wealth with an extremely … Read More
How To Turn A $20,000 Investment In A Bankrupt Stock Into Millions
https://www.youtube.com/watch?v=FDMhvyFwzcA?start=1130 During his recent interview with Tobias, Thomas Braziel, the Founder of 507Capital, discusses how he turned a $20,000 investment in a bankrupt stock into millions. Here’s an excerpt from the interview: Tobias Carlisle: The investment that I was referring to before, I think I got a little confused there. … Read More