We recently started a series called – Superinvestors: Books That Every Investor Should Read. So far we’ve provided the book recommendations from: Charles Munger: 32 Books That Every Investor Should Read Seth Klarman: 32 Books That Every Investor Should Read Warren Buffett: 35 Books That Every Investor Should Read Bill … Read More
Charles Munger: Munger’s Rule!
Every time we listen to Charles Mungers’ famous speech titled – The Psychology of Human Misjudgement, we learn something new. One example is Munger’s example of the problem with having a ‘Board of Directors’ in American companies, saying: Finally the institution of the board of directors of a major human … Read More
TAM Stock Screener – Stocks Appearing in Greenblatt, Miller, Ainslie 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 Reads 2/1/2019
Here’s a list of this week’s best investing reads: Yuval Noah Harari: Why We Dominate the Earth (Farnam Street) Who Owns All the Stocks & Bonds? (A Wealth of Common Sense) Origins of Greed and Fear (Collaborative Fund) The Single Greatest Error (The Irrelevant Investor) Value investing is long on virtue but has been short on reward … Read More
Prem Watsa: 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
Seth Klarman: How To Increase The Likelihood Of Achieving Sustainable Gains With Limited Downside Risk Over The Long-Run
In his latest Baupost Sharholder Letter, Seth Klarman provides some great advice for investors on how to increase the likelihood of achieving sustainable gains with limited downside risk over the long-run saying: “We believe another key element in portfolio management is curtailing the duration (the weighted average life) of one’s … Read More
Howard Marks: How Can Investors Become Effective Contrarians
We’ve just been re-reading Howard Mark’s 2009 Memo – Touchstones. In the memo Marks provides some great insights into how investors can become more effective contrarians saying: Resisting – and thereby achieving success as a contrarian – isn’t easy. Things combine to make it difficult, including natural herd tendencies and … Read More
Charles Munger: If Mozart Can’t Get By With This Kind Of Asinine Conduct I Don’t Think You Should Try
Here’s some more classic Munger. During his USC Law Commencement Speech, Munger provides some insights into counteracting the self serving bias, which includes overspending ones income, saying: (6:38) “Another thing of course that does one in is the self-serving bias to which we’re all subject.” “You think that your ‘little me’ is entitled … Read More
This Week’s Best Investing Reads 1/25/2019
Here’s a list of this week’s best investing reads: The Biggest Returns (Collaborative Fund) Samuel Andrews: The Man With the Billion Dollar Ego (Farnam Street) Pulling In Their Horns (The Reformed Broker) Diversification is (Almost) Undefeated (A Wealth of Common Sense) The Investor Seth Klarman, in a Rare Interview, Offers a Warning. Davos Should Listen (The New Yorker) … Read More
TAM Stock Screener – Stocks Appearing in Greenblatt, Cohen, 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
Jim Simons: 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
Warren Buffett: There Is Only Three Ways A Smart Person Can Go Broke
Over the years Warren Buffett has spoken about the absurdity of borrowing money to buy stocks. Here’s a great short video that encapsulates his thoughts. Our favorite quote from the clip is: (1:47) – “My partner Charlie says there is only three ways a smart person can go broke: liquor, … Read More
Peter Lynch: 13 Filters For Finding The Perfect Stock
One of our favorite investing books is – One Up On Wall Street by Peter Lynch – It’s an investment classic! In Chapter Eight, Lynch provides thirteen filters for finding the perfect stock saying: Getting the story on a company is a lot easier if you understand the basic business. That’s … Read More
Charles Munger: One Filter That’s Very Useful For Investors
During the 1997 Berkshire Hathaway Shareholder Meeting, Warren Buffett and Charlie Munger were asked their thoughts on calculating intrinsic value. Here’s Munger’s response: I would argue that one filter that’s useful in investing is the simple idea of opportunity cost. If you have one opportunity that you already have available … Read More
Warren Buffett: Jack Bogle – Thank You On Behalf Of American Investors
With the sad death of John (Jack) Bogle last week we thought it would be a great time to remember Warren Buffett’s public adulation of Bogle at the 2017 Berkshire Hathaway Shareholder Meeting in which Buffett said: There’s one more person I would like to introduce to you today and … Read More
This Week’s Best Investing Reads 1/18/2019
Here’s a list of this week’s best investing reads: How to Do Great Things (Farnam Street) What I Learned From Jack Bogle (A Wealth of Common Sense) Stock Markets and the Rule of Law (The Reformed Broker) Caveat Investor? (Cliff Asness) Buy Low, Buy High (The Irrelevant Investor) Billionaire Sam Zell Buys Gold for First Time in … Read More
TAM Stock Screener – Stocks Appearing in Marks, Greenblatt, Grantham 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
Carl Icahn – 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
Stanley Druckenmiller – Bulls Make Money, Bears Make Money, And Pigs Get Slaughtered – I’m Here To Tell You I Was A Pig
We’ve just been re-reading one of our favorite speeches from legendary investor Stanley Druckenmiller at the Lost Tree Club some years ago. During the speech ‘The Druck’ provides some great insights into the mindset necessary to become a successful investor, saying: Excerpt From “The Druck” Speech The third thing I’d … Read More
Michael Burry: How Can Investors Get Even After Suffering A Loss
We’ve just been re-reading Michael Burry’s MSN Case Studies in which Burry provides some great insights into what investors should do after suffering a loss saying: How to get even An outsider might find investors’ thinking odd. Presented with new money to invest, most set goals of growing that money. They set … Read More