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
In Investing The Counter To Fooled By Randomness Is Fooled By Narrative
https://www.youtube.com/watch?v=IwkEbI1gKmk?start=3044 During his recent interview with Tobias, Corey Hoffsten provides some great insights into how investors can be fooling themselves by coming up with a narrative and then data-mining the facts to fit that narrative, saying: Corey: Yeah, I think it sounds wonderful and flowery and intuitive to say, “Hey, … Read More
Seth Klarman – Unsuccessful Investors Are Dominated By Emotion
One of the best books ever written on investing is Margin of Safety, by Seth Klarman. There’s one passage in particular in which Klarman discusses behaviors to avoid in order to achieve success in investing, saying: Unsuccessful investors are dominated by emotion. Rather than responding coolly and rationally to market … Read More
How And When You Rebalance Your Portfolio Can Significantly Impact Performance
https://www.youtube.com/watch?v=IwkEbI1gKmk?start=402 During his recent interview with Tobias, Corey Hoffstein was asked about the how and when of rebalancing a portfolio and the impact that timing can have on results. Here’s the question from Tobias and Corey’s insightful response: Tobias: So I find that particularly interesting, and it’s something that you … Read More
When There’s No Pain, There’s No Premium In Investing
https://www.youtube.com/watch?v=IwkEbI1gKmk?start=3529 In his recent interview with Tobias, Corey Hoffstein discusses his no pain, no premium investing strategy, saying: Corey: So this is one of those, it goes back to the old, “No pain, no gain.” It’s just a play on that, but at the end of the day it goes … Read More
(Ep.3) The Acquirers Podcast: Corey Hoffstein – No Pain. No Premium
In Episode 3 of the The Acquirers Podcast, Tobias chats with Corey Hoffstein of Newfound Research. The thing that really stands out about Corey is his risk forward approach to investing. Everyone distrusts back tests but Corey has elevated his distrust into an art form, or at least an investment … Read More
This Week’s Best Investing Reads 3/22/2019
Here’s a list of this week’s best investing reads: Yes, It’s All Your Fault: Active vs. Passive Mindsets (Farnam Street) The Market Won’t Provide High Returns Just Because You Need Them (A Wealth of Common Sense) The Hidden Risk When You Own Stocks for the Long Run (Jason Zweig) GMO’s Montier on … Read More
Prem Watsa – Top 10 Holdings Q4 2018
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
TAM Stock Screener – Stocks Appearing in Greenblatt, Pzena, 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
Why Has Value Investing Underperformed?
https://www.youtube.com/watch?v=H7_QJyxr2W0?start=2331 During his recent interview with Tobias, Jake Taylor of Farnam Street provides some great insights into why he thinks value investing has had such a rough time lately, saying: Jake – I think it’s a confluence of factors. I don’t know honestly. If I had to assign how much … Read More
11 Of The Best Books On Stock & Business Valuation
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
Dispersion In Investing – The Gap Between The Best and Worst Stocks Is Closing
https://www.youtube.com/watch?v=H7_QJyxr2W0?start=2477 During his recent interview with Tobias, Jake Taylor of Farnam Street discusses how the dispersion (gap) between the best and worst stocks is disappearing, saying: So one thing we’ve talked about before I know is this idea of dispersion. So you have the average of how expensive the market … Read More
How To Identify Great Capital Allocators
https://www.youtube.com/watch?v=H7_QJyxr2W0?start=777 During his recent interview with Tobias, Jake Taylor of Farnam Street discusses how investors can spot great capital allocators, saying: – But having said all that yeah there’s so many great cap allocators out there. You know obviously Buffett and Munger are the gold standard at Berkshire. But you … Read More
(Ep.2) The Acquirers Podcast: Jake Taylor – Charlie Munger and The Rebel Allocator
In Episode 2 of the The Acquirers Podcast, Tobias chats with Jacob “Jake” Taylor of Farnam Street Investments. During the interview Jake talks about his new book – The Rebel Allocator, and discusses the secret sauce of business success and investment returns – good capital allocation. He also provides some … Read More
This Week’s Best Investing Reads 3/15/2019
Here’s a list of this week’s best investing reads: The Twenty Craziest Investing Facts Ever (The Irrelevant Investor) To Find Moats Look for Monopolies and Consolidating Industries (csinvesting) Andrew Yang on the Breakfast Club (The Reformed Broker) Taleb Was Right. We’re Still Fooled by Randomness (Bloomberg) Danger Zone: Traditional Value Investors (Forbes) … Read More
When Good Ideas In Investing Become Dominant They Become Destabilizing
https://www.youtube.com/watch?v=lTVE9ixrzgA?start=3233 During his recent interview with Tobias, Chris Cole of Artemis provided a great anology of what happens when great ideas in investing become dominant, saying: I’m a single guy. I go out and I see a cute girl. I ask for her phone number. That’s taking a risk. Maybe … Read More
Top 10 Carl Icahn Holdings Q4 2018
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
TAM Stock Screener – Stocks Appearing in Dalio, Rogers, Greenblatt 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
As Markets Become More Passive, Volatility Amplifies, And Markets Become More Unstable
https://www.youtube.com/watch?v=lTVE9ixrzgA?start=2264 During his recent interview with Tobias, Chris Cole of Artemis provides some great insights into the impact that passive investing has on market volatility and market instability, saying: Let’s imagine that we go out and I get incredibly drunk. I get crazy drunk, and I am a passive investor. … Read More
John Rogers: ‘Cheap Orphan’ Stocks Appear During High Volatility Markets
Here’s a great interview with John Rogers of Ariel Investments speaking with Business Insider. During the interview Rogers shares some great insights into how ‘Cheap Orphan’ stocks appear in high volatility environments, saying: We try to make volatility our friend. And when we see stocks that are gapping down on … Read More