One of the cheapest stocks in our Large Cap 1000 Stock Screener is Lam Research Corporation (NASDAQ: LRCX). Lam Research (Lam) manufactures equipment used to fabricate semiconductors. The firm is focused on the etch, deposition, and clean markets, which are key steps in the semiconductor manufacturing process. Lam’s flagship Kiyo, Vector, and … Read More
Jim Rogers: “Anytime That You Think You’ve Become A Financial Genius—It Is Time To Sit Back And Do Nothing For A While”
One of our favorite investing books here at The Acquirer’s Multiple is – A Gift to My Children: A Father’s Lessons for Life and Investing, by Jim Rogers. Rogers co-founded the successful Quantum Fund with George Soros back in 1973. There’s a great passage in the book in which Rogers provides … Read More
Warren Buffett: How to Minimize Investment Returns
In their Berkshire Hathaway 2005 shareholder letter Warren Buffett provided a great illustration of how shareholders continually sabotage their investment returns saying: “Long ago, Sir Isaac Newton gave us three laws of motion, which were the work of genius. But Sir Isaac’s talents didn’t extend to investing: He lost a … Read More
Whitney Tilson: Analysis of Berkshire Hathaway’s Blowout Earnings
Over the weekend Whitney Tilson tweeted on Berkshire Hathaway’s blowout earnings saying: Berkshire reported blowout earnings this morning, with pretax operating earnings soaring 67%! We’ve posted our take here: https://t.co/VqfX6y4qIj. Our estimate of intrinsic value is now $348,000 for the A shares, meaning that BRK is trading at a 12% … Read More
Value Stocks Come Roaring Back From the Dead – Bloomberg
Here’s a great article at Bloomberg which discusses the possible shift back to value stocks as cracks start to emerge in momentum stocks thanks to earnings disappointments from companies such as Facebook Inc. and Netflix Inc saying: Cheap equities are in vogue at long last — lending a helping hand … Read More
50 Of The Best Investing Books Of All Time
Last week we put together our list of 150 of the best investing blogs on the planet for 2018. This week we’ve compiled a list of what we consider to be 50 of the best investing books of all time. The Best Investing Books of All Time This list is … Read More
This Week’s Best Investing Reads 08/3/2018
Here is a list of this week’s best investing reads: The Spectrum of Financial Dependence and Independence (Collaborative Fund) The 3 Levels of Wealth (A Wealth of Common Sense) No, No, No (The Irrelevant Investor) Once in a lifetime, if you’re lucky (The Reformed Broker) The Untapped Market That’s Ripe For Activists (Institutional Investor) It’s More Than Just FANG … Read More
TAM Stock Screener – Undervalued RMR Group Inc (NASDAQ: RMR)
One of the cheapest stocks in our All Investable Stock Screener is RMR Group Inc (NASDAQ: RMR). The RMR Group Inc (RMR) is a holding company which conducts its business through its subsidiary RMR Group LLC. The RMR Group LLC is an alternative asset management company which invests in real estate and … Read More
TAM Stock Screener – Stocks Appearing in Greenblatt, Gabelli, Grantham Portfolios
One of the new weekly additions 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, Ray … Read More
Alexander Roepers: Why Disciplined Investing Trumps Big Headlines
One of the activist investors we follow closely here at The Acquirer’s Multiple is Alexander Roepers. Earlier this year Roepers did a great interview with Forbes in which he discussed his investment strategy. He highlighted the importance of thinking like a private equity owner, and staying within your circle of … Read More
David Einhorn: “Right Now The Market Is Telling Us We Are Wrong, Wrong, Wrong About Nearly Everything”
David Einhorn recently released his Q2 2018 shareholder letter. It’s been another difficult quarter for Greenlight Capital losing an additional (5.4)%, and bringing the Greenlight Capital funds’ (the “Partnerships”) year-to-date loss to (18.3)%. In a quarter when the S&P 500 index returned 3.4%, bringing its year-to-date return to 2.6%. Despite the … Read More
Howard Marks: Very Few Investors Consistently Know When A Stock Price Is Wrong, And By How Much, And In Which Direction
Howard Marks provides a great reminder in his 2001 shareholder letter that it takes a lot more than hard work for active managers to be successful in investing. He added that increasing the number of analysts to their firm does little to add value to their analysis saying: “I was … Read More
Warren Buffett: “The Worst Deal That I’ve Made”
We’ve just been listening to a great podcast at NPR with Michael Batnick discussing his new book – Big Mistakes: The Best Investors and Their Worst Investments. During the conversation Batnick tells the story of Warren Buffett’s greatest mistake, the purchase of Dexter Shoes. Here’s how he describes it: “So what he … Read More
The Value Premium: What This Indicator Is Telling Us About The Business Cycle
Here’s a great article by George Athanassakos at The Globe and Mail. Athanassakos is a finance professor and the Ben Graham Chair in Value Investing at the Richard Ivey School of Business, University of Western Ontario. He’s discussing a recent paper titled The Value Premium and Expected Business Conditions, which illustrates … Read More
150 Of The Best Investing Blogs On The Planet (2018)
It’s that time of the year again when Tobias and I sit down to pick out one hundred of the best investing blogs on the planet. This year, with so many great blogs, we’ve extended the list to one hundred and fifty. This list is by no means complete but … Read More
This Week’s Best Investing Reads 07/27/2018
Here is a list of this week’s best investing reads: There’s No Such Thing as Mosquito Week (A Wealth of Common Sense) Thinking Big and Survivorship Bias (The Irrelevant Investor) “How do you start a life these days?” (The Reformed Broker) Why It Might Be A Good Time To Revisit Ray Dalio’s 1937 Analog (The Felder Report) … Read More
TAM Stock Screener – Undervalued Silvercorp Metals Inc (NYSEAMERICAN: SVM)
One of the cheapest stocks in our All Investable Stock Screener is Silvercorp Metals Inc (NYSEAMERICAN: SVM). Silvercorp Metals Inc (Silvercorp) is a mineral mining company. It acquires, explores, develops, and mines precious and base metal mineral properties at its producing mines and exploration and development projects in China. Its segments are … Read More
TAM Stock Screener – Stocks Appearing in Greenblatt, Romick, Ainslie Portfolios
One of the new weekly additions 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, Ray … Read More
Horizon Kinetics: Great News For Active Investors – The History Of Passive Investing Over The Past 20 Years
One of the shareholder letters we really look forward to reading is the one from Horizon Kinetics. In their recently released Q2 2018 letter Horizon Kinetics provides some interesting research and commentary on the performance of passive investing over the past 20 years. The results may surprise many investors saying: … Read More