Howard Marks: The Refusal To Catch A Falling Knife Is A Rationalization For Inaction. It’s Our Job To Catch Falling Knives. That’s How You Get Bargains!

Johnny HopkinsHoward Marks, Investing StrategyLeave a Comment

Here’s a great interview (below) with Howard Marks at the Wharton School of the University of Pennsylvania (2018). Marks was asked his thoughts on distressed debt investing, margin of safety, and catching falling knives when evaluating prospective investments. Here’s his response: Marks: You know there’s only one intelligent form of … Read More

This Week’s Best Investing Reads 08/24/2018

Johnny HopkinsValue Investing NewsLeave a Comment

Here is a list of this week’s best investing reads: $350 Discount for Acquirer’s Multiple Subscribers – Value Invest New York – Featuring Joel Greenblatt, Howard Marks, Robert Hagstrom, Dave Iben and others Sometimes (The Reformed Broker) The Half-Life of Investment Strategies (A Wealth of Common Sense) People vs. Companies (Collaborative Fund) Case Study on Managing … Read More

Steven Cohen: Investors Take Note! Model-Driven Companies Will Accelerate Away From The Pack Now That Software Has Become Ubiquitous

Johnny HopkinsInvesting Strategy, Steven CohenLeave a Comment

One of the investors we follow closely here at The Acquirer’s Multiple is Steven Cohen, founder and chairman at Point 72 Asset Management. According to their last reported 13F filing for Q2 2018, Point72 has $25.056 Billion in managed 13F securities. Cohen recently wrote a great article together with Matthew Granade, … Read More

Warren Buffett: In The World Of Mergers And Acquisitions, A Limping Horse Could Be Peddled As Secretariat

Johnny HopkinsWarren BuffettLeave a Comment

While all of the Berkshire Hathaway shareholder letters are a must read for investors, the 1995 letter is notable for two reasons. The first is Buffett’s explanation of Berkshire’s ‘Woody Allen’ approach to investing. The second is Buffett’s commentary on acquisitions saying: “In any case, why potential buyers even look … Read More

This Week’s Best Investing Reads 08/17/2018

Johnny HopkinsValue Investing NewsLeave a Comment

Here is a list of this week’s best investing reads: The Scapegoat (The Irrelevant Investor) If You’re a Seller, Sell Now. If You’re a Buyer, Wait. (The Reformed Broker) 8 Questions I’ve Been Pondering (A Wealth of Common Sense) Joel Greenblatt Mixes Active and Passive In the Same Fund (Barron’s) You Aren’t Going To Be Right … Read More

TAM Stock Screener – Undervalued Mammoth Energy Services Inc (NASDAQ: TUSK)

Johnny HopkinsStock ScreenerLeave a Comment

One of the cheapest stocks in our All Investable Stock Screener is Mammoth Energy Services Inc (NASDAQ: TUSK). Mammoth Energy Services Inc (Mammoth) is an integrated, growth-oriented energy service company serving companies engaged in the exploration and development of North American onshore unconventional oil and natural gas reserves. The company segments include … Read More

Philip Carret: “If The Figures Look Right And The Management Knows What It Is Doing, Why Does One Need A 40-Page Report?”

Johnny HopkinsInvesting Strategy, Philip CarretLeave a Comment

One of our favorite investors here at The Acquirer’s Multiple is Philip Carret. Carret wrote one of the best books on investing called – A Money Mind at Ninety. There’s a great passage in the book, taken from his 1990 speech at Contrary Opinion Forum, in which he provides two … Read More