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
Capturing Crisis Alpha – Most Investors Are Not As Diversified As They Think They Are
https://www.youtube.com/watch?v=lTVE9ixrzgA?start=196 During his recent interview with Tobias, Chris Cole explains how to capture crisis alpha and why most investors are not as diversified as they think they are, saying: I have a different philosophy on the world than what is taught in most mainstream finance books which are taught in … Read More
(Ep.1) The Acquirers Podcast: Christopher Cole – Volatility and Crisis Alpha
Here’s a great interview with Tobias speaking to Christopher Cole of Artemis Capital Management. Chris Cole is a 39-year-old hedge fund manager from Texas who uses volatility to provide “crisis alpha.” Cole runs Artemis Capital, a hedge fund that seeks to outperform in a stock market crash–to “generate opportunity from … Read More
Introducing The Acquirers Podcast
We’re launching a new podcast called The Acquirers Podcast. It’s about finding undervalued stocks, deep value investing, hedge funds, activism, buyouts, and special situations. We’re going to uncover the tactics and strategies for finding good investments, managing risk, dealing with bad luck, and maximizing success. We’ll be publishing the first … Read More
This Week’s Best Investing Reads 3/8/2019
Here’s a list of this week’s best investing reads: The Stormtrooper Problem: Why Thought Diversity Makes Us Better (Farnam Street) How The Buffett Yardstick Shows Both ‘Sky-High’ Stock Market Valuations And Investor Sentiment (The Felder Report) The Worst Entry Point in Stock Market History? (A Wealth of Common Sense) Summary Edition Credit … Read More
TAM Stock Screener – Stocks Appearing in Greenblatt, Grantham, O’Shaughnessy 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
Seth Klarman Protege David Abrams – 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
Aswath Damodaran: Do Not Invest In Companies That Try To Achieve Growth Through Acquisition
Here’s a great article by Aswath Damodaran in which he warns investors who are considering investing in companies that use acquisitions as part of their growth strategy, saying: “If you look at the collective evidence across acquisitions, this is the most value destructive action a company can take.” Here’s an … Read More
Joel Greenblatt – If You Do Good Valuation Work The Market Will Agree With You Eventually
Here’s a great recent interview with Joel Greenblatt at CNBC discussing value investing and the one promise that he makes to his new value investing students at Columbia University, saying: We value businesses like we’re a private equity firm. That’s what stocks are. They’re not pieces of paper that bounce … Read More
Warren Buffett: Stocks – What Else In The World Don’t You Like To Buy Cheaper Than You’re Paying The Day Before?
Here’s a great recent interview with Warren Buffett at CNBC discussing a number of topics including his value investing mindset. Here’s an excerpt from the interview: BECKY QUICK: I know you’re like Dr. Spock. You’re completely emotionless, when it comes to dealing with market moves. But is there any part … Read More
This Week’s Best Investing Reads 3/1/2019
Here’s a list of this week’s best investing reads: Cherish Your Exceptions (A Wealth of Common Sense) An Investment Approach That Works (Farnam Street) Don’t Dismiss The Dire Message From ‘The Index Of The Volume Of Speculation’ (The Felder Report) Numbers Are Not Reality (The Irrelevant Investor) How to follow the economy (The … Read More
TAM Stock Screener – Stocks Appearing in Pabrai, Watsa, Dalio 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
Howard Marks: The Greatest Advantage In This Business Is Having Ten-Year Money
Here’s a great excerpt from Howard Marks’ recent interview on Real Vision. During the interview Marks explains how the structure of the Oaktree Capital Funds protects investors from themselves when the ‘herd’ wants to withdraw funds saying: “First of all we have the confidence of our investors. Secondly, the money … Read More
Berkshire Hathaway: 10 Books That Every Investor Should Read
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
Seth Klarman – 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