The Acquirer’s Multiple Gazette is a roundup of this week’s best investing reads, podcasts, tweets and superinvestor news: Investing Reads Complexity Bias: Why We Prefer Complicated to Simple (Farnam Street) Will Big Tech Do The Right Thing? (The Felder Report) The Fatal Mistake Crypto Investors are Making Now (The Reformed Broker) 10 Things Investors Can Expect in … Read More
Acquirer’s Multiple Stocks Featuring In Greenblatt, Simons Portfolios
One of the new weekly additions here at The Acquirer’s Multiple will feature some of the top picks from our All Investable Stock Screener and some top investors that have added, or are holding, these same picks in their portfolios. Investors such as Joel Greenblatt, Jim Simons, Jeremy Grantham and … Read More
Warren Buffett: Why Stocks Beat Gold, Bonds… and Bitcoin
It’s quite incredible to watch the latest euphoria surrounding cryptocurrencies and Bitcoin. Whether or not we’re witnessing a bubble, only time will tell. But at the time of writing there are 1395 cyrptocurrencies with a combined market cap of approximately $730 Billion. Of which Bitcoin has a market cap of … Read More
Shelby Cullom Davis & The Wisdom of Great Investors
One of the best papers ever written on investing is The Wisdom of Great Investors, provided by Davis Advisors. Davis Advisors was founded by legendary investor Shelby Cullom Davis, a leading financial advisor to governors and presidents, who parlayed an initial investment of $100,000 in the late 1940s into more than … Read More
Bruce Berkowitz – Our Successful Three Step Approach To Value Investing
One of our favorite investors here at The Acquirer’s Multiple is Bruce Berkowitz. He is the Founder and Chief Investment Officer of Fairholme Capital Management, and President and a Director of Fairholme Funds. In 2010 Berkowitz was named as the 2009 Domestic-Stock Fund Manager of the Year by Morningstar as well … Read More
Acquirer’s Multiple Airline Stocks Featuring In Top Investor Portfolios
There are currently three airline stocks listed in our All Investable Stock Screener. They are: Hawaiian Holdings, Inc. (NASDAQ:HA) JetBlue Airways Corporation (NASDAQ:JBLU) Alaska Air Group, Inc. (NYSE:ALK) And it seems we’re not the only ones that think these airline stocks are cheap. A quick look at the latest 13F’s over at WhaleWisdom … Read More
Reuters – Value Stocks Expected To Jump In 2018
Here’s an article from Reuters, written by David Randall, that should be of interest to value investors, regarding the prospects of value stocks in 2018. NEW YORK (Reuters) – Value stocks are getting a once-over from some U.S. growth fund managers in early 2018 as they prowl for overlooked shares … Read More
This Week’s Best Investing Reads
Here is a list of this week’s best investing reads: If Everyone Knows Pensions Are Screwed Why Are They Investing In The Exact Same Fashion? (The Felder Report) My Favorite Charts (The Irrelevant Investor) Dow 25,000 (The Reformed Broker) Profit Margins, Bayes’ Theorem, and the Dangers of Overconfidence (Jesse Livermore) When Things Don’t Make Any Sense (A Wealth … Read More
Michael Mauboussin – Here Is The Best Way To Compare Investment Opportunities
One of the problems that we face as investors is making comparisons between investment opportunities. Similarly, company management has to make comparisons between strategic merger and acquisition opportunities. So the question is, what is the best way to do this? One answer can be found in Michael Mauboussin’s recent paper … Read More
Ray Dalio – The Holy Grail Investing Strategy
Bridgewater founder Ray Dalio has written a lot about his principles, but not so much about his investing principles. In his latest book – Principles: Life and Work, Dalio discusses the purpose and importance of having principles, his most fundamental life principles, and his management principles at Bridgewater. But in terms … Read More
Mohnish Pabrai – “Stop Losses Make No Sense” – Here’s Why
Mohnish Pabrai recently did a great interview with BloombergQuint, the Indian financial news organisation. While Pabrai has said many times that he’s not a fan of stop-losses, in this interview he provides a great example of how stop-losses can seriously hurt your performance. Here’s an excerpt from the interview: Pabrai: … Read More
This Week’s Best Investing Reads
Here is a list of this week’s best investing reads: The Experts Are Wrong Again (csinvesting) One Final Puff (The Irrelevant Investor) You’re on your own now (The Reformed Broker) It’s never been a better time to be a contrarian. (13D Research) The Urban Dictionary is surprisingly up-to-date: nocoiner edition (Bronte Capital) Stock Market Valuations Won’t Predict the Next Crash (A Wealth … Read More
Undervalued Quarterhill Inc (QTRH) FCF/EV Yield 15%, Acquirer’s Multiple 3.55
One of the cheapest stocks in our All Investable Stock Screener is Quarterhill Inc (NASDAQ:QTRH). Quarterhill Inc (Quarterhill), formerly Wi-LAN Inc, is a Canada-based investment holding company focused on growing its business by acquiring technology companies in the Industrial Internet of Things (IIoT) across multiple verticals. A quick look at Quarterhill’s share price history … Read More
This Week’s Best Investing Reads
Here’s a list of this week’s best investing reads: 2017 Has Been a Remarkable Run For Stocks (A Wealth of Common Sense) Disrupt Yourself and Grow (MicroCapClub) Why Young Investors Should Hope For a Crash (The Irrelevant Investor) TIP169: Jesse Felder – FANG Stocks, Crypto, Central Banks, Inflation (The Investors Podcast) Sometimes it’s not complicated (The … Read More
Charles Munger – “I Didn’t Mean To Get Rich I Just Overshot” + “Bitcoin is Total Insanity!!”
We just watched an awesome interview with Charles Munger at The University of Michigan 2017. The interview is a fantastic insight into Munger’s journey though life and his career. Two of our favorite parts are when Munger talks about the role of luck in investing, and his thoughts on Bitcoin. … Read More
Leon Levy – “Value Investing Is As Close As It Gets To A Golden Rule”
One of our favorite value investors here at The Acquirer’s Multiple is Leon Levy. Levy joined the small brokerage firm of Oppenheimer & Company in 1951 and later founded Odyssey Partners with Jack Nash in 1982. Odyssey Partners earned an average annual return for its investors of 22% over 14 years. … Read More
Buffett & Munger – The ‘Eureka Moment’ For Two Of The World’s Greatest Investors
It seems that all of the great investors have a ‘eureka moment’ during their investing careers. A ‘eureka moment’ refers to the common human experience of suddenly understanding a previously incomprehensible problem or concept. Sometimes referred to as an ‘Aha’ moment. And so it was two of the world’s greatest … Read More
Howard Marks – “A Hugely Profitable Investment That Doesn’t Begin With Discomfort Is Usually An Oxymoron..”
One of our favorite investing books here at The Acquirer’s Multiple is – The Most Important Thing: Uncommon Sense for the Thoughtful Investor, by Howard Marks. It’s a must read for all investors. One of our favorite pieces in the book discusses the importance of being contrarian in your investing approach … Read More
Returns to The Acquirer’s Multiple® Screeners and The Best Value Stocks
[View the story “Week Beginning December 18th, 2017.” on Storify]
This Week’s Best Investing Reads
Here’s a list of this week’s best investing reads: 10 Questions: Todd Combs (FSU Alumni) Intrinsic Value–Objective or Subjectively Determined? (csinvesting) Bloomberg Pronounces The Early Death Of The Traditional Long-Short Hedge Fund Model (Zero Hedge) A Twist (The Reformed Broker) Jim Simons, The Numbers King (The New Yorker) What’s Eating Bill Ackman (The Institutional … Read More