One topic that gets a lot of discussion in the world of investing is the importance of catalysts. A catalyst in investing terms is an event that triggers a change to a stock price. Catalysts can include things like a latest earnings release, a positive or negative result in a … Read More
This Week’s Best Investing Reads
Here’s a list of this week’s best investing reads: For A Strategy To Outperform In The Long Run, It Has To Be Hard To Stick With (Thinknewfound.com) Has Value Investing Lost Its Shine? (Euclidean) Everything Regresses To The Mean (Morningstar) Thoughts on Cost of Capital and Buffett’s $1 Test – … Read More
Stanley Druckenmiller – The Greatest Lesson I Ever Learned From George Soros
What separates average investors from superinvestors is their ability to make big bets when they think they’re right. The question is, how do you develop such an aggressive mindset. Fortunately, one answer can be found in the book – The New Market Wizards, by Jack Schwager. There is one passage … Read More
Interview with Jesse Felder’s The Felder Report: How to Beat The Little Book that Beats the Market
I had a great time chatting with Jesse Felder on his fantastic The Felder Report. Click on the play button below to listen to the interview: We chat about the market and my new book, The Acquirer’s Multiple: How the Billionaire Contrarians of Deep Value Beat the Market out now on Kindle and paperback.
Superinvestors Agree That Business Schools Don’t Make You A Better Investor
While a lot of investors believe that a good finance course at one of the world’s most prestigious business schools is a sure-fire way to becoming a better investor, it seems that some of the greatest investors disagree. Here’s what Buffett, Munger, Greenblatt, Pabrai, and Lynch have to say about … Read More
Buffett on Lou Simpson And His Successful Investing Strategy
One of our favorite investors here at The Acquirer’s Multiple is Lou Simpson. Simpson, the Vice Chairman of GEICO, was mentioned in Buffett’s 1986 Berkshire Hathaway Shareholder Letter in which he said: “The second stage of the GEICO rocket is fueled by Lou Simpson, Vice Chairman, who has run the company’s investments … Read More
Seth Klarman – Value Investing Is A Large-Scale Arbitrage Between Security Prices And Underlying Business Value
The one book that all investors should read is Margin of Safety, by Seth Klarman. A new copy of Klarman’s book is going to set you back around $1000 on Amazon and used copies can be bought for around $750. But it’s money well spent if you wish to be … Read More
Returns to The Acquirer’s Multiple® Screeners and The Best Value Stocks
[View the story “Week Beginning October 30th, 2017” on Storify]
In case you missed it: Interview with Eric Schleien on The Intelligent Investing Podcast
Earlier this week I did a fun interview with Eric Schleien on The Intelligent Investing Podcast. Click on the play button below to listen to the interview: We talk about value investing and the acquirer’s multiple, including my new book, The Acquirer’s Multiple: How the Billionaire Contrarians of Deep Value Beat the … Read More
This Weeks Best Investing Reads
Here’s a list of this week’s best investing reads: What the Charts Don’t Tell You (A Wealth of Common Sense) No Talent (The Reformed Broker) Graham & Doddsville Latest Newsletter (columbia.edu) Playing The Odds (The Irrelevant Investor) Passive Should Never Laugh At Active (The Macro Tourist) How to Remember What You Read (Farnam Street) Hash Power – A Documentary on … Read More
David Einhorn: Value Investing May Be Dead And Amazon And Tesla Killed It
Here’s a great article on CNBC about David Einhorn and his thoughts on the future of value investing from his latest shareholder letter. “Given the performance of certain stocks, we wonder if the market has adopted an alternative paradigm for calculating equity value,” Einhorn writes in an investor letter to … Read More
Interview on The Meb Faber Show
I had a great time chatting with Meb Faber on The Meb Faber Show. Click on the play button below to listen to the interview: We cover a lot of ground about investing and the acquirer’s multiple, including my new book, The Acquirer’s Multiple: How the Billionaire Contrarians of Deep Value Beat … Read More
New book out now! The Acquirer’s Multiple: How the Billionaire Contrarians of Deep Value Beat the Market
My new book The Acquirer’s Multiple: How the Billionaire Contrarians of Deep Value Beat the Market is out now on Kindle, paperback, and Audible. From Amazon The Acquirer’s Multiple is an easy-to-read account of deep value investing. The book shows how investors Warren Buffett, Carl Icahn, David Einhorn and Dan Loeb … Read More
Warren Buffett – Mistakes of the First Twenty-Five Years
One of the best resources available to investors are the Berkshire Hathaway shareholder letters. One of my personal favorites is the 1989 letter in which Warren Buffett wrote a piece called – Mistakes of the First Twenty-five Years (A Condensed Version). It’s a great insight into how even the greatest investors … Read More
Charlie Munger – Successful Investing Is About Being ‘Non-Idiotic’
One of the best resources for investors are the Daily Journal Corporation shareholder meetings chaired by Charlie Munger. My personal favorite is his 2015 meeting in which he discusses Darwinism, Henry Singleton, human nature, and what he learned from Einstein. But there’s also a wonderful insight into how he was able … Read More
Bruce Berkowitz – 26 Maxims For Successful Value Investing
One of my favorite investing books is Invest Like A Dealmaker by Christopher Mayer. The main premise of the book is that there are two market prices for a company listed on the stock exchange. One price (the public market price) can be found using the ticker symbol on sources like … Read More
Returns to The Acquirer’s Multiple® Screeners and The Best Value Stocks
[View the story “Week Beginning October 23rd, 2017” on Storify]
Mohnish Pabrai – Focus On Individual Stocks And Never Ever Invest In IPO’s – Here’s Why
Here’s a great interview with Mohnish Pabrai on ET Now. With regards to IPO’s Pabrai says, “The simple rule to follow is do not buy what is being sold, especially what is being sold by promoters. Just completely side step the IPO market.” In relation to individual stock investment he … Read More
This Week’s Best Investing Reads
Here’s a list of this week’s best investing reads: Poking Holes in the Market Bubble Hypothesis (csinvesting) Income Investors: It’s OK to Be Sad, But Don’t Get Desperate (Jason Zweig) Stocks Are More Than Twice As Highly Valued Today Than They Were In 1987 Before The Crash (The Felder Report) They’re All Going to Leave (The Irrelevant Investor) … Read More