Here’s a great article at the WSJ which discusses the possibility of a value investing comeback in 2018. Here’s an except from that article: A little volatility might be what value stocks need to get their mojo back. Such stocks–which tend to have slow but steady earnings growth and cheap … Read More
Charles Munger: How Do You Learn To Be A Great Investor
One of our favorite investing books here at The Acquirer’s Multiple is – Damn Right: Behind the Scenes with Berkshire Hathaway Billionaire Charlie Munger. One of the best passages in the book covers Charlie Munger’s response to, “How Do You Learn To Be A Great Investor?”. Here’s an excerpt from the … Read More
This Week’s Best Investing Reads
Here’s a list of this week’s best investing reads: The Drawbacks of Behavioral Finance During a Market Correction (A Wealth of Common Sense) Winning the Battle, Losing the War (Farnam Street) Passive My A** (The Reformed Broker) Warren Buffett Shares Stories About Two Remarkable Immigrant Small Business Owners (Yahoo Finance) Why Investors Truly Have ‘Nothing To Fear … Read More
Forbes: Market Shift Coming – Value Stocks Overtake Growth In 2018
Here’s a great article at Forbes that discusses the possibility of value investing overtaking growth in 2018. Here’s an excerpt from that article: Since March 2009, growth and value stocks have pushed the U.S. stock market forward, with the two categories swapping leadership along the way. Until 2017, that is, … Read More
Acquirer’s Multiple Stocks Featuring In Buffett, Greenblatt, Simons 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 Joel Greenblatt, Carl Icahn, Jim Simons, Prem Watsa, Jeremy Grantham, and Howard Marks. The top … Read More
Rich Pzena: How To Be A Successful Value Investor In Disruptive Times
In his latest shareholder letter, Rich Pzena at Pzena Asset Management provides some great advice for investors who are finding it difficult to invest in disruptive times saying: “We are handling the current wave of disruptions the way we always have: by conducting intensive research to find skewed risk / … Read More
Bruce Greenwald: How To Significantly Improve Your Value Investing Strategy
Last year Bruce Greenwald did a great interview with Leslie Norton at Barron’s in which he discussed his ‘spin’ on value investing and how it can significantly improve your results. Here is an excerpt from that interview: Norton: Isn’t value investing about buying cheap stocks? Greenwald: There’s a Graham and … Read More
Michael Mauboussin: What Is Most Misunderstood About Value Investing Today
Here’s a great interview at Forbes in which Kevin Harris from SumZero chats with Michael Mauboussin about value investing, active management, and the state of the market. Part of the interview includes Mauboussin’s thoughts on what is most misunderstood about the discipline of value investing today? Here’s an excerpt from … Read More
Charlie Munger: How To Value A Business Or Company
One of the best resources for investors are the Daily Journal Annual meetings chaired by Charles Munger. These meetings are full of valuable investing insights for investors. One example is the 2016 Annual Meeting in which Munger was asked, “What do you use to value a business or a company? … Read More
Market Volatility Is A Value Investor’s Best Friend
Here’s a great article by Gary Smith at MarketWatch. Smith, the author of “Money Machine: The Surprisingly Simple Power of Value Investing” illustrates how market volatility provides great opportunities for value investors saying: “In fact, stock market volatility is a value investor’s best friend. Stock prices fluctuate far more than … Read More
Warren Buffett: How To Use Phil Fisher’s Scuttlebutt Method Today
Last year Warren Buffett did a great interview with Becky Quick at CNBC in which he discussed how he uses Phil Fisher’s ‘Scuttlebutt Method’ for finding investments. Phil Fisher wrote a investing classic called, Common Stocks and Uncommon Profits. Scuttlebutt means rumors or gossip about a particular product or company from … Read More
This Week’s Best Investing Reads
Here is a list of this week’s best investing reads: Making the Most of Second Chances (Farnam Street) It’s Not Too Late (A Wealth of Common Sense) We’ve Just Had a Taste of What the Tightening Will Be Like (Ray Dalio) What Investors Should Be Thinking Right Now (The Reformed Broker) A Few Charts And A Few … Read More
Acquirer’s Multiple Stocks Featuring In Soros, Pabrai, Greenblatt 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 Joel Greenblatt, Carl Icahn, Jim Simons, Prem Watsa, Jeremy Grantham, and Howard Marks. … Read More
Carl Icahn: “Bitcoin And Other Cryptocurrencies Are ‘Ridiculous'”
In a recent interview with CNBC, Billionaire investor Carl Icahn says he doesn’t like bitcoin and other cryptocurrencies, calling them “ridiculous.” He also added, “Maybe I’m too old for them. I wouldn’t touch that stuff.” Here’s an excerpt from that interview: Carl Icahn told CNBC on Tuesday that he has … Read More
David Einhorn – “Don’t Sit Around Trying To Figure Out The Precise Value Of Stocks”
David Einhorn recently did a great presentation with the team at Oxford Union where he shared a number of aspects of his investing strategy. Einhorn discusses what to do when a position is not working out, how to value stocks, the downside of short-termism, and dealing with the differences between shareholders … Read More
Morningstar: Value Investing: Patience Will Be Rewarded
Here’s a great article from Morningstar which discusses the importance of patience as a value investor. One of the key takeaways is: “However, by anchoring investment decisions to value, we can navigate challenging circumstances and look through market noise and emotion to identify and take advantage of opportunities that may … Read More
Warren Buffett – “EMT Has Been An Extraordinary Service To Us And Other Followers Of Graham”
Here’s a great passage from Warren Buffet’s 1988 Berkshire Hathaway Shareholder Letter in which he discusses issues surrounding the Efficient Marker Theory (EMT) and how it has been a godsend to Grahamites. In terms of the ‘contest’ between EMT believers and the value investing community Buffett says: “In any sort … Read More
Burton Malkiel – How to Invest in an Overpriced World
Here’s a great article at the WSJ by Burton Malkiel, author of A Random Walk Down Wall Street and Chief Investment Officer of Wealthfront. Malkiel provides two strategies that might be worth considering in an overpriced world saying: “What, then, can an investor do to control risk? The two strategies that … Read More
Mohnish Pabrai – Recommends 7 Top Investing Books… And Two Websites To Become A Better Investor
Mohnish Pabrai recently did a great presentation for the 2018 Dakshana students at JNV Bengaluru Urban, Karnataka, in India. At the start of the presentation Pabrai made a recommendation to the students to read the following seven books and two websites to become a better investor: 1. The 1957 – … Read More
This Week’s Best Investing Reads
Here’s a list of what we’ve been reading here at The Acquirer’s Multiple this week: Acquirer’s Multiple, Yog Berra and Financial Satire, and Hedge Fund Quiz (csinvesting) Bayes and Deadweight: Using Statistics to Eject the Deadweight From Your Life (Farnam Street) What To Do When Your Stocks Are Soaring? (A Wealth of Common Sense) Markets Can … Read More