During his recent interview with Tobias, Marcelo Lima, managing member of Heller House, discusses whether software-as-a-service has changed value investing from what Warren Buffett had traditionally done? Here’s an excerpt from the interview: Tobias Carlisle: How do you make the leap to value investment from there? Marcelo Lima: Yeah, great … Read More
(Ep.38) The Acquirers Podcast: Marcelo Lima – Growth Underwriter, Software-As-A-Service (SAAS), And Intrinsic Value
Summary In this episode of The Acquirer’s Podcast Tobias chats with Marcelo Lima. He is the managing member of Heller House, who follow the time-tested strategies of Graham, Dodd and Buffett; invest with a considerable margin of safety in easily understandable, sustainable businesses. During the interview Marcelo provided some great … Read More
Ken Fisher: Q3 2019 Top 10 Holdings
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 Greenblatt, Griffin, Pzena 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
Ray Dalio: Q3 2019 Top 5 New Buys, Top 5 Sells
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
This Week’s Best Investing Articles, Research, Podcasts 11/15/2019
Here’s a list of this week’s best investing reads: What Happens Next After Stocks Are Up Big? (A Wealth of Common Sense) Berkshire Hathaway earnings; Buffett’s Investment Was Blocked by BofA’s Call Center; The Making of the World’s Greatest Investor (Whitney Tilson) Markets Where Only Fools Rush in (Jason Zweig) Surveys Are Mostly Bullshit … Read More
AQR’s Cliff Asness Says Increase Allocation To Value Stocks
Here’s an article from CNBC in which Cliff Asness, AQR Capital founder, discusses why investors should commit a “sin” and increase their allocation toward value stocks. Here’s an excerpt from that article: AQR Capital founder Cliff Asness says it’s time to “sin” a little — and by that he means … Read More
Richard Pzena: “The Longer And Deeper The Anti-Value Cycle, The Greater The Recovery For Undervalued Stocks When Markets Eventually Normalize.”
Richard Pzena has just released his firm’s Q3 2019 Commentary, in which he discusses the similarities between today’s extended bull market, and the period leading up to 1998, and what that means for value investors, saying: “History has demonstrated that the longer and deeper the anti-value cycle, the greater the … Read More
Investors Can Calculate Compounding Trajectory In Asian Companies, Based On The Disruption Created In Developed Markets
During her recent interview with Tobias, Rashmi Kwatra, founder and CIO of Sixteenth Street Capital, discusses how investors can calculate compounding trajectory in Asian companies, based on the disruption created in developed markets. Here’s an excerpt from the interview: Tobias Carlisle: You say that you’re looking for sectors that can … Read More
Warren Buffett: If You Have To Closely Follow A Company, You Shouldn’t Own It
In this interview with Andy Serwer, Yahoo Finance Editor-in-Chief, Warren Buffett says, “If you have to closely follow a company you shouldn’t own it!”. Here’s why: Andy Serwer (AS): Let’s talk a little bit about Apple. Everyone always wants to talk about Apple right. It’s kind of the ‘it’ stock, … Read More
The Leapfrog Effect: Fast-Growing Emerging Economies Can Take Advantage Of Technological Advances, Bypassing Traditional Infrastructure Building
During her recent interview with Tobias, Rashmi Kwatra, founder and CIO of Sixteenth Street Capital, discusses ‘The Leapfrog Effect’ – how fast-growing emerging economies can take advantage of technological advances, bypassing traditional infrastructure building. Here’s an excerpt from the interview: Tobias Carlisle: When you are looking at these companies, are … Read More
Bill Nygren: How To Hedge Against The Secular Changes To Traditional Value Investing
In this recent interview with Barron’s Roundtable, famed value investor Bill Nygren discusses how his firm, Oakmark Fund, hedges against the secular changes to traditional value investing. Here’s an excerpt from the interview: Q. You’ve had a great long-term track record, but the last couple of years have been tough. … Read More
How To Discover Compounders In Growth Emerging Markets (GEMs)
During her recent interview with Tobias, Rashmi Kwatra, founder and CIO of Sixteenth Street Capital, discusses how to discover compounders in growth emerging markets (GEMs). Here’s an excerpt from the interview: Tobias Carlisle: So your pitch deck describes Sixteenth Street as a long-term investor in Asian growth markets, and the … Read More
(Ep.37) The Acquirers Podcast: Rashmi Kwatra – Emerging Value, Value In South-East Asian Emerging Markets
Summary In this episode of The Acquirer’s Podcast, Tobias chats with Rashmi Kwatra. She is the founder and CIO of Sixteenth Street Capital, which invests in emerging markets using a Buffett-style approach. During the interview Rashmi provided some great insights into: How To Discover Compounders In Growth Emerging Markets (GEMs) … Read More
Tweedy Browne: Q3 2019 Top 10 Holdings
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, Griffin, Fisher 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
This Week’s Best Investing Articles, Research, Podcasts 11/8/2019
Here’s a list of this week’s best investing reads: Illusion of Transparency: Your Poker Face is Better Than You Think (Farnam Street) The Hierarchy of Stock Market Losses (A Wealth of Common Sense) Is Buying Stocks at an All-Time High a Good Idea? (Meb Faber) Einhorn and Musk Go Toe-To-Toe On Twitter (CNBC) … Read More
(Ep.36) The Acquirers Podcast (Bonus): Ian Cassel Interviews Tobias Carlisle
Summary In this episode of The Acquirer’s Podcast Ian Cassel steps into the hosts seat to interview Tobias Carlisle. Ian is the Founder of MicroCapClub and Intelligent Fanatics Capital Management. During the interview Tobias provided some great insights into: What Was The Catalyst For The Acquirer’s Multiple? Why Does Value Under-Perform During Market … Read More
Ray Dalio: The World Has Gone Mad And The System Is Broken
Ray Dalio has just written a great piece on his Linkedin page titled – The World Has Gone Mad And The System Is Broken. In the article he outlines the reasons why he believes the world is approaching a big paradigm shift. It’s a must read for all investors. Here’s … Read More
Is Value Investing A Bet Against Tech?
During his recent interview with Tobias, Jack Forehand, Partner at Validea Capital Management, discusses whether value investing is a bet against tech. Here’s an excerpt from the interview: Tobias Carlisle: And the final argument that you made is that value is a bet against tech, which that certainly seems to … Read More