During his recent interview with Tobias, Mark Yusko of Morgan Creek Capital Management discusses how he turned $100,000 into $20 Million in one trade. Here’s an excerpt from the interview: Tobias Carlisle: Let me take you back a little bit. So you start at UNC Chapel Hill 1998, you have … Read More
Warren Buffett: Q3 2019 – Top New Buys, Top Sold Out Positions
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
Michael Mauboussin: 10 Rediscovered Lectures From Benjamin Graham
Michael Mauboussin recently tweeted an awesome collection of Ben Graham’s rediscovered lecture series – Current Problems in Security Analysis (September 1946-February 1947). It’s a must read for all investors. Here’s a link to the tweet below, or you can find them at The Heilbrunn Centre for Graham and Dodd investing … Read More
Julian Robertson: One Of The Most Important Lessons – Double Up, Not Down!
During his recent interview with Tobias, Mark Yusko of Morgan Creek Capital Management discusses one of the most important lessons he learned from Julian Robertson – double up, not down! Here’s an excerpt from the interview: Mark Yusko: I’ve been very lucky. It’s interesting, I’ve been incredibly blessed in my … Read More
Bill Nygren: Here’s Why Alphabet And Netflix Can Be Classified As Value Stocks
In a recent interview with Barron’s famed value investor Bill Nygren explained why Alphabet and Netflix fall into the value stock category. Here’s an excerpt from the interview: You own Alphabet and Netflix. Those are not typical value stocks. One of the ways we differ from some value investors is … Read More
What Can Investors Learn From Ray Dalio’s Mentorship With Sean ‘Diddy’ Combs
Last week Ray Dalio tweeted that he was mentoring Sean ‘Diddy’ Combs, and included a twenty-five minute video of the session. While the entire video is great, there’s one section that is particularly relevant to helping us become better investors. Here’s an excerpt from the video: Diddy: I wanted to … Read More
How Does The Endowment Model (Of Investing) Work?
During his recent interview with Tobias, Mark Yusko of Morgan Creek Capital Management discusses how the endowment model (of investing) works. Here’s an excerpt from the interview: Tobias Carlisle: Just before you go on, what is the endowment model, that’s the … what is the insight, the key insight, to … Read More
(Ep.42) The Acquirers Podcast: Mark Yusko – Endowment Value, Endowment Model, Value Investing, Crypto And Bitcoin
Summary In this episode of The Acquirer’s Podcast Tobias chats with Mark Yusko. He’s the Founder, CEO, and Chief Investment Officer of Morgan Creek Capital Management, an asset manager with $2 billion under management. During the interview Mark provided some great insights into: Before Fama And French There Was Bill … Read More
Carl Icahn: 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
George Soros: Q3 2019 – 5 Top New Buys, 5 Top Sold Out Positions
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 12/13/2019
Here’s a list of this week’s best investing reads: Tradeoffs: The Currency of Decision Making (Farnam Street) Bull Markets Last Much Longer Than You Think (A Wealth of Common Sense) It’s Time To Get Greedy In The Energy Sector (The Felder Report) Michael Mauboussin found the ideal team size for a money … Read More
Carl Icahn: The Life Of An Activist Investor
If you’ve ever wonder what it’s like to be an activist investor, you may want to take a look at Carl Icahn’s latest open letter to the shareholders of HP and his strong criticism of the HP board for not pursuing its possible acquisition by Xerox. Icahn currently owns around … Read More
TAM Stock Screener – Stocks Appearing In Greenblatt, Pabrai, Yacktman 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: It’s Madness To Set Return Targets
In 2008 Seth Klarman did a great interview with the Harvard Business School to discuss his value investing philosophy, why he believes it continues to work and, why it’s madness to set return targets. Here’s an excerpt from the interview: Q. Did you ever waver in your investment style? A. … Read More
The Intellectual Investor – The Intelligent Investor, Plus Creativity
During his recent interview with Tobias, Vitaliy Katsenelson, author and CEO of Investment Management Associates discusses the new book he’s working on – The Intellectual Investor – The Intelligent Investor, Plus Creativity. Here’s an excerpt from the interview: Tobias Carlisle: You’re working on a new book, The Intellectual Investor. Do you want … Read More
OSAM: The Momentum Factor Will Continue To Deliver Outperformance – Here’s Why
Jamie Catherwood at O’Shaughnessy Asset Management recently wrote a comprehensive piece on why the momentum factor will continue to deliver outperformance saying: There are no certainties in investing, but one can be very confident that human nature will not be changing any time soon. Since shares first traded on the … Read More
Michael Mauboussin: Ben Graham’s Overarching Investing Lesson
We’ve just been listening to Michael Mauboussin’s interview on the Jim Rutt Podcast. During the interview he spoke about the fact that while a number of Ben Graham’s methods have become dated, there is one overarching investing lesson. Here’s an excerpt from the interview: Michael: So I just tried to … Read More
The Tablecloth to Napkin Financial Analysis Model
During his recent interview with Tobias, Vitaliy Katsenelson, author and CEO of Investment Management Associates discusses his tablecloth to napkin financial analysis model. Here’s an excerpt from the interview: Tobias Carlisle: So I think that sometimes value investors kind of poo-poo the growth at a reasonable price, but I don’t … Read More
Warren Buffett: 15 Book Recommendations Last 10 Years
CNBC recently compiled a list of book recommendations from Warren Buffett, taken from his shareholder letters over the past ten years. Here’s the list: 1. ‘Poor Charlie’s Almanack: The Wit and Wisdom of Charles T. Munger’ 2. ‘The Intelligent Investor’ 3. ‘Mitek: A Global Success Story, 1981-2011’ 4. ‘A Few … Read More
G.A.U.P – Growth At An Unreasonable Price
During his recent interview with Tobias, Vitaliy Katsenelson, author and CEO of Investment Management Associates discusses G.A.U.P – growth at an unreasonable price. Here’s an excerpt from the interview: Tobias Carlisle: What’s the difference between a growth at a reasonable price investor, and a Buffett style franchise, DCF style investor? … Read More