In his book, Investing for Growth, Terry Smith discusses his decision to sell Dominos, before the stock price increased by over 45% in 2016, underscoring the fallibility in such judgment calls. This experience illustrates his hesitation to heed advice suggesting that one should sell off a portfolio of great companies … Read More
Warren Buffett: Learning To Invest Through Practical Application
During the 2007 Berkshire Hathaway Annual Meeting, Warren Buffett discussed the importance of actual experience in investing, comparing theoretical knowledge to the experiential learning that comes with real-world practice. This is akin to the difference between reading about romance and experiencing it. Buffett suggests starting with investments on a small … Read More
Terry Smith – Top 10 Holdings – Latest 13F
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
VALUE: After Hours (S06 E15): Seawolf’s Vinny Daniel and Porter Collins on the economy, value and banks
In their latest episode of the VALUE: After Hours Podcast, Tobias Carlisle, Jake Taylor, Vinny Daniels, and Porter Collins discuss: Wile E. Coyote vs. The Road Runner: Can Anyone Catch Elon Musk’s FSD Hype? Cannabis Producer Moats: How Glass House Wins on Cost of Production EVs and Catalytic Converters: Rethinking … Read More
Microsoft Corp (MSFT) DCF Valuation: Is The Stock Undervalued?
As part of a new series, each week we typically conduct a DCF on one of the companies in our screens. This week we thought we’d take a look at one of the stocks that is not currently in our screens, Microsoft Corp (MSFT). Profile Microsoft develops and licenses consumer … Read More
This Week’s Best Value Investing News, Podcasts, Interviews (04/12/2024)
This week’s best investing news: Howard Marks Memo – 2023 In Review (OakTree) Ray Dalio – To Answer the Question of Why I Invest in China (Linkedin) The Overlooked Strategy of Dividend Growth Investing (Validea) Cliff Asness – Timely & Timeless Investment Wisdom (Meb Faber) Guy Spier & Monhish Pabrai: … Read More
10 Big-Name Stocks Near 52-Week Lows: Are They A Buy?
Over the past twelve months a number of big named companies have been near or below their 52 week low price. Each week we’ll take a look at some of the biggest names currently close to their 52 week lows: Symbol Name Price $ 52 Week Low $ UNH UnitedHealth … Read More
Why Alphabet Inc (GOOGL) Stock Is A Buy? Acquirer’s Multiple Stock Screener Analysis
As part of our ongoing series here at The Acquirer’s Multiple, each week we focus on one of the stocks from our Stock Screeners, and why it’s a ‘buy’ based on key fundamentals. One of the cheapest stocks in our Stock Screeners is: Alphabet Inc (GOOGL) Alphabet is a holding company. Internet media giant … Read More
Can Physics Explain Markets? A Look at EMH Through Four Forces
During their recent episode, Taylor, Carlisle, and Katsenelson discussed Can Physics Explain Markets? A Look at EMH Through Four Forces, here’s an excerpt from the episode: Tobias: What do you think, JT? You want to sneak in some vegetables before the top of the hour? There’s lots of demands for … Read More
Warren Buffett: Holding Onto Losers? Berkshire Hathaway’s Retention Strategy
In his 2011 Berkshire Hathaway Annual Letter, Warren Buffett explains why Berkshire keeps some of its underperforming businesses. The company believes in honoring its commitment to the sellers and doesn’t sell unless the business has a cash drain or labor problems. This approach may not be optimal in the short … Read More
Howard Marks: Building a Resilient Portfolio: The Art of True Diversification
In this interview with 3 Takeaways, Howard Marks discusses the different types of diversification in investing. Ideally, these investments should react differently to various situations. For example, having many stocks in companies that all rely on China is not true diversification. True diversification is a trade-off between risk and reward. … Read More
Large-Cap Stocks In Trouble: Here Are The 10 Worst Performers Over The Past 12 Months
Over the past twelve months ten Large-Cap stocks have underperformed all others. Large-Caps are defined by $10 Billion Market Cap or more. Here’s this week’s top 10 worst performing Large-Caps in the last twelve months: Symbol Name 1 Year Price Returns (Daily) PODD Insulet Corp -43.95% WBA Walgreens Boots Alliance … Read More
This Acquirers Multiple Stock Is Undervalued, According to Pzena, Dalio, Greenblatt
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, Ray Dalio, … Read More
How Social Media Creates a Global FOMO Frenzy
During their recent episode, Taylor, Carlisle, and Katsenelson discussed How Social Media Creates a Global FOMO Frenzy, here’s an excerpt from the episode: Jake: Buffett did say in his last letter like, that he thinks today has more of a speculative element to the market, like more of a gambling … Read More
Jamie Dimon: Reduce Risk, Maximize Gains: The Art of Investment Decision-Making
In his latest letter to shareholders, Jamie Dimon discusses the importance of decision-making and taking action. He highlights the need to find a balance between careful consideration and taking initiative. Dimon says that some decisions require thoroughness while others are better suited for a quicker approach. He also addresses the … Read More
Howard Marks: 2024 Market Rollercoaster: Prepare for the Unexpected!
In his latest memo titled ‘2023 in Review’, Howard Marks argues that the future is uncertain, especially in economics and investing. Most experts are unsure about what will happen with the economy, interest rates, and geopolitical events. This uncertainty is a good thing, because it means people are acknowledging they … Read More
The One Stock That Superinvestors Are Dumping: Is It Time to Sell?
As part of the weekly research here at The Acquirer’s Multiple we’re always interested in superinvestors who hold the same stocks that appear in our Acquirer’s Multiple Stock Screeners, based on their latest 13F’s. Investors such as Warren Buffett, Joel Greenblatt, Carl Icahn, Jim Simons, Prem Watsa, Jeremy Grantham, Seth … Read More
Tesla’s Future: Beyond the Hype: A Look at Battery Tech and Infrastructure
During their recent episode, Taylor, Carlisle, and Katsenelson discussed Tesla’s Future: Beyond the Hype: A Look at Battery Tech and Infrastructure, here’s an excerpt from the episode: Tobias: Vitaliy, can we talk about Tesla for a little bit, because I know that you did a write up about Tesla. Tesla … Read More
Warren Buffett: The Role of Consumer Loyalty and Emotional Connections in Investing
During the 2018 Berkshire Hathaway Annual Meeting, Warren Buffett discusses the importance of investing in companies that create products that engender positive emotional responses (like getting a kiss for giving See’s Candy) versus negative ones. Using Apple’s ecosystem led by the iPhone as an example of such an investment. The … Read More
Bill Nygren: How To Avoid Value Traps
In this interview with John Rotonti, Bill Nygren defines a value trap as a company that looks cheap (low multiples) but won’t actually become more valuable over time, typically due to structural problems. To avoid these, Nygren’s firm requires analysts to project future growth and only buy stocks with strong … Read More