The Market Loves To Destroy Hubris

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In their recent episode of the VALUE: After Hours Podcast, Cassel, Taylor, and Carlisle discussed The Market Loves To Destroy Hubris. Here’s an excerpt from the episode: Ian: I find with investing especially, I think, we talked about before we came on live. I think this industry and finance and … Read More

Michael Mauboussin: Warren Buffett Says – When You Find Yourself In A Hole, The First Thing You Do Is Stop Digging

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In his recent interview with WHG Clube do Livro, Michael Mauboussin discussed one example of how companies destroy wealth. Here’s an excerpt from the interview: Mauboussin: The third observation is that if you’re not earning your cost of capital, growth is bad. The faster you grow the more wealth you’re … Read More

What A Difference 12 Months Makes @ycharts

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Here’s a list of some of the most popular names just 12 months ago. What a difference 12 months makes. Peloton Interactive Inc (PTON) – Down 83.35% Zoom Video Communications Inc (ZM) – Down 67.31% GameStop Corp (GME) – Down 40.19% Telsa Inc (TSLA) – Down 34.62% GME data by … Read More

Michael Mauboussin: Investors Should Pay More Attention To Management’s Actions Regarding Buying And Selling Company Stock

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In his latest paper titled – Wealth Transfers: Redistribution of Value via Capital Allocation, Michael Mauboussin explains why investors should pay more attention to management’s actions regarding buying and selling the company’s stock. Here’s an excerpt from the paper: Companies can affect wealth in a couple of ways. First, they … Read More

Negotiating Munger Style

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In their recent episode of the VALUE: After Hours Podcast, Brewster, Taylor, and Tobias Carlisle discussed Negotiating Munger Style. Here’s an excerpt from the episode: Tobias: They had some interesting stories. I like the fact that Charlie couldn’t remember one of the stories that he had told Buffett, Buffett had … Read More

Charles Munger: “We’ve Never Succeeded At Anything That Was Really Hard Where We Didn’t Have Much Aptitude For It”

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During the recent Berkshire Hathaway Meeting, Warren Buffett and Charles Munger had a great interaction regarding their early working life and eventual careers. Here’s an excerpt from the meeting: WARREN BUFFETT: But I still preferred working for myself. And, of course, Charlie and I both worked for my grandfather, and … Read More

One Stock Superinvestors Are Selling

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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

What Berkshire’s 10Q Revealed

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In their recent episode of the VALUE: After Hours Podcast, Brewster, Taylor, and Tobias Carlisle discussed What Berkshire’s 10Q Revealed. Here’s an excerpt from the episode: Jake: Let’s go back to Berkshire a little bit. I thought it might be interesting. This is as close as we’re going to get … Read More