Animal Spirits

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In their recent episode of the VALUE: After Hours Podcast, Taylor, Mitchell, Brewster, and Carlisle discussed Animal Spirits. Here’s an excerpt from the episode: Tobias: Animal spirits. Mike: That’s right. That was the Fed coming in and saying, “I will not let this blow up.” It’s the liquidity. That’s what … Read More

Opportunities In ‘Battleground’ Stocks

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 During his recent interview on The Acquirers Podcast with Tobias, David Barr, President & CEO of Pender Capital Management discussed Opportunities In ‘Battleground’ Stocks. Here’s an excerpt from the interview: Tobias: How do you take the approach that you have which seems very suitable for small cap growth tech 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

Bill Miller: The Absurdity Of Forecasts

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In his latest Q2 2021 Market Letter, Bill Miller highlights how absurd it is to try and forecast the future of markets, and includes recent forecasts by some well known investors. Here’s an excerpt from the letter: In the spirit of Justice Oliver Wendell Holmes’ remark that people need to … Read More

Finding Scalable Businesses Early

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 During his recent interview on The Acquirers Podcast with Tobias, David Barr, President & CEO of Pender Capital Management discussed Finding Scalable Businesses Early. Here’s an excerpt from the interview: David: Yeah. I would expand it. We’re ideally looking for capital-light business models. Technology is just aplenty with them as … Read More

Lean-Into-The-Pain Framework

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In their recent episode of the VALUE: After Hours Podcast, Taylor, Mitchell, Brewster, and Carlisle discussed the Lean Into The Pain Framework. Here’s an excerpt from the episode: Mike: I think the thing that investors should– if you’re a single stock picker, if you’re not a single stock picker or … Read More

Prem Watsa: Top 10 Holdings, Top Buys & Sells

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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

Bill Nygren: Avoid Activist Investments

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In his latest Q2-2021 Market Commentary, Bill Nygren says investors should avoid activist investments and invest only in those companies that are already well-managed. Here’s an excerpt from the commentary: Some investors like to buy shares in companies that are not maximizing long-term value and then fight for change. We … Read More

(Ep.120) The Acquirers Podcast: David Barr – Venture Value: Small And Micro Growth And Value With A Former VC

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In this episode of The Acquirers Podcast, Tobias chats with David Barr, President & CEO of Pender Capital Management. During the interview David provided some great insights into: ‘Close The Discount’ Investing Uncovering The Best Capital-Light Businesses Early How To Generate Alpha In Markets Use Private Market Valuations On Public … Read More

The Evolution Of Berkshire’s Hurdle Rate

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In their recent episode of the VALUE: After Hours Podcast, Taylor, Mitchell, Brewster, and Carlisle discussed The Evolution Of Berkshire’s Hurdle Rate. Here’s an excerpt from the episode: Jake: Now, you raised some really good points with that. I think it’s been interesting to watch the evolution of Berkshire and … Read More

This Week’s Best Value Investing News, Research, Podcasts 7/9/2021

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This week’s best investing news: The Airbnbs (PaulGraham) The Narrative Machine v3.0 (EpsilonTheory) Steve Cohen – America’s Most Profitable Day Trader (video) (FINAiUS) The Opposite of a Good Idea (FundooProfessor) Bold & Disciplined Management: RH’s Potential for Long-Term Growth (Polen) What Makes Buffett Great. Identifying Bubbles. Importance of Intrinsic Value & More (Validea) Comforts of … Read More

Warren Buffett: Selling Your Successful Investments Is Akin To The Bulls Trading MJ Because He’s Become Too Important To The Team

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In his 1996 Chairman’s Letter, Warren Buffett provides a great example of why you should never sell portions of your most successful investments. Here’s an excerpt from the letter: Our portfolio shows little change: We continue to make more money when snoring than when active. Inactivity strikes us as intelligent … Read More

One Stock Superinvestors Are Buying Or Holding

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As part of the weekly research here at The Acquirer’s Multiple we’re always interested in investing gurus 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, … Read More

Don’t Capitalize Gains In Your Head

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In their recent episode of the VALUE: After Hours Podcast, Taylor, Mitchell, Brewster, and Carlisle discussed Don’t Capitalize Gains In Your Head. Here’s an excerpt from the episode: Bill: One thing that I really admire about how Mike runs his stuff, and we’ve talked about this a fair amount, because … Read More