[View the story “Week Beginning November 20th, 2017” on Storify]
This Week’s Best Investing Reads
Here’s a list of this week’s best investing reads: The Next Bear Market (A Wealth of Common Sense) Power Laws: How Nonlinear Relationships Amplify Results (Farnam Street) The Biggest Killer of Investment Returns (Safal Niveshak) Isaac Newton Learned About Financial Gravity the Hard Way (Jason Zweig) Findings from our Research on Applying Deep Learning to Long-Term Investing (Euclidean) … Read More
Robert Cialdini – Just How Do Uncertain Investors Pick Their Stocks
The simple truth is that a lot of investors don’t have the time or won’t make the time to research the companies in which they’re going to invest. So how do uncertain investors pick their stocks? One answer can be found in the book, Influence: The Psychology of Persuasion, by Robert Cialdini. … Read More
Lynch & Munger – Becoming A Better Investor Requires Thinking Outside Of Investing
A lot of investors believe that the more you can learn about investing and investing techniques the better you will be as an investor. A typical value investor might spend time studying the fundamental assumptions and approaches to value investing, techniques for assessing fundamental value – balance sheet and earnings … Read More
Carl Icahn: His Most Bizarre Acquisition Story
One of our favorite investors here at The Acquirer’s Multiple is Carl Icahn, and one of my favorite Icahn interviews is one he did with Dealbook. In this interview he shares his most bizarre acquisition story. It’s a story about ACF. Following is an excerpt which I have edited for … Read More
Returns to The Acquirer’s Multiple® Screeners and The Best Value Stocks
[View the story “Week Beginning November 13th, 2017” on Storify]
Marks on Taleb And The Self Inflicted Anxiety That Investors Create For Themselves
One of the best books ever written on investing is – Fooled by Randomness: The Hidden Role of Chance in Life and in the Markets, by Nassim Taleb. Howard Marks recommended the book in this interview with 5 Good Questions, saying: “I like the book Fooled by Randomness by Nassim Nicholas Taleb. … Read More
This Week’s Best Investing Reads
Here is a list of this week’s best investing reads: Considerations for Cashing Out of the Stock Market (A Wealth of Common Sense) Is This How The ‘Winner-Take-All’ Era Comes To An End? (The Felder Report) Bill Miller: What’s luck got to do with it? (Jason Zweig) Q&A with Tobias Carlisle Author of The Acquirer’s Multiple … Read More
Lou Simpson – Investors That Use Hot Tips Or Listen To CNBC Are Playing A Losers Game
Last week investing great Lou Simpson, former chief investment officer for Geico—a Berkshire Hathaway subsidiary, did a Q&A with Robert Korajczyk, a professor of finance at the Kellogg School to discuss his successful investment strategy. Simpson provides a warning to investors saying, “If somebody’s going to invest using hot tips, or … Read More
Interview with Tadas Viskanta’s Abnormal Returns
Here’s a fun Q&A with Tadas Viskanta on his incredible Abnormal Returns. First question and answer and then the link: AR: As you note early in the book, contrarian investing is based on the idea of mean reversion. I hate to be the ‘it’s different this time’ but is the … Read More
Li Lu – Investing Is About Intellectual Honesty. Know What You Don’t Know
One of our favorite value investors here at The Acquirer’s Multiple is Li Lu. He is the founder and Chairman of Himalaya Capital Management and was one of the student leaders of the 1989 Tiananmen Square student protests. He famously convinced Charlie Munger to become interested in BYD [a Chinese company which … Read More
Michael Burry – Search For Unpopular Companies That Look Like Road Kill
One of our favorite value investors here at The Acquirer’s Multiple is Michael Burry. Burry was the founder of the hedge fund Scion Capital, which he ran from 2000 until 2008. He later closed the fund to focus on his own personal investments. Burry was one of the first investors to … Read More
Klarman And Pabrai – Just How Important Are Catalysts To Investing Success
One topic that gets a lot of discussion in the world of investing is the importance of catalysts. A catalyst in investing terms is an event that triggers a change to a stock price. Catalysts can include things like a latest earnings release, a positive or negative result in a … Read More
This Week’s Best Investing Reads
Here’s a list of this week’s best investing reads: For A Strategy To Outperform In The Long Run, It Has To Be Hard To Stick With (Thinknewfound.com) Has Value Investing Lost Its Shine? (Euclidean) Everything Regresses To The Mean (Morningstar) Thoughts on Cost of Capital and Buffett’s $1 Test – … Read More
Stanley Druckenmiller – The Greatest Lesson I Ever Learned From George Soros
What separates average investors from superinvestors is their ability to make big bets when they think they’re right. The question is, how do you develop such an aggressive mindset. Fortunately, one answer can be found in the book – The New Market Wizards, by Jack Schwager. There is one passage … Read More
Interview with Jesse Felder’s The Felder Report: How to Beat The Little Book that Beats the Market
I had a great time chatting with Jesse Felder on his fantastic The Felder Report. Click on the play button below to listen to the interview: We chat about the market and my new book, The Acquirer’s Multiple: How the Billionaire Contrarians of Deep Value Beat the Market out now on Kindle and paperback.
Superinvestors Agree That Business Schools Don’t Make You A Better Investor
While a lot of investors believe that a good finance course at one of the world’s most prestigious business schools is a sure-fire way to becoming a better investor, it seems that some of the greatest investors disagree. Here’s what Buffett, Munger, Greenblatt, Pabrai, and Lynch have to say about … Read More
Buffett on Lou Simpson And His Successful Investing Strategy
One of our favorite investors here at The Acquirer’s Multiple is Lou Simpson. Simpson, the Vice Chairman of GEICO, was mentioned in Buffett’s 1986 Berkshire Hathaway Shareholder Letter in which he said: “The second stage of the GEICO rocket is fueled by Lou Simpson, Vice Chairman, who has run the company’s investments … Read More
Seth Klarman – Value Investing Is A Large-Scale Arbitrage Between Security Prices And Underlying Business Value
The one book that all investors should read is Margin of Safety, by Seth Klarman. A new copy of Klarman’s book is going to set you back around $1000 on Amazon and used copies can be bought for around $750. But it’s money well spent if you wish to be … Read More