The Berkshire Hathaway letters are one of the most valuable resources for value investors. One of my favorite letters is the 1996 letter in which Buffett provides some principles for becoming an intelligent investor. It provides some great insights into the types of businesses you should search for, how to … Read More
Just How Did Warren Buffett Make A Quick $12 Billion On Bank Of America
CNBC recently announced that Warren Buffett just made a quick $12 billion on a clever Bank of America investment. Because of an astute investment made in Bank of America six years ago while the bank was struggling, Warren Buffett is about to make a quick $12 billion and become the … Read More
Undervalued WellCare Health Plans – More Room For Growth, FCF/EV Yield 28% – All Investable Stock Screener
One of the cheapest stocks in our All Investable Stock Screener is WellCare Health Plans, Inc (NYSE:WCG). WellCare Health Plans, Inc. (WellCare) is a managed care company. The company focuses on government-sponsored managed care services, primarily through Medicaid, Medicare Advantage (MA) and Medicare Prescription Drug Plans (PDPs), to families, children, seniors … Read More
Seth Klarman – When To Sell & Why Stop Losses Are Crazy – Margin of Safety
Most investors are aware that Warren Buffett bought six shares in Cities Service as an 11 year old. He picked up the shares for $38 each and sold them at $40 per share making a small profit. But to Buffett’s regret the shares eventually rose to more than $200 per … Read More
Returns to The Acquirer’s Multiple® Screeners and The Best Value Stocks
[View the story “Week Beginning July 3rd, 2017” on Storify]
Undervalued Indigo Books & Music – FCF/EV Yield Approaching Double Digits, P/B 1.1 – Canada All TSX Stock Screener
One of the cheapest stocks in our Canada All TSX Stock Screener is Indigo Books & Music Inc. (TSE:IDG). Indigo Books & Music Inc. (Indigo) is a Canada-based book, gift and toy retailer. The company operates stores in approximately 10 provinces and a territory in Canada, and offers online sales through … Read More
Undervalued Gilead Sciences, FCF/EV Yield 14%, Shareholder Yield 7% – All Investable Stock Screener
One of the cheapest stocks in our All Investable Stock Screener is Gilead Sciences Inc (NASDAQ:GILD). Gilead Sciences, Inc. (Gilead) is a research-based biopharmaceutical company that discovers, develops and commercializes medicines in areas of unmet medical need. The Company’s portfolio of products and pipeline of investigational drugs includes treatments for Human … Read More
Howard Marks – The Performance of Stocks With P/E Ratios In The Twenties Is Likely To Be Single Digit
Here’s a great piece by Howard Marks from his 2000 memo where he asks the bulls one question: What’s been the average performance of stocks bought at p/e ratios in the twenties? I don’t think the return has been in double digits. I’m not even sure it’s been positive! Here’s … Read More
Tweedy Browne – Unlike A Fruit Fly We Are All Blessed With The Ability To Take A Longer Term Perspective
One of the best resources available to value investors are the shareholder letters from Tweedy Browne. Tweedy Browne is one of the longest serving value investing firms in the United States and was founded in 1920 by Forrest Berwind “Bill” Tweedy. When Bill Tweedy founded his firm, he concentrated in … Read More
Tobias Carlisle – There Are Two Ways To Win As A Deep Value Investor
Here’s a great interview with Tobias Carlisle on Goldstein on Gelt where he speaks about all things deep value investing. On the question of why some value investing firms underperform and why he prefers his deep value investing strategy, Tobias says: I’m always very careful criticizing other value investors, because it … Read More
Here’s Why Pat Dorsey Would Like The Acquirer’s Multiple
One of my favorite investors is Pat Dorsey. Dorsey is the founder of Dorsey Asset Management and he’s also the author of two books, The Five Rules for Successful Stock Investing and The Little Book that Builds Wealth. Recently I was re-reading The Little Book That Builds Wealth and came across … Read More
John Neff – How To Find The Best Undervalued Stocks Using A Low P/E Strategy
One of my favorite contrarian investors is John Neff. His success using a low P/E strategy is best described in an article by Morningstar: His wager on Ford Motor Company in 1984 was said to be one of his best. When many feared that the company’s sales were due to … Read More
Here is Warren Buffett’s First Tax Return From 1944 (Age 14)
PBS Newshour recently released a copy of Warren Buffett’s first tax return which he filed in 1944 at the age of 14. When Buffett arrived for his PBS NewsHour interview with Judy Woodruff, he pulled out his first tax return while he was in the makeup chair. Buffett’s income in … Read More
Undervalued Foot Locker Inc, FCF/EV Yield 9%, Shareholder Yield 8% – Large Cap 1000 Stock Screener
One of the cheapest stocks in our Large Cap 1000 stock screener is Foot Locker Inc (NYSE:FL). Foot Locker Inc. (Foot Locker) is a retailer of shoes and apparel. The company operates through two segments: Athletic Stores and Direct-to-Customers. The company is an athletic footwear and apparel retailer, with businesses that … Read More
How To Develop A Superinvestor Mindset Like Buffett, Munger, Neff, Loeb, Lynch and Soros
One of my favorite investing books is How To Think Like Benjamin Graham and Invest Like Warren Buffett, by Lawrence A Cunningham. One of the best pieces in the book looks at the principles applied by some of the greatest superinvestors of all time. Here’s an excerpt from the book: The … Read More
Sam Zell – How To Find Great Investment Opportunities When Others See Distress
One of my favorite investors is Sam Zell. According to Forbes, Zell is one of America’s most prolific real estate investors, Sam Zell is the son of a Polish grain merchant. His parents and sister escaped Poland by train hours before Hitler’s army bombed the tracks that ran through their … Read More
Undervalued InterDigital Inc FCF/EV Yield 16% – All Investable Stock Screener
One of the most undervalued stocks in our U.S. All Investable stock screener is InterDigital Inc (NASDAQ:IDCC). InterDigital, Inc. (InterDigital) designs and develops technologies for wireless communications. The company is focused on three technology areas: cellular wireless technology, Internet of things (IoT) technology, and, through its Hillcrest Laboratories, Inc. (Hillcrest … Read More
Mohnish Pabrai Says An Investment Opportunity Should Hit You Over The Head Immediately Otherwise Move On
Great video with Mohnish Pabrai speaking with the folks at Google. This whole presentation can be summed up at 27:05 when Pabrai says, “Spending time on [researching] companies is likely to make me bias”. In other words when you’re looking for investment opportunities they should hit you over the head … Read More
Charlie Munger Says The Investment Management System Is Bonkers – Here’s Why
One of my favorite investing tomes is Poor Charlie’s Almanack by Charles Munger. As an investor, it’s the one book you need to read on ‘rational’ investing strategy. A quick look on Amazon shows that there are fourteen used copies selling for $162.01 and one new copy for $50,000. That … Read More
Returns to The Acquirer’s Multiple® Screeners and The Best Value Stocks
[View the story “Week Beginning June 26th, 2017” on Storify]