Great interview with Bill Nygren and Win Murray from Oakmark Capital in last month’s Value Investor Insight Newsletter. On the subject of passive vs active investing Nygren says, “I think it’s ironic that an increase in the number of dollars invested without thought as to where value is and isn’t would make … Read More
A Very Simple Formula For Figuring Out How Many Stocks To Hold
Here at the Acquirer’s Multiple we believe your equally weighted portfolio should consist of 20-30 stocks generated from our Deep Value Stock Screens. In general terms, holding more stocks leads to greater diversification, and lower volatility, but is harder to manage and requires more purchases. Fewer stocks reduces the number … Read More
It Appears To Be Time For Value Stocks To Shine Again
Recent article at The Street says, it appears to be time for value stocks to shine again. The trend reversal is likely to last for years, rather than weeks or months. Here’s an excerpt from that article: Traditional “value” investing used to mean buying near the bottom of a stock’s … Read More
Athanassakos Rebukes Another Bogus Study That ‘Proves’ Value Investing Doesn’t Work
George Athaassakos recently wrote a great article that illustrates why most studies that ‘prove’ value investing doesn’t work, are not entirely accurate. Here’s an excerpt from that article: A new study from Arizona State University, titled Do Stocks Outperform Treasury Bills?, is turning heads and gives ammunition to those who … Read More
Alio Gold Jumps 19% Last 5 Days – TAM Deep Value Stock Screener
One of the cheapest stocks in our All Investable Deep Value Stock Screener is Alio Gold Inc (NYSEMKT:ALO). Alio Gold Inc (Alio), formerly Timmins Gold Corp, is a Canada-based gold producer engaged in the operation, development, exploration and acquisition of resource properties in Mexico through its subsidiaries, Timmins Goldcorp Mexico, S.A. de … Read More
Nice Portfolio, Shame About The Human Running It
James Saft at the Globe and Mail illustrates how an investor’s behaviour can be one of the biggest risks facing a successful investing strategy. Here’s an excerpt from that article: Investors hate two things above all else: losing money and missing out. The tension between the two, the fear of loss … Read More
One of The Best Investing Tweets of 2017. So Far!
One of the best blogs in our Top 50 Investing Blogs 2017 is Morgan Housel at The Collaborative Fund Blog, and one of the best investing tweets for 2017 is this one which encapsulates everything you need to know as an investor: Everything I’ve learned about investing points to the … Read More
Know What Kind Of Investor You Are Before You Get Caught Up In The Latest Hysteria
Josh Brown at The Reformed Broker says calm the f*** down when it comes to the latest stock market hysteria. Here’s an excerpt from his article: Take a step back and look at the last six months – here’s the quilt, dating back to just before the start of this … Read More
Gravity Rules: End Of The Bubble Is In Sight – Dave Kranzler
Dave Kranzler at Sprott Money reports that gravity rules and the end of the bubble is in sight. Here’s an excerpt from that article: A stock bubble can’t exist without investor greed. It starts with greed. It moves into the “bubble” phase when greed is consumed by hysteria. The U.S. stock … Read More
The Investment Strategy Pioneered By Warren Buffett Is In Crisis (CNBC)
CNBC reports that Warren Buffett’s value investing long/short strategy generated a 15 percent cumulative loss in the past decade and negative returns in 6 out of the last 10 years, according to Goldman Sachs. Before that, the value strategy had a successful run of more than 70 years. Here’s an … Read More
Jim Rogers Warns The Biggest Crash In Our Lifetime Is Coming
According to Business Insider, Jim Rogers says the biggest crash in out lifetime is on its way. Rogers said: It’s going to be the biggest in my lifetime and I’m older than you. No, it’s going to be serious stuff. We’ve had financial problems in America — let’s use America — … Read More
If You Own A Great Stock, But The Price Isn’t Going Up, Hang On!
Great article from Ian Cassel at MicroCapClub who discusses the age old problem of owning a stock that just won’t go up even though you know it’s a great business. Here’s an excerpt from that article: If you knew a stock you owned today wasn’t going to go up for … Read More
Returns to The Acquirer’s Multiple® Screeners and The Best Value Stocks
[View the story “Week Beginning June 12th, 2017” on Storify]
Speaking in Toronto at The MicroCap Conference on June 27th
I’ll be speaking about my books and research in Toronto at The MicroCap Conference on June 27th. Hope you can make it: Join us on June 27th for our annual conference in Toronto at the Sheraton Hotel! The MicroCap Conference will highlight the most attractive Canadian companies across various sectors. … Read More
This Week’s Best Investing Reads – Curated Links
Here’s a list of this week’s best investing reads: Blogs Don’t Be Fooled By High Dividend Yields (A Wealth of Common Sense) Satisfaction Yield (The Irrelevant Investor) Today Is Not Just Like 1987 (The Fat Pitch) Portrait Of A Stock Bubble – Dave Kranzler (Sprott Money) Conversation With Jesse Felder (ValueWalk) “I’m Very Concerned” Elliott’s … Read More
Aswath Damodaran – What’s Next? A Sharp Surge In Stock Prices Or A Sharp Correction?
Great article and video by Aswath Damodaran called A Tale of Two Markets: Politics and Investing! Damodaran says, “Seldom has there been such a divide between those who believe that we are on the verge of a massive correction and those who equally vehemently feel that this is the cusp of a … Read More
Joel Greenblatt Says Todays Investors Can Win By Zigging When The Market’s Zagging
In a recent article at Bloomberg, Joel Greenblatt said, “Passive investing suits some, but isn’t discerning”, and “Investors can win by zigging when markets zag”. Here’s an excerpt from that article: The shift to passive strategies that hug stock market indexes is likely to continue, but that’s not all bad for … Read More
Latest Interview: Mohnish Pabrai Says Look For Businesses With Very High Uncertainty
Here’s a recent interview with Mohnish Pabrai on the Steve Pomeranz Hour in which he discusses his value investing strategy and how he finds great opportunities. Here’s an excerpt from that interview: Mohnish Pabrai: The key trait of an investment that is likely to do well exhibits low risk coupled … Read More
What Could Investors Do With 1000 Years Of Data? – Abnormal Returns
Great article by Tadas Viskanta at Abnormal Returns, where he asked an esteemed group of independent finance bloggers; If we had a 1,000 years of market data what kinds of things would get validated? The group included Tobias Carlisle from The Acquirer’s Multiple who said: We get the same answers we … Read More
Cash-Rich Companies Are King In The Stock Market Right Now
One of the things we like to focus on when selecting stocks for our deep value stock screens here at The Acquirer’s Multiple are companies with strong balance sheets. In a recent article Business Insider reports that cash-rich companies are king in the stock market right now. The article states that shares … Read More