One of the value investing firms that we follow closely here at The Acquirer’s Multiple is Oakmark Funds and portfolio manager, Bill Nygren. Nygren is a value investor who focuses on companies trading at what he considers to be a substantial discount to their true business value. He has been a … Read More
Here’s How Successful Investors Dampen Down Their Investing ‘Cocaine Brain’ – Pabrai, Spier
As investors we all know the excitement we feel when we come across what we think is an undervalued opportunity that seems to have been overlooked by most other investors. The feeling of exhilaration that we get is called “cocaine brain.” Neuroscientists have found that the prospect of making money stimulates the … Read More
21 Timeless Investing Lessons From Bruce Berkowitz
Bruce Berkowitz is the Founder and Chief Investment Officer of Fairholme Capital Management, and President and a Director of Fairholme Funds, Inc. In 2010 Berkowitz was named as the 2009 Domestic-Stock Fund Manager of the Year by Morningstar as well as the Domestic-Stock Fund Manager of the Decade (2000-2009), also by … Read More
Returns to The Acquirer’s Multiple® Screeners and The Best Value Stocks
[View the story “Week Beginning September 25th, 2017” on Storify]
This Week’s Best Investing Reads
Here’s some of this week’s best investing reads: Overcoming Your Demons (Collaborative Fund) How NYU teaches MBA Students about Bitcoin (The Reformed Broker) Market Complexity Could Trigger the Next Crash (Visual Capitalist) Are You a Better Investor? (Jason Zweig) All or Nothing Analysis (The Irrelevant Investor) Episode #72: Radio Show: Investor Sentiment – What is it Telling Us About this Bull’s … Read More
Undervalued Ceragon Networks FCF/EV Yield 10%, ROE 14% – Small & Micro Cap Stock Screener
One of the cheapest stocks in our Small & Micro Cap Stock Screener is Ceragon Networks Ltd (NASDAQ:CRNT). Ceragon Networks Ltd (Ceragon) is a wireless backhaul specialist company providing wireless backhaul solutions that enable cellular operators and other wireless service providers to deliver voice and data services, enabling smart-phone applications. A quick look … Read More
The One Thing All Value Investors Can Do To Get You Halfway Home – Irving Kahn
One of our favorite value investors here at The Acquirer’s Multiple is Irving Kahn. Kahn was the Chairman at Kahn Brothers Group which he founded in 1978. He began his career in the value investing business shortly before the stock market crash of 1929, and, in the 1930s, he served … Read More
Is It Better To Buy The Stock And Watch The Price Drop Or Not Act And Watch The Price Soar? – Daniel Kahneman
One of the most common predicaments facing investors is that they’ve analysed a stock, it meets with the investors criteria, and now it’s time to pull the trigger and buy the stock. But something happens, the investor ums and ahs and delays the decision to buy. Next thing you know three … Read More
Value Stocks So Cheap – We Can Only Hope Now Is Like March 2000
Here’s a great article at Forbes written by John Buckingham, Chief Investment Officer of Al Frank Asset Management, that reports some positive signs for value investors. The five trading days just completed was our kind of week, as despite another missile fired over Japan by North Korea, the equity markets moved nicely … Read More
8 Exceptional Investing Lessons That Have Stood The Test Of Time – Philip Fisher
One of the best investing books ever written is Common Stocks and Uncommon Profits by Philip Fisher. According to Forbes this book was the first investment book ever to make The New York Times bestseller list. As a testament to the book, on the cover is a quote by Warren Buffett saying – … Read More
4 Of The Greatest Investing Lessons From Peter Lynch
One of my favorite Peter Lynch interviews is one he did with PBS. Lynch ran Fidelity’s Magellan Fund for thirteen years (1977-1990). In that period Lynch he averaged a 29.2% annual return, consistently more than doubling the S&P 500 market index and making it the best performing mutual fund in the … Read More
Great Investors Focus On Absolute-Performance Rather Than Relative-Performance – Seth Klarman
Earlier this month The Washington Post published an article titled – Warren Buffett’s $100 Billion Problem. The article was reporting on the $100 Billion that Berkshire has accumulated in cash over the years, stating: Warren Buffett celebrated his 87th birthday a few days ago, but the bigger number in his life … Read More
20 Timeless Investing Lessons From Joel Greenblatt
One of our favorite investors here at The Acquirer’s Multiple is Joel Greenblatt. Greenblatt is the Managing Partner of Gotham Capital, a hedge fund that he founded in 1985, and a Managing Principal of Gotham Asset Management. He is also the author of four books, You Can Be A Stock … Read More
Returns to The Acquirer’s Multiple® Screeners and The Best Value Stocks
[View the story “Week Beginning September 18th, 2017” on Storify]
This Week’s Best Investing Reads
Here’s some of this week’s best investing reads: Markets Are Hard: Seth Klarman Edition (A Wealth of Common Sense) A Few Charts and a Few Thoughts at All-Time Highs (The Irrelevant Investor) Ray Dalio, The Steve Jobs of Investing (Tim Ferriss) Delivering Alpha Conference Notes 2017: Robertson, Dalio, Chanos, Cooperman & More (Market Folly) Overvalued Stocks are Ruining the … Read More
What Should You Do With Under-Performing Stocks That You’ve Held For A Long Time? – Daniel Kahneman
One of the greatest challenges facing all investors is what to do with those under-performing stocks that have been sitting in your portfolio for a long time. Most investors prefer to wait until the under-performing stock gets back to its original purchase price, then they’ll sell it. The problem is … Read More
Dividend Yield – Investors May Be The Victims Of Pathetic Manipulation – Seth Klarman
Recently I had a conversation with a close friend of mine regarding one of his stocks. He told me that one particular stock was performing so badly that if he sold his current position he would stand to lose $20,000. I asked him why he initially bought the stock and … Read More
What’s An Investor Supposed To Do Today? Trennert & Zweig – WealthTrack
It’s not surprising that some investors are finding it very difficult in today’s market with the number of index funds surging, fewer publicly traded stocks available, and computer dominated trading. One of the most staggering statistics (below) reflecting current market conditions is that there are now more benchmark indexes than … Read More
Value Investing Woes Reflect Anxiety Among Equity Buyers
A recent article at the Financial Times attempts to explain the present level of anxiety amongst equity buyers using the current value investing environment as an example: Here’s an excerpt from that article: It has become commonplace to ask how stock markets can be rallying when the world is confronted … Read More
Here’s A Couple Of ‘Tricks’ Greenblatt Teaches His MBA Students To Assess Potential Investments
One of the biggest problems facing investors is trying to figure out a good starting point for assessing potential investments. Additionally, another problem we face is trying to make comparisons between potential investments to figure out which one is the better investment. Some of the best answers to these challenges … Read More