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
George Athanassakos – Let’s Stop Bashing Active Management
Great article by George Athanassakos, a Professor of Finance and the Ben Graham Chair in Value Investing at Ivey Business School, in which he answers two difficult questions regarding active management: Why is it almost impossible for reported numbers to show that active managers beat benchmarks? But beyond that, what may make it … Read More
Steven Romick – Avoiding The Worst Performing Stocks Can Lead To Outperformance – Here’s How
Steven Romick at FPA has just put out a great paper called, Two Decades of Winning by Not Losing. It’s a great illustration of how you can outperform in the stock market by avoiding the worst performing stocks. Here’s an excerpt from that paper: Thanks to the accelerated increase of passive investing … Read More
Rob Arnott – Links Between U.S. Stock Returns And U.S. Presidents Are Bogus
A new report released by Rob Arnott and the team at Research Affiliates shows that investors should exercise extreme caution when interpreting historical investment data as it relates to politics. Here’s an except from that report: Our results underscore the importance of exercising caution when interpreting historical investment data, including … Read More
John Bogle – The 7 Rules For Successful Stock Market Investing
One of our favorite investors at The Acquirer’s Multiple is John Bogle, founder of the Vanguard Group. In a recent article written for the CFA Institute’s Financial Analysts Journal, Bogle provides his seven investing rules for successful stock market investing. My favorite is Rule #7 which is: Stay the course. … Read More
Seth Klarman Warns Today’s High Stock Prices Are Masking Perceived Risks
According to a recent article by Business Insider, Seth Klarman has warned investors that today’s high stock prices are masking perceived risks. Here’s an excerpt from that article: “When share prices are low, as they were in the fall of 2008 into early 2009, actual risk is usually quite muted … Read More
Francois Rochon: 8 Rules For Successful Equity Investing
One of our favorite investors at The Acquirer’s Multiple is Francois Rochon at Giverny Capital. According to the firm’s website, Rochon’s U.S. Portfolio has an annualized return of 14.8% since 1993 compared to the S&P 500 of 9.2%. Rochon wrote a great paper for investors called the Keys to Successful investing, which provides … Read More
How to Invest in the U.S. Without Even Trying – Jason Zweig
One of the best blogs in our Top 50 Blogs 2017 is Jason Zweig. Zweig just wrote a great article called How to Invest in the U.S. Without Even Trying. Here’s an excerpt from that article: Imagine you wanted to own a mononational U.S. portfolio. S&P Dow Jones Indices estimates that … Read More
Returns to The Acquirer’s Multiple® Screeners and The Best Value Stocks
[View the story “Week Beginning June 5th, 2017” on Storify]
500 Years Of Stock Panics, Bubbles, Manias, & Meltdowns (In 1 Simple Chart)
One of the Top 50 Investing Blogs for 2017 is Zero Hedge, and one of the best articles at Zero Hedge is one called, 500 Years Of Stock Panics, Bubbles, Manias, & Meltdowns (In 1 Simple Chart). It’s a simple yet powerful illustration of just what has happened in the history of … Read More
Value Investing Nuggets – Value Investor Insight Newsletter – April 2017
One of the best resources for value investors are the Value Investor Insight Newsletters. The VII newsletter is a value investment publication full of value investing nuggets and interviews with some of the best value investing firms. The newsletter was created by money manager Whitney Tilson and media executive John Heins. … Read More
Howard Marks Investor Series with Bruce Karsh
The Howard Marks Investor Series at The Wharton School brings high-profile investors to campus to share their real-world, practical investment perspectives. In this installment, Howard Marks speaks with Bruce Karsh. Both are co-founders of Oaktree Capital Management. Here’s the interview: