Tom Gayner is the Co-Chief Executive Officer at Markel Corporation, a holding company for insurance, reinsurance, and investment operations around the world. Markel has often been compared to Berkshire Hathaway in the way that it invests its insurance float in other businesses. Gayner has been a very successful value investor over the years. His equity portfolio … Read More
Undervalued Stocks | Argan, Inc. (NYSE:AGX)
Argan, Inc. is a holding company that conducts operations through its wholly-owned subsidiaries, GPS, APC, SMC and TRC. Through GPS and APC, Argan provides a full range of engineering, procurement, construction, commissioning, operations management, maintenance, development, technical and consulting services to the power generation and renewable energy markets for a wide range … Read More
Returns to The Acquirer’s Multiple® Screeners and The Best Value Stocks
[View the story “Week Beginning September 19th, 2016” on Storify]
What Are The Three Components Of An Equity Investment’s Return – Mason Hawkins
(Image Credit, marcellusdrilling.com) Mason Hawkins has been Chairman and Chief Executive Officer of Southeastern Asset Management since 1975. Southeastern Asset Management is a privately owned, global investment management firm and the investment advisor to the Longleaf Partners Funds with over $20 Billion in Assets Under Management. Southeastern Asset Management have consistently … Read More
Deep Value Investing – Amit Wadhwaney
(Image Credit, youtube.com) Amit Wadhwaney is a Portfolio Manager and Co-Founding Partner at Moerus Capital Management LLC, and the founding manager of the Moerus Worldwide Value Fund. Wadhwaney has over 25 years of experience researching and analyzing investment opportunities in developed, emerging, and frontier markets worldwide, and has managed global … Read More
Value Investing Is Key Because We Can’t Predict The Market’s Booms And Busts – Forbes
We’re always on the look out for the latest in value investing news. Just found a recent article on Forbes titled, Value Investing Is Key Because We Can’t Predict The Market’s Booms And Busts. Let’s take a look…
GuruFocus Book Review – Deep Value – Tobias Carlisle
(Image Credit, returntome.info) Here at The Acquirer’s Multiple, we don’t like to ‘blow our own trumpets”. We like to let others do it for us! Our Founder, Tobias Carlisle, wrote an Amazon best-seller called Deep Value: Why Activist Investors and Other Contrarians Battle for Control of Losing Corporations which describes the process of finding … Read More
What Does It Take To Be A Successful Contrarian Value Investor – John Rogers
(Image Credit, cnbc.com) John Rogers is a true contrarian value investor. In 1983, Rogers founded Ariel Investments headquartered in Chicago. Since its inception, Ariel Investments has grown from 2 to 88 employees with $10.7 billion in Assets Under Management (2015). In 2008, he was awarded Princeton University’s highest honor, the Woodrow … Read More
Going For Too Much Certainty Can Hold You Back – There Is No Certainty – Glenn Greenberg
Glenn Greenberg is the founder and portfolio manager of Brave Warrior Capital. Previously, Greenberg ran Chieftain Capital Management, which he founded in 1984. Brave Warrior Capital has $3.2 Billion in Assets Under Management. Mr. Greenberg holds an English degree from Yale and is a graduate of Columbia Business School. When he … Read More
Advisors And Fund Managers Ignore Value Because It Carries Higher Career Risk
Value investing requires a long term time horizon involving patience and discipline. Unfortunately for advisors and fund managers, their own performance is judged on much shorter time periods. As such, these ‘agents’ face a powerful incentive to minimize short-term drawdowns relative to peers and benchmarks. Here’s a great article that … Read More
Look At Equities Like A Bond Buyer Would Look At Bonds – Donald Yacktman
(Image Credit, youtube.com) Donald Yacktman is the President and Co-Chief Investment Officer of Yacktman Asset Management Co. He’s also a Co-Manager for the Yacktman Funds. Yacktman Asset Management provides two no load funds, one diversified and one focused, aimed at providing a blend of growth and value investing. As of June … Read More
Human Nature Makes It Hard For Markets To Be Efficient – Seth Klarman
Seth Klarman is a value investor and Portfolio Manager of the investment partnership The Baupost Group. Founded in 1983, The Baupost Group now manages $27 billion in Assets Under Management, and has averaged returns of nearly 20% annually since their inception. Klarman is also author of the book “Margin of … Read More
Returns to The Acquirer’s Multiple® Screeners and The Best Value Stocks
[View the story “Week Beginning September 12th, 2016” on Storify]
Which Is The Best Pond to Fish In – Donald Smith
(Image Credit, youtube.com) Donald Smith is the CIO of Donald Smith & Co. He began his career as an analyst with Capital Research Company and subsequently worked at Capital Guardian Trust Co. According to Whalewisdom.com, Donald Smith & Co. has $4.46 Billion in assets under management. Over 30 years since inception Donald Smith … Read More
Charlie Munger Told Mohnish Pabrai – An Investor Only Needs To Do Three Things (Video)
Mohnish Pabrai is Managing Partner of Pabrai Investment Funds. Pabrai started with $1 million in 1999, and the Pabrai Funds has grown to over $400 million in assets under management. Pabrai also wrote The Dhandho Investor: The Low-Risk Value Method to High Returns, which is a comprehensive value investing framework for the … Read More
How To Find Good Businesses Using A Three-Legged Milking Stool – Chuck Akre
(Image Credit, dailymotion.com) Chuck Akre is the founder of Akre Capital Management LLC. His firm has $4.8 Billion in Assets Under Management (Form ADV from 2015-11-01). Akre uses a classic value approach in selecting companies for his portfolio. He likes to buy companies with strong business model demonstrating consistent earnings growth, high … Read More
What Makes a Great Value Investor – Richard Pzena
(Image Credit, cnbc.com) Richard “Rich” Pzena is the founder and chief investment officer of Pzena Investment Management, a New York-based deep value investment firm with over $20 billion in assets under management. According to Graham and Doddsville, Pzena Investment Management’s Value fund has compiled an annualized compounded return of 16.3% … Read More
Jack Bogle: The Undisputed Champion of the Long Run
John ‘Jack’ Bogle is the founder and retired CEO of The Vanguard Group. He was also named one of the “world’s 100 most powerful and influential people”, by Time magazine in 2004. Bogle’s innovative idea was creating the world’s first index mutual fund in 1975. Bogle’s idea was that instead … Read More
Oaktree’s Howard Marks Warns: Invest, But With Caution
Last month I read a great article on Howard Marks where he warned investors about the current investing climate saying, “For the past five years my mantra with Oaktree has been move forward, but with caution”. He believes that the world is still suffering from the post traumatic stress of the global financial … Read More
How Can ‘Scandal’ Provide the Best Opportunities – Christopher Davis
Christopher Davis is a portfolio manager for the Davis Large Cap Value Portfolios. According to Amazon, the Davis Dynasty begins in 1947, the year Shelby Davis quit his job as a state bureaucrat and, armed with $50,000 of his wife’s money, took the plunge into stock investing. By the time he … Read More