Over the past twelve months ten Mega-Cap stocks have underperformed all others. Mega-Caps are defined by $200 Billion Market Cap or more. Here’s this week’s top 10 worst performing Mega-Caps in the last twelve months: Symbol Name 1 Year Price Returns (Daily) BAC Bank of America Corp -15.06% TSLA Tesla … Read More
Part 2: 10 Of The Best Stock Market Investing Books Of All Time (2023)
Recently we released Part 1 of our list of 10 Of The Best Stock Market Investing Books Of All Time (2023). This week we’ve added a further ten. This list is by no means complete and is certainly not in any particular order. If you’re an investor take some time to … Read More
Why Meta Platforms Inc Stock Is A Buy? Acquirer’s Multiple Stock Screener Analysis
As part of our ongoing series here at The Acquirer’s Multiple, each week we focus on one of the stocks from our Stock Screeners, and why it’s a ‘buy’ based on key fundamentals. One of the cheapest stocks in our Stock Screeners is: Meta Platforms Inc (META) Meta is the world’s largest online social … Read More
Value Studies Outperform Value Gurus: A Study of the Long-Term Returns
During their latest episode of the VALUE: After Hours Podcast, Taylor, and Carlisle discussed Value Studies Outperform Value Gurus: A Study of the Long-Term Returns. Here’s an excerpt from the episode: Jake: Yeah. Well, part of this too came from a little study that I did back when I was … Read More
This Week’s Best Value Investing News, Podcasts, Interviews (9/15/2023)
This week’s best investing news: Howard Marks Memo: Fewer Losers, or More Winners? (Howard Marks) Bill Ackman On Activist Investing, The Economy, And Learning From Mistakes (Julia La Roche) Grantham warns on global property, AI hype (AFR) An Update on the Stock-Bond Correlation (Verdad) Aswath Damodaran: A Business Upended – … Read More
Ray Dalio: 3 Lessons On Making Money In The Stock Market
In his book, Principles Life and Work, Ray Dalio provides three lessons on making money in the stock market. Here’s an excerpt from the book: It was the 1960s. At the time the stock market was booming and everyone was talking about it, especially the people I caddied for. So I … Read More
Jeremy Grantham: The Worst Mistake That The Average Investor Makes
During this interview with Bloomberg, Jeremy Grantham discussed the worst mistake that the average investor makes. Here’s an excerpt from the interview: They get far too enthusiastic. And I understand that. I can get pretty enthusiastic about about new deals, new start ups when people are presenting them. I like to … Read More
This Acquirers Multiple Stock Is Undervalued, According To Burry, Simons, And Ainslie
Part of the weekly research here at The Acquirer’s Multiple features some of the top picks from our Stock Screeners and some top investors who are holding these same picks in their portfolios. Investors such as Warren Buffett, Joel Greenblatt, Carl Icahn, Jim Simons, Prem Watsa, Jeremy Grantham, Seth Klarman, Ray Dalio, … Read More
The Drivers Of Stock Market Returns Over The Last 10 Years
During their latest episode of the VALUE: After Hours Podcast, Taylor, and Carlisle discussed The Drivers Of Stock Market Returns Over The Last 10 Years. Here’s an excerpt from the episode: Tobias: Why do you think it was such a weird decade for value? Jake: You got to save that … Read More
Joel Greenblatt: Why It’s Easier For Smaller Investors To Achieve Superior Investment Returns, According To Warren Buffett
In this lecture at Columbia University, Joel Greenblatt discusses advice from Warren Buffett on why it is much easier for smaller investors to achieve superior investment returns. Here’s an excerpt from the lecture: Greenblatt: So we have another investor, Warren Buffett, who has also been able to do that and … Read More
Howard Marks: How To Beat The Market With Alpha: A Guide For Investors
In his latest memo titled – Fewer Losers, or More Winners?, Howard Marks explains how superior investing involves creating an asymmetry with more upside potential than downside risk, and alpha is the key to achieving this. Here’s an excerpt from the memo: The last element I want to touch on … Read More
The One Stock That Superinvestors Are Dumping: Is It Time to Sell?
As part of the weekly research here at The Acquirer’s Multiple we’re always interested in superinvestors who hold the same stocks that appear in our Acquirer’s Multiple Stock Screeners, based on their latest 13F’s. Investors such as Warren Buffett, Joel Greenblatt, Carl Icahn, Jim Simons, Prem Watsa, Jeremy Grantham, Seth … Read More
The Munger Approach To Selling Stocks & Marriage
During their latest episode of the VALUE: After Hours Podcast, Taylor, and Carlisle discussed The Munger Approach To Selling Stocks & Marriage. Here’s an excerpt from the episode: Tobias: Implicit in what you just said. There’s the distinction between buying and selling, right? So, you buy, and you’re looking for … Read More
Warren Buffett: Why We Focus On ‘Moat-Widening’ Instead Of Short-Term Profits
In his 2005 Berkshire Hathaway Annual Letter, Warren Buffett discussed the importance of focusing on long-term sustainability and competitive advantage over short-term gains, highlighting the concept of “widening the moat” as a key strategy for business success. Here’s an excerpt from the letter: Every day, in countless ways, the competitive … Read More
Michael Burry: How To Invest Like Michael Burry
In his 2001 Scion Capital Letter, Michael Burry outlined his investment strategy that focuses on individual investments, and expected returns. Here’s an excerpt from the letter: I have no view on whether the market, broadly defined, will fall or rise during the coming year. At year-end, the situation certainly appeared … Read More
The Undervalued Stock That Superinvestors Are Loading Up On
As part of the weekly research here at The Acquirer’s Multiple we’re always interested in investing gurus who hold the same stocks that appear in our Acquirer’s Multiple Stock Screeners, based on their latest 13F’s. Investors such as Warren Buffett, Joel Greenblatt, Carl Icahn, Jim Simons, Prem Watsa, Jeremy Grantham, … Read More
Only 1 Tech Stock From The 1999 Dotcom Bubble Beat The Market By 2007
During their latest episode of the VALUE: After Hours Podcast, Taylor, and Carlisle discussed Only 1 Tech Stock From The 1999 Dotcom Bubble Beat The Market By 2007. Here’s an excerpt from the episode: Tobias: Meb had a tweet today. Jake: How are you, Meb? Tobias: “How many of the … Read More
Guy Spier: Warren Buffett On Does Investing Get Easier Over Time?
During this interview with The Young Investors Podcast, Guy Spier discusses the difficulty of investing and how it’s comparable to other challenging pursuits, such as cycling. He also shares a personal experience of asking Warren Buffett if investing gets easier over time. Here’s an excerpt from the interview: Spier: I … Read More
Bill Ackman: The Simple Formula For Investing in Great Businesses
In this interview with Julia La Roche, Bill Ackman discusses his simple formula for investing in great businesses. Here’s an excerpt from the interview: We had an investment strategy we always would articulate but never sort of codified in a very simplistic, Moses tablet if you will, of Commandments. Basic … Read More
Michael Burry – Top 10 Holdings – Latest 13F
One of the best resources for investors are the publicly available 13F-HR documents that each fund is required to submit to the SEC. These documents allow investors to track their favorite superinvestors, their fund’s current holdings, plus their new buys and sold out positions. We spend a lot of time … Read More