During this interview with Investors’ Chronicle, Joel Greenblatt explained why investors need to turn over a lot of rocks to find the ‘easy’ investments. Here’s an excerpt from the interview: Greenblatt: I think everything is hard. The market is emotional in the short term, but eventually gets it right. And … Read More
One Stock Superinvestors Are Buying
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
Free Lunch – The Government Has Removed Left Tail Risk
During their latest episode of the VALUE: After Hours Podcast, Hoffstein, Taylor, and Carlisle discussed Free Lunch – The Government Has Removed Left Tail Risk. Here’s an excerpt from the episode: Tobias: When you look at the way that strategies work in other countries, It’s been one of the– Japan, … Read More
Li Lu: Do You Have The Insight & Temperament To Be A Great Investor?
During his 2010 Columbia University Lecture, Li Lu discussed the insight and temperament required to be a great investor. Here’s an excerpt from the lecture: When I started in the business in 1997, it was in the middle of the Asian Financial Crisis. A few years later there was the … Read More
Steven Romick: The Evolution Of A Value Investor
During this interview with WealthTrack, Steven Romick discusses his evolution as a value investor. Here’s an excerpt from the interview: Host: Steven, for the seventh edition of the investment classic Graham and Dodd Security Analysis, you were asked to write an introduction to a chapter about your evolution as a … Read More
Warren Buffett – 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
VALUE: After Hours (S05 E31): Corey Hoffstein on Value, Return Stacking, 60/40 Stocks and Bonds
In their latest episode of the VALUE: After Hours Podcast, Corey Hoffstein, Jake Taylor, and Tobias Carlisle discuss: Free Lunch – The Government Has Removed Left Tail Risk Timing Luck In Investment Strategies Value Is Not A Defensive Factor Investing Lessons From Unintended Consequences The Episodic Nature of Value Investing … Read More
What Is The Real Value Of Exxon Mobil Corp (XOM) Using A Simple DCF
As part of a new series, each week we typically conduct a DCF on one of the companies in our screens. However, this week we thought we’d take a look at one of the stocks that is not in our screens. The stock is Exxon Mobil Corp (XOM). Profile ExxonMobil … Read More
This Week’s 10 Big Named Companies Near 52 Week Lows
Over the past twelve months a number of big named companies have been near or below their 52 week low price. Each week we’ll take a look at some of the biggest names currently close to their 52 week lows: Symbol Name Price $ 52 Week Low $ DIS The … Read More
This Week’s 10 Worst Performing Mega-Cap Stocks Last 12 Months
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) PFE Pfizer Inc -23.64% TSLA Tesla Inc -20.10% … Read More
5 Must Read Books – Bruce Greenwald
Bruce Greenwald is a value investor, lecturer, and economist known for his work on value investing and competitive strategy. He’s authored a number of books that are highly regarded in the field of finance and investing. Here’s some book recommendations by and about Bruce Greenwald: Value Investing: From Graham to … Read More
This Week’s Best Value Investing News, Podcasts, Interviews (8/25/2023)
This week’s best investing news: Bill Ackman – Pershing Square Annual Letter (PS) The Opportunity in Emerging Markets with AQR’s Dan Villalon (Validea) Warren Buffett’s Berkshire Hathaway owns $1 trillion of assets – more than Microsoft, Alphabet and Meta (MI) Ray Dalio says China needs to restructure its debt (Fortune) … Read More
Stock In Focus – TAM Stock Screener – Stellantis NV (STLA)
As part of our ongoing series here at The Acquirer’s Multiple, we provide this feature article titled ‘Stock in Focus‘ where we focus on one of the stocks from our Stock Screeners. One of the cheapest stocks in our Stock Screeners is: Stellantis NV (STLA) Stellantis NV was formed on Jan. 16, 2021, … Read More
Warren Buffett: Why IPOs Can Be Painful for Investors
During their latest episode of the VALUE: After Hours Podcast, Hasson, Taylor, and Carlisle discussed Warren Buffett: Why IPOs Can Be Painful for Investors. Here’s an excerpt from the episode: Jake: There was actually a pretty clever study that was done of 16,000 US firms since 1975. What they did was … Read More
Warren Buffett: A Public Opinion Poll Is No Substitute For Thought
In his 1965 Buffett Partnership Letter, Warren Buffett explains why he derives no comfort because important people, vocal people, or great numbers of people agree with him. Nor does he derive comfort if they don’t. A public opinion poll is no substitute for thought, he says. Here’s an excerpt from … Read More
Howard Marks: How To Take The Market’s Temperature
In his book, The Most Important Thing, Howard Marks explains why being alert to what’s going on and taking the market’s temperature, can help us gain a better understanding of the investment climate and make better investment decisions. Here’s an excerpt from the book: When I say that our present … Read More
This Acquirers Multiple Stock Appearing In Buffett, Dalio, Simons Portfolios
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
Timing The Bottom Can’t Be Done
During their latest episode of the VALUE: After Hours Podcast, Hasson, Taylor, and Carlisle discussed Timing The Bottom Can’t Be Done. Here’s an excerpt from the episode: Tobias: I tried to time the bottom, like find some way of systematic way of timing the bottom. There is none. I just … Read More
One Stock Superinvestors Are Selling
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
Guy Spier: Listen To Charles Munger When It Comes To Trimming Positions
In this interview with William Green, Guy Spier discusses the challenge of deciding whether to trim investments when the valuation of a position has greatly appreciated. Here’s an excerpt from the interview: Spier: In the Berkshire case we can take the example of Coca-Cola, where that investment has been held … Read More