Earlier this year in his 2022 Annual Report, Prem Watsa warns investors to be careful (caveat emptor), and to remember that human nature has not changed at all over all these years. Here’s an excerpt from the report: I have mentioned to you that the renaissance of value investing may … Read More
Michael Burry: How To Find A Catalyst
One of the best things about Michael Burry’s write-ups at Value Investors Club was that he finished his company analysis with a catalyst that could drive the stock price higher. One of the company’s he wrote about was Huttig Building Products. Burry believed that there were a few catalysts that … Read More
This Acquirers Multiple Stock Appearing In Dalio, Greenblatt, Ainslie 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
Dealing With Selling Too Early
During their latest episode of the VALUE: After Hours Podcast, Travis, Taylor, and Carlisle discussed Dealing With Selling Too Early. Here’s an excerpt from the episode: Tobias: Yeah, probably. The time to buy Microsoft was when Whitney Tilson was pitching it at Value Investing Congress in about 2010, 2011. That … Read More
Warren Buffett: “Big Ideas” Are The Only Way Of Earning 15% Annually
In his 1984 Berkshire Hathaway Annual Letter, a year in which Berkshire Hathaway’s net worth increased by $152.6 million, or 13.6%. Warren Buffett explained why “big ideas” were the only way to help the company achieve its long-term goal of earning 15% annually. Here’s an excerpt from the letter: Using … Read More
Dan Loeb: Understanding The Impact Of AI Is Essential To Successful Stock Selection
In his latest Q2 2023 Letter, Dan Loeb says his funds performance was hurt by its exposure to value stocks, which have underperformed growth stocks in recent months. He also says that understanding the impact of AI is essential to successful stock selection. Here’s an excerpt from the letter: Against this … 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
Where To Find The Best Opportunities Today
During their latest episode of the VALUE: After Hours Podcast, Travis, Taylor, and Carlisle discussed Where To Find The Best Opportunities Today. Here’s an excerpt from the episode: Tim: So, I think you look at individual bonds are like– Even real estate companies, some of these real estate investment trusts … Read More
Charles Munger: Sustained Performance Comes From Making A Small Number Of Very Good Investment Decisions
During the 2017 Daily Journal Annual Meeting, Charles Munger explains why the only way to achieve sustained outperformance is to make a small number of very good investment decisions. He cites Berkshire Hathaway as an example, pointing out that the company’s success has been driven by a handful of key … Read More
Rich Pzena: Value Investors Have Had A Very Good Year
During his recent 2023 Mid Year Outlook, Rich Pzena explained why value investors have had a very good year. Here’s an excerpt from the presentation: Pzena: Real reversal and so much of what Miklos talked about happened in that three-month period. And then it looks like it’s turned again. June … 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
Housing Crisis Phenomena
During their latest episode of the VALUE: After Hours Podcast, Travis, Taylor, and Carlisle discussed Housing Crisis Phenomena. Here’s an excerpt from the episode: Tobias: I saw a few of those. It’s like bear porn, doom porn on the housing market. They talk about the short-term rentals, the Airbnb phenomenon, … Read More
Warren Buffett: We’d Rather Hold Excess Cash Than Do ‘Dumb’ Deals
During the 2006 Berkshire Hathaway Annual Meeting, Warren Buffett explained why he would rather hold excess cash than do ‘dumb’ deals. Here’s an excerpt from the meeting: WARREN BUFFETT: Yeah. I don’t think we’ll hit any home runs, under any circumstances. But the — you might consider a normal level … Read More
Li Lu: How To Find Great Businesses
During this interview with Bruce Greenwald, Li Lu discusses how to find great businesses. Here’s an excerpt from the interview: Lu: Great businesses are the ones who really have above average returns of invested capital, but that kind of business usually attracts imitators and competitors. Everybody wants to have above … Read More
Charles Munger – 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 E28): Tim Travis On Regional Banks, Financials, Value And The Tardigrade
In their latest episode of the VALUE: After Hours Podcast, Tim Travis, Jake Taylor, and Tobias Carlisle discuss: Housing Crisis Phenomena The Bull Case For Oil Buying Bonds In Commercial Banks And Offshore Drillers Opportunities In Real Estate REITs Insurance Companies Pulling Out Of Florida Selling Too Early Investing Lessons … Read More
What Is The Real Value Of Pfizer Inc (PFE) Using A Simple DCF
As part of a new series, each week we’re going to conduct a DCF on one of the companies in our screens. This week the stock is Pfizer Inc (PFE). We currently have the stock on an Acquirers Multiple of 6.60. The stock is currently priced at $35.64. Profile Pfizer … 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 -28.85% ABBV AbbVie Inc -5.95% … Read More
8 Book Recommendations By Joel Greenblatt
Joel Greenblatt is a successful American hedge fund manager. He is the Founder and Managing Partner at Gotham Capital. He has recommended a number of books that have influenced his thinking and approach to investing. While this list is by no means complete, here are some of the book recommendations … Read More