During their latest episode of the VALUE: After Hours Podcast, Valdez, Taylor, and Carlisle discuss Becoming A Serial Acquirer Like Berkshire & Constellation. Here’s an excerpt from the episode: Tobias: What are your inspirations? Berkshire? What about something like Constellation or–? Mark: 100%. Yeah, Constellation– [crosstalk] Tobias: Because they have … Read More
Howard Marks: The 1 Question Investors Should Ask Regarding A Possible Investment
In his book, Mastering The Market Cycle, Howard Marks discusses the one question investors should ask regarding a possible investment. Here’s an excerpt from the book: My point is that, in a negative environment, excessive risk aversion can cause people to subject investments to unreasonable scrutiny and endlessly negative assumptions … Read More
David Einhorn: What Should Investors Do When They’re ‘On Tilt’?
During this interview with Cambridge Union, David Einhorn discusses what investors should do when they’re ‘on tilt’. Here’s an excerpt from the interview: Einhorn: There’s some overlap in the skill-sets. Like if you just think about an investment versus a poker hand, there’s some information that you know. You know … Read More
Terry Smith – 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 E24): Mark Valdez On Mergers And Acquisitions, Search Funds And Venture Capital
In their latest episode of the VALUE: After Hours Podcast, Mark Valdez, Jake Taylor, and Tobias Carlisle discuss: Becoming A Serial Acquirer Like Berkshire & Constellation What Makes Modern Day Conglomerates Great! Warren Buffett – Take The Dagger Off The Steering Wheel Investing Lessons From Earthworms Where Will Startups Turn … 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 $ BMY Bristol-Myers … 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 -15.45% BAC Bank of America … Read More
9 Book Recommendations From Bill Ackman
Bill Ackman is a very successful investor, hedge fund manager, and Founder and CEO of Pershing Square Capital Management. 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 nine book recommendations from Bill … Read More
This Week’s Best Value Investing News, Podcasts, Interviews (6/23/2023)
This week’s best investing news: Howard Marks: Mastering The Market Cycle (TIP) Charlie Munger is skeptical of AI: ‘Old-fashioned intelligence works pretty well’ (CNBC) Cliff Asness – Quant Firm AQR Spots Deal of the Century in Emerging Markets (Bloomberg) The Roundup: Top Takeaways from Oaktree’s Quarterly Letters – June 2023 … Read More
Stock In Focus – TAM Stock Screener – Gulfport Energy Corp (GPOR)
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: Gulfport Energy Corp (GPOR) Gulfport Energy Corp is an independent exploration … Read More
Investing Lessons From Trees
During their latest episode of the VALUE: After Hours Podcast, Cassel, Taylor, and Carlisle discuss Investing Lessons From Trees. Here’s an excerpt from the episode: Jake: You guys want to squeeze some veggies in? Tobias: Yeah, let’s do some veggies. Good idea. Jake: So, this week is all about the … Read More
GMO: U.S “Deep Value” Stocks (Cheapest 20%) Are Super Cheap
During his recent interview with Meb Faber, GMO’s Ben Inker explained why U.S deep value stocks are super cheap. Here’s an excerpt from the interview: When we’re talking about value, the default way most people think about it is halves of the market. So there’s the value half of the … Read More
Howard Marks: The Years Ahead Won’t Be Easy For Investors
In his June Roundup of OakTree Letters, Howard Marks explained why the years ahead won’t be easy for investors. Here’s an excerpt from the roundup: Marks: The overarching theme of my sea-change thinking is that, largely thanks to highly accommodative monetary policy, we went through unusually easy times in a … Read More
This Acquirers Multiple Stock Appearing In Dalio, Simons, Greenblatt 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
Find Companies With Growth & Survival Qualities
During their latest episode of the VALUE: After Hours Podcast, Cassel, Taylor, and Carlisle discuss Find Companies With Growth & Survival Qualities. Here’s an excerpt from the episode: Tobias: Let’s talk a little bit about– So, you’re small and micro, but you’re probably at the other end of the spectrum … Read More
Jeremy Grantham: How The Changing Face Of American Capitalism Has Impacted Investors
In this interview with TIP, Jeremy Grantham discussed the changing face of American capitalism, and its impact on investors. Here’s an excerpt from the interview: Grantham: And what we have today, increasingly now for 20 years, is a style of capitalism where the stockholders are leaning on the corporations to … Read More
Joel Greenblatt: How To Find The Best Capital Allocators
During this fireside chat with The Hedge Fund Association, Joel Greenblatt explained how to find the best capital allocators. Here’s an excerpt from the chat: Greenblatt: The best thing to do is look at what they’ve done, not what they’ve said. And so if management’s been a very good allocator … 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
Finding Picasso-Type Situations
During their latest episode of the VALUE: After Hours Podcast, Cassel, Taylor, and Carlisle discuss Finding Picasso-Type Situations. Here’s an excerpt from the episode: Ian: But where we were going back and forth was just on the small outstanding share count. I do find when a company has 10 million … Read More
Jeffrey Gundlach: Bonds Have 4 Times The Payout Of The Stock Market Right Now
During this interview with CNBC, Jeffrey Gundlach explains why bonds have four times the payout of the stock market right now. Here’s an excerpt from the interview: Gundlach: You can get all these yields and have all this upside. What people don’t understand is thanks to the fact that rates … Read More