In his 1989 Berkshire Hathaway Annual Letter, Warren Buffett discusses the value of focusing on simple, solvable opportunities rather than tackling complex business challenges. He reflects on his and Charlie Munger’s investment philosophy, which prioritizes “one-foot hurdles” — easy-to-understand, lower-risk ventures. While difficult problems sometimes require attention and can lead … Read More
Howard Marks: Great Investors Don’t Rely on Economic Predictions
During his recent interview with the 3 Takeaways Podcast, Howard Marks argues that economic forecasting is largely unhelpful for investors. He points out that even renowned investors like Warren Buffett avoid relying on economic or market predictions when making investment decisions. Instead, Buffett emphasizes the value of information that is … Read More
Lee Ainslie – 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 (S06 E40): Undervalued stocks in Japan and England with Ben Beneche, co-founder Tourbillon Partners
In their latest episode of the VALUE: After Hours Podcast, Tobias Carlisle, Jake Taylor, and Ben Beneche discuss: Use Owner Earnings and Opportunity Cost to Drive Valuation Decisions Invest in Durable Brands How Language Reveals Management’s True Commitment to Shareholders Knot Theory Meets Private Equity: The Takahashi-Alexander Model Explained Lessons … Read More
Procter & Gamble Co (PG) DCF Valuation: Is The Stock Undervalued?
As part of a new series, each week we typically conduct a DCF on one of the companies in our screens. This week we thought we’d take a look at one of the stocks that is not currently in our screens, Procter & Gamble Co (PG). Profile Since its founding … Read More
This Week’s Best Value Investing News, Podcasts, Interviews (11/01/2024)
This week’s best investing news: Secrets of Legendary Investor Howard Marks (3 Takeaways) Jeremy Grantham – How to Spot a Market Bubble (Morningstar) Industry Is Not Destiny (Verdad) Joel Greenblatt: Legendary Investor & Author on Patience in the Investing Business (Money Maze) Finding Picassos: How Great Microcaps Become MultiBaggers (Validea) … Read More
Alpha Metallurgical Resources Inc (AMR): Is It 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: Alpha Metallurgical Resources Inc (AMR) Alpha Metallurgical Resources Inc is a … Read More
Finding Long-Term Winners in Packaging and Exchange Stocks
During their recent episode, Taylor, Carlisle, and George Livadis discussed Finding Long-Term Winners in Packaging and Exchange Stocks. Here’s an excerpt from the episode: Tobias: So, you don’t want to talk about individual names, but can you give us an idea of where you tend to look, what you tend … Read More
Joel Greenblatt: Great Businesses Expand Their Margin Of Safety
During his recent interview with the Money Maze Podcast, Joel Greenblatt discussed his approach to investing, emphasizing the importance of recognizing the potential for businesses to grow beyond their initial appearances. He uses Apple as an example, noting how its ecosystem added hidden value beyond hardware. Greenblatt contrasts short-term trades … Read More
Jeremy Grantham: The Paradox That Follows High P/E Markets
During his recent interview with Morningstar, Jeremy Grantham discussed the paradox of market euphoria and its aftermath. He observes that the most euphoric stock market periods—1929, 1972, the tech bubble of 2000, the 2008 financial crisis, and 2011—were followed not by strong economic growth but by some of the worst … Read More
Large-Cap Stocks In Trouble: Here Are The 10 Worst Performers Over The Past 12 Months
Over the past twelve months ten Large-Cap stocks have underperformed all others. Here’s this week’s top 10 worst performing Large-Caps in the last twelve months: Name 1 Year Price Returns (Daily) Walgreens Boots Alliance (WBA) -52.24% Humana (HUM) -50.00% Dollar Tree (DLTR) -41.32% APA (APA) -39.41% Intel (INTC) -34.71% Dollar … Read More
Which Superinvestors Hold Acquirer’s Multiple Stocks?
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
From Internet Backbone to Bankruptcy: The Cautionary Tale of Nortel
During their recent episode, Taylor, Carlisle, and George Livadis discussed From Internet Backbone to Bankruptcy: The Cautionary Tale of Nortel. Here’s an excerpt from the episode: Jake: [sighs] All right. Let’s do it. This one might actually fit in with some of the conversation about some of the bigger companies. … Read More
Dan Loeb: We See a Golden Age for Event-Driven Investing
In his recent Q3 2024 Letter, Dan Loeb discussed Third Point’s Q3 results which delivered a nearly 4% gain, achieving a 14% year-to-date return amid stronger market breadth. This was partly driven by rate-sensitive and cyclical stocks outperforming as markets anticipated the Fed’s easing cycle. Loeb notes the firm’s diversification … Read More
Bill Nygren: Value Investing In Companies Without Relying on Catalysts
During his recent interview with Behind The Balance Sheet, Bill Nygren reflects on his 40-year investment career, emphasizing the importance of both financials and management quality when selecting companies. Initially focused on buying undervalued companies with strong leadership, he later adopted a strategy aimed at finding firms that offer a … 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
Why Mid-Caps Offer the Sweet Spot for Investors
During their recent episode, Taylor, Carlisle, and George Livadis discussed Why Mid-Caps Offer the Sweet Spot for Investors. Here’s an excerpt from the episode: Tobias: I feel like no two periods are exactly the same. This is definitely not as memey and as bubbly as it was back then. But … Read More
Joel Greenblatt: Real Losses Are Key to Successful Investing
During his recent interview with The Money Maze Podcast, Joel Greenblatt explains that learning to invest requires real-life experience and, often, losing money. He shares that while investors sometimes profit unexpectedly due to luck, genuine lessons come from mistakes in analysis or unpredictable events, like the COVID-19 pandemic. Greenblatt advises … Read More
Howard Marks: Choosing the Right Risk Level in Investing
In his recent memo titled – Ruminating on Asset Allocation, Howard Marks argues that in an efficient market, the expected return rises proportionally with risk, meaning no position on the risk spectrum is inherently superior—all offer a similar risk-to-return ratio. This view assumes markets price assets fairly, negating the chance … 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