In his interview in the book – Efficiently Inefficient, Lee Ainslie describes his investment process as forward-looking, focusing on identifying future winners and losers in each industry. The firm’s deep due diligence is enabled by a low ratio of positions to professionals, allowing constant updates on industries and spotting new opportunities. … Read More
Aswath Damodaran: What’s Your Moat Against the Bots in Investing?
During his recent interview with Excess Returns, Aswath Damodaran explores the impact of AI and automation, particularly in the context of mechanical, rule-driven tasks like factor investing. He emphasizes the need for individuals to differentiate themselves from machines by focusing on tasks that AI cannot easily replicate. Damodaran suggests that … 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) -56.78% Albemarle (ALB) -44.22% Humana (HUM) -37.04% APA (APA) -35.70% Moderna (MRNA) -35.13% Estee Lauder … 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
What Bears Can Teach Investors About Surviving Market Crashes
During their recent episode, Taylor, Carlisle, and Alex Morris discussed What Bears Can Teach Investors About Surviving Market Crashes. Here’s an excerpt from the episode: Jake: Should we just do veggies? Yeah. Tobias: Yeah. Jake: Let’s do it. Tobias: Let’s do veggies. Jake: Let’s do it. All right. So, given … Read More
Cliff Asness: Markets: The Crazy Periods Are Getting Crazier And Lasting Longer
In this interview with Bloomberg, Cliff Asness argues that market inefficiencies, such as wide spreads between cheap and expensive stocks, are becoming more pronounced and persistent. He explores three key reasons for this: the rise of passive investing, extended periods of ultra-low interest rates, and the influence of technology and … Read More
John Rogers: Why Value Investing Isn’t Dead Despite Growth Stock Dominance
In his recent interview with Odd Lots, John Rogers argues that value investing is not dead, despite the prolonged outperformance of growth stocks. He references Warren Buffett’s philosophy of being “greedy when others are fearful” and highlights the cyclical nature of markets. Rogers sees opportunities in overlooked, undervalued “orphan” stocks, … 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
Dollar General & Dollar Tree: Facing Toughest Economic Conditions Ever
During their recent episode, Taylor, Carlisle, and Alex Morris discussed Dollar General & Dollar Tree: Facing Toughest Economic Conditions Ever. Here’s an excerpt from the episode: Tobias: What do you see when you look at Dollar General, Dollar Tree? Alex: I think it’s a very interesting situation for both of … Read More
Warren Buffett: Why We Don’t Cut Costs in Tough Times
In his 1987 Berkshire Hathaway Annual Letter, Warren Buffett discusses his management philosophy regarding flexible budgets and cost-cutting. He emphasizes the importance of maintaining the quality of a business, regardless of short-term fluctuations in profit. Using examples from The Buffalo News and See’s Candies, Buffett rejects the notion of reducing … Read More
Mohnish Pabrai: Having Laser Focus Increases Your Odds Of Success
During this lecture to the students at Peking University, Mohnish Pabrai shared an anecdote by Charlie Munger, which highlights the power of focusing on a narrow “circle of competence.” He references Johnny Arrillaga, a billionaire who invested exclusively in real estate within a one-mile radius of Stanford University. Arrillaga’s success … 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
Energy Drink Wars
During their recent episode, Taylor, Carlisle, and Alex Morris discussed Energy Drink Wars. Here’s an excerpt from the episode: Alex: There’s tons of competition in the category for one. I think what they’ve said specifically is that C-stores are the ones that are showing the most pressure at the moment, … Read More
Bill Nygren: The Key To Long Term Value Investing
During this interview with Stephen Clapham – Bill Nygren reflects on 40 years of value investing, emphasizing the importance of not only analyzing companies’ balance sheets but also the quality of their management. He explains that early in his career, he learned to focus on undervalued companies with strong leadership … Read More
Howard Marks: The Economic Lessons of Animal Farm
In his latest memo titled – Shall we Repeal The Laws of Economics?, Howard Marks reflects on his early understanding of economic systems, shaped by George Orwell’s Animal Farm. He highlights the dangers of centrally planned economies, using the book’s motto—”From each according to his ability, to each according to … 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 (S06 E34): Alex Morris on The Science of Hitting, Celsius $CELH, $MNST, $FND, $SMG
In their latest episode of the VALUE: After Hours Podcast, Tobias Carlisle, Jake Taylor, and Alex Morris discuss: Energy Drink Wars: How Celsius, Monster, and Red Bull Target Different Audiences Dollar General vs. Dollar Tree: How Are They Handling Today’s Economic Pressures? What Bears Can Teach Investors About Surviving Market … Read More
The Home Depot Inc (HD) 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 currently in our screens, The Home Depot Inc (HD). Profile Home Depot is the … Read More
This Week’s Best Value Investing News, Podcasts, Interviews (09/20/2024)
This week’s best investing news: Howard Marks Memo – Shall We Repeal The Laws of Economics? (OakTree) Mohnish Pabrai’s keynote address at TiECON Southwest (MP) Terry Smith – Fundsmith – Dubai Eye Business Breakfast interview (DE) Forecastability and Portfolio Optimization (Verdad) GMO Commentary: The What-Why-When-How Guide to Owning Emerging Debt … Read More
Liberty Media Corp Series C (LSXMK): 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: Liberty Media Corp Series C (LSXMK) Liberty SiriusXM Group through its … Read More