During their latest episode of the VALUE: After Hours Podcast, Huber, Taylor, and Carlisle discuss Compare Companies Using Munger’s Head-To-Head Comparisons. Here’s an excerpt from the episode: Huber: So, I thought of three ways that you could use this little system. One is you could just use it for head-to-head … Read More
This Acquirers Multiple Stock Appearing In Einhorn, Cohen, 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
Warren Buffett: Finding The Right Acquisition Target
In his 2006 Berkshire Hathaway Annual Letter, Warren Buffett discussed how he finds the right acquisition targets. Here’s an excerpt from the letter: We continue, however, to need “elephants” in order for us to use Berkshire’s flood of incoming cash. Charlie and I must therefore ignore the pursuit of mice … Read More
Guy Spier: Warren Buffett Is Constantly Updating His Investing Models
During his recent interview with Richard Hsu, Guy Spier explains how Warren Buffett’s is constantly updating his investing models. Here’s an excerpt from the interview: Spier: Because there’s a lot of problems that go away when you have permanent capital. I think that the story of my investing career has … Read More
Finding Opportunities Using The NCAA Pairwise Rankings
During their latest episode of the VALUE: After Hours Podcast, Huber, Taylor, and Carlisle discuss Finding Opportunities Using The NCAA Pairwise Rankings. Here’s an excerpt from the episode: Huber: So, I was just curious to see– what I really wanted to do with this little mini-project was figure out how … Read More
Jim Chanos: Lessons From The Enron Scandal
Included in his Yale Class Syllabus, Jim Chanos discusses some lessons from the Enron Scandal. Here’s an excerpt from the syllabus: Bethany McLean, then a Fortune writer, broke the Enron scandal in 2001. She quotes one employee explaining how the accounting and auditing process worked at Enron: “Say you have … Read More
Vitaliy Katsenelson: Beware Of The Relative Valuation Trap
During his recent interview with the CFA Society India, Vitaliy Katsenelson explained why investors need to beware of the relative valuation trap. Here’s an excerpt from the interview: Katsenelson: In this environment I think the strategy that works is kind of value investment strategy. Also you have to be very … 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
Build Your Stock Watchlist Like A Baseball Fan
During their latest episode of the VALUE: After Hours Podcast, Huber, Taylor, and Carlisle discuss Build Your Stock Watchlist Like A Baseball Fan. Here’s an excerpt from the episode: Huber: I have four-part– my investment process has four components. One is durability, one is growth potential. It doesn’t mean fast … Read More
Howard Marks: Moral Hazard And The ‘Greenspan Put’
In his latest memo titled – Lessons From Silicon Valley Bank, Howard Marks discusses moral hazard and the ‘Greenspan Put’. Here’s an excerpt from the memo: One problem with government solutions of any kind – like the so-called “Greenspan put” – is the possibility that they’ll generate moral hazard. That … Read More
David Einhorn: What To Do When All Your Stocks Appear To Be Losers
During this interview with Invest Like The Best, David Einhorn discusses what to do when all of your stocks appear to be losers. Here’s an excerpt from the interview: Einhorn: It was very, very difficult. We weren’t making money on anything. It’s not like you had some winners and some … 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
Warren Buffett’s 90% Rule
During their latest episode of the VALUE: After Hours Podcast, Huber, Taylor, and Carlisle discuss Warren Buffett’s 90% Rule. Here’s an excerpt from the episode: Tobias: Before we came on, we were talking a little bit about Buffett’s 90%. Is it 90% confidence interval that firm’s earnings will be bigger … Read More
Mohnish Pabrai: The One Person Warren Buffett Would Like To Have Lunch With
In this Q&A session with students at JNV Bengaluru, Mohnish Pabrai discusses the time he asked Warren Buffett who he would like to have lunch with. Here is his response: I want to have lunch with Ben Franklin, so I said…no actually not Ben Franklin he said, I want to … Read More
Howard Marks: This Decline In Interest Rates Was The Biggest Single Event In The Past 45 Years
During his recent interview with The Investor’s Podcast, Howard Marks explained why this decline in interest rates was the biggest single event in the last 45 years. Here’s an excerpt from the interview: Marks: I believe there’s a couple things worth noting. Number one, I think that this decline in … 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 E14): John Huber, State Of US Banking, John Von Neumann, Buffett 90% Rule
In their latest episode of the VALUE: After Hours Podcast, John Huber, Jake Taylor, and Tobias Carlisle discuss: Warren Buffett’s 90% Rule Build Your Stock Watchlist Like A Baseball Fan Finding Opportunities Using The NCAA Pairwise Rankings Compare Companies Using Munger’s Head-To-Head Comparisons SVB Did The Fed A Massive Favor … 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 $ CVS CVS … 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) TSLA Tesla Inc -45.12% AMZN Amazon.com Inc -35.12% … Read More
10 Of The Best Books On Stock & Business Valuation (2023)
Last week we provided a list of 10 of the best investing podcasts. You can find the link here: 10 Of The Best Investing Podcasts On The Planet (2023) This week’s list is 10 of the best books on stock and business valuation. This list is by no means complete … Read More