During the 1999 Berkshire Hathaway Annual Meeting, Warren Buffett explained why wonderful industries do not always equate to wonderful businesses. Here’s an excerpt from the meeting: WARREN BUFFETT: There’s a lot of difference between making money and spotting a wonderful industry. You know, the two most important industries in the … Read More
Rob Arnott: Your Tolerance For Downside Risk Is Considerably Less Than You Think It Is
During his recent interview on the Excess Returns Podcast, Rob Arnott explained why your tolerance for downside risk is considerably less than you think it is. Here’s an excerpt from the interview: Arnott: It’s interesting. In the market crash in 1987, and in the tech bubble bursting in 2000 to … 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
Value Investing In The 70s
In their latest episode of the VALUE: After Hours Podcast, Brewster, Taylor, and Carlisle discuss Value Investing In The 70s. Here’s an excerpt from the episode: Tobias: I’ve got also US stock market performance by PE ratio on the 70s. So, there’s a reasonable chance that we’re going to look … 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
Jim Chanos: There Are Lots Of Businesses Out There With Unsustainable Business Models
During his recent interview with Simplify, Jim Chanos explained why there are lots of businesses out there with unsustainable business models. Here’s an excerpt from the interview: Chanos: What most investors haven’t seen, and I saw the tail end of it having come into the market in 1980 is, and … Read More
David Einhorn: Value Investing Will Continue To Be A Very Successful Strategy
During his recent interview on The End Game Podcast, David Einhorn explains why value investing will continue to be a very successful strategy. Here’s an excerpt from the interview: Einhorn: Sure, I welcome the opportunity to elaborate on what I said and what I meant, I quibble only slightly with … Read More
VALUE: After Hours (S04 E38): No Panic, Value Investing in the 70s, 10-3 Treasury Inversion, Pace Layers
In their latest episode of the VALUE: After Hours Podcast, Bill Brewster, Jake Taylor, and Tobias Carlisle discuss: Value Investing In The 70s No Panic But 2022 Daily Declines Only Exceeded By 2008 & 2002 Pick A Stock Or Credit To Lose The Most In The Next 12 Months A … Read More
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 $ 1. GOOGL … Read More
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 the top 10 worst performing Mega-Caps in the last twelve months: Symbol Name 1 Year Price Returns (Daily) 1. META Meta Platforms Inc -58.89% 2. NVDA NVIDIA … Read More
Stock In Focus – TAM Stock Screener – Meta Platforms Inc (META)
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: Meta Platforms Inc (META) Meta is the world’s largest online social … Read More
This Week’s Best Value Investing News, Podcasts, Interviews (10/28/2022)
This week’s best investing news: Warren Buffett Is Collecting 25% to 54% Yields on 3 Stocks: Here’s His Secret (Globe & Mail) Fair Multiples (Verdad) Billionaire investor Bill Ackman joins Elon Musk calling for a Ukraine cease-fire that includes major concessions to Russia (Fortune) A Story of Short-Selling & Revenge: … Read More
When Is The Market Not Expensive?
In their latest episode of the VALUE: After Hours Podcast, Brewster, Taylor, and Carlisle discuss When Is The Market Not Expensive?. Here’s an excerpt from the episode: Tobias: The problem is it’s a very mixed bag and probably there’s some things that are getting materially better, because there was 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
Daniel Kahneman: Investors Need To Make Peace With Their Losses
In the book Choices, Values, and Frames, Daniel Kahneman and Amos Tversky explain why investors need to make peace with their losses. Here’s an excerpt from the book: This analysis suggests that a person who has not made peace with his losses is likely to accept gambles that would be … Read More
Wally Weitz: Don’t Wait For The Robins
In his latest article titled – Don’t Wait For The Robins, Wally Weitz explains how investors miss out on outsized returns by waiting for the market to turn. Here’s an excerpt from the article: The bad news for corporate profits is likely to continue for a while, and the bear … Read More
David Einhorn Positive About The Future Of Value
In their latest episode of the VALUE: After Hours Podcast, Brewster, Taylor, and Carlisle discuss David Einhorn Positive About The Future Of Value. Here’s an excerpt from the episode: Jake: What do you think about Einhorn–? He was talking about how there’s not anyone really left to look at the … Read More
Howard Marks: Contrarianism – Leaning Against The Excesses Of Investor Psychology
During his recent interview with SJP, Howard Marks explained why it’s important to lean against the excesses of investor psychology to be a successful investor. Here’s an excerpt from the interview: Marks: You mentioned contrarianism. Contrarianism is very important and basically what it consists of is understanding the excesses of … Read More
Aswath Damodaran: Think Of Investing As Humble Money Versus Arrogant Money
In his recent presentation with the Nordic Business Foundation, Aswath Damodaran explained why you should think of investing as humble money versus arrogant money. Here’s an excerpt from the presentation: Damodaran: I’m going to suggest as a final point that rather than think of money as smart money versus stupid … 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