In his latest memo titled – What Really Matters?, Howard Marks explains why ‘asymmetry’ matters most when it comes to investing. Here’s an excerpt from the memo: What matters most? Asymmetry. In sum, asymmetry shows up in a manager’s ability to do very well when things go his way and … Read More
Fortune Favors The Brave
In their latest episode of the VALUE: After Hours Podcast, Brewster, Taylor, and Carlisle discuss Fortune Favors The Brave. Here’s an excerpt from the episode: Tobias: Just that you know that line, “Fortune favors the brave”? So, this is something that I put this in my book before Matt Damon … 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
Jim Chanos: Enron & FTX Shared The Same ‘Black Box’ Characteristics
During his recent interview with Srivatsan Prakash, Jim Chanos explained how Enron and FTX shared the same ‘Black Box’ characteristics. Here’s an excerpt from the interview: Chanos: Well I would say that SBF was probably the anti-Jeff Skilling in terms of he was everything personally that Jeff Skilling wasn’t. Jeff … Read More
Bill Nygren: Investors Must Take Larger Positions To Have Maximum Impact On Their Portfolios
During his recent presentation, Bill Nygren discussed why investors must take larger position sizes to have maximum impact on their portfolios. Here’s an excerpt from the presentation: Nygren: We think the biggest skill we bring to the table is stock selection. And we want to magnify the impact that our … Read More
Todd Combs on Buffett & Munger
In their latest episode of the VALUE: After Hours Podcast, Brewster, Taylor, and Carlisle discuss Todd Combs on Buffett & Munger. Here’s an excerpt from the episode: Bill: We were talking, Jake, about the Wechsler interview or wasn’t it Todd? Who was that? Jake: Combs. Todd Combs. Bill: Yeah, Combs. … Read More
Warren Buffett: What To Consider When Investing In Companies Outside The U.S
During the 2011 Berkshire Hathaway Annual Meeting, Warren Buffett discussed what he considers when investing in companies outside the U.S. Here’s an excerpt from the meeting: WARREN BUFFETT: We follow the same principles, but we recognize that we know less about tax laws, about customs, about attitudes towards shareholders, any … Read More
Michael Burry – 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
Eugene Fama: Investing In The U.S Has Less Risk Than Investing Internationally
During his recent interview with Meb Faber, Eugene Fama explains why investing in the U.S has less risk than investing internationally. Here’s an excerpt from the interview: Fama: A global market portfolio is kind of a risky venture because the problem is that countries go to war with one another. We … Read More
VALUE: After Hours (S04 E41): Fortune Favors the Brave, Asteroid Mining, Tech Layoffs + GOOG Activism
In their latest episode of the VALUE: After Hours Podcast, Bill Brewster, Jake Taylor, and Tobias Carlisle discuss: Todd Combs Provides Insights Into Buffett & Munger Fortune Favors The Brave Investing Lessons From Formula 1 The Diverse Nature Of Berkshire’s Stock Picks Chris Hohn Goes Activist On Google Mass Layoffs … 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 $ MDT Medtronic … 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) 1. META Meta Platforms Inc -66.98% 2. NVDA … Read More
This Week’s Best Value Investing News, Podcasts, Interviews (11/18/2022)
This week’s best investing news: Charlie Munger: CNBC Interview – Berkshire, Billionaires, & the Blockchain (CNBC) What You (Want to)* Want (Paul Graham) Berkshire Hathaway Energy Slide Presentation (BHE) Ray Dalio Sees More Pain Ahead in This Debt Cycle (Barron’s) Bill Ackman interview: What’s your outlook for 2023? (AJ Bell) … Read More
Stock In Focus – TAM Stock Screener – Alphabet Inc (GOOGL)
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: Alphabet Inc (GOOGL) Alphabet is a holding company. Internet media giant … Read More
What To Do When The Big Flush Comes
In their latest episode of the VALUE: After Hours Podcast, Brewster, Taylor, and Carlisle discuss What To Do When The Big Flush Comes. Here’s an excerpt from the episode: Bill: Do you think a flush is coming? Tobias: Yeah, I do. Bill: Jake, do you think a flush is coming? … Read More
This Acquirers Multiple Stock Appearing In Dalio, Greenblatt, Simons 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
Li Lu: Investors Who Figure Out Their Own Style, And Stick To It, Will Have A Big Advantage
In this interview with the Graham & Doddsville Newsletter, Li Lu explained why investors who figure out their own style, and stick to it, will have a huge advantage. Here’s an excerpt from the newsletter: Li Lu: Part of the game of investing is to come into your own. You … Read More
Bruce Flatt: Price And Value Are Rarely The Same; This Often Creates Opportunity
In his Q2 2022 letter to shareholders, Bruce Flatt explains why Price and Value are rarely the same, and why this often creates opportunity. Here’s an excerpt from the letter: At junctures where stock markets trade off significantly, it is worth repeating why value investing is a proven way to … Read More
Small Quality Value Crushing It
In their latest episode of the VALUE: After Hours Podcast, Brewster, Taylor, and Carlisle discuss Small Quality Value Crushing It. Here’s an excerpt from the episode: Tobias: The only other bit of research I’ve got just so I can get this one out there, it’s nothing that nobody would expect, … Read More
Charles Ellis: The Biggest Change In 60 Years Of Investing
During his recent interview with WealthTrack, Charles Ellis discussed the biggest change is in 60 years of investing in markets. Here’s an excerpt from the interview: Ellis: My views have changed from believing deeply and with considerable excitement and a willingness to put in particularly long hours, because they did … Read More