During his recent interview on the 20VC Podcast, Michael Mauboussin explained how to build your investment process. Here’s an excerpt from the interview: Mauboussin: One thing I would just say Harry about building a process is the first thing to think about and think about deeply is actually what you’re … Read More
Tweedy Browne: Non-US Stocks Priced For Armageddon
In their latest Q3 2022 Letter, Tweedy Browne explain why non-US stocks are priced for Armageddon. Here’s an excerpt from the letter: Rising equity market volatility continues to churn up investment opportunities, particularly in non-US equity markets where many stocks, in our view, are currently priced for Armageddon. As a … Read More
The Big Contrarian Energy Trade
In the latest episode of the Acquirers Podcast, Vincent Daniel, Porter Collins, and Tobias Carlisle discuss The Big Contrarian Energy Trade. Here’s an excerpt from the episode: Tobias: On the long side, on the more positive side, you still feel quite strongly about energy, because it’s underinvested? Is that like … Read More
Elliott Management: Current Market Extremes Worse Than The Post-WWII Period
In their latest Q3 2022 Letter, Elliott Management explain why current market extremes are worse than the post-WWII period. Here’s an excerpt from the letter: Imagine a big warehouse, filled with little knots of people fighting fiercely, with each struggle happening over a different point of contention, topic, ideology or … Read More
Carl Icahn: Corporate America Only Has Itself To Blame
During his recent interview with The Forbes Iconoclast Summit, Carl Icahn explained why Corporate America only has itself to blame. Here’s an excerpt from the interview: Icahn: One of the major problems I think, and nobody’s blamed them, but it’s Corporate America. It’s the CEOs, rubber stamp boards, and the money … Read More
Ray Dalio – 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
Acquirers Podcast: Vincent Daniel and Porter Collins from Seawolf on Energy, Inflation and the Fed
In the latest episode of the Acquirers Podcast, Vincent Daniel, Porter Collins, and Tobias Carlisle discuss: Working With The Big Short’s Steve Eisman In Real Life The Big Contrarian Energy Trade Here’s Why Tesla’s Margins Don’t Make Sense Biggest Winners In The New Energy Paradigm Fundamental Momentum Investing The Real … 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 $ MSFT Microsoft … 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 the top 10 worst performing Mega-Caps in the last twelve months: Symbol Name 1 Year Price Returns (Daily) 1. META Meta Platforms Inc -72.40% 2. NVDA NVIDIA … Read More
Stock In Focus – TAM Stock Screener – Procter & Gamble Co (PG)
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: Procter & Gamble Co (PG) Since its founding in 1837, Procter … Read More
This Week’s Best Value Investing News, Podcasts, Interviews (11/4/2022)
This week’s best investing news: The Impact of OPEC Announcements on Oil Prices (Verdad) For Diving FAANG Stocks, It’s the End of an Era (WSJ) A dead cat bounce 250 years in the making (FT) How Technology Changes Competitive Advantages (Jamie Catherwood) Ackman’s Pershing Square Jumped 10% in October (II) … Read More
A Pace Layer Approach To Investing
In their latest episode of the VALUE: After Hours Podcast, Brewster, Taylor, and Carlisle discuss A Pace Layer Approach To Investing. Here’s an excerpt from the episode: Jake: This segment is on pace layering and it comes from this guy, Stewart Brand, who is an author and he’s a thought … Read More
First Eagle: Generational Buying Opportunities Ahead
In their latest Q3 2022 Market Commentary, First Eagle Investments explain why generational buying opportunities are ahead. Here’s an excerpt from the commentary: The good news is that this mathematical phase of adjustment may be complete, and asset prices once again appear to offer reasonable risk premia for investors. Lest … Read More
Morgan Housel: Most Of Your Investing Success Will Come From A Small Fraction Of Your Investments
In his recent interview with The Long View, Morgan Housel explained why most of your investing success will come from a small fraction of your investments. Here’s an excerpt from the interview: Housel: And then, Ben Graham, one of the most successful investors of all time. Not only is he … Read More
This Acquirers Multiple Stock Appearing In Klarman, Dalio, Watsa 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
Pick A Stock Or Credit To ‘Lose’ The Most In The Next 12 Months
In their latest episode of the VALUE: After Hours Podcast, Brewster, Taylor, and Carlisle discuss Pick A Stock Or Credit To ‘Lose’ The Most In The Next 12 Months. Here’s an excerpt from the episode: Tobias: I got a game. I tweeted this up last week. “You have to pick … Read More
Vitaliy Katsenelson: Prudent Investing Means Sometimes You’re Going To Look Like A Moron
During his recent interview with Military to Millionaire, Vitaliy Katsenelson explains why prudent investing means sometimes you’re going to look like a moron. Here’s an excerpt from the interview: Katsenelson: Let me tell you this story. This is true story. This is 2001, late 2001. The only reason I remember … Read More
Polen Capital: 5 ‘Guardrails’ For Finding The Best Opportunities
During their recent interview with Value Investor Insight, Damon Ficklin and Jeff Mueller from Polen Capital discussed their five guardrails for finding the best opportunities. Here’s an excerpt from the interview: Jeff Mueller: The guardrails are the first step in our process and have been in place since David Polen … 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
No Panic But 2022 Daily Declines Only Exceeded By 2008 & 2002
In their latest episode of the VALUE: After Hours Podcast, Brewster, Taylor, and Carlisle discuss No Panic But 2022 Daily Declines Only Exceeded By 2008 & 2002. Here’s an excerpt from the episode: Tobias: Yeah. It’s a good business, a good balance sheet. Since I added it, I don’t know … Read More