Category Archive

During his recent interview with Tobias, Mikhail Samonov, Founder and CEO of Two Centuries Investments discussed why Studying Historical Markets Makes You A More Resilient Investor. Here’s an excerpt from the interview: Tobias: There’s a few philosophical questions. Why use a very long time period to– What does that give you? Mikhail: … Read More

During their recent episode of the VALUE: After Hours Podcast, Taylor, Brewster, and Carlisle discussed ROIC, Returns, And Nose-Bleed Valuations. Here’s an excerpt from the episode: Bill: This is probably a reasonable time to do the ROIC and return comments. Tobias: Yeah. Bill: Look, we have gone too far with this discussion. I … Read More

During his recent interview with Tobias, Mikhail Samonov, Founder and CEO of Two Centuries Investments discussed Should Value Investors Double Down?. Here’s an excerpt from the interview: Tobias: So, the last thing that you discuss in that paper, you say that there are a number of reasons why people think … Read More

In this episode of The Acquirers Podcast Tobias chats with Mikhail Samonov. He’s the Founder and CEO of Two Centuries Investments, and has extended the value backtest all the way back to 1825. During the interview Mikhail provided some great insights into: Value Investors Should Double Down Studying Historical Markets … Read More

During their recent episode of the VALUE: After Hours Podcast, Taylor, Brewster, and Carlisle discussed Asimov’s Foundation. Here’s an excerpt from the episode: Jake: All right. Let’s jump into it. I’m going to start off with a quote from Isaac Asimov. He says, “The individual molecules of a gas move … Read More

MOI recently released its yet to be named podcast hosted by John Mihaljevic and featuring Chris Bloomstran, Phil Ordway, and Elliot Turner. Turns out the inspiration for this new podcast was the Value After Hours Podcast featuring our very own Tobias Carlisle, Bill Brewster, and Jake Taylor. Here’s an excerpt … Read More

During his recent interview with Tobias, Nate Tobik, founder of CompleteBankData and author of The Bank Investor’s Handbook discussed Generating Outsized Returns In Japanese Net-Nets. Here’s an excerpt from the interview: Nate: So, I just decided I’m going to just research a couple of hours every night. And I started Oddball Stocks because– I’m … Read More

In this episode of the VALUE: After Hours Podcast, Taylor, Brewster, and Carlisle chat about: Asimov’s Foundation ROIC, Returns, And Nose-Bleed Valuations BlackRock Quant Sees Stock Valuation a Mystery Not Worth Solving Buffett’s Miss $WFC Down 51% YTD The Counter-Argument To Buying Berkshire Which Is The Best FAATMAN Stock To … Read More

During their recent episode of the VALUE: After Hours Podcast, Taylor, Brewster, and Carlisle discussed David Einhorn: Before and After. Here’s an excerpt from the episode: Tobias: How do you think about historical track records? Seems like folks with long-term returns like Tepper, Ackman, Buffett, Klarman have long periods of … Read More

During his recent interview with Tobias, Nate Tobik, founder of CompleteBankData and author of The Bank Investor’s Handbook discussed Value Investing In Lego. Here’s an excerpt from the interview: Nate: Yes. But the thing is, it actually works out better not knowing those details. I always think about it in real-world terms. So, I … Read More

During his recent interview with Tobias, Nate Tobik, founder of CompleteBankData and author of The Bank Investor’s Handbook discussed Complete Bank Data. Here’s an excerpt from the interview: Tobias: What was the inspiration for the Bank Data? Nate: It was a problem I was looking to solve. Coming out of the crisis, … Read More

 During their recent episode of the VALUE: After Hours Podcast, Taylor, Brewster, and Carlisle discussed $WFC WTF. Here’s an excerpt from the episode: Bill: Let’s talk about my favorite stock of the day. We have a bank here that is printing an 81.6% efficiency ratio. For those that don’t … Read More

In this episode of The Acquirers Podcast Tobias chats with Nate Tobik. He’s the founder of CompleteBankData, author of The Bank Investor’s Handbook, and he writes about deep value stocks online at his newsletter oddballstocksnewsletter.com. During the interview Nate provided some great insights into: Investing In Oddball Stocks The Genesis … Read More

During their recent episode of the VALUE: After Hours Podcast, Taylor, Brewster, and Carlisle discussed how Warren Buffett Pulled Off The Greatest Trade Ever. Here’s an excerpt from the episode: Tobias: Well, I’m going to be talking about something good. I tweeted this out on Friday. I truly believe it– … Read More

In this episode of the VALUE: After Hours Podcast, Taylor, Brewster, and Carlisle chat about: Warren Buffett Pulled Of The Greatest Trade Ever $WFC WTF Finding Your Fundamental Investing Blindspot Bill Miller Credits His Success To Learning Philosophy David Einhorn: Before and After Bill Ackman And Mature Unicorns The Problem … Read More

During his recent interview with Tobias, Mike Puangmalai, owner of The NonGaap Newsletter discussed Sexing Chicks And World War 2 Spotting. Here’s an excerpt from the interview: Tobias: It’s just that it’s too subtle to articulate. With sexing chicks, you can’t tell somebody what to look for. They just have to guess on … Read More

During their recent episode of the VALUE: After Hours Podcast, Taylor, Brewster, and Carlisle discussed The Wide Value Spread. Here’s an excerpt from the episode: Tobias: All right, good stuff. Shall we move on to mine? Not really a huge topic this time around. I’m just noticing value getting absolutely … Read More

During his recent interview with Tobias, Mike Puangmalai, owner of The NonGaap Newsletter discussed how Companies Will “Spring Load” And “Bullet Dodge” Equity Grants To Benefit Insiders. Here’s an excerpt from the interview: Tobias: You talk about using compensation. The two mechanisms are spring-loading options and bullet dodging. There’s this great part in … Read More

 During his recent interview with Tobias, Mike Puangmalai, owner of The NonGaap Newsletter discussed The Dark Arts Of Corporate Governance. Here’s an excerpt from the interview: Tobias: You’ve got this great series, which we’re going to go through in a moment, on your blog about corporate governance and the dark arts of … Read More

During their recent episode of the VALUE: After Hours Podcast, Taylor, Brewster, and Carlisle discussed Cheap Bank Stocks. Here’s an excerpt from the episode: Bill: I don’t know. I’ve been on this financials deep dive because I just look at where they’re all trading and this is– I feel I’m … Read More