https://www.youtube.com/watch?v=_LNPDU7Pqak?start=3356 During his recent interview with Tobias, Mark Jones of Pragmatic Capital provided some great insights into why ‘herding’ in investing significantly impairs an investor’s ability to generate market-beating returns, saying: Mark Jones: I think there’s a lot of herding in investing and I think that that significantly impairs an … Read More
Smart Investors Use Put and Call Options To Hedge Stock Positions Before An Earnings Call
https://www.youtube.com/watch?v=_LNPDU7Pqak?start=2528 During his recent interview with Tobias, Mark Jones of Pragmatic Capital discusses how investors can use put and call options to hedge their stock positions prior to an earnings call, saying: Mark Jones: Right, so when I’m looking at these derivatives, I’m using them primarily for two reasons. One … Read More
How To Find Contrarian Stocks That Generate Outsized Returns
https://www.youtube.com/watch?v=_LNPDU7Pqak?start=182 During his recent interview with Tobias, Mark Jones of Pragmatic Capital describes his approach to finding contrarian stocks that provide outsized returns, saying: Mark Jones: Right, so I have a four-step research process and this is how I vet or I audit the market’s point of view. I find … Read More
(Ep.4) The Acquirers Podcast: Mark Jones of Pragmatic Capital – How To Find Contrarian Stocks
In Episode 4 of the The Acquirers Podcast, Tobias chats with Mark Jones of Pragmatic Capital. Mark has an unusual approach to picking stocks and it works. It’s made him the top-ranked analyst in SumZero on a last 12 months basis. During the interview Mark discusses: How To Find Contrarian Stocks … Read More
In Investing The Counter To Fooled By Randomness Is Fooled By Narrative
https://www.youtube.com/watch?v=IwkEbI1gKmk?start=3044 During his recent interview with Tobias, Corey Hoffsten provides some great insights into how investors can be fooling themselves by coming up with a narrative and then data-mining the facts to fit that narrative, saying: Corey: Yeah, I think it sounds wonderful and flowery and intuitive to say, “Hey, … Read More
How And When You Rebalance Your Portfolio Can Significantly Impact Performance
https://www.youtube.com/watch?v=IwkEbI1gKmk?start=402 During his recent interview with Tobias, Corey Hoffstein was asked about the how and when of rebalancing a portfolio and the impact that timing can have on results. Here’s the question from Tobias and Corey’s insightful response: Tobias: So I find that particularly interesting, and it’s something that you … Read More
When There’s No Pain, There’s No Premium In Investing
https://www.youtube.com/watch?v=IwkEbI1gKmk?start=3529 In his recent interview with Tobias, Corey Hoffstein discusses his no pain, no premium investing strategy, saying: Corey: So this is one of those, it goes back to the old, “No pain, no gain.” It’s just a play on that, but at the end of the day it goes … Read More
(Ep.3) The Acquirers Podcast: Corey Hoffstein – No Pain. No Premium
In Episode 3 of the The Acquirers Podcast, Tobias chats with Corey Hoffstein of Newfound Research. The thing that really stands out about Corey is his risk forward approach to investing. Everyone distrusts back tests but Corey has elevated his distrust into an art form, or at least an investment … Read More
Why Has Value Investing Underperformed?
https://www.youtube.com/watch?v=H7_QJyxr2W0?start=2331 During his recent interview with Tobias, Jake Taylor of Farnam Street provides some great insights into why he thinks value investing has had such a rough time lately, saying: Jake – I think it’s a confluence of factors. I don’t know honestly. If I had to assign how much … Read More
Dispersion In Investing – The Gap Between The Best and Worst Stocks Is Closing
https://www.youtube.com/watch?v=H7_QJyxr2W0?start=2477 During his recent interview with Tobias, Jake Taylor of Farnam Street discusses how the dispersion (gap) between the best and worst stocks is disappearing, saying: So one thing we’ve talked about before I know is this idea of dispersion. So you have the average of how expensive the market … Read More
How To Identify Great Capital Allocators
https://www.youtube.com/watch?v=H7_QJyxr2W0?start=777 During his recent interview with Tobias, Jake Taylor of Farnam Street discusses how investors can spot great capital allocators, saying: – But having said all that yeah there’s so many great cap allocators out there. You know obviously Buffett and Munger are the gold standard at Berkshire. But you … Read More
(Ep.2) The Acquirers Podcast: Jake Taylor – Charlie Munger and The Rebel Allocator
In Episode 2 of the The Acquirers Podcast, Tobias chats with Jacob “Jake” Taylor of Farnam Street Investments. During the interview Jake talks about his new book – The Rebel Allocator, and discusses the secret sauce of business success and investment returns – good capital allocation. He also provides some … Read More
When Good Ideas In Investing Become Dominant They Become Destabilizing
https://www.youtube.com/watch?v=lTVE9ixrzgA?start=3233 During his recent interview with Tobias, Chris Cole of Artemis provided a great anology of what happens when great ideas in investing become dominant, saying: I’m a single guy. I go out and I see a cute girl. I ask for her phone number. That’s taking a risk. Maybe … Read More
As Markets Become More Passive, Volatility Amplifies, And Markets Become More Unstable
https://www.youtube.com/watch?v=lTVE9ixrzgA?start=2264 During his recent interview with Tobias, Chris Cole of Artemis provides some great insights into the impact that passive investing has on market volatility and market instability, saying: Let’s imagine that we go out and I get incredibly drunk. I get crazy drunk, and I am a passive investor. … Read More
Capturing Crisis Alpha – Most Investors Are Not As Diversified As They Think They Are
https://www.youtube.com/watch?v=lTVE9ixrzgA?start=196 During his recent interview with Tobias, Chris Cole explains how to capture crisis alpha and why most investors are not as diversified as they think they are, saying: I have a different philosophy on the world than what is taught in most mainstream finance books which are taught in … Read More
(Ep.1) The Acquirers Podcast: Christopher Cole – Volatility and Crisis Alpha
Here’s a great interview with Tobias speaking to Christopher Cole of Artemis Capital Management. Chris Cole is a 39-year-old hedge fund manager from Texas who uses volatility to provide “crisis alpha.” Cole runs Artemis Capital, a hedge fund that seeks to outperform in a stock market crash–to “generate opportunity from … Read More
Introducing The Acquirers Podcast
We’re launching a new podcast called The Acquirers Podcast. It’s about finding undervalued stocks, deep value investing, hedge funds, activism, buyouts, and special situations. We’re going to uncover the tactics and strategies for finding good investments, managing risk, dealing with bad luck, and maximizing success. We’ll be publishing the first … Read More
Interview with Jesse Felder’s The Felder Report: How to Beat The Little Book that Beats the Market
I had a great time chatting with Jesse Felder on his fantastic The Felder Report. Click on the play button below to listen to the interview: We chat about the market and my new book, The Acquirer’s Multiple: How the Billionaire Contrarians of Deep Value Beat the Market out now on Kindle and paperback.
In case you missed it: Interview with Eric Schleien on The Intelligent Investing Podcast
Earlier this week I did a fun interview with Eric Schleien on The Intelligent Investing Podcast. Click on the play button below to listen to the interview: We talk about value investing and the acquirer’s multiple, including my new book, The Acquirer’s Multiple: How the Billionaire Contrarians of Deep Value Beat the … Read More
How Can We Learn To Follow In The Footsteps of Buffett and Munger? – Mohnish Pabrai
One of our favorite investors here at The Acquirer’s Multiple is Mohnish Pabrai. Pabrai is the Founder and Managing Partner of the Pabrai Investments Funds, the Founder and CEO of Dhandho Funds, and the author of The Dhandho Investor and Mosaic: Perspectives on Investing. One of the best Pabrai interviews … Read More