Here is a list of this week’s best investing reads: My Berkshire Hathaway Reflections (Farnam Street) The U.S. Stock Market’s Impressive Outperformance May Be Coming To An End (The Felder Report) More Than Never. Less Than Always (A Wealth of Common Sense) The Most Hated Tax Cut Ever? (The Reformed Broker) The What-Ifs (The Irrelevant Investor) Buffett at his Best (csinvesting) Some Things I’m Pretty Sure About (Collaborative Fund) My Interview with Farnam Street’s Shane … Read More
This Week’s Best Investing Reads
Here is a list of this week’s best investing reads: EVERYTHING You need to understand Markets (csinvesting) First Principles: The Building Blocks of True Knowledge (Farnam Street) Why We May Be Headed For Another ‘Minsky Moment’ (The Felder Report) Here We Go Again? (The Irrelevant Investor) Will it hold? (The Reformed Broker) How the Bear Stearns Meltdown Wrecked Something More Valuable than Money (Jason Zweig) First Eagle Investment Management: Income Builder through … Read More
Active Managers Shifting To Smaller, More Focused Portfolios To Achieve Outperformance
Here’s a great article at Bloomberg that discusses the changing landscape for active investors. The article reports that more and more active managers are moving to smaller, more focused portfolios. The logic behind the shift is that a smaller, more focused portfolio is more likely to achieve outperformance as it deviates away from the so-called ‘benchmark hugging’ style portfolios which … Read More
This Week’s Best Investing Reads
Here is a list of this week’s best investing reads: Break the Chain: Stop Being a Slave (Farnam Street) Yeah I said it (The Reformed Broker) The Limits to Data (The Irrelevant Investor) The Stock Market’s Most Popular ETF Puts In A Long-Term ‘Spinning Top’ (The Felder Report) How to Talk to People About Money (Collaborative Fund) Jimmy John’s & Warren Buffett’s 10 Rules (ValueWalk) Regression to Lumpy Returns (A Wealth … Read More
This Week’s Best Investing Reads
Here is a list of this week’s best investing reads: On The One Hand… (A Wealth of Common Sense) Sometimes This Sucks (The Irrelevant Investor) Transition (The Reformed Broker) It’s Not Just LIBOR Pointing To Rising Financial Stress (The Felder Report) So Two Stoics Walk Into a Bar… (Farnam Street) Why We Listen To Bad Forecasts (Collaborative Fund) How Warren Buffett makes money: Berkshire Hathaway business model (Financial Express) What’s Cheap? A … Read More
Todd Combs: The Billionaire Whisperer
Here’s a great article at Bloomberg about Todd Combs titled – The Billionaire Whisperer Who United Bezos, Buffett and Dimon. The article provides some great insights into Combs, the young hedge fund manager who runs a significant portion of Berkshire’s investment portfolio, and is being heavily touted as Buffett’s successor. Here is an excerpt from the article: Todd Combs spends most … Read More
Ed Thorp: The Best Thing You Can Do Is To Educate Yourself To Think Clearly And Rationally
Here’s a great interview with Ed Thorp at Barron’s in which Thorp discusses how he was able to beat the casinos. How the stock market is like a casino. His current portfolio. And some of the important lessons he’s learnt in investing. Here is an excerpt from that article: In 1962, the young writer Tom Wolfe wrote a sympathetic profile … Read More
This Week’s Best Investing Reads
Here is a list of this week’s best investing reads: Finding Deep Value Stocks with the Acquirer’s Multiple (blog.validea.com) Understanding Speed and Velocity: Saying “NO” to the Non-Essential (Farnam Street) Some Perspective on Investing Advice (A Wealth of Common Sense) The Easy Pickings (The Irrelevant Investor) How The Passive Investing Mania Undermined Its Most Basic Assumption, Part Deux (Jesse Felder) It Takes Two (The Reformed Broker) Investing is Hard (MicroCapClub) Expectations vs. Forecasts (Collaborative … Read More
This Week’s Best Investing Reads
Here is a list of this week’s best investing reads: Goldilocks And The Liquidity Bears (The Felder Report) The Race to A Trillion (The Irrelevant Investor) What Really Fueled The Bull (The Reformed Broker) Half Life: The Decay of Knowledge and What to Do About It (Farnam Street) The Power of Narrative (A Wealth of Common Sense) Ironies of Luck (Collaborative Fund) Stoic Philosophy as seen through Shawshank Redemption; Hickey (csinvesting) Superinvestors and … Read More
This Week’s Best Investing Reads
Here’s a list of this week’s best investing reads: Now or Later? (The Irrelevant Investor) Fear and Greed are Undefeated (The Reformed Broker) Friction: The Hidden Reality of What Holds People Back (Farnam Street) Some Finance Phrases I Find Annoying (A Wealth of Common Sense) Spinoffs – A Favorite Of Joel Greenblatt (ValueWalk) How a volatile stock market turns investors into gamblers (Vitaliy Katsenelson) 3 Common Mistakes Investors Make On Wall Street (Forbes) … Read More
This Week’s Best Investing Reads
Here is a list of this week’s best investing reads: Questions For the Next Bear Market (A Wealth of Common Sense) The Falling Marginal Productivity of Debt (csinvesting) The ‘Index Of The Volume Of Speculation’ Hits A New Record High (The Felder Report) Why Doesn’t More Money Make Us Happy? (The Irrelevant Investor) The Next Warren Buffett Will Be a Woman (Bloomberg Gadfly) Philip Carret, Value Investor on Wall … Read More
This Week’s Best Investing Reads
Here is a list of this week’s best investing reads: Changes in the Finance Industry; A Hatchet Job on Buffett (csinvesting) Your First Thought Is Rarely Your Best Thought: Lessons on Thinking (Farnam Street) Decision Regret (A Wealth of Common Sense) Defeating Nonsense with Evidence (The Reformed Broker) Amazon Adds A McDonald’s In Market Cap In The Month Of January (The Felder Report) Changes (The Irrelevant Investor) Compounding is the 8th Wonder … Read More
WSJ: It Might Finally Be Value Stocks’ Time to Shine
Here’s a great article at the WSJ which discusses the possibility of a value investing comeback in 2018. Here’s an except from that article: A little volatility might be what value stocks need to get their mojo back. Such stocks–which tend to have slow but steady earnings growth and cheap valuations–vastly underperformed their pricier growth counterparts globally last year, compounding … Read More
This Week’s Best Investing Reads
Here’s a list of this week’s best investing reads: The Drawbacks of Behavioral Finance During a Market Correction (A Wealth of Common Sense) Winning the Battle, Losing the War (Farnam Street) Passive My A** (The Reformed Broker) Warren Buffett Shares Stories About Two Remarkable Immigrant Small Business Owners (Yahoo Finance) Why Investors Truly Have ‘Nothing To Fear But Fear Itself’ (The Felder Report) 35 Steps To a Market Bottom (The … Read More
Forbes: Market Shift Coming – Value Stocks Overtake Growth In 2018
Here’s a great article at Forbes that discusses the possibility of value investing overtaking growth in 2018. Here’s an excerpt from that article: Since March 2009, growth and value stocks have pushed the U.S. stock market forward, with the two categories swapping leadership along the way. Until 2017, that is, when growth left value in the dust. Now it looks … Read More
Market Volatility Is A Value Investor’s Best Friend
Here’s a great article by Gary Smith at MarketWatch. Smith, the author of “Money Machine: The Surprisingly Simple Power of Value Investing” illustrates how market volatility provides great opportunities for value investors saying: “In fact, stock market volatility is a value investor’s best friend. Stock prices fluctuate far more than justified by the underlying fundamentals, in that the volatility of … Read More
This Week’s Best Investing Reads
Here is a list of this week’s best investing reads: Making the Most of Second Chances (Farnam Street) It’s Not Too Late (A Wealth of Common Sense) We’ve Just Had a Taste of What the Tightening Will Be Like (Ray Dalio) What Investors Should Be Thinking Right Now (The Reformed Broker) A Few Charts And A Few Thoughts (The Irrelevant Investor) Gold Fireworks On The Horizon (The Felder Report) A New … Read More
Morningstar: Value Investing: Patience Will Be Rewarded
Here’s a great article from Morningstar which discusses the importance of patience as a value investor. One of the key takeaways is: “However, by anchoring investment decisions to value, we can navigate challenging circumstances and look through market noise and emotion to identify and take advantage of opportunities that may present in times of market stress. This often sees our … Read More
Burton Malkiel – How to Invest in an Overpriced World
Here’s a great article at the WSJ by Burton Malkiel, author of A Random Walk Down Wall Street and Chief Investment Officer of Wealthfront. Malkiel provides two strategies that might be worth considering in an overpriced world saying: “What, then, can an investor do to control risk? The two strategies that work are broad diversification and rebalancing.” Here’s an excerpt from … Read More
This Week’s Best Investing Reads
Here’s a list of what we’ve been reading here at The Acquirer’s Multiple this week: Acquirer’s Multiple, Yog Berra and Financial Satire, and Hedge Fund Quiz (csinvesting) Bayes and Deadweight: Using Statistics to Eject the Deadweight From Your Life (Farnam Street) What To Do When Your Stocks Are Soaring? (A Wealth of Common Sense) Markets Can Never Be Perfectly Efficient (The Irrelevant Investor) Sir Isaac Newton: Scientific Genius, … Read More