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. An excerpt from that article: In 1962, the … Read More
Mohnish Pabrai – “Stop Losses Make No Sense” – Here’s Why
Mohnish Pabrai recently did a great interview with BloombergQuint, the Indian financial news organisation. While Pabrai has said many times that he’s not a fan of stop-losses, in this interview he provides a great example of how stop-losses can seriously hurt your performance. Here’s an excerpt from the interview: Pabrai: … Read More
Damodaran, Fisher & Steinhardt On Successful Contrarian Investing
While a lot has been written about the importance of going against the herd in order to be a successful investor, it’s important to remember what a couple of very successful investors and one finance professor had to say on the subject. A long time ago, famous value investor Philip … Read More
Michael Burry – Search For Unpopular Companies That Look Like Road Kill
One of our favorite value investors here at The Acquirer’s Multiple is Michael Burry. Burry was the founder of the hedge fund Scion Capital, which he ran from 2000 until 2008. He later closed the fund to focus on his own personal investments. Burry was one of the first investors to … Read More
Ron Muhlenkamp – The 3 Year Rule That Reduces The Volatility In Your Portfolio
Most investors check their portfolio every day or every week to see how it’s performing. The problem with that is that the patience of these investors is often exhausted with the inevitable short-term swings in the market. This eventually leads to investors losing their nerve and acting on the short-term … Read More
Johnny’s TAM Portfolio Up 10.68%
Here’s an update on my Acquirer’s Multiple (TAM) Live Portfolio. As you can see below, my TAM Portfolio is up 10.68% since inception. Largest gains to date have come from Global Sources Ltd. (Bermuda) (NASDAQ:GSOL) up 142%, Fiat Chrysler Automobiles NV (NYSE:FCAU) up 134%, and FreightCar America, Inc (NASDAQ:RAIL) up 82%. Biggest … Read More
20 Timeless Investing Lessons From Joel Greenblatt
One of our favorite investors here at The Acquirer’s Multiple is Joel Greenblatt. Greenblatt is the Managing Partner of Gotham Capital, a hedge fund that he founded in 1985, and a Managing Principal of Gotham Asset Management. He is also the author of four books, You Can Be A Stock … Read More
Undervalued Continental Materials Corp Trading At 25% Discount to TBV
One of the cheapest stocks in our Acquirer’s Multiple, Small & Micro Cap – Stock Screener is Continental Materials Corporation (NYSEMKT:CUO). With a market cap around $34 million, few investors have ever heard of this undervalued nano-cap. Continental Materials Corporation (Continental) produces and sells heating, ventilation, and air conditioning (HVAC) products; and construction … Read More
Undervalued InterDigital, Inc, Well Positioned For Growth In 5G And The IoT
One of the cheapest stocks in our All Investable – Stock Screener is InterDigital, Inc. (NASDAQ:IDCC). InterDigital Inc (InterDigital) designs and develops advanced technologies that enable and enhance wireless communications and capabilities. Since 1972, InterDigital engineers have designed and developed a wide range of innovations that are used in digital cellular and wireless … Read More
Undervalued Vectrus Inc, FCF/Price Yield 15%, Solid Prospective Pipeline and Backlog
One of the cheapest stocks in our All Investable – Stock Screener is Vectrus Inc (NYSE:VEC). With a market cap of $240 million, this micro-cap remains undiscovered by a lot of investors and too small for investment by large institutions. Vectrus provides infrastructure asset management, information technology and network communication services, and logistics … Read More
Undervalued Micro-Cap Network-1 Technologies Inc, FCF/EV Yield 134%
One of the cheapest stocks in our Small & Micro Cap – Stock Screener is Network-1 Technologies Inc (NYSEMKT:NTIP). With a market cap around $89 million, very few investors have ever heard of this great little company. Network-1 Technologies Inc (Network-1) has a remarkable record of taking on and beating technology behemoths like … Read More
Mohnish Pabrai – Value Is Its Own Catalyst – The Market Is a Weighing Machine
One of our favorite investors at The Acquirer’s Multiple is Mohnish Pabrai. Mohnish 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. He’s one of the smartest guys on the … Read More
Allan Mecham – Look for Cockroachlike Businesses
One of my favorite investors is Allan Mecham. Mecham is a value investing legend that flies under the radar. You’re probably asking, Who is Allan Mecham? Forbes wrote an article about him called, Is This The Next Warren Buffett? Marketwatch wrote an article about him titled, The 400% Man, but most investors have never heard of him. … Read More
Mohnish Pabrai | Which Out-of-Favor Stocks Will Continue To Outperform
In the past couple of weeks I’ve written a number of articles on out-of-favor stocks that appear in our Large Cap 1000 Screener (which you can access for free here). The latest out-of-favor industries are autos and airlines and the two stocks I wrote about in particular were Fiat Chrysler Automobiles … Read More
The Acquirer’s Multiple Deep Value Stock Portfolio up 20.87%
Just a quick update on my TAM Deep Value Stock Portfolio. At the end of last week the portfolio was up 20.87%. As you can see below there’s been particularly strong performances from Bridgepoint Education Inc (NYSE:BPI), FreightCar America, Inc. (NASDAQ:RAIL) and American Public Education, Inc. (NASDAQ:APEI) all of which are up 56.27%, 46.82% and 34.10% … Read More
(New Link) – Still The Best Article Ever Written on Stock Picking – Charles Munger
First of all, my apologies! Last week I published an article called, Still The Best Article Ever Written on Stock Picking by Charles Munger. Then, for some incomprehensible reason I decided to move the article. Don’t ask me why! Anyway, this lead to dozens of emails from people asking me for the … Read More
In Spite of The Recent Trend, There’s Lots More Growth To Come – IDT Corporation (IDT)
One of the best performing stocks in our All Investable Screener, which you can register for here, is IDT Corporation (NYSE:IDT). IDT Corporation, through its IDT Telecom division, provides telecommunications and payment services to individuals and businesses primarily through its flagship BOSS Revolution® and Net2Phone (NTOP)®brands. IDT Telecom’s wholesale business is … Read More
Undervalued Stocks | Argan, Inc. (NYSE:AGX)
Argan, Inc. is a holding company that conducts operations through its wholly-owned subsidiaries, GPS, APC, SMC and TRC. Through GPS and APC, Argan provides a full range of engineering, procurement, construction, commissioning, operations management, maintenance, development, technical and consulting services to the power generation and renewable energy markets for a wide range … Read More
What Does It Take To Be A Successful Contrarian Value Investor – John Rogers
(Image Credit, cnbc.com) John Rogers is a true contrarian value investor. In 1983, Rogers founded Ariel Investments headquartered in Chicago. Since its inception, Ariel Investments has grown from 2 to 88 employees with $10.7 billion in Assets Under Management (2015). In 2008, he was awarded Princeton University’s highest honor, the Woodrow … Read More
The Lehman Brothers $1.1 Billion Discrepancy, “Accounting Ingenuity” – David Einhorn
(Image Credit, forbes.com) David Einhorn is one of most famous hedge fund managers on the planet and a master of company analysis. He’s the founder and president of Greenlight Capital, a “long-short value-oriented hedge fund”, which he started in 1996 with $900,000. The fund now has $9.27 Billion in assets under … Read More