Summary In this episode of The Acquirer’s Podcast Tobias chats with Adrian Saville, who is the CEO and founder of Cannon Asset Managers in South Africa. Since the mid-1990’s Adrian has been running portfolios full of unloved but good businesses which have returned an average of 19.8%. During the interview he … Read More
How To Find Great Investment Opportunities In Closely Held Micro-Caps
During his recent interview with Tobias, small cap value manager Eric Cinnamond discusses how investors can find great investment opportunities in closely held micro-caps. Here’s an excerpt from the interview: Tobias Carlisle: What sort of industries are you finding opportunities in? What sort of companies, can you talk about names? … Read More
There’s A Lot Of Value In Cyclical Commodity Stocks, But You Have To Use A Different Valuation Method
During his recent interview with Tobias, small cap value manager Eric Cinnamond discusses how value investors can find opportunites in cyclical commodity stocks but it’s important to use a different valuation method. Here’s an excerpt from the interview: Eric Cinnamond: Why do you think cyclicals are not appreciated by most … Read More
Great Value Investors Have A Willingness To Look Stupid
During his recent interview with Tobias, small cap value manager Eric Cinnamond discusses how great value investors have a willingness to look stupid. Here’s an excerpt from the interview: Tobias Carlisle: It’s been a very rough five years for valuations just because it’s been such a long cycle where value … Read More
(Ep.18) The Acquirers Podcast: Eric Cinnamond – Small Value, Absolute Return Small Cap Value Management
Summary In this episode of The Acquirer’s Podcast Tobias chats with Eric Cinnamond, Founder and Co-Chief Executive Officer at Palm Valley Capital. In 2016 he closed down a $400 million fund and returned money to investors because he believed he couldn’t find value for his clients. During the interview he … Read More
The Small Investor Advantage – Being Able To Make One’s Own Investing Decisions
During his recent interview with Tobias legendary Australian fund manager Peter Simpson-Morgan, who ran Perpetual, discusses the small investor advantage and the importance for investors to be able to make their own investing decisions saying: Tobias Carlisle: How was that period of time? Peter Simpson-Morgan: Well, it’s…again, sorry to do … Read More
Activism, Done Correctly, Protects Shareholders From Stupid Management Decisions
During his recent interview with Tobias legendary Australian fund manager Peter Simpson-Morgan, who ran Perpetual, discusses his approach to activism and the importance of protected shareholders from stupid management decisions saying: Peter Simpson-Morgan: It was entrepreneurial sort of start. And as we grew, I…again, not trying to be arrogant with … Read More
(Ep.17) The Acquirers Podcast: Peter Simpson-Morgan – Aussie Lynch, Peter Lynch-Style Investing In Australia
Summary In this episode of The Acquirer’s Podcast Tobias chats with Peter Simpson-Morgan, a legendary Australian fund manager who ran Perpetual managing $13 billion dollars until he started his own firm 452 Capital. Peter provided some great insights into: – The Differences In The Australian Market vs The US – … Read More
Investors Don’t Need Benchmark Comparisons, The Starting Point Is Not To Lose Money
During his recent interview with Tobias legendary Australian fund manager Peter Simpson-Morgan, who ran Perpetual, discusses why investors shouldn’t use benchmark comparisons, sharpe ratios, and the like saying: Tobias Carlisle: So, you no longer have multi-billions of dollars that you have to get into the companies, and you don’t have … Read More
Investor Biases Can Cause You To Miss Some Of The Best Opportunities
During his recent interview with Tobias, Peter Rabover, who is the Portfolio Manager at Artko Capital LP, discusses how investor biases can cause you to miss some of the best opportunities. Here’s an excerpt from the interview: Tobias Carlisle: So let’s talk a little bit about how you identify opportunities. … Read More
How Can Investors Find Opportunities In The Small & Micro-Cap Universe
During his recent interview with Tobias, Peter Rabover, who is the Portfolio Manager at Artko Capital LP, discusses how investors can find opportunities in the small & micro-cap universe saying: Tobias Carlisle: When you’re looking at your opportunity set, I see in your presentation you divided into, you’ve got sort … Read More
Micro-Cap Investing Is Like Quasi Private Equity Investing Which Provides Significant ‘Early’ Investment Opportunities
During his recent interview with Tobias, Peter Rabover, who is the Portfolio Manager at Artko Capital LP, discusses how micro-cap investing is like quasi private equity investing and how that provides significant ‘early’ investment opportunities. Here’s an excerpt from the interview: Tobias Carlisle: So, you said before you … Did … Read More
(Ep.16) The Acquirers Podcast: Peter Rabover – Russian Bear, Concentrated Microcaps And Special Situations
Summary In this episode of The Acquirer’s Podcast Tobias chats with Peter Rabover, who is the Portfolio Manager at Artko Capital LP. Peter invests in small/micro cap companies and special situations within a concentrated portfolio. He provided some great insights into: – Why I Have A Bear In The Background … Read More
What Can Investors Learn From Buffett’s Pivot On Airlines As An Investment
During his recent interview with Tobias, Bill Brewster who runs Sullimar Capital Group says, investors can learn a lot from Warren Buffett’s pivot on airlines as an investment. Here’s an excerpt from the interview: Tobias Carlisle: That’s where I spend my time. Let’s talk about airlines a little bit, because … Read More
If There’s A Wall Street Analyst Hammering A Company, Investors Really Need To Know Why Before Taking The Other Side
During his recent interview with Tobias, Bill Brewster who runs Sullimar Capital Group says, if there’s a Wall Street analyst hammering a company, investors really need to know why, before taking the other side. Here’s an excerpt from the interview: Tobias Carlisle: Well, let’s change gears again. I don’t mean … Read More
Phil Fisher’s Scuttlebutt Can Still Be Used To Find Great Opportunities Today
During his recent interview with Tobias, Bill Brewster, who runs Sullimar Capital Group demonstrates how Phil Fisher’s scuttlebutt can still be used to find great opportunities today. Here’s an excerpt from the interview: Tobias Carlisle: Let’s talk about Ubiquiti. What’s the story there and how did you find it? How … Read More
(Ep.13) The Acquirers Podcast: Jim O’Shaughnessy – What Works, Legendary Entrepreneur, Investor And Author
Summary In this episode of The Acquirer’s Podcast Tobias chats with Jim O’Shaughnessy. Jim is Chairman and Co-Chief Investment Officer at O’Shaughnessy Asset Management (OSAM). He is also the author of the investment classic, What Works On Wall Street. During the interview Jim provides some great insights into: – Why … Read More
Investors Need A Set Of Written Rules To Follow – Dumb Rules Are Better Than No Rules
During his recent interview with Tobias, Michael Batnick of Ritholz Weath Management discusses the importance of having written rules to follow in order to be successful in investing, saying: I’m also a big believer in having written rules, and I had no such rules when I was doing it, but … Read More
In Investing Knowing What Not To Do And Not Doing It Are Two Separate Things
During his recent interview with Tobias, Michael Batnick of Ritholz Wealth Management discusses some of the big mistakes that have been made by successful investors. Michael makes the point that while these investors knew what not to do, knowing what not to do and not doing it are two separate … Read More
(Ep.6) The Acquirers Podcast: Michael Batnick of Ritholz Wealth Management – Big Mistakes, The Best Investors And Their Worst Trades
Summary In Episode 6 of The Acquirer’s Podcast, Tobias interviews Michael Batnick, the Director of Research at Ritholz Wealth Management and author of Big Mistakes: The Best Investors and Their Worst Investments. During the interview Michael discusses: How He First Met Josh Brown (Author of The Reformed Broker Blog) Some … Read More