One of my favorite investors is Seth Klarman, and one of the best books ever written on investing is, Margin of Safety by Seth Klarman. Such is the popularity of Margin of Safety that at the time of writing there are 22 used copies selling for $838 and 3 new copies selling … Read More
The Importance of Ignoring the Crowd – Western Refining, Inc. (WNR)
One of the things we’re always talking here at The Acquirer’s Multiple is the importance of buying undervalued stocks, and ignoring the crowd, while all around you are looking at you quizzically. One great example of this is a Western Refining, Inc. (NYSE:WNR). Take a look at the share price … Read More
Returns to The Acquirer’s Multiple® Screeners and The Best Value Stocks
[View the story “Week Beginning November 21st, 2016” on Storify]
The Acquirer’s Multiple Deep Value Stock Portfolio up 19.99%
Just a quick update on my TAM Deep Value Stock Portfolio. Today, the portfolio is up 19.99%. As you can see below there’s been particularly strong performances from Bridgepoint Education Inc (NYSE:BPI) and FreightCar America, Inc. (NASDAQ:RAIL) both up 46.27% and 32.30% respectively. Together with American Public Education, Inc. (NASDAQ:APEI) which is up 18.46%. Company TICKER … Read More
The Reason We Underperform – Markets Have Evolved Faster Than Humans
One of my favorite studies on investor behavior was conducted about ten years ago in the journal Psychological Science, conducted by a team of researchers from Carnegie Mellon University. The study highlights, what kept humans safe from Tyrannosaurus Rex is what drives us to under-performance in the stock market today. Here’s an article … Read More
Value Investing Regains Favor in Europe (WSJ)
Good news for value investors it seems with what looks like a return to value investing in Europe. I’ve just finished reading an article by Mike Bird at the Wall Street Journal which indicates a shift back to value investing strategies in the Eurozone.
What Works in Investing – Bill Miller (Legg Mason Capital Management)
One of my favorite podcasts is Barry Ritholtz’s Masters in Business. This week I listened to his interview with legenday investor Bill Miller. Miller is a legendary stock picker who beat the Standard & Poor’s 500 Index for 15 consecutive years while managing a fund at Legg Mason Capital Management. This is a … Read More
Here’s Why Warren Buffett is Buying Airline Stocks
Unless you’ve been living on another planet, you’ll know that CNBC reported Berkshire Hathaway recently released SEC filings showing that the company has taken a stake in three of the four major airline companies — American Airlines, United Continental Holdings and Delta Air Lines. CNBC also reported exclusively that Berkshire also … Read More
Do value investors collectively generate value from their efforts or is it “fool’s gold” – Aswath Damodaran
The best series of posts ever written on whether value investors collectively generate value from their efforts or if it’s just “fool’s gold”, was written by Aswath Damodaran on his blog Musings on Markets. Damodaran holds the Kerschner Family Chair in Finance Education and is Professor of Finance at New York University Stern … Read More
Returns to The Acquirer’s Multiple® Screeners and The Best Value Stocks
[View the story “Week Beginning November 14th, 2016” on Storify]
The Acquirer’s Multiple Deep Value Stock Portfolio up 18.45%
Just a quick update on my TAM Deep Value Stock Portfolio. Today, the portfolio is up 18.45%. As you can see below there’s been particularly strong performances from Bridgepoint Education Inc (NYSE:BPI) and FreightCar America, Inc. (NASDAQ:RAIL) both up 34.63% and 39.56% respectively. Together with American Public Education, Inc. (NASDAQ:APEI) which is up 15.64%. Company TICKER … Read More
Here’s Why Einhorn, Soros, Gabelli and Greenblatt are Interested in Humana Inc (HUM)
One of the best performing stocks in our Large Cap 1000 Screener, which you can register for free here, is Humana Inc (NYSE:HUM). If you check out the Guru Trades on gurufocus.com you’ll notice that there’s been interest in Humana from some of the biggest names in the investment world. Humana Inc., together with its … Read More
The Importance of Following an Evidence Based Process – Moneygram International Inc (MGI)
Back in December 23, 2015 I wrote about a stock in our All Investable Screener, which you can register for here, called Moneygram International Inc (NASDAQ:MGI). You can read the article here. MoneyGram International, Inc. (MoneyGram) is of course the money transfer and payment services company. As you can see (below), at the … Read More
Buy Groups of Stocks That Meet Some Simple Criterion for Being Undervalued – Benjamin Graham
One of my favorite Benjamin Graham interviews was one he did with Hartman L. Butler, Jr., C.F.A. in 1976. Graham discusses a number of topics including how to successfully think like an investor, writing Security Analysis, index funds, and the efficient market theory. But my favorite piece includes his thoughts … Read More
Charlie Munger Presentation at CalTech – Funny & Brilliant
One of my favorite Charles Munger presentations is one that he did for the folks at Caltech. It’s a much watch for all investors.
(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
Great Undervalued Small Cap Generating Loads of Free Cashflow = FutureFuel Corp. (FF)
One of the best-performing stocks in our All Investable Screener, which you can register for here, is FutureFuel Corp. (NYSE:FF). FutureFuel Corp., through its subsidiaries, manufactures and sells diversified chemical products, bio-based products, and bio-based specialty chemical products in the United States and internationally. It operates in two segments, Chemicals and Biofuels. … 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
How To Select The Right Discount Rate – Margin of Safety – Seth Klarman
One of the best investors on the planet is Seth Klarman, and one of the best books ever written on investing is, Margin of Safety by Seth Klarman. Such is the popularity of Margin of Safety that at the time of writing there are 19 used copies selling for $878 and … Read More
Returns to The Acquirer’s Multiple® Screeners and The Best Value Stocks
[View the story “Week Beginning November 7th, 2016” on Storify]