Bruce Greenwald – The Quintessential Starting Point For All Value Investors

Johnny HopkinsBruce Greenwald Comments

One of our favorite finance professors here at The Acquirer’s Multiple is Bruce Greenwald. Greenwald holds the Robert Heilbrunn Professorship of Finance and Asset Management at Columbia Business School and is the academic Director of the Heilbrunn Center for Graham & Dodd Investing. Described by the New York Times as “a guru to Wall Street’s gurus,” Greenwald is an authority on … Read More

The Value Stock Comeback Could Be A Bad Sign For The Market – CNBC

Johnny HopkinsValue Investing News Comments

Here’s an interesting article by Rebecca Ungarino at CNBC which highlights a shift in the trend from growth stocks to value stocks and some of the reasons why. Here’s an excerpt from that article: After broad underperformance for most of this year, value stocks are beginning to outpace growth stocks. To some, that’s a bad sign for the overall market. Growth began … Read More

Johnny’s TAM Portfolio Up 10.68%

Johnny HopkinsAcquirer's Multiple Returns Comments

stock screener

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 drops to date include Applied Genetic Technologies Corp (NASDAQ:AGTC) down … Read More

Is Value Investing Dead? It Depends on How You Measure It – WSJ

Johnny HopkinsValue Investing News, Wes Gray Comments

Here’s a great article by Wes Gray at the Wall Street Journal which demonstrates that value investing is not dead. It just depends on which metrics you use to measure its performance. Wes Gray is the CEO and CIO of Alpha Architect, a quantitative asset manager based near Philadelphia. Here’s an excerpt from that article: Is value investing dead? It’s a question … Read More

The One Thing All Value Investors Can Do To Get You Halfway Home – Irving Kahn

Johnny HopkinsInvesting Strategy Comments

One of our favorite value investors here at The Acquirer’s Multiple is Irving Kahn. Kahn was the Chairman at Kahn Brothers Group which he founded in 1978. He began his career in the value investing business shortly before the stock market crash of 1929, and, in the 1930s, he served as Benjamin Graham’s teaching assistant at Columbia Business School. The … Read More

Beaten Down Value Stocks Are Less Riskier Than You Think, Here’s Why – Josef Lakonishok

Johnny HopkinsJosef Lakonishok Comments

Of of the firms we follow closely here at The Acquirers Multiple is LSV Asset Management. Josef Lakonishok is the Chief Executive Officer and Chief Investment Officer of LSV Asset Management where he heads the research and investment team and is involved in all portfolio management and research functions. Lakonishok’s work has received many awards, including the Roger F. Murray … Read More

Nice Portfolio, Shame About The Human Running It

Johnny HopkinsInvesting Strategy Comments

James Saft at the Globe and Mail illustrates how an investor’s behaviour can be one of the biggest risks facing a successful investing strategy. Here’s an excerpt from that article: Investors hate two things above all else: losing money and missing out. The tension between the two, the fear of loss and the fear of doing less well than one’s neighbour, … Read More