In his interview at the 5th European Value Investing Conference, Mohnish Pabrai championed a powerful, yet underutilized, strategy for success: shamelessly borrowing other people’s best ideas. He argues that a natural human aversion to cloning creates a significant edge for those willing to adopt it. “What I found is that … Read More
VALUE: After Hours (S07 E40): The Passive Investing Problem No One Talks About: Hidden Risk
During their recent episode, Taylor, Carlisle, and Seth Cogswell discussed The Passive Investing Problem No One Talks About: Hidden Risk. Here’s an excerpt from the episode: Seth: Yes. Which one matters more? I would argue that risk in the long run matters more, because that money matters. People have forgotten … Read More
VALUE: After Hours (S07 E40): Running Oak’s Seth Cogswell on his Efficient Growth Strategy
During their recent episode, Taylor, Carlisle, and Seth Cogswell discussed: The Passive Investing Problem No One Talks About: Hidden Risk Why Apple and Microsoft Could Fall 50–70% and Still Be Overvalued The AI Paradox: Why Tech Burns Cash While Other Sectors Capture the Value AI As An Existential Crisis The … Read More
Amazon.com, Inc. (AMZN): Our Calculation of Intrinsic Value
Each week we run a DCF (Discounted Cash Flow) model on a company from our watchlist. This week’s pick: Amazon.com, Inc. (AMZN). Profile Amazon.com is one of the world’s largest technology and retail platforms, operating through its North America, International, and AWS segments. The company dominates global e-commerce, cloud computing, … Read More
Weekly Investing Roundup – News, Podcasts, Interviews (11/14/2025)
This week’s best investing news: Berkshire Hathaway – Press Release – I’m Going Quiet (BH) Berkshire Hathaway – Press Release – It’s Not Me (BH) ‘Big Short’ investor Michael Burry accuses AI hyperscalers of artificially boosting earnings (CNBC) Cliss Asness Says Markets ‘Gives Me Some Nerves’ (Bloomberg) Ray Dalio – … Read More
MIND C.T.I. Ltd (NASDAQ: MNDO) — Cash-Rich Micro-Cap Software Stock Trading at Deep Value
As part of our ongoing series at The Acquirer’s Multiple, each week we spotlight a stock from our Stock Screeners that might be a deeply undervalued gem hiding in plain sight. This week’s spotlight is MIND C.T.I. Ltd (MNDO) — a small Israeli software company that provides billing, customer care, … Read More
VALUE: After Hours (S07 E39): Why the U.S. Is Still the Best Place for Capital to Grow
During their recent episode, Taylor, Carlisle, and Bogumil Baranowski discussed Why the U.S. Is Still the Best Place for Capital to Grow. Here’s an excerpt from the episode: Bogumil: [laughs] I’ll give away a secret that might not be a secret. But the choice of location is the most important … Read More
Tom Gayner’s Markel Group Q3 2025 13F: Focused Portfolio, Selective Trims, and Full Exits Signal Continued Discipline
In the most recent Q3 2025 13F filing, Tom Gayner’s Markel Group Inc. reported a portfolio valued at $12.32 billion, with the top ten holdings accounting for 40.89 % of total assets. A disciplined capital allocator known for his long-term, quality-at-a-fair-price philosophy, Gayner maintained a largely stable portfolio this quarter, … Read More
VALUE: After Hours (S07 E39): Why Having No Price Target Can Make You a Better Investor
During their recent episode, Taylor, Carlisle, and Bogumil Baranowski discussed Why Having No Price Target Can Make You a Better Investor. Here’s an excerpt from the episode: Bogumil: It has to be pushed out by a better idea. I used to be much more sensitive on the valuation side, and … Read More
Energy and Financials Lead This Week’s Deep Value Screen
Energy and Financials continue to anchor the deep-value landscape in this week’s screen. On the Financials side, Synchrony Financial (SYF) leads again with an Acquirer’s Multiple (AM) of 2.4 and a striking ~36.2% free cash flow yield, reflecting the market’s persistent discount on credit-exposed lenders despite consistent profitability and disciplined … Read More
VALUE: After Hours (S07 E39): Forgotten Money and Forgotten Stocks: The Peaceful Portfolio Concept
During their recent episode, Taylor, Carlisle, and Bogumil Baranowski discussed Forgotten Money and Forgotten Stocks: The Peaceful Portfolio Concept. Here’s an excerpt from the episode: Bogumil: Yeah. I think what I’m looking for, it’s a certain gap between reality and perception. I think you can find that gap between across … Read More
Warren Buffett’s Farewell Letter: Passing the Torch to Greg Abel and Reflecting on 95 Years of Luck and Lessons
In his November 10, 2025 Press Release, Warren Buffett opened with characteristic modesty and humor, writing, “I will no longer be writing Berkshire’s annual report or talking endlessly at the annual meeting. As the British would say, I’m ‘going quiet.’ Sort of.” It marked the beginning of a generational handoff … Read More
VALUE: After Hours (S07 E39): I’m a Value Buyer but a Growth Holder
During their recent episode, Taylor, Carlisle, and Bogumil Baranowski discussed I’m a Value Buyer but a Growth Holder. Here’s an excerpt from the episode: Bogumil: I love the labels, as you can imagine. I call myself– [laughs] If you really corner me, I’m going to say I’m a value buyer, … Read More
VALUE: After Hours (S07 E39): Bogumil Baranowski on Freedom, Mindfulness, Patience, and the Art of Investing
During their recent episode, Taylor, Carlisle, and Bogumil Baranowski discussed: I’m a Value Buyer but a Growth Holder Forgotten Money and Forgotten Stocks: The Peaceful Portfolio Concept Why Having No Price Target Can Make You a Better Investor Why the U.S. Is Still the Best Place for Capital to Grow … Read More
American Express Company (AXP): Our Calculation of Intrinsic Value
Each week we run a DCF (Discounted Cash Flow) model on a company from our watchlist. This week’s pick: American Express Company (AXP). Profile American Express is one of the world’s leading integrated payments companies, providing charge and credit card products, travel-related services, and global merchant processing. Its powerful brand, … Read More
Weekly Investing Roundup – News, Podcasts, Interviews (11/07/2025)
This week’s best investing news: Howard Marks Memo: Cockroaches in the Coal Mine (OakTree) Berkshire Hathaway Q3 2025 earnings summary (BH) Berkshire Hathaway Q3 2025 earnings report (BH) Chris Bloomstran‘s discussion of Berkshire Hathaway’s Q3 2025 earnings (CB) Jeffrey Gundlach & David Rosenberg on the Macro Outlook, Bonds and Inflation … Read More
VALUE: After Hours (S07 E38): Leon’s Furniture: Canada’s Durable Retail Giant
During their recent episode, Taylor, Carlisle, and Adam Wilk discussed Leon’s Furniture: Canada’s Durable Retail Giant. Here’s an excerpt from the episode: Tobias: Can you walk us through the furniture? Jake: That’s the one you pick? [laughter] Adam: Absolutely. Yeah. No, it’s interesting. It’s interesting. Tobias: I’ll tell you why … Read More
Meta Platforms, Inc. (META): Our Calculation of Intrinsic Value
Each week we run a DCF (Discounted Cash Flow) model on a company from our watchlist. This week’s pick: Meta Platforms, Inc. (META). Profile Meta Platforms is the world’s leading social technology company, operating a family of apps including Facebook, Instagram, WhatsApp, and Messenger, alongside its emerging virtual and augmented … Read More
Weekly Investing Roundup – News, Podcasts, Interviews (10/31/2025)
This week’s best investing news: Howard Marks Memo: A Look Under the Hood (OakTree) Cliff Asness on Factor Investing and the History of Financial Economics (Hoover) Ray Dalio: Market is showing signs of a bubble (CNBC) The Rise of Alternatives (Verdad) A Conversation With Ken Griffin (Citadel) Paul Tudor Jones: … Read More
Global Ship Lease (GSL): Compelling Deep-value Opportunity In The Transportation Sector
As part of our ongoing series at The Acquirer’s Multiple, each week we spotlight a stock from our Stock Screeners that might be a deeply undervalued gem hiding in plain sight. This week’s spotlight is Global Ship Lease, Inc. (GSL) — a containership charter owner with long-term, fixed-rate contracts providing … Read More