During their recent episode, Taylor, Carlisle, and Jason Hirschman discussed Why Micro-Caps Are Attractive. Here’s an excerpt from the episode: Tobias: I think that’s a pretty good answer. I like that approach to its sizing helps you deal with that sort of risk. Talk to us a little bit about ... Read More| The Acquirer's Multiple®
In a recent interview on WealthTrack, John Spears of Tweedy, Browne shared the empirical research that led to the creation of their new ETF. “The big thing I think that tipped the scales was the empirical research that had been done before by Professor Seyhun,” Spears explained. The findings were ... Read More| The Acquirer's Multiple®
During their recent episode, Taylor, Carlisle, and Jason Hirschman discussed Lessons from the XPEL Investment. Here’s an excerpt from the episode: My question is for XPEL. So, XPEL is a slightly different situation where it’s a newer business. They have similar crisis, but more directly related to their core business. ... Read More| The Acquirer's Multiple®
During their recent episode, Taylor, Carlisle, and Jason Hirschman discussed Blending Value and Growth Opportunities. Here’s an excerpt from the episode: Second, should you be a value investor or growth investor? I think the best opportunities tell you the answer. Value of growth? I think the answer is yes. Again, ... Read More| The Acquirer's Multiple®
U.S. equities posted another month of gains in August, extending a four-month winning streak for the S&P 500® despite a sharp sell-off on the final trading day. According to the U.S. Index Dashboard (August 29, 2025), the benchmark index closed the month up 2.03%, reaching a new all-time high on ... Read More| The Acquirer's Multiple®
In the most recent quarter, a diverse group of renowned institutional investors either increased or initiated positions in UnitedHealth Group (UNH), signaling growing conviction in the healthcare giant’s long-term prospects. As the largest U.S. health insurer, UnitedHealth continues to combine its core insurance operations with the rapidly expanding Optum health ... Read More| The Acquirer's Multiple®
During their recent episode, Taylor, Carlisle, and Jason Hirschman discussed The “Salad Oil” Approach to Investing. Here’s an excerpt from the episode: So, guys, I think your audience has probably deeper knowledge of Berkshire Hathaway than any other financial podcast in the developed world. [Jake laughs] So, I think I ... Read More| The Acquirer's Multiple®
Mohnish Pabrai’s Dalal Street, LLC runs a $271.6 million U.S. equity portfolio, with just five positions representing 100% of assets. The concentrated nature of the portfolio highlights Pabrai’s high-conviction, value-focused approach, often centered around deep-value cyclicals and special situations. Here’s Mohnish Pabrai’s top five positions: Warrior Met Coal Inc (HCC) Value: $82.48 million Shares: 1,799,745 ... Read More| The Acquirer's Multiple®
Once, there was an MBA student. Upon writing a business plan, he assembled a team and started an e-commerce site known as MercadoLibre, which is Spanish for “free market”. That student was Marcos Galperin in Argentina back in 1999. Since then, MercadoLibre expanded its presence to Brazil, Mexico and many other nations across Latin America […]| KCLau.com
For Lee Ainslie, founder of Maverick Capital, investing success hinges on three pillars: rigorous research, management quality, and the discipline to hold convictions while admitting mistakes. “We’re simply trying to understand the dynamics behind different stocks, identify those that we think are long-term winners and long-term losers,” he explains.| The Acquirer's Multiple®
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As part of our ongoing series, each week we typically conduct a DCF on one of the companies in our screens. This week, we’re analyzing a premium alcohol giant — Constellation Brands Inc (STZ).| The Acquirer's Multiple®
During his recent interview with How Leaders Lead with David Novak, Jamie Dimon reflects on his upbringing and career offer invaluable lessons for investors, rooted in discipline, purpose, and a deep understanding of human behavior. His parents instilled in him core values that transcended finance, yet profoundly shaped his approach to investing. “The values were pretty basic,” Dimon recalls. “One is, you do the best you can. And whatever you do, you do the best you can. It wasn’t abo...| The Acquirer's Multiple®
As part of our ongoing series, each week we typically conduct a DCF on one of the companies in our screens. This week, we’re analyzing a global leader in quick-service dining — Domino’s Pizza Inc (DPZ).| The Acquirer's Multiple®
In The Little Book That Still Beats the Market, Joel Greenblatt distills decades of experience into a concise, witty, and surprisingly approachable framework for beating the market. At its core, Greenblatt introduces what he calls the “Magic Formula”—a systematic way to buy good companies at bargain prices.| The Acquirer's Multiple®
In a recent interview with CNBC, legendary value investor Mario Gabelli, chairman and CEO of Gamco Investors, shared his unfiltered views on today’s market dynamics. He dissects opportunities with his trademark blend of financial acumen and street smarts.| The Acquirer's Multiple®
In his interview with David Rubenstein, renowned value investor Chris Davis highlights a critical but often overlooked factor in investing success: behavior. Davis argues that the greatest obstacle to consistent returns isn’t market swings or stock selection—it’s how investors react to them.| The Acquirer's Multiple®
This week’s large-cap value screener reveals a select group of stocks offering a compelling blend of low valuation, strong free cash flow, and high shareholder returns.| The Acquirer's Multiple®
After months of underperformance, value stocks—especially in the small-cap space—are staging a quiet comeback. But growth, particularly in the large-cap segment, remains firmly in the driver’s seat. The latest performance data from Seeking Alpha on U.S. Equities across the S&P Indexes highlights a tale of two narratives: a long-term dominance by growth stocks and a short-term surge in value names.| The Acquirer's Multiple®
In their latest Q2 2025 commentary, Pzena Investment Management offers a sober but optimistic perspective for long-term investors confronting heightened volatility. “The second quarter was a wild ride for global equity markets,” they write, citing early-quarter declines sparked by trade-war fears and later volatility due to Middle East tensions.| The Acquirer's Multiple®
Value investing is an investment strategy focused on buying stocks trading at a discount relative to their intrinsic or fair value. Academic research shows value investing generates lower risk and higher long-term returns than dividend and growth investing.| Liberated Stock Trader
During their recent episode, Taylor, Carlisle, and Zeke Ashton discussed The Four Controllables in Investing. Here’s an excerpt from the episode:| The Acquirer's Multiple®
During their recent episode, Taylor, Carlisle, and Zeke Ashton discussed The Post-Value Era and Buffett’s Legacy. Here’s an excerpt from the episode:| The Acquirer's Multiple®
In a recent interview with The Investor’s Podcast, Guy Spier opened up about his philosophy—not just on investing, but on life. “I am alive,” he began with a smile, “and I’m glad to be on a podcast with you.”| The Acquirer's Multiple®
In a recent interview with SumZero, legendary value investor Monish Pabrai shared his thoughts on markets, leadership, and his unconventional bets on commodities.| The Acquirer's Multiple®
Prem Watsa’s top 5 U.S.-listed equity positions, as disclosed in his latest 13F filing, make up an outsized 70.81% of that portfolio — reflecting a conviction-driven strategy anchored in deep value, hard assets, and long-term compounding. His largest U.S. holding, Orla Mining Ltd (ORLA), alone comprises over 28%. Below is a detailed breakdown of each of the top five positions, including holdings data and commentary.| The Acquirer's Multiple®
In their latest episode of the VALUE: After Hours Podcast, Tobias Carlisle, Jake Taylor, and Zeke Ashton discuss:| The Acquirer's Multiple®
This week’s best investing news:| The Acquirer's Multiple®
When Ken Griffin reflects on his earliest trading days—wiring a satellite dish onto his Harvard dorm roof—he says it was driven by “a background in software engineering, passion for mathematics, and a real interest in how to use those skills in the realm of finance.” That combination of curiosity, risk appetite, and technical rigor laid the groundwork for what would become Citadel, now one of the most profitable hedge funds in history.| The Acquirer's Multiple®
During his recent interview with The Bull of Wall Street Podcast, Cliff Asness explained why he is still placing his chips on value—albeit a more evolved version of it. “The value factor as quants and academics call it… is very incomplete,” he admits. “It drives non-quants crazy that quants call something like, at its simplest, price to book… value.”| The Acquirer's Multiple®
Let’s be honest – the current U.S market is obsessed with AI hype and nosebleed valuations. Yet while others chase momentum, Tweedy Browne’s Thomas Shrager and Jay Hill keep their feet firmly planted in value investing’s time-tested principles. Their strategy cuts through the noise: uncover fundamentally sound companies trading at sensible prices, then let the magic of compounding work.| The Acquirer's Multiple®
In The Money Game, George Goodman (writing under the pseudonym “Adam Smith”) strips away the illusions of Wall Street with wit and psychological insight. The book isn’t a traditional guide to investing—it’s a sharp, philosophical, and often humorous exploration of why investors behave the way they do. Goodman opens with a powerful premise: “The world is not the way they tell you it is,” and this applies most acutely to the world of finance.| The Acquirer's Multiple®
Penman and Pope refine classic value investing through the lens of financial statements.| CFA Institute Enterprising Investor
Today, many continue to prioritise “price” over “quality” when it comes to stock investing. | KCLau.com
To calculate the margin of safety, estimate the next ten years of discounted cash flow (DCF) and divide it by the number of shares outstanding to get the intrinsic value. The difference between the intrinsic value and the stock price is the margin of safety percentage.| Liberated Stock Trader