The Acquirer’s Multiple Gazette – (Investing Reads, Podcasts, Tweets, Superinvestor News)
Thursday, January 25, 2018 · Johnny Hopkins
The Acquirer’s Multiple Gazette is a roundup of this week’s best investing reads, podcasts, tweets and superinvestor news:
Investing Reads
What’s Wrong With Value? (The Irrelevant Investor)
180 Years of Stock Market Drawdowns (A Wealth of Common Sense)
Stock Market Reversals Can Cause Recessions Too (The Reformed Broker)
What You Can Learn from Fighter Pilots About Making Fast and Accurate Decisions (Farnam Street)
The Fantastic Four That Make Look FANG Look Tame (The Felder Report)
The Thin Line Between Bold and Reckless (Collaborative Fund)
The World’s Priciest Stock Market (Robert Shiller)
Inside Warren Buffett’s Brain (ValueWalk)
Superinvestor News
George Soros: Bitcoin is a bubble, Trump is a ‘danger to the world’ (The Globe & Mail)
Ackman’s hedge fund lays off staff, including his driver (The New York Post)
David Einhorn Buys Twitter, Time Warner, Ensco (Forbes)
Ray Dalio, manager of world’s largest hedge fund, rips Mnuchin’s weak dollar position as ‘a hidden tax’ (Investing)
Warren Buffett’s bet on airlines lost more than $700 million in sector sell-off (CNBC)
Investing Podcasts
Acquirer’s Multiple – Tobias Carlisle (ValueWalk)
Billionaire Ray Dalio and Bill Gross On What To Expect In 2018 (Preston Pysh & Stig Brodersen)
Thomas D. Gilovich Talks About Human Behavior (Masters In Business)
Meb’s Most Popular Tweet Of All Time… Signs Of The Top… Listener Q&A (Meb Faber)
50 – 363 Days: Donald Trump’s First Year (Adventures In Finance)
The Three-Body Portfolio with Dr. Ben Hunt (Patrick O’Shaughnessy)
Amazon’s Prime Move (The Motley Fool)
How to Become a C.E.O. (Freakonomics)
Investing Tweets
Netflix made $62.7 million in profit *last quarter* from DVDs:https://t.co/NDV83y4LUM
— Tobias Carlisle (@Greenbackd) January 24, 2018
"For years, [Buffett]’s told investors in his conglomerate to focus on *operating earnings*, a figure that strips out gains and losses on investments and derivatives that he considers meaningless." https://t.co/VHWydBCtt9 via @markets
— Tobias Carlisle (@Greenbackd) January 17, 2018
"The average EBITDA multiple before the great recession on a buyout was 9.7 times. Today it's 10.5 to 11x. It's higher. But investors in the old days-20 yrs ago-wanted IRRs of 20% from private equity. Today they're happy with 15%."
-Carlyle's Rubensteinhttps://t.co/AP6vpm7upz— Tobias Carlisle (@Greenbackd) January 23, 2018
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