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- Charlie Munger: The Stock Picking Industry Is Four Or Five Percent Super-Rational, Disciplined People, And The Rest Of Them Are Sort Of Like Faith-Healers Or ShamansOne of the best resources for investors are the Daily Journal Annual Meetings chaired by Charles Munger. During the 2015 Annual Meeting Munger was asked the following question r…
- Seth Klarman: Interplanetary Visitors Would Question Our Intelligence If They Examined The Behavior Of Financial Market ParticipantsOne of the best book’s ever written on investing is Margin of Safety, by Seth Klarman. In one passage in particular Klarman illustrates how interplanetary visitors would questio…
- This Week’s Best Investing ReadsHere is a list of this week’s best investing reads: 50 Ways The World is Getting Better (A Wealth of Common Sense) How? (The Irrelevant Investor) How The Flattening Yield Curve …
- Acquirer’s Multiple Stocks Appearing in Dalio, Simons, Greenblatt PortfoliosOne of the new weekly additions here at The Acquirer’s Multiple features some of the top picks from our Stock Screeners and some top investors who are holding these same picks i…
- James Montier: “Finance Has Turned The Art Of Transforming The Simple Into The Perplexing Into An Industry”Some years ago James Montier wrote a great paper called – Was It All Just A Bad Dream? Or, Ten Lessons Not Learnt. Montier’s states that we can learn a great deal about investin…
- Howard Marks: The Two Main Risks In The Investment WorldOne of the best resources for investors are Howard Marks’ memos. One of our favorite memos here at The Acquirer’s Multiple is one he wrote called – Warning Signs in which Marks …
- Interview with Brad Lamensdorf of The ActiveAlts Contrarian ETF (NASDAQ: SQZZ)Tobias Carlisle (TC): Today I have with me Brad Lamensdorf, who has an interesting background. He started his career in hedge funds working for the Bass family in Texas, ran his…
- Charlie Munger: The Parable Of BasiclandSeveral years ago, Charles Munger wrote a great piece called – Basically, It’s Over – A parable about how one nation came to financial ruin. Munger provides a cautionary warning…
- This Week’s Best Investing ReadsHere is a list of this week’s best investing reads: My Berkshire Hathaway Reflections (Farnam Street) The U.S. Stock Market’s Impressive Outperformance May Be Coming To An End (…
- Acquirer’s Multiple Stocks Appearing in Pzena, Simons, Grantham PortfoliosOne of the new weekly additions here at The Acquirer’s Multiple features some of the top picks from our Stock Screeners and some top investors who are holding these same picks i…
- Daniel Kahneman: The Illusion of Stock-Picking SkillFor the majority of stock pickers successful investing is thought to be based on some degree of skill. The truth is however that successful stock picking for most amateur and pr…
- Warren Buffett: The Prototype Of A Dream BusinessWarren Buffett has often spoken about the importance of a business moat. In a presentation to the MBA students at the University of Florida Buffett said: “I want a business with…
- Charlie Munger Can Be Merciless If He Believes He Has Caught Someone In An Act Of Silly Self-DeceptionOne of the most commonly used terms in the world of investing is – Cost of Capital. According to the Harvard Business Review website: – “The cost of capital is simply the return…
- Seth Klarman: “Most Investments Are Dependent On Outcomes That Cannot Be Accurately Foreseen”Much has been written about the best way to calculate the present and future values of a business for investment. But as Seth Klarman points out in his book – Margin of Safety, …
- This Week’s Best Investing ReadsHere is a list of this week’s best investing reads: EVERYTHING You need to understand Markets (csinvesting) First Principles: The Building Blocks of True Knowledge (Farnam Stree…
- Acquirer’s Multiple Stocks Appearing in Greenblatt, Simons, Gabelli, Paulson, PortfoliosOne of the new weekly additions here at The Acquirer’s Multiple features some of the top picks from our Stock Screeners and some top investors who are holding these same picks i…
- Active Managers Shifting To Smaller, More Focused Portfolios To Achieve OutperformanceHere’s a great article at Bloomberg that discusses the changing landscape for active investors. The article reports that more and more active managers are moving to smaller, mor…
- Seth Klarman: Mainstream Investing Has It BackwardsSome years ago Seth Klarman gave a fantastic speech at the MIT Sloan Investment Management Club. During his speech Klarman suggested that the mainstream approach to investing ha…