Podcast
The Acquirer's Multiple®
Hosted by Unknown Author · EN
Absurdly Simple, Ridiculously Powerful Deep Value Stock Screener
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Weekly Investing Roundup – News, Podcasts, Interviews (04/11/2025)
Apr 11, 2025Tap to summarizeThis week’s best investing news: Howard Marks Memo: Nobody Knows (Yet Again) (OakTree) Francois Rochon: 3 Truths Every Value Investor Should Remember (Meb) Off The Beaten Path (OakTree) Bill Nygren: The S&P 500 has corrected, now what? (Oakmark) Overweight the Mag-7? (Verdad) Ray Dalio on Trump’s tariffs: I agree with the problem, I am very concerned about the solution (CNBC) Casino! (Havenstein) Leon Cooperman: Not buying much weakness because I don’t trust the environment (CNBC) Stanley Druckenmiller: ‘I do not support tariffs exceeding 10%’ (CNBC) Why Investors Must Look Beyond Recent History To Understand Today’s Markets (Felder) 100 Baggers Leave Fingerprints: Chris Mayer on How to Find Them (Validea) Management Learnings with Jamie Dimon (JPMorgan) A Guide to Navigating Tariff Turmoil (BI) Aswath Damodaran: The Anatomy of a Crisis: Tariff Talk and Market Reaction (AD) Ken Fisher Shares What You Need to Know About Market Corrections, Bitcoin and More (Fisher) My Thoughts on Tariffs, Economic History, and the Market Decline (Collab Fund) Berkshire Hathaway responds to ‘false reports’ on social media (CNBC) Lisa Shalett, CIO Morgan Stanley (MiB) Trump Just Shredded the Economic Playbook. Here Are Your Next Investing Moves (WSJ) How Bad Could This Get? (Ben Carlson) What Now? An Investor’s To-Do List for Chaotic Markets (Morningstar) Oakmark Q1 2025 international equity market commentary: Are global markets shifting? (Oakmark) This week’s best value investing news: US Value Stocks Trading at Historically High Discounts (AlphaArchitect) Why Value Investors Are Looking at Japan, Korea, and Brazil (Institutional Investor) Why UK value stocks could be the smartest play in 2025 (DT) This week’s Fear & Greed Index: This week’s best investing podcasts: Francois Rochon – Outperforming the Market for 30+ Years Through Patience, Humility & Rationality (Meb) Markets In Turmoil with Vincent Daniel, Porter Collins & Danny Moses (RR) Jean Chatzky: What Women Need to Do Differently With Their Money (LV) With Zero Stocks in His Portfolio, Robert Kessler Is Sleeping Much Better (WT) The Secular Bull Market Isn’t Dead: Jim Paulsen on Why Tariffs Won’t Break It (ER) #222 Outliers: Cornelius Vanderbilt — The First Tycoon (KP) The ROI of Your Mother (MicroCapClub) Michael Ovitz – Turning Potential into Prominence (ILTB) Don’t Panic: Here’s what’s happening, why you should stay invested & what we’re buying (EM) This week’s Buffett Indicator: Strongly Overvalued. This week’s best investing research: An Enduring Path: Long-termism & the FCLT Gold Standard (AllAboutAlpha) Investing Isn’t About Being Mostly Right (AlphaArchitect) Rebalancing’s Hidden Cost: How Predictable Trades Cost Pension Funds Billions (CFA) This week’s best investing tweet: Small caps are 23.5% cheaper than large caps on price-earnings ratio. The years that witnessed this discount are 1973, 1976, 1998, 2001 and 2020. The two notable small cap cycles were from 1974 to 1981 and from 1999 to 2018. pic.twitter.com/ScGE7qnsd3 — Jeff Weniger (@JeffWeniger) April 9, 2025 <s...
Transcribe →Weekly Investing Roundup – News, Podcasts, Interviews (04/04/2025)
Apr 4, 2025Tap to summarizeThis week’s best investing news: Howard Marks – Top Takeaways from Oaktree’s Quarterly Letters – March 2025 (OakTree) Joel Greenblatt defends value investing: It’s not difficult to beat the market (CNBC) Jeremy Grantham – Rising Toxicity And The Threat To Capitalism And Life Itself (GMO) The Acquirer: Hiroshi Nojima, Nojima Corporation (Verdad) Bill Nygren: Tariffs are inflationary, anti-growth and amount to a tax increase (CNBC) Has Warren Buffett’s ‘big’ mistake finally turned the corner? (FT) François Rochon – Buying Exceptional Businesses & Ignoring the Noise (TIP) Tariffs: Making the U.S. Exceptional, but Not in a Good Way (GMO) Cliff Asness – Should Hedge Funds Hedge?: Why Some Alts Should Have a Beta of 1.0 (AQR) Robert Robotti speaking at the Capstone Student Investment Conference 2025 (Robotti) The stock market’s history with recessions (TKer) Risk Presents Itself (Havenstein) Has A New Bull Market In Diversification Officially Begun? (Felder) The Two Most Dangerous Words in Investing (BI) How to Make 267%—or Lose 90%—on Treasury Bonds (WSJ) MiB: Michael Lewis on ‘Who is Government’ (MiB) We’re Headed to Recession Island | Will the Trump and Powell Puts Save Us? | Andy Constan (Validea) Seeking Certainty (HumbleDollar) If the Stock Market is Making You Uncomfortable (Michael Batnick) Taming my ‘big dumb lizard brain’ with a ‘cowboy account’ (TKer) Polen Capital Podcast – Are There Bubbles in the Stock Market? (Polen) Jensen Investment Management: Navigating the Tariff Landscape (Jensen) April Views from First Eagle Global Value Team (FEIM) This week’s best value investing news: Value Investing in 2025 (Colossus) Indian retail investors turn cautious amid market volatility. Should value investing be the next bet? (Mint) With value investing back in vogue, I’m taking a leaf out of Warren Buffett’s playbook (Yahoo) This week’s Fear & Greed Index: This week’s best investing podcasts: Darren Farber – The Business of Defense (ILTB) China’s Investment Potential: A Deep Dive with Jingshu Zhang (BusinessBrew) The Value Perspective with Greg Dean (VP) Christopher Zook – Accessing Private Markets (Meb) Don’t Underestimate the Power of ‘Hidden Compounders’ (Stansberry) Keep Throwing Spears (MicroCapClub) #221 Bruce Flatt on Value, Discipline, and Durability (KP) WTT: Private Equity Investing in 2030 (CA) Danielle DiMartino Booth: Recession Signals, Inflation Trends, and Market Implications (EI) This week’s Buffett Indicator: Strongly Overvalued This week’s best investing research: Portfolio Tax Strategies: Section 351 vs. Exchange Funds vs. Long/Short Tax-Loss-Harvesting (AlphaArchitect) Impact Investing Meets Private Equity: The Next Trend in Value Creation & AUM? (AllAboutAlpha) Market Concentration and Lost Decades (CFA) This week’s best investing tweet: Don’t know if this deal happens, and it’s not particularly big, but ...
Transcribe →Mohnish Pabrai: The All-In Investing Mindset: Lessons from Entrepreneurs
Nov 25, 2024Tap to summarizeDuring this Q&A session with Columbia Business School, Mohnish Pabrai highlights the all-in mentality of entrepreneurs, such as a first-generation Chinese couple opening a restaurant, who invest nearly all their money and time into their ventures. This scenario mirrors millions of U.S. entrepreneurs, who rarely consider diversification yet sleep soundly despite high risks due to their intense daily work. Pabrai contrasts this with his own investment philosophy, emphasizing a concentrated but measured approach. While he avoids being 100% invested in any one opportunity, preferring to distribute risk across 10% bets, he finds concentration manageable and effective, illustrating how entrepreneurial focus differs from traditional portfolio strategies. Here’s an excerpt from the session: Pabrai: When a first generation Chinese couple decides to open a Chinese restaurant at some corner in Queens or Manhattan. They have gone all in, and they have 90%, 95%, maybe 98% of everything they have. Not only are they all in with all the money they have, but they are also all in with all the time they have. This isn’t just about the Chinese couple opening the restaurant. This is the situation for about 10 million entrepreneurs running businesses in the U.S. They are all all-in. Most of them wouldn’t understand what a diversified portfolio is; they’ve never thought about life that way. Yet, they don’t seem to have trouble sleeping at night being all-in on the Chinese restaurant. In fact, they’re so tired after a day’s work that they probably sleep of all of us. Basically when we look at entrepreneurs they are not balanced; they’re unbalanced. When we have a portfolio that’s concentrated—even if it’s concentrated—we still have four or five bets. I’m not asking anyone to go 100%; I’ve never gone 100%. In fact, I usually make 10% bets. So, I don’t even go to five bets; I’m usually going for 10 bets. I don’t see much issue with the concentration issue at all. You can watch the entire session here:
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