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52 - The Acquirer's Multiple with author Tobias Carlisle (Interactive Book Review)
Episode 52

52 - The Acquirer's Multiple with author Tobias Carlisle (Interactive Book Review)

The DIY Investing Podcast · Trey Henninger: Private Investor, Portfolio Manager, Business Strategist, and Value Investing Expert

December 1, 201951m 20s

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Show Notes

Book: The Acquirer's Multiple by Tobias Carlisle

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Show Outline: Interview with Tobias Carlisle

The full show notes for this episode are available at https://www.diyinvesting.org/Episode52

Book: The Acquirer's Multiple (Interactive Review with Author)
  • Deep Value Investing
  • Is Deep Value only a good strategy when control situations are viable?
  • Activists benefit deep value investors beyond themselves
  • Mid-Cap Stocks are a prime market because of so many activists
  • Negative Enterprise Value Stocks – Great portfolio for investors without liquidity restrictions
  • The Acquirer's Multiple: EV / Operating Earnings
    • A multiple of 10 or less or a 10% earnings yield is a good target
  • How could Mean Reversion fail or stop working? (Key Deep Value Assumption)
  • Can Business Analysis be learned? (And is it even worth it?)
  • What value does a portfolio manager provide over a computer in the deep value space?
  • Tobias's ETF: ZIG ('ZIG when the market zags')