By Alvin Chow
I have been following and reading Tobias Carlisle’s books all these while – from Deep Value, Quantitative Value to Concentrated Investing. Each book has been enlightening and I gain new insights to investing after every read.
Recently, Tobias wrote and published a new book titled, The Acquirer’s Multiple.
The Acquirer’s Multiple: How the Billionaire Contrarians of Deep Value Beat the Market
I was puzzled when I first heard of this brand new book.
“Hmm, I thought he has talked about this concept in his earlier books. Why this again? Is this just another re-hashed product? Is he running out of new content?”
Since I had picked up very valuable tidbits from all his previous book, I decided to give it a chance and not judge the book by its title.
After reading the Preface, I realised this book was targeted at the beginners and is a simplified version of his previous books. It was a great refresher to the Tobias Carlisle’s Acquirer’s Multiple.
As I read it, 5 unconventional but practical value investing ideas stood out. I’ve extracted them out for you here:
#1. Pick ‘Cheap’ Stocks
Warren Buffett has a famous phrase,