MI241: The Acquirer’s Multiple Strategy w/ Tobias Carlisle

<p><strong>IN THIS EPISODE, YOU’LL LEARN:</strong></p><ul><li>02:52 - Breaking down Warren Buffett’s strategy of “buying down wonderful companies at a fair price.”&nbsp;</li><li>02:52 - What the Acquirer's Multiple Investing strategy is.&nbsp;&nbsp;</li><li>08:35 - Why enterprise value is more useful than market cap to value stocks.&nbsp;</li><li>08:35 -The benefits of the Acquirer's multiple strategy vs Warren Buffett value investing strategy.&nbsp;</li><li>16:42 - How mean reversion works, what companies and financial metrics typically exhibit mean reversion.&nbsp;</li><li>29:28 - Why a competitive advantage is key for a company to sustain a high ROIC.&nbsp;</li><li>40:55 - What are things that investors mistake as being moats or sustainable advantages?&nbsp;</li><li>50:58 - How to implement this strategy and use the Acquirer's multiple stock screener.&nbsp;</li><li>And much, much more!</li></ul><p><br></p><p><em>*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.</em></p><p><br></p><p><strong>BOOKS AND RESOURCES</strong></p><ul><li>Tobias Carlisle’s book <a href="https://www.amazon.com/gp/product/0692928855?ie=UTF8&amp;linkCode=ll1&amp;tag=tipnetwork-20&amp;linkId=51978128fd33ab77e85953fa5d5be976&amp;language=en_US&amp;ref_=as_li_ss_tl" rel="noopener noreferrer" target="_blank"><strong>The Acquirer’s Multiple</strong></a><strong>.</strong></li><li>Tobias Carlisle’s book <a href="https://www.amazon.com/gp/product/1118747968?ie=UTF8&amp;linkCode=ll1&amp;tag=tipnetwork-20&amp;linkId=84e5d7d1b4457b239834c2ea489396e3&amp;language=en_US&amp;ref_=as_li_ss_tl" rel="noopener noreferrer" target="_blank"><strong>Deep Value</strong></a><strong>.</strong></li><li>Tobias Carlisle’s book <a href="https://www.amazon.com/gp/product/1118328078?ie=UTF8&amp;linkCode=ll1&amp;tag=tipnetwork-20&amp;linkId=2fcaa1439242323cba72dd53206ac3b9&amp;language=en_US&amp;ref_=as_li_ss_tl" rel="noopener noreferrer" target="_blank"><strong>Quantitative Value</strong></a><strong>.</strong></li><li><