Hello all. Thanks to those who recommended another investing book similar to the The Little Book that Beats the Market, in that it claims that a fairly simple strategy will beat the market. The book is The Acquirer's Multiple by Tobias E. Carlisle. Tobias Carlisle manages Acquirer's Funds, an investment firm whose fund, The Acquirer's Fund, which trades on the NYSE with the … [Read more...] about The Acquirer’s Multiple
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Andrew’s Secret Formula Portfolio
Hello Magic Formula followers! Since I've given up on Joel Greenblatt's The Little Book that Still Beats the Market in April of last year, I've been trying to decide whether it's worth my time and money to try another strategy, or to forget investing in individual stocks altogether and just double-down on my index funds. In the meantime, I've reinvested my MF Portfolio in … [Read more...] about Andrew’s Secret Formula Portfolio
How I Still Use the Magic Formula
Since recently giving up on my Magic Formula Portfolio, I feel like a burden has been lifted. I'm enjoying reinvesting these funds in companies that I believe in, especially those that pay growing dividends. But I haven't completely abandoned Greenblatt's Magic Formula. I still use the screener to identify stocks that I'm already interested in but that might be undervalued in … [Read more...] about How I Still Use the Magic Formula
Some Year End Thoughts
Hello dear readers! Let me be the first to wish you a Happy New Year! Let's hope 2023 sees an end to the war in Ukraine, and the end to a bear market. I've started my latest round of portfolio updates and I wanted to bring up a couple issues with this Magic Portfolio Investing strategy. Over the Counter Stocks (OTC) As I sold Co-Diagnostics Inc (CODX) for a huge loss I … [Read more...] about Some Year End Thoughts
Thoughts on Gamestop (GME)
I write this on Saturday, February 6th, 2021. Gamestop closed at $63.77 yesterday, down from a high of about $483 just over a week ago. But even the current price is WAY higher than when I bought the stock as part of my Magic Formula portfolio just over four years ago on Jan 27th, 2017. I paid $24.13, and sold the stock for $16.75 a year later. The stock went gradually down … [Read more...] about Thoughts on Gamestop (GME)