Date Recorded: 10/20/17
Run-Time: 1:28:40
Episode Sponsor:
- Roofstock – Build long-term wealth and passive income with Roofstock, the leading online marketplace for buying and selling leased single-family rental homes.
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Summary: In Episode 77, we welcome author and asset manager, Tobias “Toby” Carlisle.
- 1:57 – Thank you to the audience for their support of their show
- 3:19 – Welcoming, Tobias Carlisle, founder and portfolio manager of Carbon Beach Asset Management, as well as author of
- Deep Value: Why Activist Investors and Other Contrarians Battle for Control of Losing Corporations,
- The Acquirer’s Multiple: How the Billionaire Contrarians of Deep Value Beat the Market,
- Quantitative Value, + Web Site: A Practitioner’s Guide to Automating Intelligent Investment and Eliminating Behavioral Errors, and
- Concentrated Investing: Strategies of the World’s Greatest Concentrated Value Investors
- 4:00 – Tobias’s origin story
- 6:31 – Looking at his latest book, The Acquirer’s Multiple
- 11:00 – The Little Book That Beats the Market and The Little Book That Still Beats the Market – Greenblatt
- 11:10 – The Magic Formula
- 13:16 – Longboard Study/The Capitalism Distribution
- 14:13 – Rob Arnott Podcast episode
- 17:40 – Deep Value
- 18:12 – In Search of Excellence: Lessons from America’s Best-Run Companies – Peters & Waterman
- 20:10 – Global Investment Returns Yearbook
- 22:18 – The Acquirer’s Multiple
- 29:36 – Concentrated Investing and the Kelly Criterion
- 33:44 – The Acquirer’s Multiple Website
- 41:17 – Anomalies in marketing models predicting market performance
- 43:06 – Sponsor: Roofstock
- 50:35 – The Little Book That Still Beats the Market – Joel Greenblatt/ Magic Formula Investing
- 54:30 – How often should average investors make changes to their portfolio
- 56:59 – Understanding the special situation investing that Tobias looks at for the firm
- 1:04:28 – Steve Sjuggerud Podcast Episode
- 1:04:53 – To what extent does Tobias follow other activists
- 1:06:12 – Any opportunities that have Tobias excited right now
- 1:07:03 – Rob Arnott Podcast with Covel
- 1:09:25 – Comic Wars: How Two Tycoons Battled Over the Marvel Comics Empire–And Both Lost – Raviv
- 1:09:59 – Greenbackd (Tobias blog)
- 1:11:16 – From Alchemy to IPO: The Business Of Biotechnology – Robbins-roth
- 1:12:09 – Tobias’ most memorable trade
- 1:12:57 – Van Simmons Podcast Episode
- 1:14:15 – “Is It Time to Do a Templeton?” – Faber1:26:58 – Ned Davis books
- 1:27:33 – Margin of Safety: Risk-Averse Value Investing Strategies for the Thoughtful Investor – Klarman (Free PDF)
Article by Meb Faber
