Hi, im tobias carlisle, investor and author of deep value. Carlisle outlines the various valuation metrics priceto book, pricetosales, pricetoearnings, etc. Tobias carlisle is the founder of the acquirers multiple. Use of the formula does not guarantee performance or investment success.
Tobias carlisle principal acquirers funds llc linkedin. Design a simple, clean cover for the followup to a. It is many years ago that benjamin graham came up with the thesis of buying net current asset stocks, or netnet stocks, which is to suppose that it is old. Interview with toby carlisle of greenbackd seeking alpha. How the billionaire contrarians of deep value beat the market, at moi globals meettheauthor summer forum 2019.
Tobys approach to value investing evolved from his observations as a corporate lawyer in australia during the burst of the dotcom bubble. Deep value offers investors an authoritative exploration of the philosophy of deep value investment. Nov 18, 20 deep value investing finding bargain shares with big potential is a wellwritten, handson book about how to extract value from investments made from a niche in the stock market. The book suggests buying cheap stocks with fairly poor fundamentals such as declining sales, profits and return ratios than buying stocks with improving fundamentals. Toby carlisle of deep value fame live at nyssa aug. Deep value investing by tobias carlisle animated book summary. Starting his career as a lawyer in queensland, tobias is now a worldrenowned value investor based in california. I was excited to ask this question because it strikes me.
He serves as portfolio manager of the firms deep value strategy. Under the right conditions, losing stocksthose in crisis, with apparently. Dec 12, 2016 description of the book below also type in deep value in the search box of this box and view some of the videos on deep value and the author, toby carlisle. The perfect storm of value and volatility real vision. Written by tobias carlislean active value investor and the wellknown blogger at this important resource describes the evolution of the various theories of intrinsic value and activist investment from benjamin graham to warren buffett to carl icahn and beyond. Toby has extensive experience in activist investment, company valuation, public company corporate. Maybe it was because i thought the price was high given the size of the book.
Why activist investors and other contrarians battle for control of losing corporations is a mustread exploration of deep value investment strategy, describing the evolution of the theories of valuation and shareholder activism from graham to icahn and beyond. Tobias carlisle has a personal blog at and a book titled, deep value, published by wiley finance. Tobys deep value side of things is more about balance sheet value, what the company could be potentially liquidated for today. It describes the evolution of the various theories of intrinsic value and activist investment from benjamin graham to warren buffett to carl icahn and beyond. A practitioners guide to automating intelligent investment and eliminating behavioral errors 2012, wiley finance. In order to find something genuinely undervaluedtheres always something that you dont like guest. About us deep value stock screener the acquirers multiple. The book talks about the phenomenon of mean reversion in markets and investing based on ben grahams theory and joel greenblats magic formula specifically the enterprise multiple. Applying deep value investing with toby carlisle youtube.
Why activist investors and other contrarians battle for control of losing corporations is a mustread exploration of deep value investment strategy, describing the evolution of the theories of valuation and shareholder activism from graham to. Although largely focused on linking to investing and economic material it deems of interest, it will also post and link to material from other disciplines. Deep value investing finding bargain shares with big potential is a wellwritten, handson book about how to extract value from investments made from a niche in the stock market. Deep value by tobias carlisle is an excellent book on contrarian value investing. Today we have a chance to pick the brain of the other coauthor tobias carlisle who has a new book out deep value.
Deep value by toby carlisle and the millionaire next door by thomas stanley and william danko. Tobias carlisle, principal and founder of acquirers fund, sits down with chris cole of artemis capital management to discuss how to find pockets of deep value in a world saturated with liquidity. Much of the quant stuff is very similar to carlisles previous book, quantitative value. The icahn manifesto corporate raider to activist investor in chapter one the groundwork is laid by describing how carl icahn evolved as an activist. We interviewed toby carlisle, author of the widely followed greenbackd value investing blog and founder of the newly launched eyquem global value fund. Jan 01, 2014 deep value by tobias carlisle is an excellent book on contrarian value investing. Dec 05, 2016 tobias carlisle has a personal blog at and a book titled, deep value, published by wiley finance. He recently founded an investment firm, eyquem fund management, and raised a.
Carlisle i first heard of toby carlisle as he was making the podcast rounds talking about his new book, the acquirers multiple. Toby has extensive experience in activist investment, company valuation, public company. The full session is available exclusively to members of moi global. Value investing world is a blog dedicated to promoting the multidisciplinary approach to investing and development of as charlie munger describes it a latticework of mental models. Oct 05, 2010 we interviewed toby carlisle, author of the widely followed greenbackd value investing blog and founder of the newly launched eyquem global value fund. Hi reddit rinvesting, i blog at, and ive written two books on value investing. He is author of the bestselling books the acquirers multiple, deep value, concentrated investing and quantitative value. Why activist investors and other contrarians battle for control of losing corporations. Watching investors target cashrich, business poor dotcom companies. In deep value carlisle provides a qualitative and quantitative view of why value investing has worked since the time of its conception. The icahn manifesto corporate raider to activist investor in chapter one the groundwork is laid by. The book suggests buying cheap stocks with fairly poor fundamentals such as.
Sep 24, 2017 the books author, tobias carlisle, explores the counterintuitive idea of acquiring deep value stocks. You may also know tobys work at his blog greenbackd. Strategies of the worlds greatest concentrated value investors 2016, wiley finance, deep value. Why activists investors and other contrarians battle for control of. The price of the book is expensive, but it is well worth it. Tobias carlisle tobias toby carlisle is a deep value investor and founder of acquirers funds. Sep 19, 2015 in this interview, toby will share his extensive research on deep value, which is an easily applicable approach to warren buffetts strategy of finding undervalued stocks. The books author, tobias carlisle, explores the counterintuitive idea of acquiring deep value stocks. Acquirers funds manages capital according to deep value principles discussed in research. Carlisle is best known as the author of the books concentrated investing. Deep value by tobias carlisle is one of my favorite books.
Mean reversion method automatic rule based investing. About the book it is a simple, but counterintuitive idea. Tobias carlisle runs carbon beach asset management and is the author of several books, including deep value, concentrated investing and his latest, the acquirers multiple. He then spends some time talking about the short side of the portfolio, getting into the thoughtful approach he takes in considering positions including sizing. The book combines engaging anecdotes with industry research to. Why activist investors and other contrarians battle for control of losing corporations hardcover, 240 pages, wiley finance is an exploration of the philosophy of deep value investment. Value investing and special situations with tobias carlisle. Summary the icahn manifesto corporate raider to activist investor in chapter one the groundwork is laid by describing how carl icahn evolved as an activist investor. The economic climate is ripe for another golden age of shareholder activism. I must admit i was underwhelmed with my initial viewing of the book. Tobias carlisle has taken an interesting path to get where he is today.
Jun 07, 2010 toby carlisle is the author of greenbackd, a blog dedicated to undervalued asset situations with a catalyst. The talk is about 60 minutes, and its well worth the time. The book is timely because it looks at the history of activist investors who we note. A practitioners guide to automating intelligent investment and eliminating behavioral errors. The book is a unique combination of careful description of the value styles and players, backed up by data that supports the conclusions reached. After hours podcast taylor, brewster, and carlisle discuss restoration hardware and some reasons why warren buffett bought 1. He recently founded an investment firm, eyquem fund management, and raised a modest amount of external seed capital for his maiden fund, eyquem global value. How the billionaire contrarians of deep value beat the market provides a simple summary of the way deep value investors find stocks that beat the market. How the billionaire contrarians of deep value beat the market.
He recently founded an investment firm, eyquem fund management, and raised a modest. Tobias carlisle on beating the little book that beats the market by superinvestors and the art of worldly wisdom published on 20171031t20. This counterintuitive view is well supported by research by various researchers. Which means now might be the perfect time to read up on value investing. Greenbackd deep value, contrarian, and grahamite investment. Dec 03, 2017 tobias carlisle has taken an interesting path to get where he is today. He has achieved a lot of recognition in the value investing community for his books quantitative value 2012, deep value 2014 and concentrated investing 2016. In this episode we discuss both the similarities and the differences between the successful value investing methodologies employed by investing greats like warren buffett and carl icahn. The book combines engaging anecdotes with industry research to illustrate the principles and methods of this. Tobias carlisle discussed his book, the acquirers multiple.
But the other half is extremely interesting and kept my attention throughout and i thought was worth the price of admission. Tobias carlisle is founder and managing director of acquirers funds, llc. How the billionaire contrarians of deep value beat the market, the amazon bestsellers deep value. Why activist investors and other contrarians battle for control of losing. Carlisle is the author of the acquirers multiple 3. Tobias carlisle on his book, the acquirers multiple moi global. Why activist investors and other contrarians battle for control of losing corporations is a. Deep value wiley online books wiley online library. Oct 29, 2014 today we have a chance to pick the brain of the other coauthor tobias carlisle who has a new book out deep value. Tobias carlisle runs carbon beach asset management and is the author of several books including deep value, concentrated investing and his latest, the acquirers multiple. Carlisle combines engaging stories with research and data to show how you can do it too. How the billionaire contrarians of deep value beat the market goes into depth about how to calculate a margin of safety, mean reversion, quantitative measures of value and the role of activist investors.
Carbon beach pursues a deep value, contrarian, grahamite investment strategy. Our conversation with tobias carlisle flirting with models. He described that book as a more accessible version of deep value which he claimed read like a textbook at times. Carlisle outlines the various valuation metrics pricetobook, pricetosales, pricetoearnings, etc. Design a simple, clean cover for the followup to a popular book on investing 99designs client toby. Toby advises one to acquire stocks in crisisstricken companies with failed business models and uncertain futures. Tobias carlisle on his book, the acquirers multiple moi. Toby begins by providing some detail about his new fund, the acquirers fund, a longshort deep value u. In this interview, toby will share his extensive research on deep value, which is an easily applicable approach to warren buffetts strategy of finding undervalued stocks. Filled with engaging anecdotes, penetrating statistical analysis and meticulous research, the book illustrates the principles and strategies of deep.
Why activists investors and other contrarians battle for control of losing corporations 2014, wiley finance, and quantitative value. I would estimate that at least half the book i could have done without. Design a simple, clean cover for the followup to a popular. The new book wasnt in my library yet so i decided to give this one a try.
This episode i chat with toby carlisle, a managing member at carbon beach asset management and author of popular value investing books such as deep value and the acquirers multiple. Tobias carlisle presents an insiders perspective on valuation and activism in a format that is accessible to both professional and general investors. Nov 07, 2017 value investing has had a rough time of late. Toby carlisle is the author of greenbackd, a blog dedicated to undervalued asset situations with a catalyst. The acquirers multiple is a term used to describe the strategy explained in the book the acquirers multiple. Why activist investors and other contrarians battle for control of losing corporations by toby carlisle deep value. Tobias carlisle on beating the little book that beats the. Deep value investing by tobias carlisle animated book.