MI280: Deep Value Investing in 2023 w/ Tobias Carlisle

The Intrinsic Value Podcast - The Investor’s Podcast Network

The Investor's Podcast Network

Education, Investing, Business

4.6 • 592 Ratings

🗓️ 11 July 2023

⏱️ 55 minutes

🔗️ Recording | iTunes | RSS

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Summary

Robert Leonard chats with Tobias Carlisle about the global economy, market assessment, value investing opportunities, mean reversion trades, quality assessment in deep value strategies, using screeners, and more! Tobias Carlisle is the founder of The Acquirer’s Multiple®. He is also the founder of Acquirers Funds® which manages ZIG, the Acquirers Fund, and DEEP, the Roundhill Acquirers Deep Value Fund. IN THIS EPISODE, YOU’LL LEARN: 00:00 - Intro 01:33 - His current assessment of the global economy and markets. 08:59 - Why he thinks the current market conditions create a favorable set up for value investors going forward? 20:32 - How long a mean reversion trade typically takes and how this differs from a time horizon of a quality investor. 24:39 - How to use his screeners and find companies that are cheap on an acquirer’s multiple basis? 44:39 - How an assessment of quality plays a role in a deep value strategy. *Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences. BOOKS AND RESOURCES Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Kyle and the other community members. Tobias Carlisle’s book The Acquirer’s Multiple. Tobias Carlisle’s book Deep Value. Tobias Carlisle’s book Quantitative Value. The Acquirer’s Podcast. The Acquirer’s Multiple. The Acquirer’s Fund. Related Episode: Listen to MI025: Deep Value Investing w/ Tobias Carlisle or watch the video. Related Episode: Listen to MI084: Warren Buffett, Charlie Munger, And Berkshire Hathaway w/ Adam Mead or watch the video. NEW TO THE SHOW? Check out our Millennial Investing Starter Packs. Browse through all our episodes (complete with transcripts) here. Try Kyle’s favorite tool for picking stock winners and managing our portfolios: TIP Finance. Enjoy exclusive perks from our favorite Apps and Services. Stay up-to-date on financial markets and investing strategies through our daily newsletter, We Study Markets. Learn how to better start, manage, and grow your business with the best business podcasts. SPONSORS Support our free podcast by supporting our sponsors: Fiscal.AI Connect with Robert: Twitter Connect with Tobias: Website | Twitter | LinkedIn Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm

Transcript

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0:00.0	You're listening to TIP.
0:02.1	On today's show, I bring back Tobias Carlisle.
0:05.4	Tobias is the founder of the Acquires Multiple and the Acquires Funds, which manages Zig,
0:11.3	the Acquires Fund and Deep.
0:13.6	The Roundhill Acquires Deep Value Fund.
0:16.6	In this episode, we talk about his deep value and acquires multiple strategies. He explains why he
0:22.6	thinks the current market conditions create a favorable setup for value investors going forward.
0:27.4	Then we get into his deep value strategy, how long a mean reversion trade typically takes,
0:32.0	and how it differs from a time horizon of a quality investor. He explains how an assessment of
0:37.3	quality plays a role
0:38.5	in a deep value strategy, how to use his screeners and find companies that are cheap on an
0:43.3	acquires multiple basis, and much, much more. And with that, let's get right into this week's
0:48.9	episode with Tobias Carlisle. You're listening to Millennial Investing by the Investors Podcast Network, where your host, Robert
0:57.2	Leonard, interview successful entrepreneurs, business leaders and investors to help educate and
1:02.7	inspire the millennial generation.
1:04.7	Hey everyone. Hey, everyone, welcome back to the millennial investing podcast. I'm your host, Robert
1:17.7	Leonard. And today we bring back popular and fan favorite guest, Tobias Carlisle.
1:24.2	Tobias, welcome back. Thanks for having me again. Good to see you again. There's a lot we're
1:29.4	going to talk about today on your mean reverting deep value strategy, but a lot has happened in the
1:35.4	market since we last talked. So I just want to kind of get a gauge or get an assessment of where
1:40.2	you think things are in the markets and the global economy right now?
1:49.7	Yeah, it's always, it's a little bit of a fooled errand to sort of try to predict what the markets are going to do because they're almost definitionally unpredictable.
	...

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