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Publisher's Summary

The Acquirer’s Multiple: How the Billionaire Contrarians of Deep Value Beat the Market is an easy-to-follow account of deep value investing. The audiobook shows how investors Warren Buffett, Carl Icahn, David Einhorn, and Dan Loeb got started and how they do it. Author Tobias Carlisle combines engaging stories with research and data to show how you can do it too. Written by an active value investor, The Acquirer’s Multiple provides an insider's view on deep value investing.

The Acquirer’s Multiple covers:   

  • How the billionaire contrarians invest
  • How Warren Buffett got started
  • The history of activist hedge funds
  • How to beat the little book that beats the market
  • A simple way to value stocks: The Acquirer's Multiple
  • The secret to beating the market
  • How Carl Icahn got started
  • How David Einhorn and Dan Loeb got started
  • The nine rules of deep value

The Acquirer’s Multiple: 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.

©2017 Tobias Eric Carlisle (P)2017 Tobias Eric Carlisle

What members say

Average Customer Ratings

Overall

  • 4.5 out of 5 stars
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  • Overall
    3 out of 5 stars
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    3 out of 5 stars

5 stars if you're new to investing

It's a 5-star book for people new to investing. I didn't realize it was just a simplified version of his other books (which I own, and are excellent), so I'm giving this 3 stars because I wouldn't have ordered it had I known. Probably just my fault for not doing more research on it before I ordered.

It's similar in tone, depth and intended audience to "The Little Book that Beats the Markets" and I'd probably put it in my Top 5 recommend books for beginners:

1. Little Book that Beats the Markets
2. The Acquirer's Multiple
3. The 5 Rules for Successful Investing
4. Essays of Warren Buffett
5. Think Twice (or some other intro to Behavioral Psychology)

5 of 6 people found this review helpful

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    5 out of 5 stars
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Loved it!

Loved it, learned a lot. I wish this was being covered in school for the youngsters today. Practical, user friendly, and you can tell that the writer wants you to understand.

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    4 out of 5 stars
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Better in text than audio

Although narrator did good job on this book since I'm reading kindle book while listening using whispersync, I felt there are many places in book where I had to look at graphs and analyze figures.Its one of the best books on value investing I have read,

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Worth your time if you invest in individual stocks

Great little book and worth your time if you invest in individual stocks. You can start calculating and using the Acquirer's Multiple to value stocks right away. I found the book to be useful and interesting, especially the results of the simulations they ran using this technique and comparing it against Greenblatt's "Magic Formula." Will give you a better understanding of the effects of cash and debt on valuation. If you already know all about that then you may not get as much out of it.

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    3 out of 5 stars
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    3 out of 5 stars

too basic

The author explains right up front that this is not a book for investors. He spends an inordinate amount of time explaining what the market cap is. I cannot help but give this the analogy, you are to make dynamite, however, safety issues will be skipped and detailed instructions will not be given. That said, I will study what I can about the author & his other works, he does show you where the path begins.

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    1 out of 5 stars
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    1 out of 5 stars

trying too hard

really tried to give this book a chance, but it tries to be a method for "smart people" so they can feel like they have their own version of Joel Greenblatt's magic formula.

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Great book for any investor!

Easy to understand why value investing works. I enjoyed the stories about Warren Buffet, Carl Icon, and Dan Loeb. Toby Carlisle is da man!

0 of 4 people found this review helpful

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  • bonde
  • 08-14-18

Horrible

This book not only has a lot of falsehoods in it but it is a pathetic excuse for an investment book people taking advice from this book will be much more worse off.

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  • Martin
  • 04-17-18

Would recommend

This was an excellent book which describes the basic principles of valuing a company.. I have been on Toby's website multiple times but never really knew how to use the screeners.. now I know..
I would recommend for anyone looking to gain some knowledge on the acquirers multiple number.. how its calculated and how to use it..

It's not too long either.. very manageable

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  • samo
  • 12-28-17

Perfect intro to the value investing world

excellent intro for beginners for sure. Awesome work with all the back testing... very up to date value investing. highly recommended