Tobias Carlisle

Hello Listeners, Tobias is back for another episode with my co-host, Adam. Tobias is the author of the "Acquirer's Multiple" and founder and managing partner at Carbon Beach Asset Management. 1:25 – Just curious to start out with a 30,000 foot view where the Acquirer’s Multiple fits into this and what you are adding? 6:32 – Do you think that American Express investment represented the shift in the evolution into Buffet’s style like the first non-Ben Graham style investment? 12:26 – What is the apples to apples outperformance of the Acquirer’s Multiple methodology compared to Greenblatt’s magic formula? 12:56 – Have you had the opportunity to speak with Greenblatt and present your findings to him? 14:19 – The Acquirer’s Multiple methodology? 16:42 – How do you spend most of your day? 22:51 – What are your views on the passive versus active debate? 22:50 – So you start out with the screen and look at each company and then defer back to the screen, how do you does the process work? 26:45 – Did you construct this system yourself? 29:37 – If you had to pick one stock and hold it for the next 30 years? 30:47 – How many factors due you screen on? 32:41 – What advice would you give a young millennial entering the money management business? 34:28 – What is the most important thing people do not know about you? 39:05 – What do you know now that you wish you knew then? 42:37—What do you do for fun? Enjoy and thanks for the listen!