For Immediate Release
Chicago, IL – June 25, 2021 – Zacks Value Investor is a podcast hosted weekly by Zacks Stock Strategist Tracey Ryniec. Every week, Tracey will be joined by guests to discuss the hottest investing topics in stocks, bonds and ETFs and how it impacts your life. To listen to the podcast, click here:
Guy Spier’s Buffett-Like Portfolio
Welcome to Episode #241 of the Value Investor Podcast.
Every week, Tracey Ryniec, the editor of Zacks
Value Investor portfolio
, shares some of her top value investing tips and stock picks.
This week, Tracey takes a look at value investor manager Guy Spier’s portfolio at Aquamarine Capital.
Spier famously won the annual Warren Buffett charity lunch in 2007, paying $660,000, which at that time was the highest ever paid. He attended the lunch for 3 ½ hours and has called it “life changing” in interviews.
He is value investor and holds a concentrated portfolio of just 12 stocks.
Following in Buffett’s Shadow
The largest holding in Spier’s Aquamarine Capital is
Berkshire Hathaway
BRK.B
. He owns both the B shares and the A shares. It makes up 21% of the entire portfolio.
Bank of America
BAC
and
American Express
AXP
are the two next largest positions, at 15.5% each.
Both of those companies can also be found in Berkshire Hathaway’s portfolio.
Technology Stocks on Sale
However, in the second quarter of 2020, when the global stock markets sold off on the coronavirus pandemic, Spier took the opportunity to jump in on some of the big cap technology names.
He bought small positions in both
Twitter
TWTR
and
Alphabet
GOOGL
.
Neither one would have been considered “classic” value stocks ala Buffett or Ben Graham, even on the sell-off.
But they were “cheap” compared to their peers and historic valuations in their industries.
Twitter is up 85.5% and Alphabet has gained 68.6% over the last year versus the S&P 500’s gains of 34.5%.
What lessons can you take from Spier’s concentrated value portfolio?
Find out the answers on this week’s podcast.
[In full disclosure, Tracey owns shares of GOOGL in her personal portfolio.]
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Past performance is no guarantee of future results. Inherent in any investment is the potential for loss.
This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit
https://www.zacks.com/performance
for information about the performance numbers displayed in this press release.
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