Principal at Eyquem Investment Management LLC
Contributor's Links: Greenbackd Carbon Beach

My name is Tobias Carlisle. I am the founder and portfolio manager of Carbon Beach Asset Management, LLC. Carbon Beach pursues a deep value, contrarian, Grahamite investment strategy based on ... more

ALL CONTRIBUTIONS

International Evidence For The Acquirer’s Multiple Investment Strategy
A new paper called examines the performance of the enterprise multiple (EV/EBITDA) in international markets. The paper, confirms the US evidence that cheap enterprise multiple stock outperform expensive enterprise multiple stocks by about 1% monthly.
Read
Car Icahn And T. Boone Pickens Go Toe-to-Toe
T. Boone Pickens sat down with legendary businessman and activist shareholder, Carl Icahn. The two men discussed energy security, including the effect of Saudi oil exports on America’s production, Carl’s views on the markets and much more.
Watch

STOCKS I FOLLOW

AAPL Apple Inc.
DIA SPDR Dow Jones Industrial Average
IWD iShares Russell 1000 Value Index Fund
KKR KKR & Co. L.P.
MOV Movado Group Inc.
QQQ PowerShares QQQ Trust Series 1
SPY SPDR S&P 500
UVG ProShares Ultra Russell1000 Value
VONV Vanguard Russell 1000 Value ETF

TWEETS

PERSONAL BLOG

Latest Posts

Work Experience

Managing Member
Eyquem Investment Management LLC
February 2010 - Present (10 years 10 months)
Analyst
Trojan Investment Management
September 2008 - February 2010 (1 year 6 months)

Trojan Investment Management managed Trojan Equity Limited, an investment company listed on the Australian Stock Exchange. Trojan's key focus was absolute returns achieved by investing primarily in undervalued asset situations, where there existed a likely catalyst for the discount to valuation to be reduced or removed.

General Counsel
PIPE Networks Limited
February 2006 - September 2008 (2 years 8 months)
Lawyer / Associate
Minter Ellison
October 2003 - February 2006 (2 years 5 months)

Education

The University of Queensland
Bachelor of Laws
1997 / 2001
Banking, Corporate, Finance, and Securities Law
The University of Queensland
Bachelor of Business
1997 / 1999
Management, Finance

Publications

Deep Value: Why Activist Investors and Other Contrarians Battle for Control of Losing Corporations
Tobias Carlisle
Wiley
08/18/2014

Deep Value offers investors an authoritative exploration of the philosophy of deep value investment. Written by Tobias Carlisle—an active value investor and the well-known blogger at greenbackd.com—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. Filled with engaging anecdotes and meticulous research, the book illustrates the principles and strategies of deep value investing and examines the counterintuitive idea behind its extraordinary performance. Deep Value is a practical guide that reveals little-known valuation metrics that activist investors and other contrarians use to identify attractive, asymmetric investment opportunities with limited downside and enormous upside.

Quantitative Value: A Practitioner's Guide to Automating Intelligent Investment and Eliminating Behavioral Errors
Tobias Carlisle & Wesley R. Gray
WIley
01/11/2013

A must-read book on the quantitative value investment strategy.

Warren Buffett and Ed Thorp represent two spectrums of investing: one value driven, one quantitative. Where they align is in their belief that the market is beatable. This book seeks to take the best aspects of value investing and quantitative investing as disciplines and apply them to a completely unique approach to stock selection. Such an approach has advantages over pure value or pure quantitative investing. This new investing strategy framed by the book is known as quantitative value, a superior, market-beating method to investing in stocks.

Quantitative Value provides practical insights into an investment strategy that links the fundamental value investing philosophy of Warren Buffett with the quantitative value approach of Ed Thorp. It skillfully combines the best of Buffett and Ed Thorp--weaving their investment philosophies into a winning, market-beating investment strategy.