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Filtering Insider Trades: Materiality and 'Free Will' Buying Explained | Tweedy Browne

The Acquirers Podcast discusses their insider trade filtering process, which involves identifying buys over $100,000, checking for "free will" purchases, and applying a proprietary "value score" based on valuation factors relative to the S&P 1500. They also touch on portfolio diversification rules, limiting exposure to any single industry or country, and provide an example of insider buying in US banks following the Silicon Valley Bank crisis.

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Insider buying in small and midcap US banks, including Silicon Valley Bank, occurred after its troubles in 2023.

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