Chris Cerrone, a Partner at Akre Capital Management, stops by The Business Brew for a discussion about his investment philosophy, simplicity, the definition of quality, and much more. Chris’ paper, The Art of (Not) Selling, really made an impression on Bill. This discussion follows up on that paper, among other topics.
Prior to joining Akre Capital Management in 2012, Chris served as an equity research analyst for Goldman Sachs & Co. in New York from 2010 to 2012. In that position, he covered restaurant and retail companies. He began his investment management career in 2007 as a junior equity research analyst with Century Capital Management in Boston. Chris graduated summa cum laude with a B.A. in economics from Tufts University.
Bill really enjoyed listening to Chris talk about how Mr. Akre would push Chris to find the essence of a business. That enables an analyst to then focus on THE most important question.
Books mentioned include:
https://www.amazon.com/Zen-Art-Motorcycle-Maintenance-Inquiry/dp/0060589469
https://www.amazon.com/Lila-Inquiry-Robert-M-Pirsig/dp/0553299611/ref=pd_lpo_2?pd_rd_i=0553299611&psc=1
https://www.amazon.com/The-Art-of-Learning-Josh-Waitzkin-audiobook/dp/B00JE2WEEK/ref=sr_1_1?crid=3DQ5DXHBNOWB7&keywords=the+art+of+learning&qid=1643803876&s=books&sprefix=the+art+of+learning%2Cstripbooks%2C83&sr=1-1
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