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Chuck Akre – The Three-Legged Stool - [Invest Like the Best, EP.135]
Invest Like the Best with Patrick O'Shaughnessy
Bandad Tires
In the days when I was at a firm called Johnston Lemon in Washington, D.C., we had some interns who would go through our inboxes and see if they found anything interesting. One week later one of them came back with an email about Bandad that he thought was really interesting. He said it had very high returns in capital and it done well for a long period of time. And then the day the business really ran into trouble after expanding in some Western European countries where they land into labor issues and so on,. We owned it for a long time before moving on to something else. Most people wouldn't classify you as a value investor but value investing as a style has done very
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