In this episode I summarize and discuss an interview with legendary investor Chuck Akre, in which he lays out his three-legged stool investing approach that has enabled him to achieve multiple 100 bagger stocks, and many multi-baggers. We look at examples from Akre Capital Management’s portfolio, and how his investment strategy has achieved such impressive returns over the long term.

Timestamps:

00:00 Chuck Akre intro

00:31 Akre Capital Management Portfolio

01:45 Investing from a one traffic light town

03:03 More qualitative than quantitative

03:34 Akre's three-legged stool approach

03:52 First leg

04:55 Second leg

05:25 Third leg

05:53 Not overpaying

06:18 The art of not selling

06:37 Portfolio company: Mastercard

08:22 Importance of keeping it simple

09:16 Importance of the businesspeople

10:33 Portfolio company: O’Reilly Automotive

10:59 100 to 1 in the Stock Market and 100 Baggers

12:50 100 bagger portfolio company: American Tower

14:53 Starting with small caps

15:48 When Akre sells - broken stools

16:19 Outro

Related episodes

Chris Mayer 100 Bagger Portfolio | Response to Stock Compounder

https://youtu.be/vzjCkGWoJfs

Chris Mayer 100 Baggers: Stocks That Return 100 to 1!

https://youtu.be/59CuGd2aAwg

Brookfield CEO Just Said This Re: Stock Market, AI, China, Energy

https://youtu.be/AWEvf2DcotI

Mohnish Pabrai: Key Investing Lessons from "Circling the Wagons”

https://youtu.be/TqC_m7-DPfM

Mohnish Pabrai Talks Constellation Software & Mark Leonard

https://youtu.be/xPI773-AE-I

Investing books recommended in the episode:

100 to 1 in the Stock Market : A Distinguished Security Analyst Tells How to Make More of Your Investment Opportunities - Thomas W Phelps (referral link): https://amzn.to/3JoThMN

100 Baggers: Stocks That Return 100-to-1 and How To Find Them - Christopher Mayer (referral link): https://amzn.to/3NH8OtT

The main investment brokerage I use to buy international stocks, and to hold cash, is Interactive Brokers (referral link): https://ibkr.com/referral/john5664

Using a referral link helps support the pod, thanks!

I use GuruFocus for historical, financial and valuation data, screeners, charts and comparison tools, to help me make smarter long-term investing decisions (refferal link):

https://www.gurufocus.com/?r=2c95d5930bb2537b2e0265075fb66581

Disclaimer: I am not a financial adviser. This content is for education and entertainment purposes only. Do your own analysis and/or seek professional financial advice before making any investment decision.

Ep. 129 How do you show up as a man?