The Art of Value Chuck Akre Said This About How to Find 100 Baggers
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
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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.