Chuck Akre’s wisdom can simplify the most complex ideas in investing.
I’ve summarized 11 of his most impactful quotes.
These will teach you more than 11 books x.com
I’ve summarized 11 of his most impactful quotes.
These will teach you more than 11 books x.com
3. Continuous learning
“I have this motto in life as well as in business, which is: every day, I’m lucky if I have learned something new and I’m doubly lucky if it hadn’t cost too much.” x.com
“I have this motto in life as well as in business, which is: every day, I’m lucky if I have learned something new and I’m doubly lucky if it hadn’t cost too much.” x.com
4. Compounders
"If we buy companies in which shareholders’ capital compounds at a 20% rate of return over a reasonable time period and we pay a below-average multiple for it, our investors will do extremely well. " x.com
"If we buy companies in which shareholders’ capital compounds at a 20% rate of return over a reasonable time period and we pay a below-average multiple for it, our investors will do extremely well. " x.com
5. When to sell
"When we find really good ones our experience has been it’s been a mistake to sell them even at very high valuations, you just live through it." x.com
"When we find really good ones our experience has been it’s been a mistake to sell them even at very high valuations, you just live through it." x.com
7. Long-term
"Compounding does not, and cannot, happen over the course of a year or two or even five. Compounding requires decades...Rough markets and share price declines do not have to be enjoyed. But to compound, they must be endured." x.com
"Compounding does not, and cannot, happen over the course of a year or two or even five. Compounding requires decades...Rough markets and share price declines do not have to be enjoyed. But to compound, they must be endured." x.com
8. Management
“We’re looking for managers who have demonstrated they are ‘killers’ at business execution, and who have a history of always acting in the best interests of all shareholders.” x.com
“We’re looking for managers who have demonstrated they are ‘killers’ at business execution, and who have a history of always acting in the best interests of all shareholders.” x.com
9. Valuation
“We will be very disciplined about the price we are willing to pay, as in the end our rate of return will be determined not only by the quality of the businesses we choose to own, but importantly by the starting price as well.” x.com
“We will be very disciplined about the price we are willing to pay, as in the end our rate of return will be determined not only by the quality of the businesses we choose to own, but importantly by the starting price as well.” x.com
10. Pricing power
“Our favorite businesses will be those which exhibit real pricing power with their brands, which require modest amounts of capital to prosper, which are run by people with equal parts skill and integrity." x.com
“Our favorite businesses will be those which exhibit real pricing power with their brands, which require modest amounts of capital to prosper, which are run by people with equal parts skill and integrity." x.com
11. Risk
“The relative low level of risk comes not from the absence of volatility, but rather, from the strength of the businesses themselves." x.com
“The relative low level of risk comes not from the absence of volatility, but rather, from the strength of the businesses themselves." x.com
That's it for today. Did you like this?
Grab this PDF with 100 (!) examples of Quality Stocks here: compounding-quality.ck.page
Grab this PDF with 100 (!) examples of Quality Stocks here: compounding-quality.ck.page
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