Become a Patron Now to Access My Exclusive Content – Top Performers, Portfolio, Watchlist.
Chuck Akre’s “three-legged stool” – the three foundations of “Compounding Machines”, as he calls them:
“(1)The first leg of the stool has to do with the business models that are likely to compound the shareholders’ capital at above-average rates, combined with leg two, (2) people who run the business who are not only exceptional at running the business but also see to it that what happens at the company level also happens at the per share level–and then leg three, (3) where because of the nature of the business and the skill of the manager there is both history as well as an opportunity to reinvest all the excess capital they generate in places where they earn these above-average rates of return.”
Subscribe to my free investment newsletter for more investing ideas: http://eepurl.com/bFmxAT