5 famous investing mantras by Chuck Akre that explain his success in the stock market

livemint.com:

Gaining knowledge from the most accomplished individuals enables you to thrive. This clarifies why many investors eagerly heed the insights of Chuck Akre, an American investor, financier, and businessman. As the founder of Akre Capital Management, Akre underscores how his perspectives are significantly shaped by the writings of Warren Buffett, particularly in relation to his understanding of creating shareholder value.

The Akre Focus Fund has demonstrated an annualized return of 16.72 per cent since its establishment in August 2009, serving as evidence of Akre’s keen business insight and comprehension of stock market dynamics. While it’s important to note that past performance doesn’t guarantee future results, the fund’s impressive track record implies that it is a well-administered investment option worth exploring for those seeking long-term growth.

Chuck is an individual who values privacy and opts to steer clear of continuous and intrusive media attention. To understand his investment principles, one must glean insights from his interviews and writings.

Akre employs a distinctive investment strategy that has shown considerable success. In contrast to numerous investors who attempt to forecast market trends, he adopts a contrarian approach, concentrating on identifying excellent companies trading at reasonable prices. This method has contributed to the long-term outperformance of the Akre Focus Fund compared to the broader market.

The fundamental philosophy isn’t merely about buying and holding. Instead, it involves owning outstanding businesses until they cease to be exceptional. It’s a nuanced perspective on the traditional concept of buy-and-hold.

Certainly, the emphasis should be on owning excellent businesses