Transcript
Introduction
Patrick
My guess today is Chuck Akre, a now widely famous investor, who founded Akre Capital Management in 1989, which now manages approximately $10 billion. We discuss his investing styles and his three-legged stool for evaluating companies. Please enjoy this great conversation.
So given that, Chuck, this is my first time here in Middelburg, I thought it would be a fun place to start with, the place where we're sitting. You've talked about the one traffic light town, as maybe an advantage. Something very different from the typical investor. Talk about Middelburg, why you're here and what you love about it?
Chuck
We're here because of, in effect, quality of life issues and I happen to be a person who works well without a lot of commotion around. I know lots of people in the business who love commotion and I've worked with most of them, but the low level of activity around here is just helpful for us, being able to sit there with our doors open and not be disturbed by outside events. Then as it relates to let's say Middelburg versus Central Park South, if my office were there, I'd have a thousand friends who are very bright and very interesting and I would be distracted. I'd become curious and engage in their though process and it would distract me from what it is that I do well.