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Chuck Akre explains his iconic Three-Legged Stool investing framework. The three business characteristics that together drive incredible long-term investment returns. Leg #1: Exceptional Business • Enduring, predictable high ROE & FCF • Identifiable, sustainable competitive advantages • Pricing power and inflation protection • Easy to understand • Avoid return-regulated... industries • Strong balance sheet Leg #2: Killer Management • Management with skill, integrity, and passion • Treating shareholders like partners • Lean corporate culture that fosters independence and accountability • Rational compensation Leg #3: Reinvestment Moat • Pattern of disciplined reinvestment • Long runway to reinvest at high returns on capital • Extensive opportunities to reinvest FCF organically or through acquisitions Video: "Trying to Solve the Investment Puzzle" - Chuck Akre (Talks at Google, 2017) CC: Alex Morris (TSOH Investment Research) Brandon Beylo Compound248 💰 Thomas Chua The Investing for Beginners Podcast Foxy the cat Simon Handrahan | MOS Capital Galician Investor Quality Research WorldStocks Chris Mayer SVN Capitalshow more

Quartr

151,023 subscribers

143,127 views • 2 years ago •via X (Twitter)

Finance Science & Technology Education

Anya Rossi• Live Now

Private livecam show

9 Comments

Pedro Ortiz2 years ago

So easy and so difficult at the same time...

Quartr2 years ago

Exactly!

Foxy the cat2 years ago

This is an excellent talk. Thanks!

Quality&Alpha 💹 📈 💸2 years ago

Astonishing work, my friend!!

TangerineCap2 years ago

Chuck has one of the best investment approaches and his success speaks for itself. He should be required reading for every investor.

Quartr2 years ago

We couldn’t agree more!

ryan2 years ago

Chuck Akre is definitely an investing idol of mine

Pratik Kodial2 years ago

This never gets old.. great share!!

Tadele Gelan2 years ago

Great piece of advice. Thank you for sharing.

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