The Three Legged Stool and Finding Compounders

Chuck Akre Describes his approach to finding excellent businesses and not paying too much

http://www.youtube.com/watch?y=AYEjcZc7OA8&feature=results_video&playnext=1&list=PL29616AFC05B6C76B

American Tower (“AMT”) was mentioned as one of Mr. Akre’s investments.

My weekend plans include spending time with American Tower: http://www.americantower.com/atcweb/irpages/irannualreports.asp

Perhaps by studying how American Tower has been so successful in redeploying capital at high rates I will learn how much to pay for future growth. We can profit more from studying businesses than be caught up in the sound and fury of the day-to-day noise.

Have a Great Weekend!

Who invented SPAM? http://www.youtube.com/watch?v=anwy2MPT5RE

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