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