Published on 9 Feb 2024 on GuruFocus.com via Yahoo Finance
Akre Capital Trims Mastercard and Visa in the 4th Quarter
Insights into Akre's Q4 Moves and the Impact on Mastercard Inc
Akre Capital Management has made notable changes to its portfolio in the fourth quarter of 2023. With over two decades of experience at Johnston, Lemon & Co. and a subsequent tenure at Friedman, Billings, Ramsey & Co., Chuck Akre (Trades, Portfolio) has honed a value investment strategy centered around his "three-legged stool" philosophy. This approach seeks out companies with exceptional business models, adept management, and lucrative reinvestment opportunities. The firm's long-term focus on economic value per share growth often leads it to view short-term market fluctuations as potential investment opportunities.
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