One of the questions we like to ask [the CEO particularly] is, how do you measure if you’ve been a success managing this business? As you might expect some say the price of the stocks goes up, or we hit our earnings target, or we delivered on all the things the board asked of us. It’s a rare occasion that the CEO articulates an idea that shows he understands the idea of compounding the economic value per share.
Charles T. “Chuck” Akre, Jr. – American value investor, founder, CEO and CIO Akre Capital Management (b. 1942), Quotations book 2024