A classic value approach guides Chuck Akre (Trades, Portfolio)’s investment decisions, and, by extension, his Akre Capital Private Asset Management. The firm’s recent track record illustrates how successful his approach has been, with returns of 11.53% in 2014, 18.5% in 2013 and 37.54% in 2012.
Akre’s most significant second-quarter transaction was his sale of his 4,622,412-share stake in Discovery Communications Inc. (NASDAQ:DISCK), a Silver Spring, Md.-based mass media and entertainment company, for an average price of $30.93 per share. The deal had a -3.52% impact on Akre’s portfolio. Continue Reading »