Bottleneck Business A bottleneck business is a term created by Akre Capital Management and it describes a business that: a) sits atop large, global, secular growth opportunities fed by multiple industries and geographies, b) has those opportunities funneled (hence the… Read More
The AMM Dividend Growth Podcast Episode 15: Why We Trimmed Microsoft & Costco
Listen Books AMM Dividend Letter Vol. 1 AMM Dividend Letter Vol. 2 AMM Dividend Letter Vol. 3 Wisdom on Value Investing Transcript Welcome to the 15th episode of the AMM Dividend Growth Podcast. I’m Glenn Busch the lead portfolio manager… Read More
AMM Dividend Letter 34: The Ostrich Paradox and Microsoft’s Dividend
In 2011 the Japanese city of Miyako was destroyed by the Tsunami created by the Tōhoku earthquake. Sadly, this was not the first time a Tsunami destroyed the city. In 1933 Miyako was destroyed by another Earthquake and Tsunami. 42%… Read More