RECENT PROGRAMS

THIS WEEK – DEBT BUBBLE RISKS

December 4, 2019

NEW THIS WEEK:
In part 2 of our podcast with influential economist David Rosenberg, he addresses the biggest problem currently facing governments, businesses, and consumers as global economies slow, plus where investors can find shelter in the next bear market.

WEALTHTRACK PREMIUM subscribers can watch this episode now.

Watch a preview:

PRESCIENT ECONOMIST DAVID ROSENBERG WARNS OF MOUNTING RECESSION SIGNS

November 29, 2019
Social Security has been one of the most popular topics on WEALTHTRACK over the years. During public television’s fall fundraising drive we are revisiting our interview with Social Security guru, Mary Beth Franklin who will tell us about an expiring benefit for those born by January 1, 1954, and for younger viewers why tracking your social security account early can pay off. You can watch the episode again here.
NEW THIS WEEK…
Influential economist David Rosenberg lays out a persuasive case for the end of the record-breaking economic recovery in part one of a two-part WEALTHTRACK podcast.
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IS CORPORATE AMERICA’S FOCUS ON PROFITS THE PROBLEM WITH CAPITALISM? TWO ENTREPRENEURS RESPOND

November 22, 2019

Do corporations need a new purpose? Does the free enterprise capitalist system need a major overhaul or a tune-up?

We have two guests with strong views on the topic. Ken Langone is Founder, Chairman, and CEO of Invented Associates. He is Co-Founder of the Home Depot where he was Lead Director and a member of the executive committee of its board from its founding in 1978 until 2008. He is a noted philanthropist and the author of I Love Capitalism!: An American Story.

He is joined By David Gardner, the Co-Founder, and Co-Chairman of The Motley Fool, a global online investing service launched with his brother Tom in 1993. Motley Fool’s purpose is to make the world smarter, happier and richer by helping individuals become better investors.

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RECESSION & BEAR MARKET RISKS WITH FINANCIAL THOUGHT LEADER JASON TRENNERT

November 15, 2019

As the Dow and S&P 500 hit new records this week, there is much to contemplate and for the markets to digest in the final weeks of 2019. Time to consult Jason Trennert of Strategas Research Partners, a financial thought leader who has the scope to put it all together and tell us what it means.
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EXTRAORDINARY COMPOUNDING COMPANIES

November 8, 2019

We are always on the lookout for the exceptional on WEALTHTRACK. It’s not easy to find among actively managed mutual fund managers. Only 23% of actively managed funds in all major categories, including stocks, bonds, and real estate outperformed their passive index fund rivals over the last ten years. And only about 8% of U.S. large-cap funds outperformed passive, the smallest margin among all active fund categories winners. No wonder that active U.S. stock funds are experiencing substantial outflows and passive stock funds are gaining assets. In a historic shift, passive assets in U.S. equity funds recently surpassed those in actively managed ones for the first time ever.

This week’s guests are bucking all of those trends. They are active managers in primarily large-cap U.S. stocks. They have been beating the market and peers by substantial margins over the last decade and they are attracting more assets.

Joining us for a rare interview is Chuck Akre and John Neff of Akre Capital Management

WEALTHTRACK Episode #1619; Originally Broadcast on November 08, 2019

Listen to the audio only version here:

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CHARLES “CHUCK” AKRE

JOHN NEFF

Consuelo Mack

We are always on the lookout for the exceptional on WEALTHTRACK.  It’s not easy to find among actively managed mutual fund managers. Only 23% of actively managed funds in all major categories, including stocks, bonds and real estate outperformed their passive index fund rivals over the last ten years. And only about 8% of U.S. large cap funds outperformed passive, the smallest margin among all active fund categories winners.  No wonder that active U.S. stock funds are experiencing substantial outflows and passive stock funds are gaining assets. In an historic shift, passive assets in U.S. equity funds recently surpassed those in actively managed ones for the first time ever.

This week’s guests are bucking all of those trends. They are active managers in primarily large cap U.S. stocks. They have been beating the market and peers by substantial margins over the last decade and they are attracting more assets.

Joining us for a rare interview is Chuck Akre, Founder, Managing Member, Chief Executive Officer and Chief Investment Officer of Akre Capital Management which he launched in 1989 and moved from a suburb of Washington D.C. to rural Middleburg, Virginia in 2002.

Of the approximately $13 billion Akre Capital manages, nearly $12 billion is in the flagship, Akre Focus Fund which he launched ten years ago. Akre Focus is rated five star and carries a Silver Medalist Analyst rating from Morningstar and has a superb  record, beating the S&P 500, the Russell 1000 Growth Index and its Large Growth  category by substantial margins over multi-year periods, including 17% annualized returns since inception. It’s done so with a concentrated group of companies, only 17 holdings currently, most of them which it holds for years.

Another key member of the Akre team is John Neff, partner at Akre Capital Management, who joined the firm as an analyst in 2009 and is now Co-Portfolio Manager of Akre Focus Fund.  Neff is not related to the late great investor by that name. He is building his own reputation at Akre Focus and is off to a good start.

If you are unable to join us for the show on television, you can watch it on our website over the weekend.  If you would prefer to take WEALTHTRACK with you on your commute or travels, you can find the WEALTHTRACK podcast on TuneInStitcher and SoundCloud, as well as iTunes and Spotify.  In this week’s web EXTRA feature Chuck Akre and John Neff share some personal insights on keeping mentally fresh.

Thank you for watching.  As the nation observes Veteran’s Day, we extend our gratitude and admiration to all who have served, including my husband and son. Have a memorable weekend and make the week ahead a profitable and a productive one.

Best regards,

Consuelo

PAY ATTENTION TO A MUTUAL FUND’S CULTURE AND INVESTMENT TEAM

    Continuity is important in a firm’s:

  • Leadership
  • Investment philosophy
  • Goals
  • Discipline

No Bookshelf titles this week.

EXTRAORDINARY VALUE EXCHANGE Buy Mastercard

MA Chart

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Mastercard Inc. (MA) MA Chart

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Visa, Inc. (V) V Chart

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Moody’s Corporation (MCO) MCO Chart

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American Tower Corporation (AMT) AMT Chart

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This transcript will be available soon. More information regarding WEALTHTRACK transcripts can be found here

Archive episodes available soon.

CHUCK AKRE: COMPOUNDING MACHINE

Great Investor Chuck Akre explains how he finds “compounding machines” – companies that produce high rates of returns for shareholders. Chuck says these companies are few and far between, but once he finds them, he holds on to them. The Akre Focus Fund is rated 5-star by Morningstar and has delivered nearly 19% annualized returns since its inception.

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AKRE: INDEPENDENT THINKING

Less than a decade ago, Great Investor Chuck Akre moved his offices from the Washington DC area to rural Virginia. The change in location has had the desired effect.

NEFF: MIND BROADENING

Akre Focus Fund’s co-portfolio manager John Neff is learning to recognize greatness outside of the investment field.

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