netnet Posted August 3, 2014 Share Posted August 3, 2014 The great owner-operators with tremendous capital allocation skills have delivered great returns over the years. Investing in the best have made many people reliably rich. (In a way this is a bit like reframing the question of who is the next WEB.) So in the major leagues (really the hall of fame) we have: WEB Singleton Malone Any nominations coming up from the minor leagues? I nominate Brian Dalton. ( more than 10 years of 20%) Others?? Link to comment Share on other sites More sharing options...
ItsAValueTrap Posted August 4, 2014 Share Posted August 4, 2014 Some possible candidates: Bill Gates - no longer a CEO *David Zaslav / Discovery (DISCA) *Michael Fries / LBTYA *Tom Rutledge / Charter Richard Kinder / Kinder Morgan (KMI) Bill Erbey / ASPS and AAMC *Brett Roberts / Credit Acceptance Stanley Ma / MTY Food Group Murray Stahl / FRMO *Michael Fifer / Ruger Retail: *Christine Day / former CEO of Lululemon *Bob Sasser / Dollar Tree Carol Meyrowitz / TJX *Allen Questrom *Mickey Drexler * = Doesn't fulfill owner operator criteria. Link to comment Share on other sites More sharing options...
Palantir Posted August 4, 2014 Share Posted August 4, 2014 Jeff Bezos Mark Zuckerberg Phil Knight Link to comment Share on other sites More sharing options...
smathew Posted August 4, 2014 Share Posted August 4, 2014 William P. Stiritz / Post Holdings Link to comment Share on other sites More sharing options...
Ross812 Posted August 4, 2014 Share Posted August 4, 2014 Brian Joffe - Bidvest - 17% CAGR for 23 years - food service and vertical distribution Link to comment Share on other sites More sharing options...
Guest 50centdollars Posted August 4, 2014 Share Posted August 4, 2014 I second Stanley Ma at MTY Group Link to comment Share on other sites More sharing options...
jouni1 Posted August 4, 2014 Share Posted August 4, 2014 misunderstood ;D Link to comment Share on other sites More sharing options...
jouni1 Posted August 4, 2014 Share Posted August 4, 2014 I nominate Brian Dalton. ( more than 10 years of 20%) he would be an even greater leader if this thread was made in 2007! doing almost 20x in four years makes 10 years of 20% seem like child's play. Link to comment Share on other sites More sharing options...
topofeaturellc Posted August 4, 2014 Share Posted August 4, 2014 I would suggest that by the time you identify great owner operators you are unlikely to make money investing along side them. Merely because unlike them you normally don't get the opportunity to invest at book. Link to comment Share on other sites More sharing options...
KCLarkin Posted August 4, 2014 Share Posted August 4, 2014 I would suggest that by the time you identify great owner operators you are unlikely to make money investing along side them. Merely because unlike them you normally don't get the opportunity to invest at book. I don't think this claim has a factual basis. For one thing, you do get to invest at book (retained earnings). Over the life of a great company, the retained earnings will be much higher than the initial book value. Link to comment Share on other sites More sharing options...
Liberty Posted August 4, 2014 Share Posted August 4, 2014 I would suggest that by the time you identify great owner operators you are unlikely to make money investing along side them. Merely because unlike them you normally don't get the opportunity to invest at book. I don't think this claim has a factual basis. For one thing, you do get to invest at book (retained earnings). Over the life of a great company, the retained earnings will be much higher than the initial book value. There are all kinds of structural factors too. Murray Stahl has tons and tons of pieces on owner operators explaining why the market constantly undervalues these companies. Link to comment Share on other sites More sharing options...
Zorrofan Posted August 4, 2014 Share Posted August 4, 2014 Jeff Bezos Mark Zuckerberg Phil Knight Zuckerberg? I doubt in 10 years Facebook will be relevant. It is no longer hip or cool (or whatever term kids use these days). i watched an interesting interview where they interviewed three teenagers - the response was Facebook is what my parents use. I just don't see it lasting the way Amazon or Google will.... cheers Zorro Link to comment Share on other sites More sharing options...
Palantir Posted August 4, 2014 Share Posted August 4, 2014 Zuckerberg? I doubt in 10 years Facebook will be relevant. It is no longer hip or cool (or whatever term kids use these days). i watched an interesting interview where they interviewed three teenagers - the response was Facebook is what my parents use. I just don't see it lasting the way Amazon or Google will.... What do you think will replace it? Link to comment Share on other sites More sharing options...
Dustin T Posted August 4, 2014 Share Posted August 4, 2014 Both Norman Asbjornson with AAON and Valentin Gapontsev with IPGP have doubled my money and continue to outperform their respective industries, though both are currently quite expensive. Link to comment Share on other sites More sharing options...
rkbabang Posted August 4, 2014 Share Posted August 4, 2014 Zuckerberg? I doubt in 10 years Facebook will be relevant. It is no longer hip or cool (or whatever term kids use these days). i watched an interesting interview where they interviewed three teenagers - the response was Facebook is what my parents use. I just don't see it lasting the way Amazon or Google will.... What do you think will replace it? If I Zorrofan knows that, then he'd be busy creating it. Or at the very least investing in it. And I doubt he'd share it with us yet. Link to comment Share on other sites More sharing options...
premfan Posted August 4, 2014 Share Posted August 4, 2014 number # 1 criteria = Amazing investing track record. Min of 7 years. number # 2criteria= Egoless owner operator that lets management of subs do there job. verdict= dhando holdings Link to comment Share on other sites More sharing options...
premfan Posted August 4, 2014 Share Posted August 4, 2014 Good call on Stanley Ma. Amazing track record in highly fragmented industry. Stock is never reasonable though... Link to comment Share on other sites More sharing options...
Guest longinvestor Posted August 4, 2014 Share Posted August 4, 2014 What exactly is "long term" in the title of this thread? 10, 20....50 years? Actually, some of the greatest owner operators are amongst the BRK operating companies. Here, long term takes on a new meaning, longer than their own lifetimes. Now, that is long term. Walter Scott, Eitan Wertheimer, Rose Blumkin, Clayton et al. Link to comment Share on other sites More sharing options...
thomcapital Posted August 4, 2014 Share Posted August 4, 2014 Both Norman Asbjornson with AAON and Valentin Gapontsev with IPGP have doubled my money and continue to outperform their respective industries, though both are currently quite expensive. Hey nice to find someone else who appreciates good 'ol Norm! Link to comment Share on other sites More sharing options...
ItsAValueTrap Posted August 4, 2014 Share Posted August 4, 2014 Good call on Stanley Ma. Amazing track record in highly fragmented industry. Stock is never reasonable though... There were a few years when the company was buying back shares and Stanley Ma had bought a huge chunk of the company. The stock went up around 100X (yes, one hundred). Link to comment Share on other sites More sharing options...
Zorrofan Posted August 4, 2014 Share Posted August 4, 2014 Zuckerberg? I doubt in 10 years Facebook will be relevant. It is no longer hip or cool (or whatever term kids use these days). i watched an interesting interview where they interviewed three teenagers - the response was Facebook is what my parents use. I just don't see it lasting the way Amazon or Google will.... What do you think will replace it? If I Zorrofan knows that, then he'd be busy creating it. Or at the very least investing in it. And I doubt he'd share it with us yet. I wish I had invented it - but the teenagers they interviewed on the show said that they and all of their friends were using Snapchat......my point is that it is way too early to put Zuckerberg in with the likes of WEB. cheers Zorro Link to comment Share on other sites More sharing options...
netnet Posted June 12, 2015 Author Share Posted June 12, 2015 Additions to the list with caveats: Leonard at Constellation Software (CSU): the stock is expensive and he is reducing his workload. honorable mention for Don Graham at Graham Holdings (GHC) He seems to be in a slow motion liquidation. Link to comment Share on other sites More sharing options...
Guest notorious546 Posted June 12, 2015 Share Posted June 12, 2015 I've attached an commentary that aligns well with this view point from QV Investors. These guys are an value oriented group of funds run out of Calgary, Alberta, Canada. Commentary.pdf Link to comment Share on other sites More sharing options...
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