Oct 14, 2022Liked by The Rational Walk

Hi Rational Walk,

Thank you for the great profile.

Free cash flow for fiscal year 2022 is negative, yet John Neff, one of Chuck Akre's successors, wrote in an article that FCF per share grew 47%. https://www.akrecapital.com/why-compounding-is-so-difficult/

I was trying to figure out how he calculated this but to no avail. Math is not my strong suit anyway.

Do you have any idea how Akre Capital arrived at this 47% increase in FCF for FY 2022?

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