Brian Yacktman – “….once you have this huge network, you also have the upside optionality of pushing more services to your network. Because now you have distribution and can cross sell, whatever that might be. And so the bottom line is, Network Effects, with high switching costs, in an industry growing faster than GDP, and […]

“….so long as we have business being conducted in the world people are going to want to issue debt to lower their cost of capital. And so, these guys, [Moody’s and S&P Global] we view them as just having an evergreen cash flow and that they have pricing power on that Global debt issuance industry […]

Brian Yacktman “My takeaway as I’ve looked back over this earnings season is that I feel most comfortable being aligned with businesses that have pricing power so that whether we have inflation, deflation, no matter what happens, whatever economic scenario we face, the businesses are robust in the face of that. And so, when I […]

“They’re the gatekeepers because they’ve essentially created a globally recognized language all around the world that’s used to rate the riskiness, to communicate the riskiness, of debt. So if you were to try to go around them and use a different language, that’s not well known, your cost of debt actually goes up.” To view […]

“And really to us that’s the…….perfect opportunity when investors are saying – Hey, this business is really great in the long run, but we’re fearful that maybe it’s going to have tough comparisons year over year, now is not the time to buy it. Those short-term concerns usually lead to some of the best mispricing […]

AUSTIN, TEXAS, November 19th, 2020 – Today YCG, LLC (“YCG”) is pleased to announce that the firm has surpassed $1 billion in assets under management. Brian Yacktman, President, Founding Partner, President and Chief Investment Officer of YCG, thinks that the firm’s returns are just one part of the equation, however.   “These past few years, we […]