New Delhi, Feb. 21 -- Founder of Akre Capital Management Chuck Akre is famous for his contrarian approach to investing where he focuses on quality over quantity.

His approach towards investing, which he calls the "Three-Legged Stool," is based on three eternal tenets that he uses to strategically plan and invest and which have served him in the long run.

Here are five most essential tenets drawn from Akre's investment approach:

Akre invests in high-quality businesses with extremely good business models and sustainable competitive edges. He seeks to invest in firms with high return on equity (ROE) and capital, which can perform well under different economic conditions. The focus here is to select solid businesses that are debt free and ...