February 18, 2011
American Public Education, Inc. (APEI)
Written By Seth Jayson
From Motley Fool Hidden Gems: “We’re opening a 1% position in Portfolio Candidate American Public Education, Inc. (APEI). We think the market isn’t seeing this company’s potential because it’s stuck in an out-of-favor industry. … If you want to distill the current fiasco in the education industry into a single sentence, you can’t do much better than these words of wisdom from Warren Buffett’s distinguished sidekick, Charlie Munger: ‘Well, I think I’ve been in the top 5% of my age cohort all my life in understanding the power of incentives, and all my life I’ve underestimated it.’ Hardly a week passes without news of unscrupulous admissions officers preying on innocent, hardworking Americans who are just trying to get a leg up in life. …”
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Seth Jayson and Andy Cross, Motley Fool Hidden Gems, 1/11/11