Episode Details
Back to Episodes
TIP680: Investing in Exceptional Businesses for the Long Run w/ Dev Kantesaria
Description
On today’s episode, Clay is joined by Dev Kantesaria to discuss the current market environment, the types of investments he is looking for, FICO, S&P Global, and much more.
Dev is the founder and portfolio manager at Valley Forge Capital Management. The firm has been highly successful since its inception in 2007, as it’s outperformed the S&P 500 by a wide margin and has over $4 billion in assets under management.
IN THIS EPISODE YOU’LL LEARN:
00:00 - Intro
01:46 - Dev’s view on the current market environment and the recent stock market rally.
05:02 - How Valley Forge Capital Management adopted Warren Buffett and Charlie Munger’s investment approach.
09:16 - Why predictability is an essential part of Dev’s investment approach.
11:32 - Why Dev has decided not to invest in any Big Tech companies.
37:11 - Why pricing power is the hallmark of a great business.
53:30 - Why Dev will continue to invest in the US despite optically higher valuations.
56:59 - The reason Dev loves compounding machines that perform share repurchases.
And so much more!
Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.
BOOKS AND RESOURCES
- Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, Kyle, and the other community members.
- Check out Valley Forge Capital Management.
- Related Episode: Listen to TIP389: Buffett's Core Principles w/ Dev Kantesaria, or watch the video.
- Follow Clay on Twitter.
- Check out all the books mentioned and discussed in our podcast episodes here.
- Enjoy ad-free episodes when you subscribe to our Premium Feed.
NEW TO THE SHOW?
- Follow our official social media accounts: X (Twitter) | LinkedIn | Instagram | Facebook | TikTok.
- Check out our We Study Billionaires Starter Packs.
- Browse through all our episodes (complete with transcripts) here.
- Try our tool for picking stock winners and managing our portfolios: TIP Finance Tool.
- Enjoy exclusive perks from our favorite Apps and Services.
- Stay up-to-date on financial markets and investing strategies through our daily newsletter, We Study Markets.
- Learn how to better start, manage, and grow your business with the best