Episode notes
On today’s episode, Clay Finck is joined by Pierre-Olivier Langevin to discuss the investment approach at Medici and several of their portfolio holdings. Medici boasts an exceptional investment track record, achieving 16.0% annualized returns since 2009 compared to 11.3% for their benchmark.
IN THIS EPISODE YOU’LL LEARN:
00:00 - Intro
01:35 - What led Pierre to join Medici just two years after they started.
06:08 - Medici’s formula for outperforming the market.
12:30 - How Pierre identifies the moat within a great business.
29:08 - Medici’s bull thesis on Dollarama.
38:36 - What keeps Medici in Meta stock.
49:36 - How Meta is approaching capital allocation.
56:05 - How Pierre gets comfortable with Meta given the level of change they are bound to see over the next decade.
01:04:19 - An investment overview of O’Reilly Automotive.
And so much more!
Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.
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