TIP680: Investing in Exceptional Businesses for the Long Run w/ Dev Kantesaria

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.


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