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.
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