Dev Kantesaria, what is your formula for quality investing?
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- เผยแพร่เมื่อ 22 ก.ค. 2024
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Dev Kantesaria is one of the two decision-makers at Valley Forge Capital Management. In his portfolio (www.dataroma.com/m/holdings.p..., he focuses on high-quality stocks. You can get to know his high-quality approach in detail in our interview.
We have discussed the following:
00:00 Check out Interactive Brokers @ good-investing.net/ib/
00:38 Who is Dev Kantesaria?
01:25 Resisting short-term trading
02:58 Dev Kantesaria's competitive advantage
06:40 Managing emotions
09:59 The business mindset
12:01 Venture investing vs public equities
15:05 Starting over in a new field
19:10 Compounding machines
29:55 Networking in investing
32:55 Staying away from healthcare stock
33:57 Research
36:12 Being a "historian" of a company
39:27 Managing groupthink
41:10 Pricing power
46:10 Management
50:20 "Too good to be true" examples
53:35 Historic lessons
01:00:23 The current market
01:01:42 Reflections on Amazon
01:06:10 Margin of safety
01:09:55 Picking stock from a limited universe
01:14:20 Community Exclusive: Selling
01:15:10 Closing thoughts
01:17:28 Thank you
01:17:41 Disclaimer
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#goodinvesting #qualityinvesting #stockpicking
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Every time I hear him speak, I come back thinking he is the true successor to the Buffet way and should be running Berkshire. It’s the same simplicity in thought, valuing patience and complete adherence to principles.
Hahaha... I will pay you a beer if that happens 😅
Great interview, Dev is so underrated by the wider community! Simplicity is the ultimate sophistication.
Dev says they have a quantitative bar w.r.t what they are willing to pay up for these businesses - would have liked to know what that is!
Amazing quality interview and portfolio. Reminds me a little bit of Guy Spier.
He speaks so clearly about investing. Really, easy to understand.
Very informative video. As an investor myself (still learning), I really found this video informative and enjoyable to watch. Thank You!
Very happy to have helped you! 😊
Thanks for bringing Dev. Always love to hear his insights.
He was optimistic about Amazon but exited his position in Q4 2022 to Q1 2023 (his fund seems to rarely sell) and significantly added to Intuit. Amazon’s margins are expanding, especially now with their ad business ramping up and materially reflecting in their earnings. The positive inflection point he suggests for Amazon is quickly approaching, so I’m curious if he will re-enter a position, given the current market downturn.
Good question to ask for the next interview :).
Such a great interview many thanks. Dan is really Super.
Thank you very much!
Thank you!!
Thanks for this video @5:19 investing philosophy.
You are welcome! 😊
I am surprised to see him enter the ASML position recently in Q2 2023 when he said he wants to avoid high R&D risk.
ASML is actually not very capital intensive. To my understanding theyre closer to an assembly company as opposed to a high capex company that manufactures these big bulky machines.
My number 2 name @@QualityInvest5
He clearly said he prefers monopolies and oligopolies. Can’t think of a more clear monopoly
Thank you!
Very nice interview, thanks.
Great Content! Thank you
Thank you ! Do you guys know where can I find his letters ?
Great! Thanks
Very good interview
Great!
I like this idea of Dev: Investing is the actual "Oreo Test" for grown ups.
We laugh at dogs and kids who can't hold back for 10 minutes but then we can't hold onto a stock that dips for a couple of months or doesn't go up with a year.
👏
Not even two minutes, and already a second call to action to CLICK ON THE LINK.
That's fine, ik was about to leave anyway.
Hey, thank you for the feedback. I will change that.
buy rice, sell rice! it's that simple.