389 TIP. Buffett's Core Principles w/ Dev Kantesaria

On today’s episode I sit down with Dev Kantesaria. Dev is the Managing Partner of Valley Forge Capital Management, which currently has $2.7 B in assets. Dev holds an undergrad from MIT and was top of his class at Harvard Medical School before pivoting and going into venture instead of medicine. IN THIS EPISODE, YOU'LL LEARN: 00:00 - Intro 04:06 - First Time Dev to Discover Warren Buffet and Charlie Munger Investing Philosophies 03:38 - Does Dev Kantesaria Use Stock Screeners in Distilling the Universe of Stocks 08:45 - How Much Leg Work Is Done Before Picking a Stock 09:35 - Hedge Fund Structure Set Up of Dev Kantesaria 11:28 - Cash Allocation Strategy 12:59 - How to Invest Through Recessions 14:56 - Why Dev no longer invests in Biotech, after he spent 18 years in Biotech Ventures? 17:58 - Dev Kantesaria’s circle of competence 20:07 - Why Dev Kantesaria Is Shying Away From Faang Stocks? 22:38 - What Discount Rates/Hurdle Rate Is Dev Kantesaria Is Using? 25:16 - Dev Kantesaria’s Outlook for the Next 10 Years? 27:02 - What Does “Pressure on Employment” Mean 28:12 - What Is the Largest Holding in Dev Kantesaria’s Portfolio Which He Has the Most Conviction In? 33:11 - Biggest Learnings From Losers in Their Portfolio 37:18 - Have They Ever Used Activism Style Approach 39:54 - Is It Harder to Keep the Portfolio Concentrated as They Scale? 41:19 - Approach in Selling 43:14 - Possible Reason to Go In to a Leap 45:29 - Framework in Finalizing Valuation 48:32 - Books and Resources Dev Kantesaria Would Recommend for You to Read ✔️ Subscribe to Bitcoin Fundamentals/We Study Billionaires podcast show: https://open.spotify.com/episode/0Wet... 🖊️ Access our free show notes and transcript here: https://www.theinvestorspodcast.com/e... ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ LISTEN 🎧 TO OTHER SHOWS FROM OUR NETWORK: ₿ If you're interested in Bitcoin, checkout our Bitcoin Fundamentals podcast show:    • ⚡️ Bitcoin Fundamentals 🔑   🏘 Learn the ins and outs of real estate investing with our Real Estate 101 podcast show:    • 🏠 Real Estate 101 💵   💸Get introduced to the world of investing with our Millennial Investing podcast show:    • 💸 Millennial Investing 🎯   ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ FOLLOW US ON SOCIAL MEDIA📱: 💻 Facebook:   / theinvestorspodcast   👔 Linkedin:   / the-investor's-podcast   🐦Twitter: https://twitter.com/tip_network?lang=en ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ Download Stig & Preston's 1-page checklist for finding great stock picks: https://www.theinvestorspodcast.com/f... Have a question? Get your voice heard on the show: https://www.theinvestorspodcast.com/y... ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ DISCLAIMER: This show is for entertainment purposes only. Before making any decisions consult a professional. This show is copyrighted by The Investor’s Podcast Network. Written permission must be granted before syndication or rebroadcasting.