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
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[@businessman1060]

I don't know why you produce radio videos .I like your old videos it was better when you see than you only hear

[@worldtravel4973]

Excellent interview

[@bsykesbeats4013]

48:59 surely Peter Lynch is at least a close second to Buffett - Munger, no?

[@Custodian123]

Its ironic that this investor will now avoid biotechnology, when the bio rejuvenation technology sector is starting to go off its head.

[@mikisipilainen]

Tilman, with all due respect, invest in some interviewing skills

[@justinbeghly1435]

Dev and I go to the same church

[@prestonpysh9507]

💙W💙R💙I💙T💙E💙💙M💙E💙💙O💙N💙💙W💙H💙A💙T💙S💙A💙P💙P💙⁺𝟏𝟗𝟐𝟓𝟒𝟏𝟒𝟏𝟔𝟒𝟓