2024-12-06
1 小时 6 分钟You're listening to tip.
On today's episode, I'm joined by Dev Contesaria.
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.
During this episode, we covered Deb's view on the current market environment and the recent stock market rally, how Valley Forge adopted Warren Buffett and Charlie Munger's investment approach, why predictability and pricing power are essential parts of his long term approach to investing, why Dev has decided not to invest in any big tech companies as of the time of recording, and why he'll continue to invest in US large cap companies despite the optically higher valuations relative to their international counterparts, why Dev loves compounding machines that allocate capital to share repurchases and so much more.
Dev is extremely thoughtful and is truly passionate about educating people on how to be a great investor.
So with that, I hope you enjoy today's discussion with Dev Contesaria.
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Now for your host, Clay Fink Week.
Welcome to the Investors Podcast.
I'm your host Clay Fink and today we have a very special guest for our listeners, Dev Contesaria from Valley Forge Capital Management.
Dev, welcome back to the show.
Thank you.
Happy to be here.
So I've wanted to bring you back onto the podcast for quite some time.
You started your firm in 2007 and you've outperformed the S&P 500 by quite a wide margin since inception.
In preparation for this interview, I heard you state two years ago that during the most recent bear market you were on record for saying that quality, predictable businesses will be prized again.
And here we are with many of your holdings performing exceptionally well, most notably fico, which is a top holding according to your most recent 13F and it's up over 100% in the past year.