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Are Fangstocks Too Big or Can't Last Forever?
We have generally shied away from fangstocks because of a lot of poor behavior. We don't like dual class structures where the ceo is anointed for life. The business models are so good that organic growth has more than covered for these sins. And i couldn't argue with anyone that wanted to own a basket of fang stocks to day. I think on a riskward basis, they will out perform.
Trey Lockerbie chats with Dev Kantesaria. Dev is the Managing Partner of Valley Forge Capital Management, which currently has $2.7 billion 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 14 years ago. Dev is also a big Buffett and Munger fan and follows their principles closely.
IN THIS EPISODE, YOU'LL LEARN:
*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.
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