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We Study Billionaires - The Investor’s Podcast Network
TIP649: Owning Stocks for the Long Run w/ Pierre-Olivier Langevin
Aug 2, 2024
01:12:45
Snipd AI
Pierre-Olivier Langevin, a key figure at Medici, shares insights on the firm’s remarkable 16% annualized returns since 2009. He discusses Medici's unique collaborative investment strategies that focus on long-term growth rather than traditional methods. The conversation delves into identifying business moats and the contrasting performances of Dollarama and Dollar General. Langevin also explains Medici's bullish stance on Meta and its capital allocation strategies, alongside an investment overview of O'Reilly Automotive, highlighting their strategic market positioning.
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Quick takeaways
- Medici's collaborative investment committee structure contributes to its exceptional 16% annualized returns by fostering diverse research and collective decision-making.
- The firm's investment strategy emphasizes investing in companies with strong moats, driving consistent long-term capital growth through disciplined, patient ownership.
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Medici's Impressive Investment Track Record
Medici Private Wealth Management has achieved an exceptional investment performance with a 16% annualized return since its inception in 2009, significantly outpacing its benchmark, which returned 11.3%. The firm's unique approach stems from a lack of a single star investor, allowing for a collaborative investment committee to guide decision-making. This diverse committee structure empowers analysts to contribute their research while ensuring that buy and sell decisions are collectively agreed upon, providing a balanced viewpoint. This investment philosophy has led to Medici's consistent outperformance and a solid reputation in the investment management industry.
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