We Study Billionaires - The Investor’s Podcast Network TIP649: Owning Stocks for the Long Run w/ Pierre-Olivier Langevin
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Aug 2, 2024 
Pierre-Olivier Langevin, a portfolio manager at Medici Private Wealth Management, shares insights into the firm’s impressive investment strategy. He emphasizes their ability to identify business moats and highlights successful portfolio holdings like Dollarama and Meta. Langevin discusses how Medici maintains a competitive edge through diverse perspectives in investment analysis and collaborative decision-making. He also dives into the contrasting performances of Dollarama and Dollar General and explores how major tech companies are evolving in the face of market challenges.
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Career Shift
- Pierre-Olivier Langevin transitioned from industrial design to investment.
- Medici's founders were drawn to his financial blog and value investing mindset.
Committee Approach
- Medici uses a five-member investment committee for buy/sell decisions, balancing diverse opinions and bold moves.
- This avoids groupthink and over-concentration in single stocks.
Research First
- Research potential investments thoroughly before trying to buy at a good price.
- Avoid rushing research based on price drops, as understanding the business is crucial.