Grant’s Current Yield Podcast GROWTH AND PROFITABILITY
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Nov 20, 2024 Dev Kantesaria, founder and portfolio manager of Valley Forge Capital Management, shares his unique investment strategies and insights. He emphasizes the importance of in-depth research and understanding diverse business models while navigating today’s market challenges. The conversation highlights the dominance of semiconductor giants like ASML and TSMC, and Kantesaria's preference for public equities due to their transparency. Additionally, they discuss the impact of AI on investments and the necessity of maintaining traditional evaluation methods amidst technological changes.
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A mother's wish
- Dev Kantesaria's mother wishes he were a surgeon.
- He jokes that he should tell her his job compounds at 15% annually.
Unhedged and Unhurried
- Dev Kantesaria's hedge fund holds a small number of positions.
- The firm prioritizes in-depth research and preparation, treating investing like academia.
Buffett's Punch Card
- Focus on making a few, high-impact investment decisions, similar to Buffett's approach.
- Identify the right opportunities and capitalize on them significantly.