We Study Billionaires - The Investor’s Podcast Network TIP389: Buffett's Core Principles w/ Dev Kantesaria
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Oct 22, 2021 
Trey Lockerbie chats with Dev Kantesaria, Managing Partner of Valley Forge Capital Management, who boasts an impressive background in both medicine and venture capitalism. They discuss Buffett's investment principles and the importance of running a concentrated portfolio for long-term success. Dev shares insights on navigating recessions and why he shifted focus from biotech to public equities. The duo also emphasizes investing in high-quality companies with predictable growth, especially amid market uncertainties.
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Career Pivots
- Dev Kantesaria pivoted from medicine to venture capital, despite graduating top of his class at Harvard Medical School.
- He transitioned to public equities after 18 years in venture capital.
Venture Capital and Risk Assessment
- Venture capital experience provides valuable operational experience for assessing risk in public equities.
- Assessing future risk is crucial, as past performance doesn't guarantee future success.
Stock Screeners Don't Work
- Dev Kantesaria advises against relying solely on stock screeners, as they often miss subtle advantages.
- Instead, focus on extensive research and reading of financial documents.