TIP649: Owning Stocks for the Long Run w/ Pierre-Olivier Langevin

We Study Billionaires - The Investor’s Podcast Network

Episode • Aug 2, 2024 • 1h 4m

On today’s episode, Clay Finck is joined by Pierre-Olivier Langevin to discuss the investment approach at Medici and several of their portfolio holdings. Medici boasts an exceptional investment track record, achieving 16.0% annualized returns since 2009 compared to 11.3% for their benchmark.

IN THIS EPISODE YOU’LL LEARN:

00:00 - Intro

01:35 - What led Pierre to join Medici just two years after they started.

06:08 - Medici’s formula for outperforming the market.

12:30 - How Pierre identifies the moat within a great business.

29:08 - Medici’s bull thesis on Dollarama.

38:36 - What keeps Medici in Meta stock.

49:36 - How Meta is approaching capital allocation.

56:05 - How Pierre gets comfortable with Meta given the level of change they are bound to see over the next decade.

01:04:19 - An investment overview of O’Reilly Automotive.

And so much more!

Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.

BOOKS AND RESOURCES

Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, Kyle, and the other community members.
Check out Medici.
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Related Episode: Listen to TIP626: Intelligent & Rational Long-Term Investing w/ Francois Rochon, or watch the video.
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