Quality compounders
38 interviews, newest first.
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Spring 2026
Tony DeSpirito
BlackRock (retired)
Almost 20 years at Pzena, then global CIO of fundamental equities at BlackRock. Tony on mixing quality, value and dividend growth, and why he likes Fortune Brands and Becton Dickinson.
Quality compoundersHousingHealthcareCareer advice -
Fall 2025
David Poppe
Giverny Capital Asset Management
David co-founded Giverny Capital Asset Management in 2020. He talks about judging management and three holdings: Progressive, Arista, and Constellation Software after Mark Leonard.
Quality compoundersJudging managementBuilding a firm -
Fall 2025
Andrew Rosenblum
Bonsai Partners
Andrew went from short selling to studying 100-baggers. He explains his idea of barriers to investment and why he likes Fever-Tree after the Molson Coors deal.
Quality compoundersBuilding a firm -
Fall 2024
Nadim Rizk
PineStone Asset Management
Nadim grew up in Lebanon during the civil war. He explains how PineStone finds ideas and why it owns TSMC and Moody's.
Quality compoundersTechnologyFinancials -
Fall 2024
Kevin Tanner
SaratogaRIM
Kevin founded SaratogaRIM in 1995. He covers how he tests for a competitive advantage, valuation and sizing, and how he hires and trains analysts.
MoatsQuality compoundersBuilding a firmCareer advice -
Spring 2024
Jennifer Oppold
Alpine Peaks Capital
Jennifer started Alpine Peaks in 2017 after a decade at Select Equity. She runs long/short and long-only books and walks through Inter Parfums, HEICO and Trex.
Quality compoundersShort sellingPortfolio constructionBuilding a firm -
Spring 2024
Noah Snyder
Snöboll Capital
Noah looks for outsider CEOs, often outside the US. He talks about Kelly Partners in Australia, Vitec in Sweden and CBIZ, and what Golden Gloves boxing taught him about investing.
InternationalJudging managementQuality compoundersShort selling -
Fall 2023
Ric Dillon, Jenny Hubbard & Brian Hilderbrand
VELA Investment Management
The VELA team on their research process, what they look for in analysts, and three holdings: BWXT, Casey's and Kirby.
Quality compoundersBuilding a firmCareer advice -
Fall 2023
Kevin Fogarty & Kevin Nichols
Value Creators
The two Kevins behind Value Creators on judging capital allocation, acquisitions included, and two holdings: AMETEK and Copart.
Judging managementQuality compounders -
Spring 2023
Daniel Bakalarz & Alex Furmanski
Unison Asset Management
Unison holds 25 to 30 businesses. Daniel and Alex explain how they judge management, why they went to the payer end of healthcare, and their case for Elevance Health.
Quality compoundersHealthcareJudging management -
Spring 2023
Chuck Bath, Austin Hawley & Varun Gupta
Diamond Hill Capital Management
Three Diamond Hill investors on passive investing, hiring analysts, and two holdings: Martin Marietta and SS&C. Chuck first bought rival Vulcan in 1985.
Quality compoundersCareer advice -
Fall 2022
Christopher Bloomstran
Semper Augustus
Chris on 24 years of running a concentrated book at Semper Augustus, Berkshire's history, his advice to Disney on capital, and why Ross Stores is one of his biggest mistakes.
Quality compoundersJudging managementPortfolio construction -
Spring 2021
Sean Stannard-Stockton
Ensemble Capital
Ensemble's three pillars (moat, management, forecastability), the Time Warner mistake, Mastercard as a case study, and a long walk through Home Depot.
MoatsJudging managementQuality compounders -
Winter 2021
John Huber
Saber Capital Management
John runs Saber on the original Buffett Partnership fee structure: no management fee. He goes deep on Etsy, explains how he thinks about Apple, and why he owns NVR.
Quality compoundersBuilding a firm -
Winter 2021
Wilmot Kidd & John Hill
Central Securities
Central Securities has been a closed-end fund since 1929. Wil recalls being the numbers guy at Hayden Stone when it took part in Intel's first financing, and John explains why the private insurer Plymouth Rock is about 20% of the fund.
Quality compoundersJudging managementCareer advice -
Fall 2020
Bill Nygren
Harris Associates (Oakmark)
Bill has run Oakmark Select since 1996. He explains why GAAP numbers can hide value, using Alphabet's search business and Netflix, and Ally Financial at two-thirds of tangible equity.
Quality compoundersFinancialsCareer advice -
Fall 2020
John Mullins & Dan Kaskawits
Lyrical Asset Management
The two PMs behind Lyrical's international book. They screen for value first and then filter for quality, with Ashtead, Sony, Nippo, Bolloré and Itochu as examples.
InternationalAsiaQuality compounders -
Spring 2020
Alex Captain
Cat Rock Capital Management
Alex was a partner at Tiger Global before he started Cat Rock in 2015. He makes the case for Just Eat Takeaway's room to grow in food delivery, plus Evolution Gaming and TransDigm.
InternationalQuality compoundersJudging management -
Fall 2019
Paul Moroz
Mawer Investment Management
Mawer's CIO on learning from running a business early, measuring performance, and three holdings: a 'boring' Wolters Kluwer, the headwinds facing Alphabet, and Constellation Software, owned since its 2006 IPO.
Quality compoundersInternational -
Fall 2019
Matthew Peterson
Peterson Capital Management
Matthew's three tests for a business, how he builds a portfolio, and why he bought Daily Journal.
Quality compoundersPortfolio construction -
Spring 2019
Yen Liow
Aravt Global
Yen came from Ziff Brothers and runs Aravt with a narrow focus. He talks about systems design, TransDigm's FAA-driven niches, and two holdings: Black Knight and GoDaddy.
Quality compoundersTechnology -
Spring 2019
William P. Stewart
Stewart Asset Management
Bill started on the floor of the New York Stock Exchange in 1955. He covers six decades of investing, how he sets terminal multiples, and why Amazon gets the highest one in his book.
Quality compoundersCareer advice -
Winter 2019
Jeff Mueller & Damon Ficklin
Polen Capital
The PMs of Polen's concentrated global growth fund on their guardrails, managing risk through quality, the changing Chinese consumer, and Tencent, Alibaba, Adobe, Starbucks and Align.
Quality compoundersGrowth investingInternationalAsia -
Winter 2018
David Poppe & John Harris
Ruane, Cunniff & Goldfarb
The heirs to Bill Ruane's firm on how they grew as investors, running a concentrated portfolio, and two favorite ideas: Google and Credit Acceptance.
Quality compoundersPortfolio construction -
Winter 2018
C.T. Fitzpatrick
Vulcan Value Partners
C.T. moved from strict value investing to what he calls a sustainable margin of safety. He keeps an MVP list of great businesses and waits for the price.
Quality compoundersBuilding a firm -
Spring 2017
Christopher Begg
East Coast Investment Management
A Security Analysis adjunct at CBS on compounders, transformations and workouts, high-quality businesses that get overlooked like Sherwin-Williams, and learning across disciplines.
Quality compoundersCareer advice -
Winter 2017
Jared Friedberg
Mercator
How a family office uses permanent capital for special situations and long-term compounders, and invests across the capital structure to find value hidden by complexity.
Special situationsQuality compounders -
Fall 2016
Chris Weldon
Stamina Capital
Chris on launching Stamina, moving from analyst to portfolio manager, and owning compounders and businesses in a quality transition for a long time.
Quality compoundersBuilding a firm -
Spring 2016
Alex Magaro
Meritage Group
How Meritage got started, TransDigm as the business that looked worse than it was, and why beer distribution was worth giving up some liquidity.
Quality compoundersPrivate equityBuilding a firm -
Spring 2015
Matthew McLennan & Kimball Brooker
First Eagle Investment Management
First Eagle's value approach and the influence of Jean-Marie Eveillard. Holdings they discuss include National Oilwell Varco, Bank of New York, Groupe Bruxelles Lambert and Oracle.
InternationalDeep valueQuality compounders -
Spring 2013
Li Lu
Himalaya Capital
Li Lu, a regular guest lecturer in Bruce Greenwald's class, on getting his value investing 'inoculation' from Buffett himself, intellectual honesty, and his thesis on BYD.
InternationalAsiaQuality compounders -
Winter 2013
Jon Friedland
Amici Capital
What makes a 'battleship' company, and why Jon looked for them in emerging markets.
Quality compoundersInternational -
Spring 2012
Tom Russo
Gardner Russo & Gardner
Tom looks for managements with the 'capacity to suffer' through early hits to reported profits to build an advantage. He talks about Nestlé, Mastercard, Martin Marietta, Brown-Forman and E.W. Scripps.
Quality compoundersInternationalJudging management -
Spring 2012
Robert Luciano
VGI Partners
'Concentrate capital in your best ideas.' Robert's approach follows Buffett closely; he explains his theses on Oracle and WD-40.
Quality compoundersPortfolio construction -
Winter 2012
William von Mueffling
Cantillon Capital Management
Cantillon invests in companies with high, lasting financial productivity. William talks through different kinds of moats and his theses on Bank Rakyat, Royal Vopak and Oriflame.
MoatsQuality compoundersInternational -
Winter 2011
Artie Williams, Jennifer Wallace & Judd Kahn
Summit Street Capital Management
A disciplined long-only fund that starts from a consistent process built on valuation and business-quality measures.
Quality compoundersPortfolio construction -
Summer 2009
Timothy Hartch & Michael Keller
Brown Brothers Harriman
The co-managers of the BBH Core Select Fund on focusing on essential services within a value framework.
Quality compounders -
Summer 2007
Chuck Akre
Akre Capital Management
A short profile of Chuck Akre, from stockbroker at Johnston, Lemon to founding Akre Capital in 1989.
Quality compoundersSmall caps