Yes value investing still matters: valley forge capital mgmt case study

Today was a rough day, in fact I won't lie since July 4th it's been rough all summer. But fico dumping today (I don't own it) sent me down a rabbit hole where I discovered "legendary" investor Dev Kantesaria, head of valley forge capital mgmt. It's been far far rougher for him this year.

See FICO is 25 percent of his portfolio, and Intuit another 2ish, along with spgi MCO ma v. Depending on when he acquired them, they may have very well been good picks long term but I think it's fair to say at fico 2400 a share and Intuit 800 a share, each in the very recent past, the cash flow never justified that and both were insane to have held.

Ironically fico today at 760 and intu at 270 may in fact be the right starting positions based on their cash flows. In the long term it's all value investing, it just may take a year or so for the once hyped to meet facts on the ground.

When people come on this forum and talk about value investing being dead they imply species like me only promote the likes of western Union and Comcast because pe low ugga ugga. In fact when fico was 2400 (insane) Google was 150 (also insane pe of 15 even not knowing the future), value investing doesn't mean eschewing quality compounders.

In summation, let them call us dinosaurs, eventually 2400 ficos (cough cough spcx, pltr) become what they're actually worth...