About this episode
(A note to listeners: We recorded this interview before the recent sell-off took began, explaining why it’s not discussed. We’ll address the recent downturn in future installments of The Long View. Please enjoy this episode and thanks again for listening.) Our guests this week are Arman Kline and Trevor Magyar of investment management boutique, Ruane, Cunniff & Goldfarb, or RCG for short. Arman and Trevor sit on the five-person investment committee at RCG that oversees management of all client assets, including those held in the Sequoia Fund. This year, the Sequoia fund will celebrate its 50th anniversary as a mutual fund. From its July 15, 1970, inception through Jan. 31, 2020, the fund gained 13.6% per year, topping the S&P 500 index by 240 basis points annually. Arman joined RCG in 2002, following a stint as an equity analyst at Merrill Lynch. He graduated from Colby College. Trevor began at the firm in 2007, following an early career in investment banking, private equity, and hedge funds. He's a graduate of Princeton University and received his MBA from Harvard University. General Ruane, Cunniff & Goldfarb (RCG) RCG investment committee and team bios Sequoia Fund 2019 Annual Report Sequoia Fund Q4 2019 Investor Letter Sequoia Fund shareholder communications Morningstar analysis of Sequoia Fund ; Aug. 8, 2019 Sequoia Fund portfolio analytics Stocks Referenced Rolls Royce PLC ADR RYCEY Mastercard MA CarMax KMX Carvana CVNA Wayfair W Amazon.com AMZN Zalando SE ZLDSF Zooplus AG ZLPSF Vivendi SA VIVEF Alphabet GOOGL Berkshire Hathaway BRK.A Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.