2:00 – Quoc’s concentrated investing philosophy and portfolio-level metrics 5:00 – Three different categories of stocks Quoc typically invests in 6:00 – Portfolio management philosophy 7:00 – Different layers of risk management 11:00 – On using data to make process improvements such as a moat trajectory review and ESG research 21:00 – Quoc dives deeper into his team’s step-by-step three-stage research process 38:00 – Incorporating a macro view into fundamental analysis 40:00 – Quoc on valuation process 42:00 – Quoc on when to sell 48:00 – Quoc on a final lesson for investors