John Rotonti on the Flyover Stocks Podcast

Culture is the moat nobody's pricing in

Hi everyone,

You may know John Rotonti’s work from his excellent “The JRo Show” podcast episodes, where he interviewed distinguished portfolio managers and directors of research including Bill Nygren, Chris Bloomstran, and Win Murray and asked them detailed questions about their processes and philosophies.

If you ever wanted to know what it takes to be a professional analyst or run an efficient research team, there’s no better place to start than those conversations.

John is now a portfolio manager at Bastion Fiduciary, where he manages an industrials and infrastructure-focused fund.

In this episode, we cover a lot of ground, from what Stan Druckenmiller’s discomfort with 6-baggers teaches us about position sizing to why corporate culture may be the most underpriced moat in the market today. John also makes a compelling case for why Amphenol’s co-engineering relationship with NVIDIA could be one of the most durable competitive advantages in the AI infrastructure buildout.

I think you’ll enjoy this one.

You can listen to the audio or video version of this episode below, on Spotify, YouTube, or wherever you get your podcasts.

Todd Wenning is the founder of KNA Capital Management, LLC, an Ohio-registered investment advisor that manages a concentrated equity strategy and provides other investment-related services.

At the time of publication, Todd, his immediate family, and/or KNA Capital Management, LLC or its clients own shares of Spotify, Old Dominion Freight Lines, Howden Joinery, and NVIDIA.

Please see important disclaimers.