In an interview with FOX Business News, Validea CEO John Reese talks about his Warren Buffett-based Guru Strategy and model portfolio, which is up 34.6% this year.

Reese discusses the specifics of how his Buffett-based approach works and what variables it keys in on, and he explains why his model is significantly outperforming both the S&P 500 and Buffett’s own Berkshire Hathaway this year. In addition, Reese offers three “Buffett-type” stocks that his model is high on right now, and gives some historical perspective on why sticking with a good strategy is critical to success — even when things get very rocky.