On today’s episode, Kyle talks to Dede Eyesan about investing outside of your home country and what you need to research to improve your circle of competence, why China, India, and Japan have some interesting businesses and which sectors might produce the next outperformers, the strength of monopoly type businesses when searching for outperformers, the characteristics of outperformers that are least difficult to try to identify, interesting insights into iGaming and IT consulting industries, and much, much more!
Dede Eyesan is the Chief Investment Officer of Jenga Investment Partners (IP). Jenga IP is a fund specializing in allocating capital to public and private companies on a global scale. They own businesses in countries such as Finland, Poland, China, Mexico, the U.S., Australia, Sweden, Kazakhstan, and France. He authored Global Outperformers: A decade study of the top performing global listed companies (1,000% in 10 years)
IN THIS EPISODE YOU’LL LEARN:
00:00 - Intro.
02:54 - The primary reasons for China’s lower shareholder returns.
06:12 - Potential value chains in India that Dede finds interesting.
10:20 - Insights into Indian markets, governance issues, and regulation.
14:03 - Why consumer electronics is interesting in India, but not a good business model in most other geographies.
18:04 - The importance of good economics and competitive advantage in finding outperformers.
19:51 - Why monopolies like Airports of Thailand and Texas Pacific Land Corporation made good investments.
26:14 - Insights into two South African companies that are still high quality in Karooooo and Naspers.
34:44 - Why iGaming has low barriers to entry but high barriers to success.
34:55 - Why uncertainty can punish a business’s valuation.
44:37 - Dede’s outlook on his latest acquisition, GoFore, and why he likes IT consulting.
56:59 - GoFore's competitive advantage and growth forecast.
Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.
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this guy's agenda is pretty clear he wants to finish destroying the US currency and subjugate the United States into a one world system.
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a Big fan and Student of Aswath Valuation Wisdom
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Fascinating episode.
Presenter talks far too fast. Lower your pace. Talk like Terry Smith!
This was very difficult to listen to. I couldn’t get past 10 minutes. The audiobook style of narration is totally missing
Been listening to TIP since late 2019. Enjoy all the content they produce. The content is very high quality, and has thought me a lot, has I had little to no investing knowledge before I started listening. Without sounding to fan boyish, I find Preston's insights and teachings so interesting, and it appeals my personality. But I also enjoying opinions and insights of very one the team, and love the content they produce. So, keep up the good work, thanks for the learnings so far, and look forward to learning more along side all of the team. Thanks again Cormac
text?? is have text??
useless diatribe. no information. self agrandizing approximation. something like a journalist run amok.
You are most likely on of the few channels that are having a bit of a reach. If the mainstream media was making clear what is going on right now, there would probably murder in the streets. I don't understand why that many people are unaware of the situation we are facing. I live next to a state motorway (not a highway) in germany, and i have never ever seen so few cars. Well during the lockdowns, there were close to none, but even now with artificially low fuel prices , we are just up 10% from 2021 because the gov subisdises) there is no one that wants to spend money right now. Commerce is contracting at a speed that is incredible to me. Worst of all is that I am sure they are making a policy mistake right now, their actions will only amplify the problem this downside and the following upswing on the next QE wave will probably break the machine. Its very bad.
First of all, I want express my gratitude for genuinely producing this content. May life reward you well for it. Now, my, comment:
Preston, Larry, I don't know if you read the comments, you are probably quite busy.
great conversation. one of the really more unbiased guests on your show, Preston. I've got the feeling that the new FIMA swap lines are used to reduce volatility on the indexes by manipulating the FX markets through huge swaps. today some jpy cad swap happened at the asia open, only a central bank can do such a swap moving the market that much. check twitter @ekimris i forwarded some insights. is this their new tool to QE without injection of liquidity? it's a damn stupid idea if you ask me, because you're breaking the interest rate parity on all pairs. Powell's tools... keep up the good work, the both of you.
For those interested, The Art of War translation he is referring to is the one by Thomas Cleary and published by Shambhala; it is often rated as the best translation for most people to read, without being overly dull, excessively academic or taking too many liberties with the text.
I have never thought of bitcoin being some kind of digital batteries 🤔. Thanks the guest for mentioning this positive output of mining.
What an amazing episode!
Do guests offer compensation to the Podcaster? nothing wrong with that but I like to see full disclosure. thanks
Excellent podcast; best one yet. Thank you!
Loads of great trading advice and market tips in this one, thanks.