TIP605: Untangling Global Outperformers w/ Dede Eyesan
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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