Ep. 923: Weijian Shan Interview with Michael Covel on Trend Following Radio

Michael Covel's Trend Following

Michael Covel

Business, Investing

4.6 • 732 Ratings

🗓️ 27 November 2020

⏱️ 47 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

My guest today is Weijian Shan, the chairman and CEO of PAG, a leading Asia-focused private equity firm. Prior to PAG, he was a partner of the private equity firm TPG, and co-managing partner of TPG Asia (formerly known as Newbridge Capital). Over two decades, Weijian Shan has led a number of landmark transactions that have returned billions of dollars in profit to his firms' investors. Previously, Shan was a managing director of JP Morgan, and an assistant professor at the Wharton School of the University of Pennsylvania. In his youth, he spent several years working as a laborer in the Gobi Desert of China.

The topics are his books Out of the Gobi: My Story of China and America and Money Games: The Inside Story of How American Dealmakers Saved Korea's Most Iconic Bank.

In this episode of Trend Following Radio we discuss:

Life in Gobi Desert
Living in China
Human Nature
Curiosity
America the Land of Opportunity
Equal Opportunities in America
Misconceptions about China
Understanding Different Cultures
China and Japan

Jump in!

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I'm MICHAEL COVEL, the host of TREND FOLLOWING RADIO, and I'm proud to have delivered 10+ million podcast listens since 2012. Investments, economics, psychology, politics, decision-making, human behavior, entrepreneurship and trend following are all passionately explored and debated on my show.

To start? I'd like to give you a great piece of advice you can use in your life and trading journey… cut your losses! You will find much more about that philosophy here: https://www.trendfollowing.com/trend/

You can watch a free video here: https://www.trendfollowing.com/video/

Can't get enough of this episode? You can choose from my thousand plus episodes here: https://www.trendfollowing.com/podcast

My social media platforms:
Twitter: @covel
Facebook: @trendfollowing
LinkedIn: @covel
Instagram: @mikecovel

Hope you enjoy my never-ending podcast conversation!

Transcript

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0:00.0	This is trend following radio where great thinking comes alive.
0:10.9	Nobel Prize winners, legendary traders, bestselling authors, and the pros that know what drive us irrational human beings.
0:21.2	I am your host, Michael Coval, not filtered, raw, honest.
0:27.4	That's my passion.
0:33.4	My guest today is Wichan Shan.
0:36.4	He is a Chinese economist, businessman, an author based in Hong Kong.
0:42.4	He's the CEO of the private equity firm, PAG.
0:46.7	I don't want to misquote the assets under management, but I believe right now at this moment
0:51.9	in time, it's $40 billion.
0:54.8	Before PAG, Wichon was with TPG Capital.
0:58.8	For those of you that are not familiar with TPG Capital, pull out your Wikipedia right now and take a peek.
1:05.9	Bottom line, my guest today knows something about private equity.
1:09.5	He knows something about dealmaking, and he shares
1:12.9	those experiences with me. And what's so cool about Wichon's story is it starts in China. It makes
1:20.3	its way to America, but it starts in China. It starts in a period in time in China, the 50s and 60s, when things were a little chaotic.
1:30.9	And he gets in deep.
1:33.0	He shares his insights.
1:35.3	I am forever grateful to have this podcast, to have the opportunity to talk to individuals that I never would have had a chance to communicate with, to share with,
1:47.5	for him to share with me, for him to share with you.
1:51.1	How lucky are we to get behind the scenes and have that perspective?
1:55.7	Because instead of hearing all of the names that are often said about China, some good, some bad, I can promise
2:05.9	you this, I've been to mainland China many times. When I go to mainland China, you know what
	...

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