RWH040: Go Global w/ Laura Geritz

We Study Billionaires - The Investor’s Podcast Network

Stig Brodersen

Education, Investing, Business

4.6 • 3.6K Ratings

🗓️ 21 January 2024

⏱️ 128 minutes

🔗️ Recording | iTunes | RSS

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Summary

In this episode, William Green chats with Laura Geritz, founder of Rondure Global Advisors, which scours the globe in search of high-quality companies trading at attractive prices in places like India, China, Japan, Thailand, Taiwan, Turkey, Brazil, & Mexico. Here, Laura makes the case for allocating more money to undervalued stocks outside the US. She also discusses her unusual lifestyle, which is built around relentless travel, voracious reading, & abundant time to think. IN THIS EPISODE, YOU’LL LEARN: 00:00 - Intro 08:15 - How Laura Geritz earned the nickname “Money Bags.” 09:41 - How she broke into the investment industry by living in Japan. 12:55 - How she was shaped by the frugal, unflashy culture of rural Kansas. 22:57 - What she learned from her mentor & partner, Robert Gardiner. 30:14 - Why so many talented women quit the investment business. 36:54 - Why she believes many investors are taking too much risk. 38:56 - Why foreign stocks may be overdue for a powerful rebound. 41:20 - How she weighs the risks & rewards of Chinese stocks. 52:26 - How she screens 70,000 stocks to identify great businesses. 1:03:36 - What foreign investors don’t understand about Japanese companies. 1:11:51 - How to become a continuous learning machine. 1:25:38 - How Laura handles adversity when her investing style is out of favor. 1:32:06 - Why she maintains a remarkably uncluttered calendar. Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences. BOOKS AND RESOURCES Laura Geritz’s investment firm, Rondure Global Advisors. Graham Greene’s book The Quiet American. Yasunari Kawabata’s book Snow Country. Michael Pollan’s book A Place of My Own. Rolf Potts’ book Vagabonding. Pico Iyer’s book The Half-Known Life. William Green’s podcast interview with Pico Iyer | YouTube Video. William Green’s book, “Richer, Wiser, Happier” – read the reviews of this book. Follow William Green on X (AKA Twitter). Check out all the books mentioned and discussed in our podcast episodes here. NEW TO THE SHOW? Follow our official social media accounts: X (Twitter) | LinkedIn | | Instagram | Facebook | TikTok. Browse through all our episodes (complete with transcripts) here. Try our tool for picking stock winners and managing our portfolios: TIP Finance Tool. Enjoy exclusive perks from our favorite Apps and Services. Stay up-to-date on financial markets and investing strategies through our daily newsletter, We Study Markets. Learn how to better start, manage, and grow your business with the best business podcasts. SPONSORS Support our free podcast by supporting our sponsors: River Linkedin Marketing Solutions NetSuite Fidelity Shopify Toyota TurboTax Babbel American Express Business Gold Card Fundrise Vacasa HELP US OUT! Help us reach new listeners by leaving us a rating and review on Apple Podcasts! It takes less than 30 seconds, and really helps our show grow, which allows us to bring on even better guests for you all! Thank you – we really appreciate it! Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	You're listening to TIP.
0:02.0	Hi there, our guest today is Laura Gerrits, who's the founder, CEO and chief investment officer of a firm called
0:10.0	Rondure Global Advisors.
0:12.0	Laura played a starring role in my book, Richo, Weiser Happier, where I wrote about
0:16.3	her at some length in a chapter on high performance habits. Every time I speak with Laura,
0:21.7	I'm reminded of what a fascinating and independent-minded investor she is.
0:27.0	As you'll hear in this conversation, she's constructed an extremely unusual life.
0:32.0	Laura grew up in the American Midwest and her
0:35.3	investment firm is based in Salt Lake City, Utah, but she's become the most
0:39.6	international of international investors.
0:43.2	She tends to travel for about six to nine months a year,
0:46.4	roaming widely in countries like India, China, Indonesia,
0:50.0	the Philippines, Mexico and Turkey.
0:52.7	In all, she's traveled to something like 75 countries, returning to many of them again and again
0:58.2	in search of great businesses at enticing valuations. Laura also has a home in Japan and she speaks Japanese.
1:06.3	Intimately she plants herself for weeks on end in a city like Nairobi or Dubai
1:12.0	or Amsterdam or Paris or Bangkok and then she uses these places as hubs so she can travel around those regions more efficiently visiting companies and studying the local culture and economy.
1:25.2	Everywhere she travels, she reads multiple books about that place, ranging from classic literature
1:30.9	to mystery novels to economic history.
1:34.0	One reason why I'm fascinated by Laura is that she's a wonderful example of what it means to be a continuous learning machine.
1:41.0	Over many years, she's built a formidable competitive advantage
1:46.0	through this combination of relentless travel, boots on the ground research and
	...

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