TIP605: Untangling Global Outperformers w/ Dede Eyesan

We Study Billionaires - The Investor’s Podcast Network

Stig Brodersen

Education, Investing, Business

4.6 • 3.6K Ratings

🗓️ 4 February 2024

⏱️ 61 minutes

🔗️ Recording | iTunes | RSS

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Summary

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 - Evolution Ab’s competitive advantage and growth forecast. Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences. BOOKS AND RESOURCES Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, Kyle, and the other community members. Jenga Investment Partners (IP) Global Outperformers. Learn more about Jenga Investment Partners here. Read Jenga IP’s detailed research here. Learn more about the Berkshire Summit by clicking here or emailing Clay at [email protected] Follow Kyle on Twitter and LinkedIn. 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. Check out our We Study Billionaires Starter Packs. 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 Toyota Fidelity Wise NetSuite NDTCO Shopify TurboTax Babbel 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. I did a deep dive on the IIT services industry mainly because of global
0:07.0	law performance because I was looked at consulting as a name, commodity, you know, backy kind of business.
0:14.0	But then when I did the study on global hour performers
0:16.0	and I saw how many IT consulting,
0:18.0	we're not just doing well, but then they were actually
0:20.0	profitable businesses.
0:21.0	They were growing each year and actually benefiting from things like cloud
0:24.7	computing and you know the big shifts happening in the world in technology. It made me realize
0:29.6	that there might be some ID consulting businesses that will be able to grow quite well.
0:34.3	In today's episode, I'm talking with Day Day Aisan about investing outside of your
0:42.0	home country and what you need to research to improve your
0:44.4	Circle of Competence, why China, India and Japan have some interesting businesses and which sectors
0:49.6	might produce the next outperformers?
0:51.9	The Strengths of Monopoly-type businesses when searching for outperformers, the strengths of monopoly type businesses when
0:53.7	searching for outperformers, the characteristics of outperformers that are least
0:57.2	difficult to try to identify, interesting insights into eye gaming and the IT
1:01.3	consulting industries, and and much much more.
1:03.6	I first spoke with Day Day Day back in August of 2023 and we had a wonderful conversation
1:07.9	about his excellent report on global outperformers.
1:10.9	He researched global businesses that return 10 times or more between 2012 and
1:15.0	2022. In that conversation we went over a lot of interesting findings from his
1:19.2	study and I learned a lot of data's high-level takeaways from that research that he uses for his current
	...

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