TIP647: Value Investing Masterclass w/ Soo Chuen Tan

We Study Billionaires - The Investor’s Podcast Network

Stig Brodersen

Education, Investing, Business

4.6 • 3.6K Ratings

🗓️ 26 July 2024

⏱️ 73 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

On today’s episode, Clay is joined by Soo Chuen Tan who is the founder and president of Discerene Group to discuss global & contrarian value investing. Soo Chuen started his firm in 2010 with less than $100 million in AUM and has grown it to over $2 billion. Utilizing their strict value investing approach, Discerene has had an impressive investment track record since its founding in June 2010. IN THIS EPISODE YOU’LL LEARN: 00:00 - Intro 02:30 - What led Soo Chuen to start Discerene Group shortly after the collapse of Lehman Brothers. 15:33 - What differentiates Discerene Group from other value investors. 20:34 - Lessons that Soo Chuen teaches younger investors. 38:43 - Whether great investing can be learned or not. 43:20 - How Soo Chuen balances the subjectivity of markets with solid and rationale investment approach. 01:00:19 - The importance of reflexivity in markets. 01:06:46 - How Discerene has avoided value traps. And so much more! 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. Check out Discerene Group. Follow Soo Chuen on LinkedIn. Jason Zweig’s article: The Seven Virtues of Great Investors. Bobby Knight’s book: The Power of Negative Thinking. David Chambliss’s The Mundanity of Excellence. Solomon Asch Conformity Line Experiment Study. Malcolm Salterl's Short-Termism at Its Worst. Gopalan, Milbourn, Song, & Thakor's Duration of Executive Compensation. Related Episode: Listen to TIP492: The Best Investor You've Never Heard Of (Nick Sleep), or watch the video. Related Episode: Listen to RWH044: How to Beat the Market w/ Bryan Lawrence, or watch the video. Related Episode: Listen to TIP592: Outperforming the Market Since 1998 w/ Andrew Brenton, or watch the video. Follow Clay on Twitter. Check out all the books mentioned and discussed in our podcast episodes here. Enjoy ad-free episodes when you subscribe to our Premium Feed. 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 Range Rover Briggs & Riley American Express The Bitcoin Way Public Onramp USPS SimpleMining Sound Advisory Shopify AT&T BAM Capital 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! Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm

Transcript

Click on a timestamp to play from that location

0:00.0	You're listening to TIP.
0:03.0	On today's episode, I'm joined by Sue Chin Tan.
0:06.5	Sue Chin has quite an impressive background as he's the founder and president of Disarine Group.
0:12.0	Before starting Disarinene Group he was the
0:13.9	managing director and partner at Deccan Value Advisors and an analyst under
0:18.4	Seth Clarmon at Baupost Group. Prior to that he received his MBA with high distinction from Harvard Business School and
0:25.1	Bachelor and Master of Arts degree in Law from Oxford University where he graduated first
0:30.4	in his class.
0:31.4	He started a Disserine Group in 2010 with less than $100 million in
0:35.3	assets and he's grown it to over $2 billion in AUM. While I'm unable to share Disarine's
0:41.0	performance numbers due to compliance reasons, the firm has had an impressive
0:44.8	investment track record since its founding in June 2010.
0:48.3	Su-Chin operates within the boundaries of a very strict value investing philosophy, only investing when a deep margin of safety is present.
0:55.5	Because of this he's had a batting average of 82% within Disarine's investments,
1:00.7	meaning that for every 10 investments he's made, he's been profitable on more than
1:05.1	eight of them.
1:06.3	Even Peter Lynch said that you would make it into the Investment Hall of Fame if you could
1:10.1	bat just 60%.
1:12.2	During this episode, Suu Chin and I discuss what led him to
1:14.8	starting Disarene Group shortly after the collapse of Lehman Brothers. What
1:18.6	differentiates Disarene Group from other value investors? Lessons that Suu Chin commonly teaches younger
1:24.2	value investors. Whether great investing can be learned or not, how Suu Chin balances
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from Stig Brodersen, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Stig Brodersen and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.