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TIP605: Untangling Global Outperformers w/ Dede Eyesan

Feb 4, 2024

55:50

Snipd AI

Investing expert Dede Eyesan discusses investing outside of your home country, including countries like China, India, and Japan. They explore the strength of monopoly type businesses when looking for outperformers and the characteristics of outperformers that are easiest to identify. They also delve into interesting insights into the iGaming and IT consulting industries.

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Quick takeaways

IT consulting businesses are profitable and growing, benefitting from technological shifts like cloud computing.

Asia, particularly China, India, and Japan, offer potential for finding outperforming businesses due to their large consumer markets and focus on innovation.

Identifying outperformers can be challenging, but consumer-facing businesses and those operating in monopolistic or oligopolistic markets tend to demonstrate strong performance.

Deep dives

IT Consulting as a Profitable Business

IT consulting businesses are profitable and growing each year, benefiting from technological shifts like cloud computing. This realization stemmed from a study on global outperformers, which highlighted the success of IT consulting firms. These businesses leverage advancements in technology and have seen significant growth due to factors like increased adoption of cloud computing and other emerging trends. The study debunked the notion that consulting is a stagnant or unreliable industry, instead highlighting the potential for growth and profitability in IT consulting businesses.

Identifying and Holding Onto Outperforming Companies

03:59

Importance of IT Consulting in Evolving Technology Landscape

01:12

Introduction

3min

China's Market and State-owned Enterprises

19min

Successful Investing During Volatile Times

9min

Discussion on Caroo Track: Recovering Stolen Vehicles and Global Expansion

2min

Untangling Global Outperformers: Naspers and Evolution

5min

Benefits of Joining TIP Mastermind and New Stock Investing Course

2min

Market Valuation of AB and Introduction of Go For

20min

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.

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 clay@theinvestorspodcast.com
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Check out all the books mentioned and discussed in our podcast episodes here.

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