We Study Billionaires - The Investor’s Podcast Network TIP647: Value Investing Masterclass w/ Soo Chuen Tan
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Jul 26, 2024 Soo Chuen Tan, founder and president of Discerene Group, shares his journey of starting a value investing firm post-Lehman Brothers collapse. He emphasizes the importance of strict value investing principles and offers insights into avoiding pitfalls in the market. Soo discusses how great investing can be learned and stresses emotional resilience for young investors. He highlights the need for distinguishing between intrinsic value and market perceptions, along with the long-term perspective necessary for sustainable investment success.
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Discerene's Founding
- Soo Chuen Tan launched Discerene Group in 2010, shortly after the Lehman Brothers collapse.
- Inspired by Warren Buffett, he aimed to run a 50-year investment program.
Fundamental and Long-Term Investing
- Fundamental investing means owning businesses, not stocks; business owners hold through good and bad times.
- Public markets' "long-term" is often shorter than true economic cycles (7-10 years).
Contrarian Investing
- Contrarian investing involves capitalizing on uncertainty and fear in markets.
- Large margins of safety are crucial and often appear during times of uncertainty.
