Equity Mates Investing Podcast

Expert: Yen Liow - Honestly, everyone MUST listen to this

Nov 24, 2021
Yen Liow, Managing Partner at Aravt Global LLC, shares his investment wisdom honed through years of experience. He emphasizes the significance of investing in emergent monopolies with growth potential and discusses his unique approach to portfolio design. Yen reflects on lessons learned at Bain and Ziff Brothers, focusing on character in hiring. He also delves into tech insights with stocks like Semler Scientific and Keywords Studios, and shares his vision for the future of payments and blockchain. Plus, he offers a reading recommendation and advice for aspiring investors.
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ANECDOTE

First Stock Mistake Sparked A Shift

  • Yen's first stock was Santos at 14 and he admits he didn't know what he was doing.
  • He later realised Santos lacked the monopoly characteristics he now seeks in investments.
ANECDOTE

Dot‑Com Short Was Career‑Defining

  • Yen's first professional win came shorting internet infrastructure after the dot-com boom.
  • That trade taught him to question growth quality and unit economics, not just headline growth rates.
ADVICE

Back People Before Processes

  • Invest in people because they are the highest‑leverage, longest‑dated asset you own.
  • Prioritise character over experience when backing teams for the long term.
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