The Meb Faber Show - Better Investing

Soo Chuen Tan, Discerene - Contrarian, Long-Term Value Investing | #500

Sep 20, 2023
Guest
Soo Chuen Tan
Soo Chuen Tan, founder of Discerene Group, shares lessons from working with Seth Klarman and the ideal structure for an investment firm. They discuss their contrarian, long-term value investing philosophy, evaluating businesses with network effects, reasons for removing companies from the portfolio, and the importance of considering geopolitical situations when investing outside the US.
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Episode notes
1
Introduction
00:00 • 3min
2
Naivety and Optimism: Starting a Successful Investment Firm
03:00 • 12min
3
The Journey of a Value Investor
15:27 • 22min
4
The Rip Van Winkle Test and Business Evaluation
37:23 • 6min
5
Analyzing Network Effects and their Implications for Businesses
43:27 • 2min
6
Reasons why Companies Get Removed from the Portfolio
45:52 • 2min
7
Considering Geopolitical Situation and Investing
47:45 • 16min