The Intrinsic Value Podcast - The Investor’s Podcast Network

MI Rewind: China, Emerging & Frontier Markets w/ Kevin Carter

Dec 8, 2023

Kevin Carter, an expert in emerging and frontier markets, discusses getting started investing internationally, lessons from shorting Amazon, and the importance of investing in the emerging market consumer sector. He also highlights concerns about fraud and accounting standards in China.

01:14:47

Episode guests

Kevin Carter

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Episode notes

Podcast summary created with Snipd AI

Quick takeaways

Investing in emerging markets offers significant growth potential due to the rising demand for goods and services in these rapidly expanding economies.

The home country bias limits investors from benefiting from opportunities beyond their domestic markets, causing them to miss out on the fastest-growing sector of the world economy.

To truly benefit from emerging markets, investors should focus on dynamic consumer-focused companies that are driving real growth and innovation.

Deep dives

Investing in Emerging Markets

Investing in emerging markets offers a great growth opportunity due to the large and rapidly expanding population. As billions of people in emerging markets seek better lifestyles, there is a significant demand for various goods and services. However, traditional indexes and ETFs focused on emerging markets often fall short. These indexes are filled with state-owned enterprises that prioritize political motives over profit. As a result, investors miss out on the real growth potential of dynamic emerging market companies, such as the rising internet giants in countries like China, Russia, and Brazil.

Introduction

3min

Transition to Value Investing

20min

Renting on Airbnb, NetSuite Cloud Financial System, and a Masterclass on Building Confidence

3min

The Experience of Test Driving a Tesla Model S

22min

Sponsor Ads and Masterclass with Whitney Wolf Herd

4min

Investing in Emerging Markets and the Creation of an Emerging Markets ETF

14min

Investor Concerns: Fraud and Accounting Standards in China

12min

Kevin Carter talks about emerging and frontier markets, where and how to get started investing internationally, and much more!

IN THIS EPISODE, YOU’LL LEARN:

00:00 - Intro

03:04 - Revelations Kevin saw when he worked at a mutual fund vs. investments one can do as an individual investor.

16:25 - Lessons Kevin learned when he shorted Amazon.

22:34 - How Kevin got involved with Tesla.

35:05 - What emerging or frontier markets are and which countries they consist of.

41:02 - Why home-country bias exists and what investors are potentially missing by focusing only on their domestic markets.

41:02 - What the most important things to look out for are when investing in foreign or international markets.

48:46 - The catalyst that’s going to change the dynamics of investing and will have a material impact on the future returns of international markets.

01:00:36 - Where to start and how to get started as a new investor in foreign markets.

01:06:59 - How international investors combat against fraud and accounting standards.

And much, much more!

*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.

BOOKS AND RESOURCES

Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Kyle and the other community members.
Berkshire Hathaway Shareholder Letters.
Burton Malkiel’s book A Random Walk Down Wall Street.
Fred Schwed’s book Where Are the Customers’ Yachts?
David Swensen’s book Pioneering Portfolio Management.
John Bogle’s book The Little Book of Common Sense Investing.
Joel Greenblatt’s book The Little Book That Still Beats the Market.
Benjamin Graham’s book The Intelligent Investor.
All of Robert’s favorite books.

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