We Study Billionaires - The Investor’s Podcast Network

TIP585: Concentrated Value Investing w/ Shree Viswanathan

Nov 3, 2023

01:27:24

Snipd AI

Shree Viswanathan, founder and portfolio manager of SVN Capital, discusses his approach to investing internationally, the importance of remaining fully invested in uncertain times, and why Dino Polska reminds him of Walmart in their early days. They also touch on topics like minimizing the impact of ego on performance, the benefits of daily meditation, and how to think about inflation and currency risk when investing globally.

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Quick takeaways

Remaining fully invested in uncertain times and holding equities for the long term leads to better investment outcomes.

The story of a father making a 40x return on an IPO investment highlights the power of compounding and market rewards inactivity.

Understanding local governance, accounting standards, and maintaining a conservative capital structure are crucial when investing internationally.

Deep dives

The Power of Long-term Investing

Remaining fully invested in uncertain times and holding equities for the long term leads to better investment outcomes.

The Importance of Remaining Fully Invested for the Long Haul

04:51

Concentrated Value Investing and Wealth Creation

04:15

Risks of Investing in a Company Operating in Poland

01:16

Introduction

2min

The Power of Inactivity and Concentrated Investments

24min

Stocks vs. Treasuries: Historical Performance

6min

The Importance of Long-Term Investing

20min

Dino Polska: A Potential Walmart in the Making

6min

Impact of Russian invasion on Central European market and Poland's response

5min

Deals, NetSuite, and American Express Business Gold Card

3min

The Value Proposition and Impact of Inflation

27min

Clay Finck is joined by Shree Viswanathan to discuss his concentrated, patient, and global approach to investing. They touch on many of the key aspects to successful long-term investing as well as one of Shree’s portfolio holdings, Dino Polska, which reminds him of Walmart in their early days.

Shree Viswanathan is the founder and portfolio manager of SVN Capital.

IN THIS EPISODE YOU’LL LEARN:

00:00 - Intro.

02:17 - The story of his father earning 40x on an investment despite never garnering an interest in the subject.

08:54 - Spiritual and life lessons that Shree has learned over the years.

14:52 - The most important aspects to understand investing internationally.

20:52 - What makes India an attractive hunting ground for long-term investors.

33:10 - Why we should remain fully invested in uncertain times.

38:57- How investors can minimize the impact of ego hurting their performance.

41:30 - The benefits Shree has seen from a daily meditation practice.

46:31 - What led him to run a concentrated portfolio of only 9 holdings.

53:16 - Why Dino Polska out of Poland reminds Shree of Walmart in their early days.

56:43 - How Shree thinks about inflation and currency risk investing internationally.

01:11:10 - How Shree thinks about the valuation of Dino Polska.

Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.

BOOKS AND RESOURCES

Check out our newly released TIP Mastermind Community.
Shree’s fund: SVN Capital.
Compensation by Ralph Waldo Emerson.
Wealth by Ralph Waldo Emerson.
The Money Game by Adam Smith.
A Search in Secret India by Andrew Brunton.
The Sketchbook of Wisdom by Vishal Khandelwal.
Related episode: Listen to WSB569: An Investor’s Guide to Clear Thinking w/ Chris Mayer or watch the video.
Related episode: Listen to WSB543: 100 Baggers: Stocks That Return 100-1 w/ Chris Mayer or watch the video.
Follow Shree on Twitter.
Follow Clay on Twitter.

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