Capital Allocators – Inside the Institutional Investment Industry Howard Smith – Japanese Equities at Indus Capital (Manager Meetings, EP.35)
Aug 18, 2022
Howard Smith, Partner and Portfolio Manager at Indus Capital, shares his unique journey from a rural UK village to the heart of Japan's investment scene. He discusses the intricacies of Japanese corporate governance and the vital role of Japanese firms in semiconductor production. Howard highlights the importance of personal relationships and thorough analysis in investment strategies, while also reflecting on the transforming landscape of Japan's equity market since the Corporate Governance Code. His passion for nature and personal growth shapes his distinctive investment philosophy.
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Rural Upbringing, Global Aspirations
- Howard Smith grew up in a rural English village, fostering a love for foreign cultures through family travels.
- Inspired by his father's overseas work, he developed a desire to explore the world beyond his hometown.
Tokyo Immersion
- After graduation, Smith moved to Tokyo without a job, immersing himself in language studies for 1.5 years.
- This decision proved crucial for connecting with Japanese culture and excelling in his future career.
Path to Indus Capital
- Smith's career path intersected with Byron Gill, now Indus Capital's managing partner, during their time as retail analysts in Tokyo.
- Smith joined Indus in 2002, marking his transition from macroeconomics to corporate finance.