Talking Billions with Bogumil Baranowski

Daniel Rupp: The Contrarian's Guide to Asian Markets, From Peace Corps to Portfolio Manager, Learning from Hong Kong’s Worst Day Since Tiananmen & More

Nov 3, 2025

Daniel Rupp, founder and CIO of Parkway Capital, shares his unconventional journey from Boone, North Carolina, to leading value investing in Asia. He discusses his 'farm approach' for identifying undervalued stocks and explains the contrarian opportunities in China and Hong Kong. Rupp emphasizes the importance of remaining fully invested and the impact of U.S. dollar fluctuations on Asian markets. His mindset on buybacks and long-term investing reveals how patience can lead to significant gains.

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INSIGHT

Remove Market-Timing Decisions

Rupp avoids market-timing and stays fully invested to remove decision friction and capture long-term gains.
He deploys inflows immediately and focuses on owning high-quality equities consistently.

ANECDOTE

Investor Day During Hong Kong Crash

Daniel Rupp recalled presenting at his first investor day while Hong Kong fell over 10% and showed his portfolio on screen.
He delivered a positive result by month-end, illustrating investor trust through volatility.

INSIGHT

Value Is Price For Future Earnings

Rupp defines value as paying as little as possible for a diversified stream of earnings growth.
He views earnings growth as the primary return driver and dividends as a secondary source.

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Daniel Rupp is the founder and chief investment officer of Parkway Capital based in Hong Kong, bringing nearly two decades of Asian value investing expertise developed during his 17-year tenure at a leading Asia-focused funds, Overlook Investments, where he honed his contrarian "farm approach" for identifying undervalued compounders across 11 Asian markets. He counts founder Richard Lawrence and longtime CIO James Squire as mentors and supporters.

3:00 - Dan shares his unconventional background growing up in Boone, North Carolina, son of an English professor father and real estate agent mother.

6:00 - The Blue Ridge Parkway origin story.

9:30 - Core philosophy revealed.

12:00 - April 2025 crisis moment.

15:30 - Value with growth framework,

21:00 - Asia's shocking statistic.

24:00 - The farm approach.

30:00 - Buyback obsession.

36:00 - Portfolio composition.

42:00 - China contrarian stance.

45:00 - Dollar weakness as catalyst.

54:00 - Three reasons to sell.

57:00 - Marathon mindset.

Podcast Program – Disclosure Statement

Blue Infinitas Capital, LLC is a registered investment adviser and the opinions expressed by the Firm’s employees and podcast guests on this show are their own and do not reflect the opinions of Blue Infinitas Capital, LLC. All statements and opinions expressed are based upon information considered reliable although it should not be relied upon as such. Any statements or opinions are subject to change without notice.

Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies. Investments involve risk and unless otherwise stated, are not guaranteed.

Information expressed does not take into account your specific situation or objectives, and is not intended as recommendations appropriate for any individual. Listeners are encouraged to seek advice from a qualified tax, legal, or investment adviser to determine whether any information presented may be suitable for their specific situation. Past performance is not indicative of future performance.