Investing by the Books #25 Richard Lawrence: The Model
Richard Lawrence is the founder of Overlook Investments and one of the best investors in Asian equities over the last three decades. Richard founded Overlook Investments in Hong Kong in 1991 and the fund has since then beat the market by 6.5 percentage points per year. At the time of recording, June 10th, 2022, Overlook held more than USD 6 billion in assets.
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We discuss Richard's book "The Model", with his best lessons from bear markets, Overlook's successful investment philosophy, his thoughts on investing in China, and the art of selling.
A must-listen for every fund manager and private investor aiming to outperform the market over the longer term.
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A special thanks to our friends at Next Gen Investors Endowment and Daniel Phua at Foord Asset Management for connecting us with Richard Lawrence.
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We welcome all suggestions of interesting authors, books, investors, and voracious readers. For more info about the podcast, go to the episode page and follow us on Twitter.
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Episode Chapters
(00:00) Intro by Eddie & Niklas
(03:19) Life journey of Richard Lawrence
(09:48) Bear market lessons and personality traits
(20:51) Philosophy and inspiration of Overlook Investments
(36:42) Investing in China from 1985 to 2022
(48:18) The success of TSMC
(51:39) The art of selling
(55:33) Legal cap on subscriptions
(1:01:51) The outlook of Overlook Investments
(1:03:35) Overlook Hall of Fame
(1:05:48) Book inspiration
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Books/Periodicals Mentioned
- The Model - Richard Lawrence
- Pioneering Portfolio Management - David Swensen
- The Buffett Partnership Letters
- The New Money Masters - John Train
- The Outstanding Investor Digest
- One Up On Wall Street - Peter Lynch
- The Investor's Anthology - Charles Ellis
- Classics II: Another Investor's Anthology - Charles Ellis
- Margin of Safety - Seth Klarman
- The Investor’s Equation - William Bowen and Frank Ganucheau
- The Mind of Wall Street - Leon Levy
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More on Richard Lawrence
The Model: https://themodel.com/
Email: rlawrence@themodel.com
Overlook Investments: https://overlookinv.com/
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About the podcast
Intro episode: https://www.redeye.se/podcast/investing-by-the-books/817383/0-intro-to-investing-by-the-books
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What is Investing by the Books?
Investing by the Books was founded by Henrik Andersson, Bo Börtemark, Mats Larsson and Michael Persson. It has published hundreds of book reviews in the past 10 years and operates on a non-profit basis.
Visit the website: http://www.investingbythebooks.com/
Follow on Twitter: https://twitter.com/Investbythebook
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What is Redeye?
Redeye is a research-centered boutique investment bank from Stockholm. Founded in 1999, Redeye cultivates investors through timeless knowledge, a humble attitude, and a strong focus on quality.
Visit the website: https://www.redeye.se/
Follow on Twitter: https://twitter.com/Redeye_
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Disclaimer
Notice that the content in this podcast is not, and shall not be construed as investment advice. This information is meant to be informative and for general purposes only. For full disclaimer, visit Redeye.se