Andrew McDermott and Yohei Yamada from Mission Value discuss the intricacies of value investing in Japan. They delve into the impact of human biases and the long cycles that characterize this market. The duo challenges the myth of "cigar butt" investing and highlights cultural differences in corporate governance between Japan and the West. They also stress the importance of effective communication with potential investors to spotlight Japanese investment opportunities. This conversation provides rich insights for anyone interested in the Japanese market.

Andrew McDermott from Mission Value, an expert in market trends and investment strategies, dives deep into the recent shifts in the Japanese market. He sheds light on recency bias and discusses how to build resilient portfolios in turbulent times. The conversation also covers the effects of the yen's depreciation on local investors and highlights the contrasts between big corporations and smaller sectors. Additionally, McDermott explores the impact of geopolitical tensions on investments in both Japan and China, emphasizing Japan's significance.