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We Study Billionaires - The Investor’s Podcast
Guest
On today’s episode, Clay is joined by Richard Lawrence. Richard is the Founder and Executive Chairman of Overlook Investments, a leading value-oriented investment firm in Asia that he founded in 1991.
Over a 30-year time period, Overlook compounded capital at 14.3% per year — a remarkable record of growth that is a testament to their consistent ability to find and invest in Asia’s best companies.
IN THIS EPISODE YOU’LL LEARN:
00:00 - Intro
01:53 - Why the 1980s was the most transformative period in Asia’s history.
04:03 - Key lessons that Richard learned from his father, who owned an investment firm in New York.
07:10 - Why Richard prefers to invest in the most simple businesses.
12:23 - What Richard learned from having his apartment ransacked after publicly calling out a management team his firm invested in.
13:17 - What was happening during the Asian financial crisis that made it an economic nightmare for businesses all throughout Asia?
22:33 - Why Richard regrets ever listening to Buffett’s advice on ignoring the broader macro environment when investing in great companies.
23:51 - How Richard helped Taiwan Semiconductor improve their capital allocation decisions.
38:55 - Why Richard generally prefers dividends over share buybacks.
42:24 - What led Richard to recommend TSMC’s stock to Warren Buffett?
44:33 - Why Overlook has started to bet big on China.
50:49 - Richard’s view on the current macro situation in China.
58:55 - The biggest misconceptions that US investors have with respect to China.
01:00:35 - How Jeremy Grantham influenced Richard to be more mindful about the environmental risks that lie ahead
And so much more!
Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.
BOOKS AND RESOURCES
SPONSORS
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Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm
Continue reading...
Over a 30-year time period, Overlook compounded capital at 14.3% per year — a remarkable record of growth that is a testament to their consistent ability to find and invest in Asia’s best companies.
IN THIS EPISODE YOU’LL LEARN:
00:00 - Intro
01:53 - Why the 1980s was the most transformative period in Asia’s history.
04:03 - Key lessons that Richard learned from his father, who owned an investment firm in New York.
07:10 - Why Richard prefers to invest in the most simple businesses.
12:23 - What Richard learned from having his apartment ransacked after publicly calling out a management team his firm invested in.
13:17 - What was happening during the Asian financial crisis that made it an economic nightmare for businesses all throughout Asia?
22:33 - Why Richard regrets ever listening to Buffett’s advice on ignoring the broader macro environment when investing in great companies.
23:51 - How Richard helped Taiwan Semiconductor improve their capital allocation decisions.
38:55 - Why Richard generally prefers dividends over share buybacks.
42:24 - What led Richard to recommend TSMC’s stock to Warren Buffett?
44:33 - Why Overlook has started to bet big on China.
50:49 - Richard’s view on the current macro situation in China.
58:55 - The biggest misconceptions that US investors have with respect to China.
01:00:35 - How Jeremy Grantham influenced Richard to be more mindful about the environmental risks that lie ahead
And so much more!
Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.
BOOKS AND RESOURCES
- Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, Kyle, and the other community members.
- Richard’s fund: Overlook Investments.
- Richard’s book: The Model.
- Book mentioned: The Economics of Climate Change.
- John Holdren’s annual presentation on climate change.
- Related Episode: Listen to WSB647: Value Investing Masterclass w/ Soo Chuen Tan, or watch the video.
- Follow Clay on Twitter.
- Check out all the books mentioned and discussed in our podcast episodes here.
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SPONSORS
Support our free podcast by supporting our sponsors:
- River
- Toyota
- Range Rover
- TastyTrade
- The Bitcoin Way
- Vacasa
- Found
- Onramp
- Fundrise
- American Express
- SimpleMining
- Facet
- AT&T
- USPS
- Shopify
- Fundrise
HELP US OUT!
Help us reach new listeners by leaving us a rating and review on Apple Podcasts! It takes less than 30 seconds, and really helps our show grow, which allows us to bring on even better guests for you all! Thank you – we really appreciate it!
Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm
Learn more about your ad choices. Visit megaphone.fm/adchoices
Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm
Continue reading...