TIP605: Untangling Global Outperformers w/ Dede Eyesan
On today’s episode, Kyle talks to Dede Eyesan about investing outside of your home country and what you need to research to improve your circle of competence, why China, India, and Japan have some interesting businesses and which sectors might produce the next outperformers, the strength of monopoly type businesses when searching for outperformers, the characteristics of outperformers that are least difficult to try to identify, interesting insights into iGaming and IT consulting industries, and much, much more! Dede Eyesan is the Chief Investment Officer of Jenga Investment Partners (IP). Jenga IP is a fund specializing in allocating capital to public and private companies on a global scale. They own businesses in countries such as Finland, Poland, China, Mexico, the U.S., Australia, Sweden, Kazakhstan, and France. He authored Global Outperformers: A decade study of the top performing global listed companies (1,000% in 10 years) IN THIS EPISODE YOU’LL LEARN: 00:00 - Intro. 02:54 - The primary reasons for China’s lower shareholder returns. 06:12 - Potential value chains in India that Dede finds interesting. 10:20 - Insights into Indian markets, governance issues, and regulation. 14:03 - Why consumer electronics is interesting in India, but not a good business model in most other geographies. 18:04 - The importance of good economics and competitive advantage in finding outperformers. 19:51 - Why monopolies like Airports of Thailand and Texas Pacific Land Corporation made good investments. 26:14 - Insights into two South African companies that are still high quality in Karooooo and Naspers. 34:44 - Why iGaming has low barriers to entry but high barriers to success. 34:55 - Why uncertainty can punish a business’s valuation. 44:37 - Dede’s outlook on his latest acquisition, GoFore, and why he likes IT consulting. 56:59 - GoFore's competitive advantage and growth forecast. 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. Jenga Investment Partners (IP) Global Outperformers. Learn more about Jenga Investment Partners here. Read Jenga IP’s detailed research here. Learn more about the Berkshire Summit by clicking here or emailing Clay at clay@theinvestorspodcast.com Follow Kyle on Twitter and LinkedIn. Check out all the books mentioned and discussed in our podcast episodes here. NEW TO THE SHOW? Follow our official social media accounts: X (Twitter) | LinkedIn | Instagram | Facebook | TikTok. Check out our We Study Billionaires Starter Packs. Browse through all our episodes (complete with transcripts) here. Try our tool for picking stock winners and managing our portfolios: TIP Finance Tool. Enjoy exclusive perks from our favorite Apps and Services. Stay up-to-date on financial markets and investing strategies through our daily newsletter, We Study Markets. Learn how to better start, manage, and grow your business with the best business podcasts. SPONSORS Support our free podcast by supporting our sponsors: River Toyota Linkedin Marketing Solutions Fidelity Efani Shopify NDTCO Fundrise Wise NetSuite TurboTax Vacasa NerdWallet Babbel 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! Learn more about your ad choices. Visit megaphone.fm/adchoices