The Meb Faber Show: “Soo Chuen Tan, Discerene – Contrarian, Long-Term Value Investing”
The Meb Faber Show: “Soo Chuen Tan, Discerene – Contrarian, Long-Term Value Investing”
Today’s guest is Soo Chuen Tan, Founder & President of Discerene Group, which has a fundamental, contrarian, long-term value investing philosophy.
Today’s episode starts off with lessons from working under the great Seth Klarman at Baupost. Then we spend a lot of time around what the ideal structure is for an investment firm and how to build a true partnership with LP’s – and that even includes giving money back when there aren’t opportunities in the market.
Then we get into his investing philosophy. He answers broad questions like: what businesses actually have network effects? Does it matter if a certain business goes away tomorrow?
Today’s episode is sponsored by YCharts. YCharts enables financial advisors to make smarter investment decisions and better communicate with clients. YCharts offers a suite of intuitive tools, including numerous visualizations, comprehensive security screeners, portfolio construction, communication outputs, and market monitoring. To start your free trial and be sure to mention “MEB” for 20% off your subscription here: https://go.ycharts.com/meb2023 (New clients only)
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