NEW EPISODE OUT NOW ❗️❕ We covered a lot of ground on how to invest in growth companies as a 'foreigner' and how to find multibaggers in Japan. Our guest today is Praveen Kumar Praveen has close to 2 decades of experience investing in growth equities as the former Portfolio Manager of the Baillie Gifford Shin Nippon Trust, the Japanese Smaller companies fund and as the co-deputy of the Baillie Gifford Japan Trust. Growth equities have admittedly had a tough stretch these past few years. But it’s exactly why we felt this was a great conversation to have, and understanding why there are some interesting opportunities today. We loved hearing his experience as someone who looks at a different corner of the Japanese market to many foreign investors who tend towards deep value. What’s also remarkable, and something that should give courage to many investors, is that he’s learnt to invest in Japan without speaking Japanese! When he first started, translation wasn’t easily available and he’s had to learn the hard way. Through his 2 decades of experience talking to Japanese companies and investing in them, he shares practical insights on investing in Japanese growth companies. Whether its about how to talk to Japanese management teams, how to assess them, or how to understand the cultural context of Japanese business. He also mentions several interesting investment ideas that are solving uniquely Japanese problems today. In this episode we discuss: ・Why language barriers are an overrated deterrent to investing in Japan ・The unique red flags and green flags when looking at Japanese companies ・What kind of companies have been multi-baggers ・How to build rapport with Japanese companies ・Some of the unique consumer behaviours in Japan ・Investing in SoftBank ・The invisible market cap ceiling for Japanese companies ・Some of the best resources to learn about Japanese culture …and more We hope this gives our listeners a deeper insight into why, in addition to statistically cheap companies, there are interesting opportunities in growth equities - and the tools and insights to improve your research process for fundamental analysis in Japan.

An easy way to try and understand the ‘true price’ most are experiencing in Japan: Instead of prevailing rates just use a conversion rate of ¥100 JPY/USD.

Lets goooo who else is here?!

The legend himself GS co-head of Japanese equities John Joyce.

【話題】サイゼリヤさん、ミラノ風ドリアを300円から320円に値上げ サイゼ社長「“値上げしない方針”を転換したではないので安心して下さい。隙あらば安くしたいと思ってます」 →隙を見せたらすぐ値下げしてきそうで怖いと話題に xitter.cf/cocoshooo/status/21106…

You can stream a webinar. You can't stream walking into an arena with the entire industry in it. November 17–18 at the Moody Center in Austin. Register at the link in the replies.

サイゼリヤ値上げ、ミラノ風ドリア300円→320円。 驚いたのはお知らせの内容。 「【当社の努力不足により】、食材の不足や原価上昇を吸収できない事態が発生しております」 普通なら外部環境を理由にするところなのに、すべて自社の責だと言い切るとは大したものです👍

サイゼリヤ、29日から値上げ

Nanocap HK listed operator of 10 pachinko halls in Japan trades at 0.22x p/b and 1.4 p/e but issued lots of new shares in Dec and Feb. 20%+ diluted at 0.2x p/b lol. No dividend either. Lots of terrible co's in HK. Why own something like this? Okura 1655. $14m mcap

Is Japan cheap?

Micron has been reasonable regarding future memory prices, while others have been extortionate, which is something today’s customers won’t forget … Micron is making is the smart move for long-term customer loyalty.