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EssentialThe Essential Conversation

Opportunity in the Land of the Rising Sun

Featuring Andrew McDermott and David Salem

Dec 16, 2020 • 81 minutes

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Essential

The Essential Conversation

Opportunity in the Land of the Rising Sun

Japanese equities are one of the least-loved and arguably most misunderstood asset classes in the world.

Featuring Andrew McDermott and David Salem

Dec 16, 2020 • 81 minutes

David Salem, managing partner of Windhorse Capital Management, welcomes Andrew McDermott, president of Mission Value Partners, an investment firm that invests almost exclusively in Japanese equities. McDermott argues that Japan is a hidden repository of balance sheet strength, and he and Salem discuss why Japan's business leaders seem not to exhibit the same bad habits that have ruined so many previously-great American companies, such as Intel and GE. McDermott breaks down his analysis of specific companies such as Hitachi, Sazaby, and Daiichikosho Co., and then he tells Salem about the time Warren Buffett called him to seek out his knowledge and advice on investing in Japan. McDermott and Salem also reflect on macroeconomic factors such as demographics and Japan's government debt burden. Filmed on December 14, 2020 Key Learnings: Japanese equities are one of the least-loved and arguably most misunderstood asset classes in the world. But they offer opportunity to the thoughtful investor, as the management of Japanese companies are more prudent and sensible with their allocation of capital. Show More

The Essential Conversation is the world's premier financial-market-focused conversation series. The smartest people in markets, finance, economics, and business engage in deep-diving discussions about the global macro landscape, generating actionable takeaways that can help your decision-making process. Tune in to peer-to-peer conversations between the brightest minds in the investing world, and tune up your portfolio.

More Episodes

The Essential Conversation is the world's premier financial-market-focused conversation series. The smartest people in markets, finance, economics, and business engage in deep-diving discussions about the global macro landscape, generating actionable takeaways that can help your decision-making process. Tune in to peer-to-peer conversations between the brightest minds in the investing world, and tune up your portfolio.

More Episodes

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