TIP647: Value Investing Masterclass w/ Soo Chuen Tan
On today’s episode, Clay is joined by Soo Chuen Tan who is the founder and president of Discerene Group to discuss global & contrarian value investing.
Soo Chuen started his firm in 2010 with less than $100 million in AUM and has grown it to over $2 billion. Utilizing their strict value investing approach, Discerene has had an impressive investment track record since its founding in June 2010.
IN THIS EPISODE YOU’LL LEARN:
00:00 - Intro
02:30 - What led Soo Chuen to start Discerene Group shortly after the collapse of Lehman Brothers.
15:33 - What differentiates Discerene Group from other value investors.
20:34 - Lessons that Soo Chuen teaches younger investors.
38:43 - Whether great investing can be learned or not.
43:20 - How Soo Chuen balances the subjectivity of markets with solid and rationale investment approach.
01:00:19 - The importance of reflexivity in markets.
01:06:46 - How Discerene has avoided value traps.
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] (https://www.theinvestorspodcast.com/mastermind-2/) to engage in meaningful stock investing discussions with Stig, Clay, Kyle, and the other community members.
---Check out [Discerene Group] (https://www.discerene.com/) .
---Follow Soo Chuen on [LinkedIn] (https://www.linkedin.com/in/soo-chuen-tan-509142/) .
---Jason Zweig’s article: [The Seven Virtues of Great Investors] (https://jasonzweig.com/the-seven-virtues-of-great-investors/) .
---Bobby Knight’s book: [The Power of Negative Thinking] (https://www.amazon.com/Power-Negative-Thinking-Unconventional-Achieving-ebook/dp/B009RRHTM4/ref=sr_1_1?crid=2KWTGN4NA7JIM&dib=eyJ2IjoiMSJ9.Z5TzbSqokpV-4ikeE2NcmnCZFwKImPQZ0eERWk6FzFes2VwshCpSiNlisALBq0g0IfSwxtk9cw8tgerBkP7t1sLmEV9A9vpoua0iu-Zq6geubZlXQUttp_4jF_nsAF0EJmYXjirWIcHpCYJb8AO-hX81ZcS6yvekFCB-FZ8XFhpLq6BDb91_S7l3r6sQFYpWE4TzG-DglvmT_LhaX8X6uR68qgznObH4SsWXdO72TwGDR6cQKzDaHHgFKGp3hWC1RON6cQ4e8-kojIoIqOM5oDSj3M_HbZwXM761VDZQ3MM.hDGaWygh2sKqayX72V3C2x3_pOgzroFLj-khlDw1Cec&dib_tag=se&keywords=The+Power+of+Negative+Thinking&qid=1721332595&sprefix=the+power+of+negative+thinking%2Caps%2C265&sr=8-1) .
---David Chambliss’s [The Mundanity of Excellence] (https://academics.hamilton.edu/documents/themundanityofexcellence.pdf) .
---Solomon Asch [Conformity Line Experiment Study] (https://www.simplypsychology.org/asch-conformity.html) .
---Malcolm Salterl's [Short-Termism at Its Worst] (https://papers.ssrn.com/sol3/papers.cfm?abstract_id=2247545) .
---Gopalan, Milbourn, Song, & Thakor's [Duration of Executive Compensation] (https://apps.olin.wustl.edu/faculty/Gopalan/11_Duration%20of%20executive%20compensation.pdf) .
---Related Episode: Listen to [TIP492: The Best Investor You've Never Heard Of (Nick Sleep)] (https://link.chtbl.com/WSB492) , or watch the [video] (https://www.theinvestorspodcast.com/episodes/the-best-investor-youve-never-heard-of/) .
---Related Episode: Listen to [RWH044: How to Beat the Market w/ Bryan Lawrence] (https://link.chtbl.com/RWH044) , or watch the [video] (https://www.theinvestorspodcast.com/richer-wiser-happier/how-to-beat-the-market-w-bryan-lawrence/) .
---Related Episode: Listen to [TIP592: Outperforming the Market Since 1998 w/ Andrew Brenton] (https://link.chtbl.com/WSB592) , or watch the [video] (https://www.theinvestorspodcast.com/episodes/outperforming-the-market-since-1998-w-andrew-brenton/) .
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