Soo Chuen Tan, Discerene - Contrarian, Long-Term Value Investing

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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?
To see links or read the transcript of the episode, visit us at:
mebfaber.com/2023/09/20/soo-c...
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[@eunseokshin4239]

thanks for the great interview

[@mathieudeliens5211]

Great interview!

[@sailorbob74133]

I love his description of their process.

[@ggttuuxx]

Very interesting and honest capital management structure.