China, every mention
487 scenes · ← back to China
tap a year for its mentions
every year anyone Ted Seides 346Louis-Vincent Gave 79James Aitken 79Marko Papic 33Richard Lawrence 32Raphael Arndt 31Seth Masters 28Kathy Xu 23Rob Citrone 17Steve Rattner 15
Verbatim, from the transcripts: the passages where China comes up
Classic Deal - Burger King by 3G Capital (EP.384)
- ▶ 36:07 Daniel Schwartz And in the first couple of years, we created partnerships in Brazil, in China, in France.
- ▶ 38:45 Alex Behring So a lot of actions that do create a lot of value, but on a longer horizon, same thing that I said about France, I could have said about China or Brazil.
Nigel Dawn - Secondaries in Private Markets (EP.378)
- ▶ 6:40 Nigel Dawn I went to Newcastle University and studied politics, and then East Asian studies, and spent a year in China learning Chinese, which was very early. 3 times in the scene
- ▶ 43:05 Nigel Dawn Probably I've lived in China and speak some Chinese.
Jonathan Tepper - Buying Monopolies at Prevatt Capital (EP.375)
- ▶ 37:04 Jonathan Tepper In China, they had produced some of their own and then ended up tightening the
Michael Leffell – Opening Doors to Niche Private Opportunities at 10 East (EP.373)
- ▶ 41:29 Michael Leffell We're not going to invest in China.
Michael Milken – Innovations in Finance, Medicine, and Education (EP.371)
- ▶ 17:46 Michael Milken You saw what China has done with their education industry by essentially putting it out of business in the last two to three years, which was a major industry in China. 2 times in the scene
- ▶ 33:53 Michael Milken So over the last few years, you've had significant weakness in Chinese real estate markets. 4 times in the scene
- ▶ 1:08:25 Michael Milken So when I first started going to China in the Middle East, I always would go and visit their elementary schools, sometimes middle and high schools, just to see what the kids thought, what they're learning, what they believe in, and so it… 2 times in the scene
Magnus Grimeland – Day Zero Investing at Antler (EP.369)
- ▶ 4:20 Magnus Grimeland In India and in China, there was tens of thousands of people applying for the same scholarship, so people were incredibly academically rigorous, and it took me about half a year to catch up.
- ▶ 11:45 Magnus Grimeland But when we started, the only way you could really buy things online there is getting shipped in from Japan or from Europe or from the US or from China.
- ▶ 32:29 Magnus Grimeland We worked with them in China.
- ▶ 51:14 unnamed speaker I think the U S a little bit of China, parts of Europe and all the other geographies. 2 times in the scene
Sanjay Ayer – Think Different and Get Better at WCM (EP.366)
- ▶ 42:50 Sanjay Ayer So that's going to take years of testing and trials, and you're not going to take a chance on a fly-by-night operator in China to save a few cents.
- ▶ 45:57 Sanjay Ayer Whereas MercadoLibre would talk about, hey, here's what Alibaba is doing against JD in China.
- ▶ 54:22 Sanjay Ayer And I think we have a hypothesis, at least, that the products we've launched, like emerging markets, China, international small cap, they are making our, call it flagship products, for lack of a better term, better. 4 times in the scene
Tilly Franklin – Endowment Model at Cambridge University (EP.363)
- ▶ 59:04 Ted Seides On the former, how have you thought about risk in China? 6 times in the scene
Brian Christiansen – High-Conviction Growth Investing at Sands Capital (EP.361)
- ▶ 31:05 Brian Christensen So if you looked at a Nike or a Starbucks, which were businesses that we owned in that 2006 portfolio, for example, two of the biggest incremental areas for growth included Asia with China and then Latin with Brazil.
Ana Marshall – The Climb to Investment Excellence (EP.360)
- ▶ 42:04 Ana Marshall So all of a sudden you realize that most emerging markets become correlated to China, that you can't actually diversify, that all of a sudden the political situation isn't going to let you, which there's always politics in emerging…
Thomas Haugaard - Hard Currency Emerging Markets Debt at JHI (EP.356)
- ▶ 4:55 Thomas Haugaard So I covered mainly China, Latin America, or Swedish commercial bank.
- ▶ 10:25 Thomas Haugaard So one thing that is peculiar about hard currency is compared to other EM asset classes is that China is a relatively small part of it. 4 times in the scene
- ▶ 32:38 Ted Seides I'd love to turn to some of your thoughts on the current markets, and usually in this universe, the place to start is China. 7 times in the scene
Michael Levy – Crow Family Real Estate Empire (EP.353)
- ▶ 22:20 Michael Levy And by the end of the 19 sixties, he was developing around the world, including in China, he was developing in the 19 seventies.
Rick Heitzmann – New York Venture Investing at FirstMark Capital (EP.350)
- ▶ 30:30 Rick Heitzman This isn't China.
- ▶ 37:13 Rick Heitzman So I think two thirds of all unicorns in the world have a member of the guild and most companies in New York, but there's companies in China and there's companies in Europe.
Allison Thacker – Different Perspectives and Different Assets at Rice University (EP.348)
- ▶ 38:32 Allison Thacker My deputy CIO and I just got back from a trip over to Singapore and Hong Kong just to think, can you invest in Asia if China doesn't work?
Bruce Ou – Private Market Investing at GroveStreet (EP.347)
- ▶ 4:46 Ted Seides Our conversation canvases Bruce's immigration from China, thoughts on middle market buyouts, venture capital, and growth equity investing, opportunities in China, and co-investments. 2 times in the scene
- ▶ 6:20 Bruce Ou My mom and dad had started a dairy business in Sichuan, China, raising cows on the farm and selling milk in the city where we lived. 3 times in the scene
- ▶ 36:13 Ted Seides I'd love to hear some of your views about investing in China today. 9 times in the scene
Isaac Corre – Event-Driven Investing at Governors Lane (EP.344)
- ▶ 38:20 Isaac Corre Obviously, the various Chinese agencies that regulate transactions, they're a very big part of that. 2 times in the scene
- ▶ 43:21 Isaac Corre It's a Chinese coffee retailer, the aspiring Starbucks of China. 2 times in the scene
Alan Forman – Yale Endowment Real Estate (EP.340)
- ▶ 40:18 Alan Forman It was all new builds in India and China and Brazil, so we literally didn't do anything.
Muthu Muthiah - Inefficiency and Innovation at CHOA (EP. 339)
- ▶ 22:12 Muthu Muthiah So not just looking for innovation that looks like tech, innovation that looks like business model innovation in China or India or the markets or even
- ▶ 30:26 Muthu Muthiah The concentration took us to places thematically where we thought there was an efficiency and innovation, so we went more concentrated into China, more into India, more into technology disruption, per se, and then more into life sciences. 5 times in the scene
- ▶ 37:53 Muthu Muthiah So if you thought about China, it's about 16% of global GDP right now.
Stan Miranda – Modern Endowment Model at Partners Capital (EP.334)
- ▶ 21:31 Stan Miranda We migrated into the growth sector, and we believed in the extreme focus in biotech, or China, or emerging technology, because these were deep experts. 2 times in the scene
Kimberly Sargent – Passion and Mission at the Packard Foundation (EP.333)
- ▶ 24:36 Kimberly Sargent I mean, it's been mostly India and China. 10 times in the scene
Kipp deVeer – The World of Private Credit at Ares (EP.329)
- ▶ 58:38 unnamed speaker We have a very nice business there that's actually distributed pretty broadly across, you know, China, Southeast Asia, India, et cetera.
Seth Klarman – Timeless Value Investing (EP.328)
- ▶ 1:01:25 Seth Klarman We talked to our clients not that long ago about a few Chinese stocks we were finding. 3 times in the scene
James Aitken – Opportunities and Risks from Monetary Policy (EP.326)
- ▶ 54:32 James Aitken Aided and abetted, of course, by the rise of China.
Matt Breitfelder – Optimizing Investment Performance through Human Capital (Capital Allocators, EP.323)
- ▶ 9:14 Matt Breitfelder The birth of the WTO, China joining the WTO, the introduction of the euro currency, being part of that and soaking that up and learning a lot about negotiation and about the art of the deal.
Chris Sacca – Hustling to Save the Planet at Lowercarbon (Capital Allocators, EP.321)
- ▶ 41:59 Chris Sacca What kind of maniac goes to China?
Kiyan Zandiyeh – Empty Rooms: Venture Capital on the Emerging Frontier at Sturgeon Capital (Capital Allocators, EP.317)
- ▶ 3:44 Kiyan Zandiyeh So for example, when I was a teenager, it was at a time where also you could start buying wholesale stuff from China for the likes of Alibaba.
- ▶ 10:38 Kiyan Zandiyeh It was also intersected at a time where you started seeing successful technology companies being built out of countries like China, India, Southeast Asia, that had validated the concept.
- ▶ 15:12 Kiyan Zandiyeh Whereas in more developed emerging markets, China, India, Southeast Asia and Latin America, you had already seen that play out.
- ▶ 15:40 Kiyan Zandiyeh The first region was Central Asia and the Caucasus, and to put that maybe on a map, it's basically all the countries between China and Europe.
Amy Falls – From Bonds to Boards to Leading Northwestern (Capital Allocators, EP.316)
- ▶ 4:43 Ted Seides We then turned to her thoughts on manager selection, liquidity, and across asset classes covering fixed income, private credit, private equity, public equity, and China.
- ▶ 7:16 Amy Falls Bonds became essentially government bonds in places like Sweden and Finland, and because I had the interest in government and emerging markets, I was able to push that into at least European governments, Canadian provinces, and then Asia…
- ▶ 53:34 Amy Falls I think actually regional players may be even the sweet spot between trying to do everything and only doing China or India or Brazil. 7 times in the scene
Marc Lasry – Avenues of Opportunity (Capital Allocators, EP.315)
- ▶ 54:13 Marc Lasry Five years ago, we were comfortable investing in China. 6 times in the scene
Tony Yoseloff – Forty Years of Davidson Kempner (Capital Allocators, EP.313)
- ▶ 21:44 Tony Yoseloff We do invest elsewhere in Asia, but a great majority of our investments are in India or in China. 9 times in the scene
- ▶ 32:14 Tony Yoseloff Same thing in Asia with China or India or whatever major geography you want to be invested in.
Ashby Monk – Investor Identity, Navigation, and Resilience (Capital Allocators, EP.312)
- ▶ 5:31 Ted Seides The impact of higher rates and inflation, the denominator effect on private markets, what to do in China, how to position for energy transition, the future of lending, and what shoe will drop next.
Mario Giannini & John Toomey – Private Equity Panel (Capital Allocators EP.309)
- ▶ 5:00 Ted Seides Co-investments, ESG, China, and geopolitical risk.
- ▶ 8:06 Mario Giannini I think the most global economies outside of perhaps China are going to go into a recession and it will be a shallow one.
- ▶ 1:05:05 Ted Seides I'll turn to another interesting area, maybe risk, maybe opportunity, which is China. 10 times in the scene
Adam Rodman – The Case for Nuclear (Climate Solutions EP.4, Capital Allocators EP.304)
- ▶ 17:32 Adam Rodman The market was very skeptical of China's built plan, very skeptical of India's built plan, and Russia, which were the sources of growth globally.
- ▶ 23:06 Adam Rodman And very quickly, through lifetime extensions in the West, China's build policy advanced, you know, the Russian war went into tight supply, and prices have gone up in advance.
- ▶ 37:33 Adam Rodman In certain cases, the Chinese who are building scalable, inexpensive reactors built on the Westinghouse design
William Orum – Mission-Aligned Allocation at Capricorn (Climate Solutions EP.2, Capital Allocators EP.301)
- ▶ 29:56 Ted Seides What happens in China and India affects what we might be able to do here.
- ▶ 33:53 Bill Orem It is obviously the core of the issue, I think, for many that look at this challenge, which is, if you look at global emissions, 40% plus is now coming from China, India, and that will only grow over time.
- ▶ 55:02 Bill Orem I think the emerging markets, specifically China and India are obviously a challenge.
Tom Steyer – Investing to Save Humanity (Climate Solutions EP.1, Capital Allocators EP. 300)
- ▶ 20:01 Tom Steyer Thirdly, one of the things that was happening, it's hard to remember or imagine in 2023, but Goldman Sachs, which was, as I said, I think the premier investment bank in the world, when I worked there in 1983 to 1985, had zero people in…
- ▶ 59:24 Tom Steyer Beta is always going to move around and we know that there's going to be slower growth out of China, faster growth out of China. 2 times in the scene
Dan Ivascyn – Fixed Income in the Limelight Again (Capital Allocators, EP.298)
- ▶ 43:45 Dan Ivascyn Tensions with China, North Korea, Middle East.
Anthony Scaramucci – Another Winter and Another Rebirth (Capital Allocators, EP.292)
- ▶ 6:18 Ted Seides You've had a series of business deals, selling your first hedge fund, buying the Citibank business that created the Skybridge Fund of Funds, then before the White House, but almost selling it to the Chinese. 2 times in the scene
Gregg Lemkau - The Evolution of MSD (Capital Allocators, EP.291)
- ▶ 16:07 Gregg Lemkau You may have to do deals with sovereign wealth funds, and that may mean you need to go do a deal with China, or you need to go build a gigafactory in Jeddah, or you have to have private equity people on the board, but there's a bunch of…
Ana Marshall – Preparing for the New Environment at Hewlett (Capital Allocators, EP. 288)
- ▶ 4:33 Ted Seides We cover inflation, private equity secondaries, liquidity management, China, emerging markets, and ESG.
- ▶ 24:36 Ted Seides It does feel like it's become a tale of two, China and the rest of the world. 7 times in the scene
- ▶ 29:02 Ted Seides What are you seeing in emerging markets outside of China? 3 times in the scene
Charles Van Vleet – Thinking Differently with Pensions at Textron (Capital Allocators, EP. 283)
- ▶ 23:30 Charles Van Vleet Not to be harsh about this, but I, when I hear somebody once say it, they said, you know, we really have two economies and two markets, Ted, we have, you know, the U S here and we have China over here. 6 times in the scene
Colin Smith and Farouk Miah - Empty Rooms: Investing in Africa (Capital Allocators, EP. 279)
- ▶ 21:32 Colin Smith You know, China is up at 80, 90%.
- ▶ 57:41 Farouk Miah Because India looks more attractive, or Russia comes back into the norm, and China is fine again, and therefore why should I go to Africa when I can get better risk-adjusted reward elsewhere?
Louis-Vincent Gave – The Case for Emerging Markets (Capital Allocators, EP.275)
- ▶ 4:40 Ted Seides We discuss emerging markets, the U.S. dollar, age of weaponization, deglobalization, China, and where to invest to weather the storm.
- ▶ 9:14 Louis-Vincent Gave I've spent 25 years in China. 4 times in the scene
- ▶ 15:20 Louis-Vincent Gave Like I mentioned, you look at Chinese bonds, 3 times in the scene
- ▶ 16:59 Louis-Vincent Gave China is now the world's second largest bond market, and it's all local currency stuff.
- ▶ 18:34 Louis-Vincent Gave So for example, trying to sell China to US institution or even a European institution today, forget it. 2 times in the scene
- ▶ 21:22 Louis-Vincent Gave China's uninvestable because they might invade Taiwan tomorrow, and I don't believe that for a second, by the way, but who wants to take that political risk? 4 times in the scene
- ▶ 26:07 Louis-Vincent Gave You look at the monetary aggregates of Brazil or China or Indonesia, they didn't grow to the same extent as we saw in the Western world. 3 times in the scene
- ▶ 28:26 Louis-Vincent Gave China turns to them and says, hey, I like your iron ore. 3 times in the scene
- ▶ 29:39 Louis-Vincent Gave The first book I wrote was basically following the weaponization of the semiconductor industry against China. 4 times in the scene
- ▶ 32:06 Louis-Vincent Gave So we're going to say, okay, let's reshore everything from China. 2 times in the scene
- ▶ 33:41 Ted Seides I'd love to turn to some more of your thoughts on China. 6 times in the scene
- ▶ 36:51 Louis-Vincent Gave The main thing on my mind is the perception of the market is China's about to hit the wall big time because of its real estate problems and political problems and slowdown, et cetera, all of which are very real. 6 times in the scene
Friends Reunion 2 – Five Allocators Riff on Investing with Meredith Jenkins, Casey Whalen, Brett Barth, Jon Harris, and Ted Seides (Capital Allocators, EP.271)
- ▶ 12:07 Brett Barth A lot of private equity funds that we invested in 1015 years ago where they had offices in China and part of what they were doing was helping companies either sell into China or source into China.
- ▶ 31:56 Meredith Jenkins One thing I've gone back and forth on, whether it's a positive or a negative, is China's really struggling. 2 times in the scene
Ted Seides – Insights on investing and podcasting (Capital Allocators, EP.269)
- ▶ 33:08 Ted Seides Uh, less so these days in, in the private markets, but people have a very different view, say, in US private equity than in China.
Howard Smith – Japanese Equities at Indus Capital (Manager Meetings, EP.35)
- ▶ 22:56 Howard Smith They invest in China, they invest in the ASEAN region, they invest in Australia.
- ▶ 43:18 Howard Smith There is tremendous mispricing in the Japanese market that stems from years of neglect and misunderstanding and focus, I think, on other places, you know, specifically, I think, the US and China over the last six or seven years in an era… 2 times in the scene
Sarah Samuels – Framework and Rigor at NEPC (Capital Allocators, EP.264)
- ▶ 15:06 Sarah Samuels Even if you knew your exposure to Chinese venture to the 10th point, you can't really trade on it because it's illiquid unless you do a secondary sale.
- ▶ 16:41 Sarah Samuels One is that there was a tremendous amount of travel, and we were going all over the place into China, and I had a very young family, little babies.
- ▶ 42:54 Sarah Samuels We think that healthcare is for sure a theme in healthcare in China. 4 times in the scene
Josh Friedman – Master Class in Credit Investing at Canyon (Capital Allocators, EP.263)
- ▶ 47:15 Josh Friedman Obviously China, the property sector has had more than its share of significant stress. 2 times in the scene
- ▶ 50:22 Josh Friedman Since then, a lot of other things have happened, including what's gone on with Russia and the Ukraine, including what's happened with additional shutdowns in China, which prevent the supply chain from reacting the right way.
Mario Giannini – View from the Top of Private Equity at Hamilton Lane (Capital Allocators, EP.262)
- ▶ 51:21 Mario Giannini People are not sure what China and the US relationships will be. 2 times in the scene
Rob Citrone – Emerging Markets, Hedge Funds, and Staying in the Game (Capital Allocators, EP.261)
- ▶ 11:17 Rob Citrone I did 33 years of this now in EM, and I've been to Argentina, Brazil over 52 times each, for instance, and China 12 times, and even Russia six times, Turkey 12 times. 2 times in the scene
- ▶ 18:55 Rob Citrone I can remember we were shorting the red chips in China in 97, 98. 3 times in the scene
- ▶ 24:45 Rob Citrone China rivaled it for a little while. 10 times in the scene
- ▶ 26:17 Ted Seides If your views on China play out over the next period of time, what does that mean for the rest of the world markets? 3 times in the scene