Indus Capital

“Japan is largely these days a B to B investment opportunity. As opposed to a B to C. I mean, of course, there are B to C companies in Japan, and there are very big brands. Japan has some amazing brands like Nintendo and Sony, but a lot of the high value-added …”

“Being out of a live market also, I think, is very beneficial to me. The market here opens at five p.m., so I have all day to think and strategize and speak to analysts and read reports and really not get bound up in the babble of the day-to-day tick watching o…”

“And you can find companies that are buying back two, three percent of their shares outstanding, paying out 50% of the net profit in the form of a dividend, just still trading on 10 times earnings and four and a half or five times EB to EBITDA. So there's a dis…”

“Typically it will involve some description of the moat around a company, the barriers to entry, and that's often, in the case of Japan, R&D driven, or technology driven, or it can be patent driven, some sort of intangible asset that's very hard to recreate.”

“If you look at the Japan funds that I manage, the majority of the companies in which we invest are global businesses. They're domiciled in Japan, but they generate the majority of their revenue outside Japan.”