Japan, every mention

Toby Rodes - Unlocking Value in Japan (EP.407) Sep 23, 2024 · 69 mentions

• ▶ 8:06 Toby Rodes My first boss was a visiting scholar from Japan, Jiro Tamura from Keo University. 8 times in the scene
• ▶ 9:55 Toby Rodes Japan seems immediately familiar when you touch ground. 8 times in the scene
• ▶ 12:08 Toby Rodes I realized how markets were organized in Japan so you could figure out who the winners were going to be. 7 times in the scene
• ▶ 14:19 Toby Rodes I believe in five-year cycles, and my career in Japan has at first been figure out the language, figure out how to basically be engaging and make friends and just become part of the group. 2 times in the scene
• ▶ 16:07 Toby Rodes No one else has done that coming out of Japan. 2 times in the scene
• ▶ 17:21 Toby Rodes I saw on the horizon that Japan was finally waking up from a thirty-year slumber, that a governance breeze was blowing, and that true to form, what Japan didn't understand, and that I could arbitrage into this market, was accountability… 3 times in the scene
• ▶ 26:14 Toby Rodes That was the BOJ doing a hostile takeover of the Japanese bond market. 6 times in the scene
• ▶ 28:50 Toby Rodes In Japan, we had the same 4000 listed companies, but we got there from 2000. 2 times in the scene
• ▶ 29:33 Toby Rodes What's really interesting is Japan has tried to educate their own domestic investor complex to be better custodians of capital. 3 times in the scene
• ▶ 32:13 Toby Rodes So a fan in Japan is the symbol of prosperity. 2 times in the scene
• ▶ 34:03 Toby Rodes One, in Japan, this has been a growth-starved economy for a long time. 4 times in the scene
• ▶ 35:44 Toby Rodes It's the biggest risk in Japan. 4 times in the scene
• ▶ 43:50 Toby Rodes This is the cultural element again, because Japan is a proof of work culture.
• ▶ 44:51 Toby Rodes Japan has shown that it compounds at about 12%. 2 times in the scene
• ▶ 46:34 Toby Rodes Market multiples in Japan are seven, eight, maybe depending on where you look and maybe market cap adjust, 12 times EBITDA. 2 times in the scene
• ▶ 48:59 Toby Rodes So the big element here, and it's playing out, is that this market for control is too painful for Japan to bear. 4 times in the scene
• ▶ 51:43 Toby Rodes So our portfolio is built for even things like the normalization of Japanese interest rates. 6 times in the scene
• ▶ 57:14 Toby Rodes I think the second is a mentor in Japan. 3 times in the scene