Japan, every mention
47 scenes (2021) · ← back to Japan
tap a year for its mentions
every year 2021 anyone Ted Seides 142Toby Rodes 69David Wong 33Howard Smith 29James Aitken 19Herb Wagner 16Hiro Mizuno 13Jeremy Grantham 12David Baran 10Kazuhiko Shibata 9
Verbatim, from the transcripts: the passages where Japan comes up
Will Cook - Sunriver Management (Manager Meetings, EP.22)
- ▶ 6:34 Ben Cooper Mid smaller cap companies, maybe regions that are less well trafficked in like Japan has been an area where we spent a lot of time.
Richard Tedlow - Charismatic Business Leadership (Capital Allocators, EP.222)
- ▶ 21:40 Richard Tedlow Japan and Germany had come back.
Jordi Visser – Analytics and AQ at Weiss (Capital Allocators, EP.221)
- ▶ 21:24 Jordi Visser We have a, uh, Japan
- ▶ 35:07 Jordi Visser Now, on the government side, they're going to keep rates lower because they can't hurt the distribution of wealth problem, and this is the main thing, is whether it's Japan setting up a wealth distribution council, whether it's China…
Savneet Singh – The Operator/Investor whose Software is Feeding the World (Capital Allocators, EP.220)
- ▶ 8:35 Savneet Singh I remember meeting CEOs when I was 22 years old, flying to Japan to do a deal.
Rashmi Kwatra – Sixteenth Street Capital (Manager Meetings, EP.17)
- ▶ 9:41 Ellen Ellison I've done this in Japan, I've done it in Latin America, so that I feel like I have a fairly good international or emerging market baseline for her, given that she was a relatively small fund,
- ▶ 53:43 Rashmi Kwatra So does Japan. 2 times in the scene
Barry Sternlicht – Masterclass in Real Estate in a Post-COVID World (Capital Allocators, EP.216)
- ▶ 20:10 Barry Sternlicht We've been all over the world, whether it's Thailand or Japan or Europe.
- ▶ 32:11 Barry Sternlicht Now, in Korea, in Saudi, in Japan, they're back in the office.
Daniel Graña – Janus Henderson Investors Emerging Markets Equity (Manager Meetings, EP.13)
- ▶ 42:00 Daniel Graña The export driven economic model that was used by very successfully by Japan, then Korea, Taiwan, and now China, that is not going to be as easy to replicate going forward.
Friends Reunion – Five Allocators Riff on Investing (Capital Allocators, EP.215)
- ▶ 42:41 Casey Whalen I think, like, Japan is a wonderful long short market. 3 times in the scene
Rick Rieder – BlackRock (Manager Meetings, EP.08)
- ▶ 28:42 Rick Rieder Do you think Japan will be a buyer or seller of bonds and manage a lot of money for Japanese clients? 2 times in the scene
Wylie Fernyhough – Private Equity Stakes (Capital Allocators, EP.208)
- ▶ 41:42 Wylie Fernyhough It's just so nice to get out of the norm and be exposed to new cultures, meet new people, and Japan was the first place I really traveled that sparked my love of traveling, and I can't say enough about the people, the culture, the food.
Julia Bonafede – Rosetta Analytics (Manager Meetings, EP.04)
- ▶ 12:24 Julia Bonafede Wilshire was primarily doing business within the U.S. at that point, and had started doing business with Japan, and really had not offered its services anywhere outside of the U.S., and the first thing that we did, we had a woman come in,…
Private Equity Masters 4: David Rubenstein – Carlyle Group (Capital Allocators, EP.203)
- ▶ 11:57 David Rubenstein We had a few Japanese investors. 2 times in the scene
- ▶ 20:25 David Rubenstein And then after Europe, I would go to Asia, then Japan, and then we did the rest of the world, Latin America, Middle East, and Africa as well. 2 times in the scene
- ▶ 31:55 David Rubenstein The major in countries in Asia, including Japan, North America, and Western Europe, that's where the profits are really being made.
Jeremy Grantham – GMO (Manager Meetings, EP.01)
- ▶ 22:13 Jeremy Grantham All of them are overpriced, and whether they're overpriced at 25 times earnings or 35 times earnings or in Japan at 65 times earnings, it's very difficult to work out in any sort of academic way since you're dealing with craziness where… 2 times in the scene
- ▶ 29:04 Jeremy Grantham Even Japan went to 65. 2 times in the scene
- ▶ 44:25 Jeremy Grantham Japan, who, who also did very well, 3 times in the scene
- ▶ 53:09 Jeremy Grantham Why would I care if every other Japanese owns every other Japanese tons of money, so that in total, the debt looks intimidating by historical standards. 2 times in the scene
- ▶ 54:53 Alex Shahidi Because obviously they have a lot of tools to use, but when you look across the world, you look at Europe, you look at Japan, they have a lot of tools as well, and they've been trying for a long time without success.
Private Equity Masters 3: Robert F. Smith – Vista Equity Partners (Capital Allocators, EP.202)
- ▶ 56:01 Robert F. Smith It's Japan.
Private Equity Master 2: John Connaughton – Bain Capital (Capital Allocators, EP.201)
- ▶ 42:35 John Connaughton We've wanted to Japan Metal Market for, for the last four years, but we just needed to find the capacity, and since we grow organically, a lot of our people, it does mean that they have to come up through the organization oftentimes.
- ▶ 53:40 John Connaughton And so the secret sauce that they don't get is that the reason why they want to work with each other, the reason why we have the longest tenured Asia head, Japanese head and India head.
Private Equity Masters 1: John Toomey – HarbourVest Partners (Capital Allocators, EP.200)
- ▶ 46:47 John Toomey A place like Japan, where the private equity as a percentage GDP is probably the lowest of any developed market in the world, as you see some of the daily headlines, that is changing, that is evolving, and so that's a quite attractive…
- ▶ 59:30 John Toomey What's happening in Japan right now, and our team on the ground, and our clients, and are we going to be able to fly to the EU in order to meet clients again face to face, and then
Innovation in Private Markets 3: Sulaiman Alderbas – A Massive Restart at PIFSS (Capital Allocators, EP.194)
- ▶ 43:51 Sulaiman Alderbas So remember that Asia market neutral, it didn't work because Japan was kind of boring for a long time, and then it really ripped off.
Innovation in Private Markets 1: Steve Moseley – The Space in Between GPs and LPs at Alaska Permanent Fund (Capital Allocators, EP.192)
- ▶ 6:15 Steve Moseley This is just after the bubble burst in Japan.
Dominic Garcia – Risk-based Investing at New Mexico PERA (Capital Allocators, EP.187)
- ▶ 34:52 Dominic Garcia So for instance, we're going to be long MSCI world and short Japan, or just as an example, what you're really hedging out is that residual.
Jeff Housenbold – Inside Softbank Vision Fund (Capital Allocators, EP.186)
- ▶ 26:47 Jeff Hausenbold Masa had an exclusive to sell the iPhone in Japan, was very close to Steve Jobs.
Crypto for Institutions 4: Ari Paul – Exploiting Inefficiencies in Crypto Trading (Capital Allocators, EP.183)
Crypto for Institutions 1: Eric Peters – The Macro Case for Bitcoin (Capital Allocators, EP.180)
- ▶ 32:44 Ted Seides How do you think about the historical analog of Japan in their zero interest rate environment for whatever it is now, 20 years, where it seems like they've continued to do just fine.
- ▶ 47:15 Eric Peters Maybe there's a run on a currency in Japan or, you know, I don't know what happens, but
Alex Shahidi and Damien Bisserier – Uncorrelated Return and Balanced Risk at Evoke-ARIS (Capital Allocators, EP.179)
- ▶ 25:36 Damien Bisserier There are historical examples in Japan, for example, where yields have been low for a long time. 2 times in the scene
David Baran and Kazuhiko Shibata – Friendly Activism in Japan at Symphony (Capital Allocators, EP.176)
- ▶ 4:19 Ted Seides Symphony focuses on deeply undervalued companies in Japan with a long bias, constructive engagement strategy that works closely alongside willing management teams to see intrinsic value reflected in the share price. 4 times in the scene
- ▶ 5:26 Ted Seides So David, why don't you take me back to the beginning, and how in the world you got to Japan? 7 times in the scene
- ▶ 12:05 Kazuhiko Shibata And at that time, Japan, students coming from Japan is the largest group. 3 times in the scene
- ▶ 15:37 David Baran And it got me thinking that the long-term investment in deep value names in Japan probably is the best place to put your money. 2 times in the scene
- ▶ 18:55 Kazuhiko Shibata But when I went back to Japan, company belong to employees. 5 times in the scene
- ▶ 27:37 David Baran Now they've worked through all of that for the most part, but we would go to city hall and pull the land registrations based upon the company's 10 Q's or whatever it would be in Japan.
- ▶ 34:27 Kazuhiko Shibata We created the limited partner in Japan, and limited partner on 40%, and management, a founding family on 20%, so that we, together we control two sides.
- ▶ 35:50 Ted Seides David, there have been so many fits and starts over the last 20 years of the perception that governance in Japan was changing. 3 times in the scene
- ▶ 48:38 David Baran I always found it very interesting where people would poo poo Japanese companies and say, oh, you know, their return on investment is so slow, their margins are so bad.
- ▶ 54:21 Ted Seides So I'm curious, as you've gone through these iterations, both with changes in the Japanese equity markets, and as you mentioned from when you started, changes in, say, the hedge funds that were coming in, what's happened over the years… 4 times in the scene
- ▶ 58:15 David Baran Started to really take notice and try and deploy more assets to Japan, try and shake things up. 4 times in the scene
- ▶ 1:03:51 David Baran But between family and markets, both Japan and international, 2 times in the scene