Japanese companies

“We own companies that have like 60% heavy down margins. I mean, I'd be hard pressed to find that in the U.S. Market. And they're making money. They're profitable.”

“I spent quite a number of years actually trying to understand both how and why the stock market was discounting so many of these companies, and there were literally hundreds of them”

“Pre-COVID, I was actually getting better access to the senior management of Japanese companies here than I ever did in Japan.”

“Japanese companies are absolutely critical players in the value chain for semiconductor production. Whether it's the production equipment that's used in lithography or etching or inspection or cleaning or dicing or whatever it may be, or whether it's the mater…”

“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…”

“When the end went through one 40, Japanese companies started saying, you know, this is not good for us anymore. So they've already been signaling that they don't want the end to go to one 60. So they're prepared for even our round tripping back to the one fort…”

“People accuse Japanese companies of having awful disclosure, and it's true. It's awful disclosure in English. It's great disclosure if you read Japanese.”