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Episode #256: Best Idea Show – Jeremy Schwartz, Jesper Koll, WisdomTree, “Japan Is Trading At The Lowest Valuation In 30 Years”

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Episode #256: Best Idea Show – Jeremy Schwartz, Jesper Koll, WisdomTree, “Japan Is Trading At The Lowest Valuation In 30 Years”

 

 

 

 

 

 

 

 

 

 

Guests: Jeremy Schwartz serves as WisdomTree’s Executive Vice President and Global Head of Research. Jesper Koll serves as Senior Advisor to WisdomTree.

Date Recorded: 9/3/2020

Run-Time: 44:16

To listen to Episode #256 on iTunes, click here

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To stream Episode #256, click here

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Interested in sponsoring an episode? Email Justin at jb@cambriainvestments.com

Summary: In our inaugural ‘what’s your best idea’ episode, we welcome our guests, Jeremy Schwartz, WisdomTree’s Executive Vice President and Head of Global Research, and Jesper Koll, Senior Advisor to WisdomTree.

In today’s episode we’re covering their best idea: Japanese stocks. We get a bit of history on Japan’s past boom and bust cycle and the way it has shaped attitudes toward risk and investing in the country. We talk about Japan’s corporate culture, and how it has changed over the years.

We discuss the opportunity the Japanese stock market represents on the basis of fundamentals as the stock market now trades at the lowest valuation in 30 years, and what it’s going to take to get the market moving. We even get into the recent positions Warren Buffett has taken in a few Japanese firms.

All this and more in this special best ideas episode with WisdomTree’s Jeremy Schwartz and Jesper Koll.

Links from the Episode:

  • 0:40 – Intro
  • 1:59 – Welcome to our guests, Jeremy Schwartz and Jesper Koll to the show
  • 2:25 – The Meb Faber Show – Podcast Episode #26: Jeremy Schwartz, “You Should Be Hedged a Lot More Than You Are”
  • 4:32 – Best idea right now
  • 6:22 – The 80’s Japan Boom vs the US 90’s dot com boom
  • 9:46 – Investment sentiment in Japan today
  • 13:38 – How Japanese companies view corporate equity moves
  • 15:50 – Investor activism in Japan
  • 18:54 – How interest rates impact the investing landscape
  • 21:24 – How Warren Buffett and Charlie Munger are getting involved in Japanese companies
  • 25:19 – How they’re implementing their currency strategy
  • 28:33 – What other catalysts drive the Japanese markets
  • 30:48 – Risks to the Japanese trade
  • 32:47 – Easy ways to invest in Japan
  • 33:24 – Composition of the fund
  • 36:20 – Small and midcap section of Japan
  • 37:49 – The lack of headline breaking companies and executives
  • 40:59 – Visiting Japan
  • 42:38 – Learning more: wisdomtree.com, Blog, Jesper’s Blog, Jeremy’s Blog, Fund Comparison Tool

 

Transcript of Episode 256: 

Coming soon.

 

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