Lizzie Chan & Graham Rhodes - An Update on Longriver
I received great feedback for a podcast I recorded with my wife Lizzie in 2022 as I was setting up this company. To mark Longriver’s third anniversary, she kindly agreed to interview me again. We cover what I've learned as an entrepreneur, my investment process, what makes Longriver different and how exciting it is when fellow investors and business analysts reach out.I hope you enjoy our conversation.
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27:03
TP Huang - BYD's Electric Dreams
I spoke with analyst TP Huang about BYD, exploring his writing and analysis of the company, electrification and China's new industrial revolution. If you are interested in these topics, I highly recommend you read TP's Substack. He excels in explaining the engineering and technical aspects which make electrification and BYD's rapid progress possible.TP also posts regularly on X (@tphuang).
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1:01:02
Eric Markowitz - From Crisis to Clarity
I spoke with Eric Markowitz, Partner and Director of Research at Nightview Capital, about an essay he published this year titled, “How a brush with death shaped my long game” (link). We dive straight into the details of a health crisis which shook Eric’s world in early 2023 (link) and then have an open-ended conversation about what he’s taken from it as a husband, father, friend and investor.
I highly recommend you read Eric's essay before you listen to (or read) our conversation. The context will help and you will get to enjoy Eric’s wonderful skill as a writer. If you want more, you can follow Eric on X (@EricMarkowitz) or at Big Think (link).
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51:06
Brian Mushonga & James Hull - Bottlenecks
I spoke with Brian Mushonga and James Hull, co-Founders of the Caledon Energy Transition Fund, about their backgrounds, their partnership and their investment strategy.
We used Vertiv Holdings as a case study, touching on its history and development into one of the world’s leading power and thermal management suppliers to the data centre; its Chairman and his track record at Honeywell; its sales composition; and its role as a key supplier to the ongoing AI capex boom.
Finally, we discussed how Brian and James approach valuing cyclical stocks; how they overcome anchoring bias; and what could kill the boom.
Longriver Investment Partners Limited (“Longriver”) is licensed with the Securities and Futures Commission of Hong Kong (“SFC”) to provide Type 4 and Type 9 regulated activities in Hong Kong to Professional Investors only. Investment involves risk. This podcast is for informational purposes only and it is not intended as promotional material in any respect. It does not constitute an offer, recommendation, or solicitation to buy or sell any securities or services. Longriver makes no representations or warranties, express or implied, as to the accuracy or completeness of the content.
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57:48
Daye Deng - Divergent Paths
I spoke with Daye Deng (邓达业), author of the East Asia Stock Insights substack, about the Chinese sportswear industry and two of its leading players, Anta and Li Ning.
We began with Daye's background as a Chinese person growing up in Japan and then Canada; his career as a buyside investor; and why he's now devoting his time to companies in East Asia.
We then discussed the trends driving Chinese consumers' interest in sportswear; what makes sportswear companies good businesses; the rise and travails of China's homegrown sportswear companies; Li Ning and Anta's origin stories; Anta's success with a multi-brand strategy; the two companies distinct cultures; their corporate governance issues; the persistence of fierce inventory cycles in the Chinese market; and Anta's investment in Amer Sports, a holding company which owns Arc'teryx, Salomon, Wilson and other brands.
Longriver Investment Partners Limited (“Longriver”) is licensed with the Securities and Futures Commission of Hong Kong (“SFC”) to provide Type 4 and Type 9 regulated activities in Hong Kong to Professional Investors only. Investment involves risk. This podcast is for informational purposes only and it is not intended as promotional material in any respect. It does not constitute an offer, recommendation, or solicitation to buy or sell any securities or services. Longriver makes no representations or warranties, express or implied, as to the accuracy or completeness of the content.
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