Good stuff. For Japan I recommend looking at Ferrotec. 1st mgmt led buyout company in Japan's history (about 15 years ago). Does a lot of tech in China and holds a lot of critical tech patents.
Great insight about complex theses being a way for value investors to flex and I totally agree with the characterisation of false precision.
You might enjoy Lyall Taylor's writing. He's been the biggest influence on my style after Graham. A good example of a very simple thesis and in the second article, explaining why that makes these types of investments good opportunities:
Good stuff. For Japan I recommend looking at Ferrotec. 1st mgmt led buyout company in Japan's history (about 15 years ago). Does a lot of tech in China and holds a lot of critical tech patents.
Great insight about complex theses being a way for value investors to flex and I totally agree with the characterisation of false precision.
You might enjoy Lyall Taylor's writing. He's been the biggest influence on my style after Graham. A good example of a very simple thesis and in the second article, explaining why that makes these types of investments good opportunities:
https://lt3000.blogspot.com/2017/02/michael-kors-is-out-of-fashion.html
https://lt3000.blogspot.com/2017/08/michael-kors-215-overnight-and-why.html