Dec 1, 2022
My guests today are Daye Deng and Balkar Sivia from Value Punks.
Balkar has spent a decade investing globally, in the US, Indian, and other Emerging Markets. He is a CFA charterholder and has a degree in electrical engineering from University of British Columbia.
Daye has focused on Asian equities in his career, having worked in Hong Kong, Seoul, and Tokyo. He is fluent in Japanese and Mandarin, is a CFA charterholder and has a degree in mathematics from the University of Toronto.
Together, they write and run Value Punks. Which is a publication focused on global stock research. Value Punks' aim is to provide independent, institutional-grade research on good and actionable ideas in a way that educates, informs, and importantly, helps build conviction.
In today’s conversation, we cover the story and origin behind Value Punks, Value investing and what it means, and touch on a few of their interesting ideas.
I hope you enjoy my conversation with Value Punks.
For the full show notes, transcript, and links to mentioned content, check out the episode page on https://compoundingpodcast.com/ep43
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Show Notes:
[00:00:31] - [First question] - Balkar’s Background
[00:05:07] - Daye’s Background
[00:07:04] - Explaining the Punk
[00:08:59] - Value Punks’ strengths compared to others
[00:11:51] - Differences being an independent writer vs at a large asset manager
[00:15:32] - How do you divide the work as a duo?
[00:19:09] - The case for investing in international stocks
[00:22:46] - Daye’s thoughts on Value Investing
[00:26:05] - Balkar on Emerging Market Banks
[00:31:28] - Daye on Hong Kong Exchange
[00:35:48] - Dealing with curveballs
[00:39:48] - Underrated skills
[00:42:29] - Influential books
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Connect with Value Punks:
Value Punks’s Newsletter: https://valuepunks.substack.com/
Follow Value Punks on Twitter: https://twitter.com/valuepunks
Follow Deng on Twitter: https://twitter.com/dengusa
Follow Balkar on Twitter: https://twitter.com/WhiteFalconCap
Connect with Daye on LinkedIn: https://www.linkedin.com/in/daye-deng-29541380/
Connect with Balkar on LinkedIn: https://www.linkedin.com/in/balkar-sivia-59281343/
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Mentioned/Recommended Content:
Asian Godfathers by Joe Studwell: https://amzn.to/3XN2S5p
How Asia Works by Joe Studwell: https://amzn.to/3XOV6rG
Warren Buffett’s Letters to Shareholders: https://www.berkshirehathaway.com/letters/letters.html
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