Shownotes Transcript
Today we welcome Jason Crawshaw from Polaris to talk about investing in international markets. Originally from South Africa, he is now a portfolio manager here. His journey's been a rollercoaster, from business school in the US to cutting my teeth in Johannesburg's equity market. Now, for over a decade, he's called Polaris home, focusing on global value. Lately, he is locked on international plays, whether it's established or emerging markets. Learn more about the future of investing in international markets! T
his week we discuss...
- Jason's experience in the equity market, particularly in fundamental equity analysis, with a focus on cash flow generation.
- How Jason's investment strategy revolves around discounted cash flow analysis, particularly focusing on maintenance cash flow adjusted for inflation.
- Jason's preference for international markets over the US due to perceived value opportunities.
- The dominance of the US in global equity markets and the potential overvaluation compared to other regions.
- Regions like Europe and their economic challenges, energy concerns, and regulatory issues.
- Emerging markets: past enthusiasm and current challenges, especially in China.
- Africa as a frontier market with demographic advantages but also currency and governance challenges, making it difficult for equity investors.
- The importance of capital allocation and shareholder returns, and the impact of management decisions on stock performance.
For more information, visit the show notes at https://moneytreepodcast.com/investing-in-international-markets-jason-crawshaw-629)
Today's Panelists:
- Kirk Chisholm | Innovative Wealth)
- Megan Gorman | The Wealth Intersection)
- Phil Weiss | Apprise Wealth Management)
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