Clay is joined by Richard Lawrence, the Founder and Executive Chairman of Overlook Investments, a leading investment firm in Asia. Over a 30-year period, Overlook compounded capital at 14.3% per year, showcasing their consistent ability to find and invest in Asia’s best companies. IN THIS EPISODE YOU’LL LEARN: 0:00:00 - Intro 0:01:14 - Richard’s visit to Hong Kong in 1985 0:04:43 - Lessons from Richard’s father 0:06:53 - Why Richard joined the investment business 0:08:15 - Investing in simple businesses 0:10:53 - The story of Richard’s apartment getting ransacked 0:15:15 - Asian financial crisis 0:25:21 - Why you shouldn’t ignore the macro environment 0:29:27 - How Richard delivered exceptional returns to his investors 0:35:11 - How to identify pricing power in a fantastic business 0:37:41 - Richard’s best investment: Taiwan Semiconductor 0:40:57 - Why Richard prefers dividends over share buybacks 0:45:07 - Richard’s letter to Warren Buffett 0:47:39 - Betting big on China 0:52:26 - The current macro situation in China 0:59:09 - China’s biggest misconceptions 1:00:59 - Richard’s relationship with Jeremy Grantham 1:05:51 - Environmental issues 1:09:41 - Outro 🤝 Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Clay and the other community members: https://theinvestorspodcast.com/mastermind 📚 Start accelerating your learning journey today. Sign up and listen to Richer, Wiser, Happier for free at https://theinvestorspodcast.com/audible 💰Click here to download your FREE guide to Stop Worrying About Your Finances In 4 Simple Steps: https://www.theinvestorspodcast.com/subscribe-youtube/ ▶️ RELATED EPISODES: - Value Investing Masterclass w/ Soo Chuen Tan: https://youtu.be/k_w7zvU9mAg - Uncovering the Truth: Is China's Economy Collapsing? w/ Kyle Bass: https://youtu.be/hvgQaH2pA3Q - The Making of a Value Investor | Bear Market Lessons w/ Gautam Baid: https://youtu.be/McG8-9UNSfk - How To Invest In A Bear Market w/ David Gardner: https://youtu.be/9fpiJuJ5o1k 🎧 Listen to our episodes here: https://open.spotify.com/show/28RHOkXkuHuotUrkCdvlOP 🖊️ Access the transcript and learn more about the guest here: https://www.theinvestorspodcast.com/episodes/betting-big-on-china-and-lessons-from-bear-markets-richard-lawrence/ 📖 BOOK MENTIONED: - The Model by Richard H. Lawrence Jr.: https://amzn.to/3Xx2sRd Disclosure: Some of the links above are affiliate links that we may earn commission from. This helps keep our show going! 😀 💡 OTHER RESOURCES - Seeking Alpha is a crowd-sourced content service for financial markets. Take control of your financial future — Use our link here for a 14-day free trial: https://www.sahg6dtr.com/59QC8Z/R74QP/ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ABOUT OUR SHOW 🎙 On We Study Billionaires, we interview and study famous financial billionaires including Warren Buffett, Bill Gates, and Ray Dalio. We teach you what we learn and how you can apply their investment strategies in the stock market. 🌍 Website: https://www.theinvestorspodcast.com/we-study-billionaires/ 📝 Help us understand our audience better so we can create a more intentional user experience by answering this survey! https://www.theinvestorspodcast.com/survey2023-youtube ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ 📚OUR FREE INVESTING COURSES/RESOURCES https://www.theinvestorspodcast.com/tip-academy/ 📊TRY OUR STOCK INVESTING TOOL: TIP FINANCE https://www.theinvestorspodcast.com/tip-finance/ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ❗ DISCLAIMER: This show is for entertainment purposes only. Before making any decisions consult a professional. This show is copyrighted by The Investor’s Podcast Network. Written permission must be granted before syndication or rebroadcasting.