Ardal Loh-Gronager on his book The Perceptive Investor, Global equity investment, China | S07 E06
Episode publishedPodcast: The Acquirers PodcastThe Acquirers Podcast
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We are live. This is Value After Hours. I'm Tobias Carlisle. I'm joined as always by Jake Taylor. He's infirm. So his face is not on camera, but he's here in mind, body, spirit, just not face. And special guest today is Adel Loegroniger of Loegroniger Partners. He's written a brand new book. It's called The Perceptive Investor. It's got an absolutely superb cover. It's just my blue screen's not gonna be able to see it, but there it is. How are you, Ardel? Welcome. I'm
very well, Tobias. Thank you. Thank you very much. Thank you also to Jake. Thank you for having me. I can help you with that because my green screen, I think, is a bit further away. So I can hold it up like this. That's
a great looking cover. You can't see it, but if you zoom in, the lion is, is numbers and there's a red eye and a green eye on the back. It's very clever. Tell us a little bit about, the reason that you wrote the book and, what the book's about.
Absolutely. So the book was actually never meant to be a book. The, it was written for a market of one, which was for me. I kind of thought that, so I have a library of roughly sort of four to 500 finance and business books. And I thought when I was starting out with my fund, it would probably make sense to write down my investment thesis or philosophy. So I don't know how you read books, but when I read a book, I've always got a a pen with me or a highlighter. So I sort of write in the margins as I go and I highlight sections. So I thought a good start might be going through all the books and
of your mom to to buy all those copies. It's
funny that you say that, Jake, because I I I did send a copy to my uncle who lives in Australia. And he said to me, he said, Ardel, this it it it feels good. It looks good. And it's a fabulous cure for insomnia. It's
a good doorstop. The art, science, and temperament, talk to us a little bit about what qualitative, insights that you are looking for and and how you feel that that can give you a differentiated view on a stock versus everybody else.
So I think, so taking the the question slightly broader. So, you know, on a quantitative analysis, I think we're all looking at the same information or data set. So that's why I just don't think you can have very much of a differentiated view if you're only doing a quantitative analysis of a business Because one person's analysis to another when using the same information is gonna be relatively similar depending what assumptions you make in your DCF or or calculations of of the like. But I think from a quantitative sorry. Qualitative perspective. So now here we're trying to look at the the bus
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