Value investors often seek out markets that are statistically cheap because such markets offer a good possibility of identifying attractive investment opportunities. After all, this seems like a sure-fire way to make money.
Unfortunately, the reality is not quite so simple. The fact that a market may be statistically cheap is not, by itself, a sufficient condition to realize market beating returns over time. Investors involved in the Japanese market in recent years can attest to this harsh reality. However, it is very likely that significant opportunities exist in Japan despite the many macroeconomic and corporate governance concerns cited as the usual reasons for statistical cheapness. How should investors go about identifying promising companies in Japan while avoiding value traps?
ValueConferences is currently offering a 50% discount for the Japan Investing Summit 2012 which will take place on November 7 and 8. The conference is fully online which means that attendees can avoid the costs and hassles associated with conference travel. Better yet, the discounted registration fee is only $297 through October 26. The Japan Investing Summit is organized by same company that produces the widely acclaimed Manual of Ideas, a monthly publication specializing in bringing value-oriented investment ideas to sophisticated investors. The conference will feature more than twenty of the world’s most successful investors including:
- Mohnish Pabrai, Managing Partner of Pabrai Investment Funds
- Shuhei Abe, CEO, SPARX Group
- David Baran, CEO, Symphony Financial Partners
- Joshua Kennedy, Managing Partner, Sonian Capital Management
- Alexander Kinmont, CEO, Milestone Asset Management
- Tim McElvaine, President, McElvaine Investment Management
- John Lambert, Investment Manager, GAM
- Robert Macrae, CEO, Arcus Investment
- Noriyuki Morimoto, CEO, HC Asset Management
- Mark O’Friel, Managing Partner, MOF Capital
- And many more …
In addition to the conference content, attendees are provided with a number of bonus features including a 100+ page conference issue of The Manual of Ideas. We encourage readers to learn more about the conference by clicking on one of the links above.
Disclosure: The Rational Walk receives a referral fee for registrations originating from this site.