Eugene Ng: Searching For "Zero To One" Companies

Hey Guys! This week we have Eugene Ng. He is the founder of Vision Capital which invest in public and private markets. On this episode Eugene shares with us his New Death Experience, how he rediscover investing, how he constructs a portfolio, why he likes to invest in Zero to One businesses and he explains his six-part framework using DLocal ($DLO) as an example.  [0:00] Eugene’s Near Death Experience [5:50] Rediscovering Investing: Value to Growth [22:00] Can you really estimate earnings growth? [30:00] Increasing Prices [34:00] Eugene’s Six Part Framework: DLocal ($DLO) [44:00] DLocal: Take Rates a Race to the Bottom? [50:00] Portfolio Construction [54:00] Public and Private Investments [58:00] Zero to One Businesses [1:04:00] When to Sell? [01:13:00] Exciting Industries: Nuclear Fusion [1:6:00] More from Eugene and Closing Questions If you enjoyed this podcast, make sure to Follow Eugene on Twitter (here) and check out his Substack (here). Also, if you're interested, check out a copy of his book (here). I do not receive any kickbacks from book sales!! Finally, a big thanks to the following sponsors for making the podcast a reality. Mitimco This episode is brought to you by MIT Investment Management Company, also known as MITIMCo, the investment office of MIT. Each year, MITIMCo invests in a handful of new emerging managers who it believes can earn exceptional long-term returns in support of MIT's mission. To help the emerging manager community more broadly, they created emergingmanagers.org, a website for emerging manager stockpickers. For those looking to start a stock-picking fund or just looking to learn about how others have done it, I highly recommend the site. You'll find essays and interviews by successful emerging managers, service providers used by MIT's own managers, essays MITIMCo has written for emerging managers and more! Quartr Quartr is revolutionizing the way investors interact with IR departments, listen to conference calls, and engage in investment research. The best way to think of Quartr is like Spotify for investor conference calls. Quartr is 100% free and includes markets from 12+ countries (with plans to expand in the future!). Investors can easily request new companies, and Quartr is quick to add them. You can learn more about Quartr by visiting their site, Quartr.se If you're interested in changing the way you research companies, download the app today and give it a try on Apple and Android. Tegus Tegus has the world’s largest collection of instantly available interviews on all the public and private companies you care about. Tegus actually makes primary research fun and effortless, too. Instead of weeks and months, you can learn a new industry or company in hours, and all from those that know it best. I spend nearly all my time reading Tegus calls on existing holdings and new ideas. And I know you will too. So if you’re interested, head on over to tegus.co/valuehive for a free trial to see for yourself. TIKR TIKR is THE BEST resource for all stock market data, I use TIKR every day in my process, and I know you will too. Make sure to check them out at TIKR.com/hive.