Discussion

Speakers

• Speaker 1 0:00
• Speaker 2 1:52
• Speaker 3 2:55
• Speaker 4 3:42
• Speaker 5 5:00
• Speaker 6 11:16
• Speaker 7 11:17
• Speaker 8 29:04

1. 0:00

   Chapter 1: Very good morning. 112s · Speaker 1

   Very good morning. My name is Jigdel Sinke and it is my immense privilege to open the conversations for the first Asia Visionary Summit. Our first guest has done something quite extraordinary that very few people in the world has done. He's…

2. 1:52

   Chapter 2: Your Excellency Minister and the English guest. 62s · Speaker 2

   Your Excellency Minister and the English guest. and the team of Asian Visionary Summit. It's my honor to visit Bhutan Mumbai for my first time and be able to share some of my thoughts and most of the other challenges I've gone through tryin…

3. 2:55

   Chapter 3: this. Thank you, Hiro -san. 123s · Speaker 3

   this. Thank you, Hiro -san. Our conversation today makes a rather bold claim that Asia must take in centuries. Perhaps we can start by talking about your time at the Japan pension fund. What did you learn about the responsibility of investi…

4. 5:00

   Chapter 4: GPF, for example, owns about 8 % of Japanese stock market, but we cannot participate in today's market because we are long -term holder, we are long -term owner. 198s · Speaker 5

   GPF, for example, owns about 8 % of Japanese stock market, but we cannot participate in today's market because we are long -term holder, we are long -term owner. So who's actually dictating today's market is the person who trades the most. …

5. 8:18

   Chapter 5: beneficiaries. 60s · Speaker 4

   beneficiaries. So those are two biggest discoveries in terms of the portfolio management. And the last one, which is actually not less important, is I just realized, even when we try to bring in more and more sustainability policy, a more a…

6. 9:18

   Chapter 6: GF1. I think today was very interesting because we saw one of the largest. 117s · Speaker 3

   GF1. I think today was very interesting because we saw one of the largest... drawdowns in recent history, $2 .5 trillion wiped off the NASDAQ. Just wanted to hear from you, for an institution like JBEF, how do you stay patient through such …

7. 11:16

   Chapter 7: So, you know, something like when the market is going down, we stay there, calm. 68s · Speaker 6

   So, you know, something like when the market is going down, we stay there, calm. And when the market is going up, we stay there, calm. So, you know, I think a lot of people ask me, you know, should the GVIs just increase investment into the…

8. 12:25

   Chapter 8: Let's spend some time to talk and unpack this idea and concept called Vision Capital. 225s · Speaker 1

   Let's spend some time to talk and unpack this idea and concept called Vision Capital. What does it mean to you? And how do you define it? How is it different from conventional approaches to investing? Yeah, I started using a word of patient…

9. 16:10

   Chapter 9: You know, when we see such an up and down in a specific sector, That attracts a lot of the people who just want to take the advantage of the Shottam, the enthusiasm model. 90s · Speaker 7

   You know, when we see such an up and down in a specific sector, That attracts a lot of the people who just want to take the advantage of the Shottam, the enthusiasm model. And those people will come and go. So I think we don't need to judge…

10. 17:42

    Chapter 10: Let's pivot and perhaps talk about Asia's next century, in particular investment philosophy between the East versus the West, which is interesting because looking at your resume, you also worked in Western firms like Collar Capital, and you also managed Japan's pension fund. 155s · Speaker 1

    Let's pivot and perhaps talk about Asia's next century, in particular investment philosophy between the East versus the West, which is interesting because looking at your resume, you also worked in Western firms like Collar Capital, and you…

11. 20:17

    Chapter 11: heritage. 139s · Speaker 6

    heritage. So I was thinking about how I became myself, like an international business person. When I was young, I really tried to become an international person. But at that time, becoming an international citizen is becoming westernized. I…

12. 22:36

    Chapter 12: development. 294s · Speaker 4

    development. And I think that how vision works together becomes increasingly. What's interesting is you spoke about the role of the game. And you've also pioneered this idea of universal ownership and cross -generational investing. So how d…

13. 27:31

    Chapter 13: you know, you really have to be prepared. 77s · Speaker 7

    you know, you really have to be prepared. You have to be patient in educating the financial market. But one thing, as I touched upon earlier, you already developed the one framework. You know, when I came up with the idea of universal owner…

14. 28:49

    Chapter 14: I think, you have the equation. 118s · Speaker 5

    I think, you have the equation. But you need to continuously educate, because those are not usually exclusive. But having that, you know, like a great monk already, really helps. And the other point I'd like to make is, as I said, the bigge…

15. 30:47

    Chapter 15: analysis and decision making. 137s · Speaker 4

    analysis and decision making. And so patient capital is the one should make their own judgment. You know, GNH or happiness and well -being is an important part of the investment decision. So, oh, can I add one thing? I kind of forgot. I mea…

16. 33:05

    Chapter 16: So, you know, I think we. 143s · Speaker 1

    So, you know, I think we... I kind of forgot that, but the Buddha will probably become the one to remind us. That's where the theory started. Very fascinating. I didn't know that about Adam Smith. Let's turn to the beautiful mindfulness cit…

17. 35:29

    Chapter 17: It's never the other way around. 64s · Speaker 4

    It's never the other way around. You cannot build a capital pool and then hoping that they will find some destination. So you really need to focus on the green, the available and investable projects. And then probably at the beginning, it w…

18. 36:34

    Chapter 18: Hong Kong, and we have that. 124s · Speaker 1

    Hong Kong, and we have that. It just requires the definition of what you mean by financial market, what you want to achieve. But I think that your ultimate goal is how to create the other capital market or the market where the capital comes…

19. 38:38

    Chapter 19: You know, I just didn't feel any sense of ownership. 88s · Speaker 7

    You know, I just didn't feel any sense of ownership. So I think the usual, you know, probably the people who you should try to invite into those private capital, but you cannot incentivize the team to come up with a short -term achievement.…

20. 40:07

    Chapter 20: Hiro -san, unfortunately I have to be impatient because the ushers are telling us we are running overtime. 37s · Speaker 1

    Hiro -san, unfortunately I have to be impatient because the ushers are telling us we are running overtime. Thank you so much Hiro -san, you reminded us that a portfolio is in society and the planet sits in. The most valuable thing a patient…