Diego Milano: Quercus Fund, Deep Value Investing, Kazakhstan, China, and more | ValueHunt #20

• 🌎 Insights into investing in developing markets from a Brazilian fund manager's perspective • 🎓 How an engineering background can be applied to investing strategies • 💼 The challenges and opportunities of launching and managing a fund in Portugal • 💡 Diego's unique investment philosophy and approach to building conviction • 📊 The importance of valuation in stock selection and portfolio management • 🧠 Strategies for managing emotions and psychological aspects of investing • 🏢 A deeper look into investing in holding companies and their potential value • 📈 How to measure performance and stay true to your strategy during periods of underperformance • 🔍 A peek into some of Quercus Fund's positions, including Tianjin Development Holdings • 🎧 Tips on tuning out market noise and investing as a "single-player sport" • 💪 Advice for young professionals entering the finance world and maintaining humility in the industry • 🚀 Practical strategies for avoiding common psychological pitfalls and being controlled by emotion Connect with me :) Linkedin - https://www.linkedin.com/in/david-barbato/ Twitter - https://twitter.com/ghrxcutvjb Substack - https://valuehunt1.substack.com Spotify - https://open.spotify.com/show/7jWVlCZo9fRlIMf8W1zgD2?si=212493dfde8a4743 Connect with Diego: Linkedin - https://www.linkedin.com/in/diego-milano-98047b9/ Twitter - https://x.com/diegobmilano Quercus Fund - https://www.quercusfund.com/ Time Stamps 00:00:00 Intro 00:06:00 Engineering Background 00:11:20 Launching and managing a fund in Portugal 00:20:40 Investing in the Developing World 00:27:20 Building Conviction 00:30:38 Investment Process 00:48:30 How to Measure Yourself 01:01:05 Managing Emotions 01:05:30 Quercus Positions 01:09:40 Tuning Out The Noise 01:12:30 Investing as Single Player Sport