What podcasts say about Ryan Albert
Every statement, with the speaker, the exact quote and the moment it was said.
What Ryan Albert has said on podcasts
30 statements · 19 positive · 9 negative · 2 neutral
Investors chasing rising stocks create selling pressure in illiquid non-AI companies.
“investors sell stakes in companies that have not gone up for a long period of time to chase companies that are going up quickly, that puts selling pressure, particularly in more illiquid names”
Open the episode · Korea’s Hidden Value: Activism, AI & Golfzon | Ryan AlbertListen at 6:04
Korea’s valuation discount reflects minority status in family-controlled companies.
“the discount simply put is just the price of being a minority partner to family controlled companies”
Open the episode · Korea’s Hidden Value: Activism, AI & Golfzon | Ryan AlbertListen at 8:20
Korean controlling families benefit from maintaining low share prices for succession.
“a low share price is wanted”
Open the episode · Korea’s Hidden Value: Activism, AI & Golfzon | Ryan AlbertListen at 9:03
Japan’s governance reforms demonstrate that substantial market change is possible.
“the Japanese example showed what is possible”
Open the episode · Korea’s Hidden Value: Activism, AI & Golfzon | Ryan AlbertListen at 10:21
Golfzon Holdings traded at 0.15–0.2 times book value.
“trading 0.15 to 0.2 times book value. Pretty obscene prices.”
Open the episode · Korea’s Hidden Value: Activism, AI & Golfzon | Ryan AlbertListen at 14:12
The Golfzon Holdings tender offer was not fair value.
“that, to me, at least was not a fair offer”
Open the episode · Korea’s Hidden Value: Activism, AI & Golfzon | Ryan AlbertListen at 15:18
Golfzon Holdings’ fair value was at least 30,000 won per share versus a 6,700-won offer.
“I felt that value was at least 30,000 Korean won per share. The tender offer price was at 6,700”
Open the episode · Korea’s Hidden Value: Activism, AI & Golfzon | Ryan AlbertListen at 17:21
No shares were tendered during Golfzon Holdings’ second tender offer.
“zero shares were tendered, like literally zero shares were tendered”
Open the episode · Korea’s Hidden Value: Activism, AI & Golfzon | Ryan AlbertListen at 20:31
Eliminating Korea’s governance discount would benefit society.
“the Korea discount should be eliminated. It's better for society.”
Open the episode · Korea’s Hidden Value: Activism, AI & Golfzon | Ryan AlbertListen at 22:03
Many Korean FMCG companies trade cheaply relative to Western-market valuations.
“there's a lot of FMCG companies that I think trade at valuations that are quite cheap versus what they are in Western markets”
Open the episode · Korea’s Hidden Value: Activism, AI & Golfzon | Ryan AlbertListen at 28:35
Many Korean companies are both inexpensive and growing.
“Cheap and growing.”
Open the episode · Korea’s Hidden Value: Activism, AI & Golfzon | Ryan AlbertListen at 29:36
Speculative behavior in Korean equities has moderated from earlier in the year.
“the speculative nature has died down”
Open the episode · Korea’s Hidden Value: Activism, AI & Golfzon | Ryan AlbertListen at 43:17
Korea offers unusually broad opportunity across nearly 3,000 listed companies.
“there's no other market in the world with the depth of almost 3,000 listed companies”
Open the episode · Korea’s Hidden Value: Activism, AI & Golfzon | Ryan AlbertListen at 44:05
Korea is unusually attractive for governance-focused value investors.
“Hard to find other markets that are as exciting as Korea.”
Open the episode · Korea’s Hidden Value: Activism, AI & Golfzon | Ryan AlbertListen at 44:46
Japan has fewer controlled entities than Korea.
“Japan has less controlled entities and Korea has a majority controlled.”
Open the episode · Korea’s Hidden Value: Activism, AI & Golfzon | Ryan AlbertListen at 45:58
Governance will improve in deep emerging markets competing for investment capital.
“I do think you will see governance improvement”
Open the episode · Korea’s Hidden Value: Activism, AI & Golfzon | Ryan AlbertListen at 49:04
Cumulative voting gives minority shareholders greater influence over board appointments.
“it allows a lower threshold of ownership to have more say in appointing board members”
Open the episode · Korea’s Hidden Value: Activism, AI & Golfzon | Ryan AlbertListen at 51:59
Korea’s three-percent rule caps controlling groups’ voting power for audit elections.
“the controlling shareholder group plus affiliates, their voting power is capped at 3%”
Open the episode · Korea’s Hidden Value: Activism, AI & Golfzon | Ryan AlbertListen at 52:14
Korean holding companies should have less influence over downstream subsidiaries.
“Holding companies should not be able to influence that much power on grandchildren companies”
Open the episode · Korea’s Hidden Value: Activism, AI & Golfzon | Ryan AlbertListen at 54:33
Korea’s mandatory tender-offer bill was intended to give minorities a control premium.
“the mandatory tender offer bill, it was meant to give minorities control premium”
Open the episode · Korea’s Hidden Value: Activism, AI & Golfzon | Ryan AlbertListen at 55:32
Korea’s mandatory tender-offer bill was scrapped.
“the bill scrapped to the best of my knowledge now”
Open the episode · Korea’s Hidden Value: Activism, AI & Golfzon | Ryan AlbertListen at 56:53
Korea’s bear-hug bill will probably pass by year-end.
“it's probably likely by year end”
Open the episode · Korea’s Hidden Value: Activism, AI & Golfzon | Ryan AlbertListen at 58:22
The bear-hug bill would require boards to disclose acquisition proposals and review plans.
“the board of directors must disclose an acquisition proposal and must publicly disclose its terms and the board's review plan of it”
Open the episode · Korea’s Hidden Value: Activism, AI & Golfzon | Ryan AlbertListen at 58:25
Japan has a functioning market for corporate control.
“Japan has a working market for control”
Open the episode · Korea’s Hidden Value: Activism, AI & Golfzon | Ryan AlbertListen at 1:01:05
Japanese corporate ownership is relatively dispersed.
“Japan has dispersed ownership”
Open the episode · Korea’s Hidden Value: Activism, AI & Golfzon | Ryan AlbertListen at 1:01:09
Korean governance reforms lack established legal precedent.
“there's no precedence”
Open the episode · Korea’s Hidden Value: Activism, AI & Golfzon | Ryan AlbertListen at 1:02:45
Many Korean governance changes are expected to occur in 2027.
“a lot of these changes will happen in 2027”
Open the episode · Korea’s Hidden Value: Activism, AI & Golfzon | Ryan AlbertListen at 1:03:12
Korean governance reform is credible and unlikely to reverse quickly.
“I do think this change is credible”
Open the episode · Korea’s Hidden Value: Activism, AI & Golfzon | Ryan AlbertListen at 1:03:34
Korea gaining developed-market status could significantly affect its equity market.
“if that happens, that could potentially be huge”
Open the episode · Korea’s Hidden Value: Activism, AI & Golfzon | Ryan AlbertListen at 1:04:52
Developed-market reclassification would probably benefit Korea longer term.
“longer term, it's probably better”
Open the episode · Korea’s Hidden Value: Activism, AI & Golfzon | Ryan AlbertListen at 1:05:00
Statements are attributed to the speaker as said on the episode and reflect their view at the time, not PodLume's. They are not advice.