´´ Value Investing Japan

Friday, May 8, 2020

The Tron Project: How Japan Almost Ruled IT

At a chilly winter day in 1989 the Japanese flabbergasted the world of tech. They presented a house, tucked away in one of Tokyo’s most fashionable neighborhoods, which was able to think, sense and act on its own. It linked millions of microprocessors in consumer appliances, business machines and telecommunication networks in one giant, cooperative web. 

The Tron House

The house would know when to open the windows, air-condition the room and water the plants. It would flush the toilet, flip the faucet and air-dry your hands. When the phone rang, it muted the stereo. If the homeowner wanted to cook a French meal, it would set the correct oven temperature, after presenting a recipe and how to prepare the meal on a kitchen monitor. All without manual human interaction.

Monday, March 30, 2020

Performance Update

Performance update to be found HERE

Friday, November 15, 2019

Investor Z

Zaizen Takashi passes his entrance examine at the top of the heap and is about to start his first year in junior high school at “Dojuku Gakuen”, a 130-year old prestigious institute of higher education. The day after the entrance ceremony, "the secret" of the school is revealed to him: An "investment club”, consisting only of the top students from each of the six grades.

The club members have a mission. They must invest from a capital of 300-billion yen and yield a profit of 8%, which is their annual goal. Therefore “Dojuku Gakuen”, boasting the highest standards of education in all of Japan, is tuition free.

Here begins the fascinating manga about the world of finance and Zaizen Takashi, an investing genius in the making, who bets the entirety of his youth on money and investments. 

Investor Z by Norifusa Mita (Link)

Tuesday, September 24, 2019

Investing in Japan: Getting by on "Yuutai"

I reckon the readers of my blog will be familiar with my investment gurus, namely Peter Cundill, Walter Schloss, Jean- Marie Eveillard, and many others coming from Grahamanddoddsville.

But have you ever heard of Hiroto Kiritani? Until very recently me neither. Mr. Kiritani used to enjoy a minor kind of celebrity status as a top-ranked Japanese player of shogi (kind of an east Asian version of chess). More than a decade ago Mr. Kiritani jumped ship, figuring that he could do a lot better by reinventing himself as an investment guru. Since, he has become kind of a celebrity with Japanese retail investors in an obscure corner of the Japanese investment world called 株主優待 “kabunushi yuutai”, which could be loosely translated into “hospitality.”