There is much enthusiasm on our board now for investing in Japan, mostly based on the long term chart which seems to some to prove the cheapness. I'm quite jealous of you guys because I'm utterly unable to jump into a stock intending to get out of it in a month or so. The attention this demands from me, ruining my regular work, is intolerable. Anyway, lots of luck to you all. I really enjoy my regular business visits to Japan. I love visiting Japanese gardens and temples and when you've been there enough times you know the places where you can get delicious food at reasonable prices. And ordinary Japanese people are extraordinarily pleasant. They are sentimental and warm. BUT BUT BUT, forget meaningful annual reports, forget transparency, forget the ever growing competition in manufacturing from South Korea and now China.forget the aging population, forget the almost total absence of basic research in science, forget the absolute corruption of the party which has been in power for 50 years or so, forget the coming decline in population, forget the resistance to immigration, strongest such resistance in the world, forget the docility of the electorate, forget all this and then it's easy to take a flyer in this so cheap(??) Japanese share market. Again, lots of luck!
Sincerely |
