The brain absorption companies:Consulting Firms make the world worse Background I saw the news that many highly educated persons in Japan try to join in consulting firms. Their purposes may be short term profits and early retirements. I knew their purposes because I had same purpose… Consulting Firms make the world better or worse? Consulting Firms doesn’t make new products nor new fields, they only try to win competitions. They make the world worse. Brain absorption companies Consulting Firms are the brain absorption companies which absorb the thinking of business managers. Consulting Firms try to take charge of CEOs’ thinking. So that Consulting Firms absorb client companies’ brains. Consulting Firms’ arm They admire business professors’ theory. They use it as arm to client companies. However, theory doesn’t allow just one counterexample. Business professors’ theory is not to be called theory, it is to be called as hypothesis or idea (or joke). So that consulti
2021/6/29. The RED FLAGs in Tokyo Stock Market I sold all my stocks in Tokyo Stock Market. There seems to be some red flags in Tokyo Stock Market. First of all, J-reit market’s average Net Asset Value(NAV) is high. Almost all J-reit stocks’ NAV are over 1. This means that J-reit stocks are more expensive than their real values. Secondly, J-reit market’s average yields is 3.3%, it’s near 3%. This is dangerous flag. Aging country, especially as Japan, has low interest rates, but there are risk premiums. Risk premium has to be higher than 3.5% in Japan. (This number is what I feel.) Interest rates in Japan is under 0%, and I think it is equal to 0%. So J-reit market’s average yields should be over 3.5%. Third red flag is existence of individual investors. They are end buyers, and they seem to bet their money in Tokyo Stock Market. I don’t know when this bull market ends, but I quit this game and take a rest in some months. Cash is king, and crash is near.