The essence of investing in a nutshell An asset is something that generates cash flow, and the value of an asset is the present value of future cash flow. The value of real estate is the… 2022-03-22 Noriyuki Morimoto Financial moral hazard is inevitable Every business has its own risks, but risks inherent in the core business cannot be insured. Insurance can only be established for risks that are inci… 2022-03-07 Noriyuki Morimoto
