Index investing snatches the fruits of other people’s efforts In the capital markets, the prices of individual stocks cannot stay efficient all the time; they can be undervalued or overvalued. However, when an un… 2023-05-29 Noriyuki Morimoto What makes a stock worth investing in A stock is the first thing that absorbs the uncertainties of a business, so a reasonable measurement of such uncertainties has to be possible for a st… 2020-09-28 Noriyuki Morimoto The paradox of index investment The market index is the average price of securities traded on the market. The average price is the aggregate of the results of price fluctuations of i… 2020-08-03 Noriyuki Morimoto The appeal of buying a bad company with a good business in Japan Companies are acquired because they are worth buying. A good company is fully worth buying, so it can only be acquired at a price above its value, or … 2020-07-20 Noriyuki Morimoto Is TEPCO Holdings worth investing in? Stocks can be objects of speculation, and also be assets to invest in. Then, what is the requirement for a stock to be eligible for investment? The an… 2019-03-25 Noriyuki Morimoto What Cannot Be Bought Cannot Be Priced While multiple factors are likely to be causing the prolonged stagnation in the Japanese stock market, one major factor seems to be the companies’ neg… 2015-07-27 Noriyuki Morimoto
