Investing in companies is outdated Investing in the stock or bonds of a company is not to buy securities in the form of stocks or bonds, but rather investing in the business operated by… 2024-03-04 Noriyuki Morimoto To invest is to bet with beliefs Investment management is a professional business. The selection of stocks for investment is the exclusive responsibility of the individual professiona… 2023-04-17 Noriyuki Morimoto Investment decisions cannot be made by consensus Institutional investors are investors that have a decision-making body at the top of their organization. But decision-making by that body is a formali… 2023-01-23 Noriyuki Morimoto Decisions made by the wise and approved by the ordinary As a principle of modern society, there can be no dictatorship of the wise, but only collective governance by ordinary people. The executive branch co… 2022-12-12 Noriyuki Morimoto Investment management should be likened to the work of a nutritionist In the investment management business, it is the client who selects an investment strategy, and investment managers compete with their investment skil… 2022-10-17 Noriyuki Morimoto A group of ordinary people for wise leadership In politics, if there is truly such a thing as a wise leader, dictatorship of a wise leader should lead people to happiness; the collective rule of or… 2022-08-22 Noriyuki Morimoto The Art of Deciding on What You Can’t Decide Institutional investors are investing entities that have a decision-making body at the top of the organization and underlying asset management teams c… 2022-04-18 Noriyuki Morimoto The decision of a sage or the council of the mediocre In modern society, collective rule by ordinary people is the principle, and there is no room for a wise person’s dictatorship. By separating the execu… 2021-10-04 Noriyuki Morimoto The manager’s job is to bet To choose is to bet. In business management, and more fundamentally in people's lives, one specific action is always being chosen from among multiple … 2021-09-21 Noriyuki Morimoto The philosopher’s risk taking, the fool’s risk management The risk of stock price volatility is an unavoidable and involuntary risk when investing in listed stocks, but it is not a fundamental risk. The funda… 2021-09-06 Noriyuki Morimoto
