Matching contribution and compensation A company’s treatment of people must consider compensation according to their contribution. The meaning of this is that the accumulated contribution a… 2021-03-22 Noriyuki Morimoto Foolish experts and wise amateurs Any business has an essential set of expertise, but the pursuit of expertise can eventually lead to the hubris and selfishness of experts. Some che… 2021-03-08 Noriyuki Morimoto If you protect the fruit trees, they will naturally produce fruit In dairy, keeping cows is for the aim of milking them. Cows amount to fruit trees and milk to fruit. Dairy farmers take good care of cows in the same … 2021-02-22 Noriyuki Morimoto Business risk and moral hazard The relationship between insurance and moral hazard is a classic issue. For example, insurance that pays for failing an exam induces moral hazard by i… 2021-02-08 Noriyuki Morimoto Negligence in the name of long-term management Under the name of long-term investment, corporate pension funds often have the policy of maintaining a certain allocation of assets regardless of chan… 2021-01-25 Noriyuki Morimoto Cash is king When a financial crisis hits, real estate companies suffer slower sales, and their cash flow quickly deteriorates due to the difficulty of raising fun… 2021-01-12 Noriyuki Morimoto If you catch a cold, do you eat less and work more? The key to treating a cold is to treat it early. Take a rest and eat nutritious food so it doesn't get worse. By contrast, if you catch a cold and dec… 2020-12-21 Noriyuki Morimoto Students are the products of universities If the function of a university is to supply human resources to society, the university's customers are not students, but the society that needs human… 2020-12-07 Noriyuki Morimoto Cows over pigs One maxim that expresses the basics of investment is “cows over pigs.” Cows here are not cattle for meat, but dairy cows for milking. Pigs, on the oth… 2020-11-24 Noriyuki Morimoto Theoretical price of dairy cows and the essence of investment The theoretical price of a dairy cow is the present value of net cash flow it generates. This can be calculated by estimating the total sales price of… 2020-11-09 Noriyuki Morimoto «1…1112131415…27»
