What is a bank? The basis of the risk appetite framework consists of the full execution of intentional risk-taking that defines the fundamental nature of the business… 2022-10-31 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 Do not profit from the loss of others In the world of investment, there is talk about beating or losing to a market index. But the sum of winning and losing is theoretically zero as the di… 2022-10-03 Noriyuki Morimoto Customers are wary of bankers who ask questions If a banker wishes to sell mutual funds that truly meet the needs of customers, they would need to know facts such as the customers’ financial status … 2022-09-20 Noriyuki Morimoto Human Resources Becoming Bad Debts When a company decides how to treat its human resources, compensation can only be determined in advance, and performance can only be known afterwards.… 2022-09-05 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 Essential risk-taking can put banks out of the banking business An enterprise is an entity that identifies its purpose and methods to take conscious and intentional risks in its business. The execution of this intr… 2022-08-08 Noriyuki Morimoto The Joy and Creation of Mere Mortals In the beginning, God created the perfect world at once, and that was the end of creation. The world is complete under the wisdom of God, and therefor… 2022-07-25 Noriyuki Morimoto The Appeal of Low-Liquidity Assets In investment, liquidity is the ability to sell an asset immediately at a reasonable price. Liquidity is an advantage because salability is an importa… 2022-07-11 Noriyuki Morimoto Why the poison of speculation is needed in society There was a time when commodity futures in Japan were associated with azuki (red) beans, which were known as the red demon. The price of azuki bean fu… 2022-06-27 Noriyuki Morimoto «1…7891011…27»