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 Because creation is incidental The steps that lead to creation are established as creation when they are embraced by society. As those early steps, Stendhal wrote only “to the happy… 2023-04-03 Noriyuki Morimoto Salary is not compensation for labor What do people who work for a company consider their salary and bonus to be compensation for? Some may think it is the price for the pain of labor. Bu… 2023-03-20 Noriyuki Morimoto Procyclicality and emphasis on employment From the outset, the market principle embraces cyclicality. When prices fall, demand increases and prices stop falling. Such automatic adjustment of d… 2023-03-06 Noriyuki Morimoto The Comeback of “Client Benefit First” When asking a customer of something, you should first tell the customer how they can benefit from complying with the request, as you cannot simply dem… 2023-02-20 Noriyuki Morimoto Creation is madness Creation cannot arise from the workings of the logical intellect. Intellectual activity only reveals what already exists within the whole in an analyt… 2023-02-06 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 Businesses have a religious conviction of winning the competition The driving force of economic growth is competition among businesses. The essence of competition is the elimination of those who have lost, and the es… 2023-01-10 Noriyuki Morimoto Finance in Asset-Light Management A company should hold only those assets that are necessary for the conduct of its business. Stocks of subsidiaries that have little relevance to the c… 2022-12-26 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 «1…34567…24»
