As of end of Q3, 2013

[Does not include reinvested dividends]

Biggest failure in Q2: Not shorting at the top

Biggest failure in Q3: Underexposure in general

Japanese portfolio performance to Q3 2013

Biggest loser: Gold

In short:


My philosophy:

I don’t buy the cheapest shares. I don’t buy the best shares, but I buy shares that are surprisingly cheap for how good they are.


My macro view (written in mid 2012):

Japan will reflate. Timing is the issue. The key points in the timing are retirement of old people and insertion of a fire cracker in the rear of the BOJ.



{ 3 comments… read them below or add one }

Matthew December 14, 2012 at 11:46 am

Do you have any recommended resources for researching Japanese stocks or sources for investment ideas, including investment newsletters? Are there any decent stock screeners out there?


admin December 17, 2012 at 6:38 pm


Thank you for coming to the site.

There are no good resources as far as I can tell, either in Japanese or English. This is both a cause and effect of disinterest, which is another factor that makes me interested in the stocks. It is quite incredible – I only hit negative things about Japanese stocks, whereas I have been doing better in Japanese stocks than in US or UK stocks. I do not read Japanese sell-side research, but I assume that it is no better than sell-side research in the West.

I was considering setting up a newsletter myself. However, I suspect that there is not much interest in it. Given the likely small number of interested people, the price would have to be relatively high. Instead, I will focus on providing translations of Japanese financial information for the time being.

I get all my data from Edinet. If you can read Japanese, it is a treasure trove.



megacapstocks April 14, 2013 at 2:48 pm

What is your opinion on going long the Nikkei seeming as abe is devaluing the Yen ?


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