Performance
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
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 }
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?
Matthew,
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.
JP
What is your opinion on going long the Nikkei seeming as abe is devaluing the Yen ?