Signature Move1 book · 2 highlights

Own Money Only to Follow Beliefs Fully

Books Teaching This Pattern

Evidence

Lifelong Investor (translated) by Yoshiaki  Murakami — book cover

Lifelong Investor (translated)

Yoshiaki Murakami · 2 highlights

  1. “What we are doing in the fund is investing, but it was necessary to fully commit to being a manager of a company that manages other people's money. The original goal of pursuing the ideal state of the capital market and the requirement from investors for the maximum return sometimes conflicted, creating a significant dilemma. As a manager of the fund, I could not ignore returns just because I wanted to stick to my beliefs. I suffered greatly from my personality, which does not want to compromise on my beliefs, and from being in the position of being the manager of this fund. Now I am investing using only my own assets, not managing other people's assets, in order to be able to follow my beliefs to the fullest.”

  2. “My investment strategy is thorough value investing, focusing on companies whose market capitalization is lower compared to the assets they hold. Often, such companies might be experiencing management issues. When I try to address these problems from a shareholder's perspective, I'm criticized as a "vulture fund." This is quite regrettable, and I have spent years trying to gain understanding. However, being naturally impatient, when my points aren't understood or when I receive evasive answers to my questions, I have a tendency to speak only to the point or become harsh in tone. At the core, I just want to be understood, but due to my poor communication method, the public perception of me remains negative as I'm often told "it's not what you say, but how you say it."”

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