Those Lazy Germans
Slope of Hope Blog Posts
Slope initially began as a blog, so this is where most of the website’s content resides. Here we have tens of thousands of posts dating back over a decade. These are listed in reverse chronological order. Click on any category icon below to see posts tagged with that particular subject, or click on a word in the category cloud on the right side of the screen for more specific choices.
Shrinking Red
Just Like Old Times
So much for the peace dividend. So much for a half century of a presumed-dead cold war that put humanity at risk of extinction being rendered moot. Gotta get the arms dealers rich, right? So we’re right back to where we are, at the cusp of annihilation with the same old enemy. Jesus.
Buying Japan (by LZ)
For decades, Japan was a value trap. That changed in March when the Tokyo Stock Exchange launched a plan to unlock value in Japanese stocks. Companies trade at discounts to their net cash in many cases and have for years, but that’s changing. PDF: Action to Implement Management that is Conscious of Cost of Capitaland Stock Price
Now that the TSE wants companies to focus on cost of capital and capital efficiency, the long nightmare of value investors in Japan may finally be over, and the charts look good too.
First is the Nikkei. I see a massive 40-year base. In context with where I see the U.S. market, I expect a pullback that forms the handle rather than a runaway breakthrough.
(more…)Made in China
