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Showing posts from April, 2014

Yen Strengthens 1.25% Overnight - Rough Day for Nikkei 225 Coming?

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Now this is a real head-scratcher. The Japanese yen skyrocketed in price over night 1.25%.


The last time something like this happened, the Nikkei 225 had a 500 point drop later that day. But looking at the Nikkei Futures, it shows a 7-point increase.



I would have expected a futures price dropping 200 ~ 300 points for the day....
But, as my wife would say, "If you're so smart, why ain't you rich?"
Can't believe that the Nikkei 225 won't drop at least 200 today. We'll see.

If you want to understand what a Japanese wants to say, listen to their hearts and not their words.

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There's a very old Japanese saying that goes like this; "If you want to understand what a Japanese wants to say, listen to their hearts and not their words."



When I first came to live in Japan, I was told this by many of my close Japanese friends. I couldn't understand it at all. I mean, as a westerner, and a male, it made no sense to me... It didn't make any sense to me for the first 15 or 20 years of my living in Japan. 

My reasoning went like this: How was I to understand what someone is thinking when their words tell me one thing, but they really mean the exact opposite? I am not Houdini or some sort of clairvoyant mind reader! 

I think I got upset about this happening so much in Japan. I think all foreigners who live here do also.

In fact, I remember many years ago, a very close friend of mine in Japan having much troubles because he always took what Japanese people said at face-value and considered them "liars" because they would often say one thing, …

Bad and Incompetent Management? It's Everywhere!

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You've got to wonder how people, who are so clueless to even their own industry, get into management positions. 


Bored
But, come to think of it, actually, you and I don't have to wonder; someone wondered about it long ago and wrote a book on it in the 1970s. It was all explained in the seminal book, The Peter Principle. That book explained the phenomenon of how, in a hierarchy, everyone rises to their top level of incompetence. Then because they are incompetent, they remain in that position, unable to advance or, because of politics, be demoted.

Wikipedia says:

The Peter Principle is a belief that, in an organization where promotion is based on achievement, success, and merit, that organization's members will eventually be promoted beyond their level of ability. The principle is commonly phrased, "Employees tend to rise to their level of incompetence." In more formal parlance, the effect could be stated as: employees tend to be given more authority until they cannot …