Why is Warren Buffett buying Japanese stocks? Because there is value there, says financial historian Edward Chancellor, author of a definitive history of past speculative excesses, from the South Sea Bubble onwards, and a brilliant new book about the folly of low interest rates. An earlier version of this article first appeared on the online financial website, Reuters Breakingviews.
The upside in Tokyo Conventional wisdom holds that stocks deliver around 6.5% a year after inflation. That’s the historic return from U.S. equities publicised by Wharton professor Jeremy Siegel in his best-selli...
This is a premium article for our subscribers.
Please log in below to read it, or find out how to join the Money Makers Circle.
AVI Japan Opportunity (ticker: AJOT) was launched in 2018 to unlock the hidden value lurking within many Japanese smaller companies, where cash and investments often account for a large proportion of their market cap. Reforms aimed at improving corporate governance in Japan were first introduced back in 2013 but they have been ramped up steadily in recent years although there is still some hostility from companies towards outside investors that agitate for change. AJOT seeks to build a consensus opinion on the changes it thinks are needed at each company it invests in, with most discussions ta...
This is a premium article for our subscribers.
Please log in below to read it, or find out how to join the Money Makers Circle.
For premium subscribers we periodically do podcast interviews with fund managers and analysts about current market conditions and funds and markets (occasionally shares) that we invest in. This one is with Hugh Sloane, the founder of the successful London-based hedge fund business Sloane Robinson, a longstanding friend and professional contact of mine. You can read an earlier interview with him from five years ago here - we sat down this week to talk about Japan and the world more generally.
What's your take on what's going on in the global markets at the moment? The most interesting thing ...
This is a premium article for our subscribers.
Please log in below to read it, or find out how to join the Money Makers Circle.
© 2026 Money Makers