Olympics are Over Edition
Well, that’s the end of the Tokyo Olympics. Still think they should have held them next year instead (thanks, Shinzo Abe). Wonder how many more there will be in this current format? Paris, LA, Brisbane… and then?
Personally I think we should have a decentralised Olympics, with cities bidding for individual events. It would be cheaper and more sustainable. I guess we’ll see if anyone bids for the 2036 Olympics.
Delta variant
In a development that surprised no one except maybe Mr Suga, the Delta variant is now exploding all over the country. Please get vaccinated if you can, and be careful if you can’t. This one is nasty enough to be effectively a new disease, and what has worked so far is not going to work going forward.
I made the painful decision not to train jiu-jitsu for the time being, as cases in Sendai are increasing, and the rest of my family has not been able to get a vaccine yet.
Hope the government gets better with its messaging and policies soon.
Retirewiki.jp
In happier news, the retirewiki.jp site is really turning into a great resource on money, investing, and life in Japan. Definitely go and check it out, and contribute if you can 🙂
The forum
The forum was pretty lively this week too:
This week’s books
I just downloaded the new Stephen King book, Billy Summers. The reviews are very good. Perfect for a celebratory obon break (we just published three of our junior high school English textbooks so I feel like I deserve a few days off!).
This week’s links
- This video is gripping: the ten meter tower
- This makes sense to me, but just buying the world one month at a time does too: Fool’s gambit
- I wonder: The Future Will Be Weirder Than We Think
- Not worth the paper they are written on: Ideas are just a multiplier of execution
- An hour lecture: Scott Galloway’s Investment Principles
- Some interesting date in here: How Much Do Japanese People Typically Earn, Save, and Borrow?
- Touche: What if someone steals my idea?
- I bought some of these for my wife just before he did: The Japanese Stocks which Buffet Bought
- Well, that is fairly grim reading. Might be good to keep this more pessimistic outcome in mind though: A Doomsday COVID Variant Worse Than Delta and Lambda May Be Coming, Scientists Say
- This doesn’t seem like much but like anything that compounds is likely to accelerate: Japan’s population down by record number to 126.65 mil
- Seems like an argument to diversify more (JP): 5営業日で約170万円の資産が少なくなっている
- Five degrees of warming? Our leaders look climate change in the eyes, and shrug
- And this is a terrifying possibility: Scientists spot warning signs of Gulf Stream collapse
- My in-laws bought one of these plots in the 90s, and now we’re trying to get rid of it: Dead houses
- Netherlands gets silver, eh?: Who’d win gold in the investment Olympics?
- I like Ramit: How to Play Offense with Money, Plan Bucket Lists, Build a Rich Life with Your Partner, and Take a Powerful $100 Challenge
- Nice piece on rebalancing from Monevator (and a bunch of links)
- I bet there’s a market for this here too: How ‘trauma cleaners’ can make over $300,000 a year clearing up after hoarders and crime scenes
- Great Twitter thread about shareholder perks (株主優待)
- It might be interesting to write something like this: My life was different
What do you think? Anything interesting in there? I enjoyed listening to #16. Lots to think about.
#3 — weird wasn’t once so weird: https://www.etymonline.com/word/weird
#18 Reminded me of something I talked about with some friends. A lot of the older generation in Japan keep a large amount of cash in their house. I’m sure the companies hired to clean up houses after somebody dies often finds their cash hoard, and if they’re not on the honest side they pocket it for themselves.
After my grandmother died we spent three days going through her house -found dozens of little cash stashes.
I’m sure the cleaning firm we hired to clear everything out found some too 😉
#8 This is why the only English to be found on Japanese companies’ sites is the Investor Relations section
About #6, I’m surprised by the numbers, especially the lack of jump in savings around the 60s from the taishokukin. Also the author seems to assume none of that money is invested, because 200 million over 25 years should grow a little even considering a safe strategy.
My impression is that a lot of people use taishokukin to pay off all their debt (including the mortgage) and spend a little.
I’ve been reading the Cat’s Forehead blog for a number of years now and really enjoy the excellent writing, but I also think that Philip Brasor is a bit of a doom-monger! While depopulation means that many properties out in the suburbs and in rural towns will or have already lost all their value, in anyone familiar with the real estate market in Tokyo knows that in the capital that is simply not the case.
The rent / buy decision can be less clear cut here than in some western countries, but for many, purchasing a home makes financial sense in the long run.