Having explained the characteristics of the Japanese market in Part 2, I would be sharing how one, or rather how I navigated myself through the Japanese market.
Looking at the Japanese market, the biggest problem I faced was, there are so many Japanese net-nets. Hence, how was I supposed to know which one should I invest in? Do I purchase the one with the lowest Price-to-Earnings ratio, biggest discount to NCAV, lowest Price-to-Book ratio etc. With such overwhelming number of cheap companies, I experienced analysis paralysis.
...Templeton, a committed contrarian, believed the only way to get a bargain in the stock market was to buy when everyone else was selling: At the outbreak of World War II, when everyone else was panicking, he bought shares in every NYSE-listed company that was trading for less than $1–and made money on nearly all of them. He was early to see the benefits of ...
