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Friday, October 18, 2019

Friday Feature Book Review: The 100 Rules of Money : by Richard Templar - できる人のお金の増やし方: (100のお金ルール) リチャード・テンプラー

This great international best seller is focused on "how to have a millionaire mindset". Imagine if George Soros or Richard Branson gave you financial advice as a personal mentor. Would they know patterns or behaviours that could help teach you to grow wealthy? My guess is yes, most likely. Happily, this is just one of over 8 books in the "Rule series" of international best selling books by the author.

The author Richard Templar, does a really splendid job of explaining his 100 rules for making more money, and building personal wealth. It will help any person to be in the right mental mindset. It will help you see clear income opportunities. Help you to understand them, and finally benefit from them financially. It is indeed a process. It may be unsaid, but it is clearly there.  

The entire list of lessons vary in importance, but many are outstanding, and really stand out. These 100 rules act as a wealth coach for anybody wanting to become more financially independent. Personal favorites include the ones that focus on how to control your emotions on personal spending habits as income grows. Wealth is not often helpful if not properly prepared for. If you fail to plan for higher wealth, your wealth once in place, may cause you to fail. 

Wealth should be a friend not an enemy (rule 8). He explains how unexpected large money decisions can be stressful without answers or action at the ready. Understanding the true relationship between money and happiness (rule 14) is not an easy one. Neither is the related wisdom on how money, if only seen as a solution, can often become the problem (rule 11).

The most difficult lessons involve discipline. It is harder to manage yourself than to manage your money (rule 18). Knowing where you are and having a clear plan (rule 19 & 20). Deciding your risk appetite (rule 24) are not easy decisions. In fact, your risk appetite can change over time along with your life cycle circumstances. You have to work hard early in order to make enough wealth to not work hard later (rule 29). 

The most basic rule is spend less than you earn (rule 36). The many get rich quick schemes are also to be avoided (rule 60) while borrowing money from friends (rule 86) gives a lot of insight into how to deal with such situations. With children, allowing kids to know about poverty as a motivator (rule 95), does have a very productive benefit. It is not really best to shelter children from it. Having direct participation with volunteering experiences, and meeting the homeless or poor who are directly helped by these volunteering efforts is important. It can help change them for the better, the kids who help when they are young, are able to best understand the full impact of their actions in any community service.

The Top 3 Takeaways from this book that impact any reader are:

1) Surprisingly, these very time tested lessons are not difficult to understand, they are just difficult to follow long term for most who read them.

2) Motivation seems to be a very strong driver for many actions needed long term to achieve wealth goals. The higher the motivation, the longer the time possible needed to achieve any goals.

3) Boot strapping startups with your own funds is fine, but when you also borrow funds from friends & family it can be negative. Too often, those same friends and family need to be paid back earlier than possible. There is often permanent friction with those relationships long term.

No matter what your income level, business owner or new employee, these 100 rules of money are all worth reviewing. It all helps in trying to build any future career and wealth plan. All of these rules are reasonable and need to be answered by each person individually. This is important in order to build a solid foundation for any person's financial wealth plan, no matter what the starting size. Highly Recommended!

Please visit us for our Friday Feature Review where TMJ Partners will review books, movies, conferences and anything else with a financial theme. Follow us now for our free weekly updates, just click hereThank you for reading and learning more about how money is made in finance! 

If you are interested in Sales & Trading, Banking or FinTech focused roles in Asia or Japan then click here. Follow TMJ Partners on Linkedin Instagram or TwitterWe are the world's #1 recruiter on Twitter, with over 50,000+ followers globally! click here! 

あなたアジア日本セールストレーディング,
バンキング、フィンテックの役割に興味がある場合は、こちらをクリックしてくださいティエムジェィパートナーズLinkedin Instagram またはTwitterでフォローしてください 世界中のTwitter第1位リクルーター50,000以上のフォロワー既に持っています!クリックしてください

For more Buy-Side and Sell-Side roles in Asia-Pacific, contact our TMJ Partners Japan & Asia Finance team.

Tokyo                                          Tokyo




      Mark  Pink                               Shinichi Nagasawa
Direct + 81 3 3505 3891              Direct + 81 3 3505 3891

Friday, October 11, 2019

Friday Feature Book Review: Laughing at Wall Street (with 2800% stock returns!) by Chris Camillo ウォール街で笑います (2800%の株式リターン!) クリスカミッロ

The world of finance can be scary for some, and this book tries to erase that impression. The author Chris Camillo shows in his online trading statement between September 2007 and April 2010, He proves that professionals are not always needed. He turned his US$83,752 trading account into US$2,388,311 in under 3 years. That is a 28 fold increase on his capital! Every investor's dreamed about bottom line. Clearly, Bitcoin like dream results can exist with simple stocks too.

Results matter, and readers find out what basic observation methods he uses to make such amazing trading returns. This is not a highly skilled day trader with a cutting edge algo program. This is just an amature investor who pays attention to the consumer trends around him, and connects the dots to make big money returns. 

It all seems so simple, but the genius is in learning to recognize the patterns. We learn that he tried the usual route of following analysts on CNBC, Bloomberg or other media. He followed buy and sell reports of various analysts, but then changed. He learned to follow his own advice on insights to see the big trade early, before the analysts had it on any radar.

To be clear, the author is not usual, he is sharp and his personality is always on a hunt for market value. We learn that he enjoyed recycle markets, yards sales, tag sales, garage sales or whatever term you may use. He would get up early, and often notice that women were often in charge of pricing various items. Dolls, clothes and home items were often well priced, but male themed items often had a wider price range, an opportunity for a better price! 

So how does a man going off to yard sales make real money in markets? One single style, observation of the world around you. He often liked to drink ice tea, and Snapple was his favorite brand. At the time the brand was everywhere, and easy to find. One day he noticed that the shelf space at his local convenience store was no longer as wide in selection for his favorite beverage. In fact, it was only 20% of what it was before the change in shelf space. 

Could this be a sign of a peak in the Snapple brand's popularity? The stock price was still high, so he checked at various stores, all the same.  Less shelf space meant less sales, so earnings would disappoint, so he put on a short. That is the process on how he discovered his trades and made a killing. Always use information that you discover before the market. That simple action as a clear early mover is often an advantage. When you go to any store regularly, ask yourself "what has changed in selection?" Does this mean there could be an opportunity in a single stock?

The Top 3 Takeaways from this book that impact any reader are:

1) Surprisingly, there is a process that any individual can learn that will give an investor a personal edge. It comes down to observation not luck or insider information.

2) Like the Matrix movie series, you can see the world as it hopes, and rely on experts to pay financial fees to forever. Alternatively, you can see for yourself, and avoid paying fees forever after.

3) Social Media, Shopping Malls, local neighborhoods all contain the core basics of human behaviour. When you learn how to see, you can see market opportunities all around you everyday.

We learn about various other trades with a similar theme. Keep your eyes open and notice what people buy and sell, or throw away. Check out what is in your neighbour's garbage. It could give real market insight into what is popular now or is no longer. That informational mindset is what the author does a great job at explaining. Very well explained, and very easy to replicate with any product or service today or tomorrow. This is not a stock picking strategy that will be obsolete in a short time. You learn how to open your eyes and really see trading opportunities all around you. It can be a very profitable way of life. It can work long term, so it is Highly Recommended!

Please visit us for our Friday Feature Review where TMJ Partners will review books, movies, conferences and anything else with a financial theme. Follow us now for our free weekly updates, just click hereThank you for reading and learning more about how money is made in finance! 

If you are interested in Sales & Trading, Banking or FinTech focused roles in Asia or Japan then click here. Follow TMJ Partners on Linkedin Instagram or TwitterWe are the world's #1 recruiter on Twitter, with over 50,000+ followers globally! click here! 

あなたアジア日本セールストレーディング,
バンキング、フィンテックの役割に興味がある場合は、こちらをクリックしてくださいティエムジェィパートナーズLinkedin Instagram またはTwitterでフォローしてください 世界中のTwitter第1位リクルーター50,000以上のフォロワー既に持っています!クリックしてください

For more Buy-Side and Sell-Side roles in Asia-Pacific, contact our TMJ Partners Japan & Asia Finance team.

Tokyo                                          Tokyo




      Mark  Pink                               Shinichi Nagasawa
Direct + 81 3 3505 3891              Direct + 81 3 3505 3891

Friday, October 4, 2019

Friday Feature Book Review: Jardine Matheson, Traders of the Far East (Hong Kong History): Robert Blake ジャーディンマセソン, 極東のトレーダーたち (香港の歴史):ロバート・ブレイク

A long time ago I heard, "When Jardine Matheson does well, Hong Kong does well". This was a quote from over 100 years ago. What kind of legendary trading firm was this? I had no idea until I went to Hong Kong, for the first time in 1989. I saw its dominant head office building with its famous round windows 30 years ago. Impressive for sure, as I grew up reading James Clavell's Taipan, Noble House, even Shogun. To later learn that Jardine Matheson, was the original inspiration for these great stories attracted me instantly. I kept on reading into it and digging for more. Hong Kong protesters are in the news now, but has often been the center of political tensions.

This book is in fact, a history of the firm over time. It covers the origins(started in 1832 officially), its growth story, and historical background(first visit to Canton, China in 1802). It explains how after almost 200 years, it still thrives in the economies of Hong Kong and beyond. China trade with the UK really began with the importation of tea from China, but it was so popular, silver became scarce in the treasury of the UK. Another trade had to be found to help the imbalance and the first to fill this gap was opium. Due to the British Empire, India had great farms of opium at its disposal. This could be the perfect source to trade with China for the highly valued tea, and not deplete the UK treasury. 

Great trading houses were formed at the time, and Jardine Matheson, became one of the most dominant of all time. Opium was a morally difficult good, but did the job, so had to be considered a means to an end. When looking back at the trading volume into China over those early years, over 95% of trade was due to opium, not much else really mattered in global UK trade. By the 1880s, competition by many smaller rivals and the steamship made the business less profitable. It was then that a wide expansion took place across many new businesses now run actively today.


In the present day, Jardine Matheson runs many diverse businesses with over 50,000 employees around the world in  many countries generating over US$42 Billion in revenue annually. To say that this huge company has grown and been successful, is real classic British understatement. Hongkong Land was started in 1889, and is a key property developer that was an early spin off business for the group. It now runs over 5 million square feet of land (450,000 sqm) in the Central business and shopping district. Sir Paul Chater was the original founder in the business, along with William Keswick, a later Taipan. Chater House, Chater Road and many other buildings in the Central district of Hong Kong were named after him and are still used today. Within property, the Mandarin Hotel opened in Hong Kong as the first 5 star hotel in 1961 is also a key success for the company. Insurance, automotive, dairy and many other additional industries have all sprouted and flourished from this core company over time.

The Top 3 Takeaways from this book that impact any reader are:

1) Surprisingly, both William Jardine and James Matheson did not spend much of their lives in Asia or Hong Kong. They made their mark there, but both soon moved back to the UK, and grew the company from there.

2) The firm was a pioneer for trading and helped establish Hong Kong itself. However Dent & Company and later John Swire & Butterfield were fierce trading rivals at the time. Drama in business dealings of dubious natures was never in short supply.

3) The International Treaty of Nanking, and the two Opium wars left China in defeat. It left the UK with a strong Asian foothold in Hong Kong & Kowloon. All of these events were fully supported by the local head of Jardines, the "Taipan" as he was locally known.

It is curious to note that the Scottish roots to many of the top UK trading firms also influenced Japan. Jardines and Swires certainly are current today, but competitors have risen. Japanese trading houses like Marubeni, Itochu, Mitsui and of course Mitsubishi Trading all had strong Scottish influences during their global transformations. Mitsubishi Trading was driven in large part by the Scottish Samurai, Thomas Blake Glover. He originally joined Jardine Matheson in 1857 and went to Shanghai, China. He then went on to Nagasaki, Japan in 1859. 

After establishing Jardine Matheson in Japan, he went on to help Mitsubishi. His actions created JR Trains, Kirin Beer, and Mitsubishi Heavy Industries. He helped the founder of Mitsubishi group Yataro Iwasaki begin the company along with his brother Yanosuke Iwasaki, and all three were lifelong friends. Glover was in fact, the same person used as inspiration for Madame Butterfly. Glover was also the inspiration for James McFay, the core character of Gai-Jin by James Clavell. This book is highly recommended and very easy to read. It can be a bit dry in parts, so better taken in spurts for a few hours over a weekend or on a commute. Highly Recommended.

Please visit us for our Friday Feature Review where TMJ Partners will review books, movies, conferences and anything else with a financial theme. Follow us now for our free weekly updates, just click hereThank you for reading and learning more about how money is made in finance! 

If you are interested in Sales & Trading, Banking or FinTech focused roles in Asia or Japan then click here. Follow TMJ Partners on Linkedin Instagram or TwitterWe are the world's #1 recruiter on Twitter, with over 50,000+ followers globally! click here! 

あなたアジア日本セールストレーディング,
バンキング、フィンテックの役割に興味がある場合は、こちらをクリックしてくださいティエムジェィパートナーズLinkedin Instagram またはTwitterでフォローしてください 世界中のTwitter第1位リクルーター50,000以上のフォロワー既に持っています!クリックしてください

For more Buy-Side and Sell-Side roles in Asia-Pacific, contact our TMJ Partners Japan & Asia Finance team.

Tokyo                                          Tokyo




      Mark  Pink                               Shinichi Nagasawa
Direct + 81 3 3505 3891              Direct + 81 3 3505 3891

Friday, September 27, 2019

Friday Feature Book Review: The Rich & How They Got That Way by Cynthia Crossen リッチとどのように彼らがそのように手に入れました : シンシア・クロッセン

There have been many super rich people in history for a long time. So rich in fact, that they would be insulted by being called the 1%, only. This is a great book that brings a great overview of how many global class rich people there have been over time. Not just recent billionaires like Bill Gates in the 20th century, but real money. 

This is a great mix of 10 very different stories on 10 very different personalities. They are all a good representation of each of their times. The author starts with Machmud of Ghazni, who lived from 971-1030. Back then wealth was a zero sum game, a warrior takes away and others lose out. He was a military general leading an army who suffered 72 wounds from battle while gathering his wealth. It was a very large empire covering Afghanistan, Pakistan and Iran.

He spent most of his time ravaging the plains of India, and taking its gold with 100,000+ soldiers in a mobile army. Mansa Musa, was an African king who rivals the wealth of the Sultan of Brunei today. To say that he had a lot of gold, is like saying Bill Gates had a lot of good ideas on software. As in a lot more than most humans historically, ever. In today terms, he was a $400 billion-aire. So 4 times the wealth of Jeff Bezos today. In his time it was not about "trickle down theory", more trickle up, into his pocket. Not a lot was shared with the people, but if you were in his family, you had it made.

Mansa Musa was another wealthy man who gathered a lot of gold in his time. His personal name is not well known, but his location was. He brought together African trade, mainly salt, goods and gold together in Mali, in a trading town called Timbuktu. Over time, all kinds of goods could be found there, and trade left a huge deposit of wealth. One of the most important traded goods to create wealth there, were slaves sold to Europe. He just took his cut and made sure that the market ran smoothly. He built the right platform at the right time linking African and European markets.

The book is full of interesting comments on how billionaires in many different markets used whatever they could at the time, to maximize their wealth. One thing is common with all of them, and that is none of them were lazy. They all had to fight and innovate despite changing circumstances around them. Volatile changes in any market seems normal, it is about how your adapt and not give up. Emerging market or fully developed, all markets have clear opportunities. It is all in your attitude and point of view. How to execute, is what much of the detail in this book is all about.

The Top 3 Takeaways from this book that really impact any reader are:

1) This is the story of a very special person with hard wired talent that fits the times they live in. The pattern shows how despite many other people in competition, hard work and perseverance often wins the way to immense wealth.

2) The ability to work with numbers and get comfortable with the scale needed to be successful needs to be learned on the job. Only once you start to proceed do you find out all of the new skills you need to succeed. 

3) This is never about somebody happy to be average. The common pattern shows that there is always a deep driver to push any rich person to a level few others ever reach. There may be lucky events, but the total result of wealth is about hard work, never pure luck.

Other great examples to learn about include Genghis Khan, Pope Alexander 6th, Jacob Fugger, John Law, Richard Arkwright, Howqua, Hetty Green, and Bill Gates. These were not well known to me, so I learned a lot. It is not so much what they did, but the amazing detail about how they executed and under what conditions that makes the book so interesting. It never hurt to learn from the success of others and try and apply it to your own modern situation. Lessons can be found, and advantages can be maximized for profit. Read and learn from these top-tier winners, you just never know what could be used in your own career. Highly recommended.

Please visit us for our Friday Feature Review where TMJ Partners will review books, movies, conferences and anything else with a financial theme. Follow us now for our free weekly updates, just click hereThank you for reading and learning more about how money is made in finance! 

If you are interested in Sales & Trading, Banking or FinTech focused roles in Asia or Japan then click here. Follow TMJ Partners on Linkedin Instagram or TwitterWe are the world's #1 recruiter on Twitter, with over 50,000+ followers globally! click here! 

あなたアジア日本セールストレーディング,
バンキング、フィンテックの役割に興味がある場合は、こちらをクリックしてくださいティエムジェィパートナーズLinkedin Instagram またはTwitterでフォローしてください 世界中のTwitter第1位リクルーター50,000以上のフォロワー既に持っています!クリックしてください

For more Buy-Side and Sell-Side roles in Asia-Pacific, contact our TMJ Partners Japan & Asia Finance team.

Tokyo                                          Tokyo




      Mark  Pink                               Shinichi Nagasawa
Direct + 81 3 3505 3891              Direct + 81 3 3505 3891

Friday, September 20, 2019

Friday Feature Book Review: The Maui Millionaires by David Finkel & Diane Kennedy マウイの億万長者(不動産のヒント): デビッド・フィンケル + ダイアン・ケネディ

This book is perfect for anyone who wants to be financially independent, even if starting from zero. It is aimed at a reader without any MBA education or financial awareness, who can learn to be financially independent. Even those in finance often wonder, what should I do with my annual bonus? How can I build for passive income and a better future? It is not a quick & easy insider tip though, more a clear explanation for what is often really needed. It shows a realistic path to financial basics that many people often lack. The vast majority of the population does not have a basic understanding of cash flow or budgets. These can both allow passive income to be possible.

What struck me as odd, is that this is an ongoing group that grows and helps each other online. This is not one writer's attempt at making money by just selling books.There is a clear mentoring program online that is possible for all readers. It helps those who follow the basics, improve, and want to learn more from another mentor who has already succeeded. The book is like a hard copy for an online club with live seminars. The group meets in Maui and continues to grow widely in its appeal. This was not expected, but had me curious. It is a simple message. If you live below your means and save to invest for your future, you can reach your goal over time. There is no over promised gimmick of "being a millionaire in just 3 months" or less. It will take a long time, but is still possible for many.

Most of the time, many people think they are too busy or not well enough informed to be a good investor. The main focus of this book is to take a full inventory of your life, and start on a new clear proven path. You may be young or old, just out of college or near retirement, or somewhere in between. It does not matter where you start, it only matters that you do start. It is about not fooling yourself financially. It is about clear steps to understand what basic financial planning is. It explains how passive income from a sustainable lifestyle can set you on a solid financial footing for a lifetime.

The book starts by making the reader look in the mirror, and fully understand where they stand financially. It clarifies where they have to start from. It moves on to helping a reader see what resources are around them and what personally motivating goals are possible that will keep them driving for them long term. Next is the most interesting part, how to remove limits set in your own mind, and allow yourself to aim higher. Mentally, you may be your own worst enemy. Once a goal is clear, some hurdles can be handled alone, and others would be help or advice. Knowing that you have access to a network you can use to overcome those hurdles is a big step forward financially for many.

The Top 6 Takeaways from this book that impact any reader are:

1) This first step is figuring out your Wealth Operating System. What kind of investments would fit you and your part-time or full-time job. Budgeting how to start on a road that has a destination, a clear financial goal.

2) The second step is how to focus your efforts into what you know, and more importantly, what you do not. Breaking down mental limits and aiming higher is a great personal exercise to better understand mental baggage that you may have.

3) The third step is about how to overcome any mental limits about how, something is "too difficult" or "needs too much time" or any other excuse you can come up with. There is no money race in life, just a marathon journey that can get more comfortable with more income.

4) The fourth step touches on how exactly to focus on milestones along your new path to financial success. You learn what many others use to figure this out and choose your own that seem the best match. There is no one size fits all in finance.

5) Overcoming adversity is a skill that needs to be learned not avoided. Working with mentors will not always be smooth. Help often needs to be earned from others and is not given away freely. How to work with successful mentors is explained very well.

6) What is wealth to you and how would you define it? Besides cash in a bank account what lifestyle or life balance would you describe as being a wealth goal? This sounds easier than it first reads. Figuring this out can be very rewarding personally.

The book came out in 2007 near the peak of the real estate housing bubble, and has remained valid due to the core concepts of passive income. Flip this house was a fad that can come and go in any hot market. Figuring out population trends and solutions to solve issues is never a fad, but a core business skill. This last point is the most valid for any reader. The core concepts can help you adapt to different markets over time. The principles hold steady even if the fad style trends come and go. This is a great mental tool box of great ideas that can really help anyone. Highly recommended.

Please visit us for our Friday Feature Review where TMJ Partners will review books, movies, conferences and anything else with a financial theme. Follow us now for our free weekly updates, just click hereThank you for reading and learning more about how money is made in finance! 

If you are interested in Sales & Trading, Banking or FinTech focused roles in Asia or Japan then click here. Follow TMJ Partners on Linkedin Instagram or TwitterWe are the world's #1 recruiter on Twitter, with over 50,000+ followers globally! click here! 

あなたアジア日本セールストレーディング,
バンキング、フィンテックの役割に興味がある場合は、こちらをクリックしてくださいティエムジェィパートナーズLinkedin Instagram またはTwitterでフォローしてください 世界中のTwitter第1位リクルーター50,000以上のフォロワー既に持っています!クリックしてください

For more Buy-Side and Sell-Side roles in Asia-Pacific, contact our TMJ Partners Japan & Asia Finance team.

Tokyo                                          Tokyo




      Mark  Pink                               Shinichi Nagasawa
Direct + 81 3 3505 3891              Direct + 81 3 3505 3891