Attachment and foundation and mental and.
Hello everyone, nice to meet you. My name is Hikiji.
From now on, I appreciate your support. Since this is my first time, I would like to greet you while introducing my stock history and investment style.
I’m conducting finance research at a certain university, teaching various courses such as “Corporate Theory,” “Venture,” and “Corporate Finance.” Since my research often focuses on publicly listed companies, I started stock investing to apply the insights from my research to investing. It has been about 7 to 8 years. As for results… the first five years I took quite a hit. I’m good at analyzing companies, soanalyzing fundamentals and taking a long-term value investing stance, butit didn’t go well at all.
I couldn’t win no matter what,I once chased the famous influencer’s momentum investments. But the results were disastrous. I did have some big wins, but overall I lost a lot. In investing, the term “melting away” is often used, and I experienced that this time in the sense ofmoney melting away.
After about five years, my assets continued to shrink. At first, I believed that if I only considered fundamentals from research, I would win, butthe stock world is not that sweet. You never know when news will come out, and even if it does, you often can’t predict which way it will move. It’s common for things to rise right after you cut losses, or fall the moment you buy. With famous influencer momentum investing, if you miss the timing, you can lose a lot. Whether buying or selling, if timing isn’t right, it’s hard to win.
During those five years of shrinking assets, I started thinking about many things. Of course I continued fundamental analysis, but I also considered other factors. First, I try to think from the perspective of the company’s management. If I hypothesize, “If I were the president, I would do this,” the fundamental numbers start to look more vivid. Next, I consider how other investors think. Other investors vary: how do institutional investors think, how do large players think, and how do individuals think. By considering this, I feel I can approximate the flow of supply and demand, if not entirely. I also began considering the surrounding environment of the company, including society, politics, institutions, and international affairs.
With this, graduallymoney stopped decreasing, and in recent years I’ve been able to grow my assets. And now I think I am finally establishing my own style.
The losses and misses were not due to the “fundamentals” but to the “mentality”. In other words, the essence of stock investing is not the fundamentals of the target company but properly managing your own mentality.
