We need a reality check. Japan has still got a challenging demographic profile, managements that are less than dynamic and a government that is still very bureaucratic.
More Quotes from Mark Headley:
HOT SECTORS. As a stock-picker, he likes Japanese banks, brokerages, and insurance companies. Financials are a good way for investors to participate in a restructured and reflated Japan, ... There's a lot of potential for growth here. Japanese consumers are one of the most underserved communities of wealthy people on the planet.Mark Headley
It's a real statement that despite Enron, (the terrorist attacks of) 9-11 and the recession in the U.S., Japan is having a worse time. But beyond the symbolism, it doesn't mean much.
Mark Headley
There have been some bellwether events that have been pleasing to us as investors, and really China listing all of these state-owned banks and insurance companies has been inspiring. They've all managed to get out on the market, support relatively high PE ratios, and they've had a great run in the last few months.
Mark Headley
You have to give them credit for not driving Humvees.
Mark Headley
As a professional portfolio manager, we are staying far away from these companies. Just because something has China in its name doesn't mean the World Trade Organization deal is going to help them.
Mark Headley
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