Abenomics "3 arrows"

Abenomics "3 arrows":

[1st] 1. Financial policy (QE), 2. Fiscal policy (expansionary), 3. Economic growth (deregulations, etc.)

[2nd] 1. Strong economy, 2. Support for raising children, 3. Social security (Less unemployed people for nursing-care, more elderly workers)

From macroeconomics perspective, the 1st is mainly for the demand side while the 2nd is for the supply side.

The Intelligent Investor / Benjamin Graham, Jason Zweig, Warren E. Buffett (Collaborator)

This book is one of the most important classic books for value investors.


(From Wikipedia)
Graham is considered the father of value investing, an investment approach he began teaching at Columbia Business School in 1928 and subsequently refined with David Dodd through various editions of their famous book Security Analysis.

Warren Buffett, who credits Graham as grounding him with a sound intellectual investment framework, described him as the second most influential person in his life after his own father.


The Intelligent Investor, Rev. Ed Kindle Edition
by Benjamin Graham, Jason Zweig, Warren E. Buffett (Collaborator)

[amazon.com]
http://www.amazon.com/gp/product/B000FC12C8/ref=as_li_tl?ie=UTF8&camp=1789&creative=9325&creativeASIN=B000FC12C8&linkCode=as2&tag=heofthfi-20&linkId=XWEU6JUXCO37JIRU

[amazon.co.jp]
http://www.amazon.co.jp/gp/product/B000FC12C8?adid=1MWBZF8BS0SY9XSWBPM6&camp=243&creative=1615&creativeASIN=B000FC12C8&linkCode=as1&tag=untitled0fe-22

On The Brink / Hank Paulson

This is one of the best books ever to review the Financial Crisis in 2007-2008. The author, Henry Merritt "Hank" Paulson, Jr. served as the 74th United States Secretary of the Treasury from July 10, 2006 to January 20, 2009 during the George W. Bush administration (2001-2008). Before that, he had served as the Chairman and Chief Executive Officer of Goldman Sachs.

Lessons learned:

1. Global economic imbalance (High consumption in the U.S. backed by high savings of China, Japan, and other countries)

2. Financial regulations do not catch up with the progress of the financial industry

3. Too much leverage, low capital and liquidity.

4. Too-big-to-fail financial institutions

On The Brink: Inside the race to stop the collapse of the global financial system

Hank Paulson

http://www.amazon.com/gp/product/0755360540?creativeASIN=0755360540&linkCode=w00&linkId=K4JVH2AXTV6ZEFHX&ref_=as_sl_pc_qf_sp_asin_til&tag=heofthfi-20

[on Amazon.co.jp]

http://www.amazon.co.jp/gp/product/0755360540?adid=1A1JH9KFVXY2PBNST4P6&camp=243&creative=1615&creativeASIN=0755360540&linkCode=as1&tag=untitled0fe-22