Yesterday I got an updated pitch on a nice looking investing app in Japan.
The founders (in Tokyo) worked at Twitter and Coinbase.
I don’t know much about the demographics of Japan or the investing environment. I do know that Japanese stocks have gone mostly nowhere for decades and that the Japanese are big savers and conservative.
There are 120 million Japanese and 25 million millennials. Opportunity must exist.
The guys told me that 50 percent of Japanese money is in cash. Cash!
I hopeed over to Twitter to check in on my favorite bears – Hussman and Herb Greenberg and sure enough they were conversing about how lunatic American investors are behaving. Have a look:
