Japathy (noun); a lack of interest in Japanese equities
Why are investors just not that into Japan?
James Sullivan of MitonOptimal
The 'widow maker' trade was to short Japanese bonds. A generation of investors believed the bond market was irrationally expensive, and they may be right one day, but the 'greater fool' theory is a powerful one.
Instead of wasting too much energy on whether prices across the asset class spectrum are irrationally expensive, we have focused more on where we believe prices are irrationally cheap. This is not...
