Yet another power player impacted by the burst of the Japanese tech bubble, between 1999 and 2000 Shigeta was worth a staggering $42 billion. according to Forbes. However, as with Son, when the tech industry tanked, so too did a substantial portion of Shigeta's wealth. The founder and chairman of Hikari Tsushin, who had earned the distinction of being Japan's youngest billionaire when he was 34, lost about $40 billion in just a few months, according to Forbes. Shigeta seems to have recovered. His current net worth is about $4.9 billion, according to Bloomberg. One of the stocks that led to Shigeta's loses was Vodafone Japan. Shigeta purchased these shares because the Minister of Information Made strong positive statements about the future of Mobile Communication in Japan and how Vodafone was going to play a Major role. Choose the most appropriate answer below. Question 2 options: Shigeta probably suffered from the unfair influence of framing. Shigeta would have done some back ground analysis and explored some forecasting techniques that showed he could Make Money from the Vodafone stocks. Options (a) and (b) are correct because heuristics and forecasting errors are clearly at play here. Shigeta was probably overconfident in his gut feelings and he simply followed his sixth sense in a way to invest heavily in Vodafone Japan.
Yet another power player impacted by the burst of the Japanese tech bubble, between 1999 and 2000 Shigeta was worth a staggering $42 billion. according to Forbes. However, as with Son, when the tech industry tanked, so too did a substantial portion of Shigeta's wealth. The founder and chairman of Hikari Tsushin, who had earned the distinction of being Japan's youngest billionaire when he was 34, lost about $40 billion in just a few months, according to Forbes. Shigeta seems to have recovered. His current net worth is about $4.9 billion, according to Bloomberg. One of the stocks that led to Shigeta's loses was Vodafone Japan. Shigeta purchased these shares because the Minister of Information Made strong positive statements about the future of Mobile Communication in Japan and how Vodafone was going to play a Major role. Choose the most appropriate answer below. Question 2 options: Shigeta probably suffered from the unfair influence of framing. Shigeta would have done some back ground analysis and explored some forecasting techniques that showed he could Make Money from the Vodafone stocks. Options (a) and (b) are correct because heuristics and forecasting errors are clearly at play here. Shigeta was probably overconfident in his gut feelings and he simply followed his sixth sense in a way to invest heavily in Vodafone Japan.
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
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Transcribed Image Text:Yet another power player impacted by the burst
of the Japanese tech bubble, between 1999 and
2000 Shigeta was worth a staggering $42 billion.
according to Forbes. However, as with Son,
when the tech industry tanked, so too did a
substantial portion of Shigeta's wealth. The
founder and chairman of Hikari Tsushin, who
had earned the distinction of being Japan's
youngest billionaire when he was 34, lost about
$40 billion in just a few months, according to
Forbes. Shigeta seems to have recovered. His
current net worth is about $4.9 billion, according
to Bloomberg. One of the stocks that led to
Shigeta's loses was Vodafone Japan. Shigeta
purchased these shares because the Minister of
Information Made strong positive statements
about the future of Mobile Communication in
Japan and how Vodafone was going to play a
Major role. Choose the most appropriate answer
below. Question 2 options: Shigeta probably
suffered from the unfair influence of framing.
Shigeta would have done some back ground
analysis and explored some forecasting
techniques that showed he could Make Money
from the Vodafone stocks. Options (a) and (b)
are correct because heuristics and forecasting
errors are clearly at play here. Shigeta was
probably overconfident in his gut feelings and he
simply followed his sixth sense in a way to
invest heavily in Vodafone Japan.
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