Profit philosophy

Author: Yasutaro Itami
Publisher:
Publish Date: 2003-09-01
Features:
He: Known as the "Japanese Warren Buffett," an investment master with a personal fortune of 145 billion yen. The only Japanese to appear consecutively for 10 years on Forbes' "Global Billionaires List." A magic capitalist who maintained wealth growth amid Japan's bubble economy and global recession. Major shareholder of JAL (Japan Airlines) and a major individual shareholder of Mitsubishi Heavy Industries. Former secretary to Prime Minister Nakasone and Japan's youngest-ever Senate member.
Also: An illegitimate child rejected by his door, with his father being Japan's richest person in the 1960s. As a youth, he fought, extorted, and sold pornographic photos, being a frequent visitor to the police station. At 20, he squandered his clients' deposits and had to sell himself to pay off debts. At 30, anyone who annoyed Itami would have their stocks acquired. At 40, he refused to resign as a senator without a clean campaign. At 50, he believed stockbrokers and technical charts were unreliable. At 60, he vowed to give away his wealth, dedicating his wisdom and fortune to the world.