• 12 Mar 2014 at 1:21 PM

Japanese Housewives Need Investment Analysis, Too

Why work hard and get yelled at by asshole hedge fund traders when there is a much larger, much more polite audience for your analysis, willing to pay ten bucks per report?

Harada gave up more than $250,000 in salary, an office overlooking Tokyo Station and a bank directorship to write equity research reports for Japan’s housewives from a room the size of a cubicle.

Bored with churning out fodder for hedge funds, the technology analyst left Citigroup Inc. in February 2013 to start a website for investors still interested in buying and holding stocks and who are in need of advice: households….

Emboldened amid the Nikkei 225’s 57 percent surge last year, Harada and Ryosuke Izumida, a former fund manager at Fidelity Investments in Tokyo, hired 10 analysts from some of Wall Street’s largest firms to start Longine.jp, selling stock reports for the price of a box lunch, about $10. The site has drawn about 4,000 members since opening in June, Harada said.

Japan Housewives Pitched Stocks by Former Bank Analysts [Bloomberg]

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Comments (7)

  1. Posted by Guest | March 12, 2014 at 1:25 PM

    Bloomberg link not working. Good work, Shazar.

  2. Posted by Guests | March 12, 2014 at 1:45 PM

    Gasparino just told a twitter follower to meet him at del friscos. "Look for the guy w the baseball bat"

  3. Posted by Food Fighters | March 12, 2014 at 1:47 PM

    There goes my h e r o….sandwich…….

  4. Posted by Guest | March 12, 2014 at 2:10 PM

    Yep. That's about the right value for those reports.

  5. Posted by KingCo | March 12, 2014 at 2:39 PM

    You call that a DCF, Harada-san? F-ck you!

    – Mrs. Watanabe

  6. Posted by Shaz's beard | March 12, 2014 at 2:40 PM

    "Don't pitch the bitch"

  7. Posted by ProgDVB 7.02.6 | March 16, 2014 at 6:29 PM

    nice post thanks