Tough choices
Jan 23, 2024
Imagine you had a mandate to invest the modest sum of 5.8 trillion USD into a maximum of 2 positions. 2 options: You can either take over Apple and Microsoft or take over the whole of Japan Inc and keep 1.5 trillion USD in cash to pursue other activities. Indeed, Apple and Microsoft combined are currently worth 1/3 more than the whole Nikkei 225.