KAZUKIN's investment style is, basically, contrarian.
When I see a stock going up, I get scared.
When I see a stock going down, I get curious.
My sensors are probably pointed in the opposite direction from most people's.
“Whoa, that has fallen a lot.”
In a situation where most people would look away, KAZUKIN opens the chart.
And then investigates.
Is the business really finished?
Are the finances OK?
Is it a temporary piece of bad news?
Or is it truly a sinking ship?
When I think, “Hmm, isn't it oversold?”, I want to buy.
That is KAZUKIN's basic style.
Bad at chasing rising stocks
Of course, I know strong stocks can keep rising.
In the stock market, that is often the right approach.
But KAZUKIN is bad at jumping onto stocks that everyone is already calling “the best!”
When I see a huge line outside a popular restaurant, I want to look for a different place.
It is the same thing.
“You'd wait in line that long?”
I think the same about stocks.
On the other hand, when I see a stock nobody looks at anymore,
“Is it really that bad?”
I start wondering.
A thoroughly contrarian constitution.
Basically long-term. I don't sell quickly
And KAZUKIN is basically a long-term investor.
I can't really tell whether a stock will rise in a few days.
In fact, it is perfectly normal for it to fall the day after I buy.
That was true for HIS too.
I bought.
It fell.
I bought again.
It fell again.
The market is perhaps politely teaching me,
“That's what contrarian means, buddy.”
Even so, if I look at the finances and the business and think, “I can hold this at this price,” I basically hold.
Over years.
Sometimes five years or more.
Before I know it, some stocks have become less of an investment and more of a relationship.
Long-term investing and being pickled are a hair apart
But there is a big problem here.
Long-term investing and being pickled look very much alike.
“I'm looking at it for the long term.”
That sounds good.
But in reality,
I may simply have failed to get out in time.
KAZUKIN's portfolio also contains stocks that quietly reign on that borderline.
The prime example is Nissan.
Ghosn escaped.
KAZUKIN could not.
Is that long-term investing?
Or is it being pickled?
It has become philosophy.
Still, I want to buy cheap
In the end, rather than “buying a good company at a high price,” KAZUKIN wants to
buy a reasonably good company cheaply.
Of course, there is always a reason it is cheap.
So I look at earnings.
I look at the finances.
I read the securities reports.
And finally, my own “Ore-shiki” (KAZUKIN-style) calculation begins.
The market is pessimistic.
The price is falling.
But the company itself is not that broken.
When I find a stock like that, it suddenly becomes fun.
KAZUKIN probably likes, more than the moment a stock goes up,
the time spent investigating stocks everyone hates.
KAZUKIN's investing style
Contrarian.
Basically long-term.
If it falls, investigate.
If it seems cheap, buy a little.
If it falls more, investigate again.
And sometimes, buy even more.
As a result,
“Wait, it's still falling?!”
That is what happens.
I have repeated this many times.
Even so, KAZUKIN will probably keep being a contrarian.
Because,
falling stocks interest me more than rising ones.
This may be less an investment strategy than a personality.
Today again, KAZUKIN looks at a chart dyed red and thinks:
“...Isn't that a bit cheap?”
暴落もわるくないよね
KAZUKIN Rating
- 🔄 Contrarian sensor orientation — ★★★★★
- 🏃 Guts to not chase popular stocks — ★★★★☆
- ⏳ Long-term holding patience — ★★★★☆
- 📉 The “buy → fall → buy again” loop — ★★★★★
- 🔪 Nerve to go pick up falling knives — ★★★★☆
This article is KAZUKIN's personal opinion and record. Share prices, earnings and holdings mentioned here are as of the posting date and may have changed since. It is not a recommendation to buy or sell any particular stock, and it does not guarantee future profits. Please make your own investment decisions.