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Jun 12, 2023Liked by Hiroyuki Itoh

Dear Mr Itoh san,

I really enjoyed your comments on thoughtful investing, and even more so on the examples of that great figure, Mr. Buffett, whom I didn't know.

But what strikes me is that he was born in the 1930s.

He belongs to a generation with a great deal of life experience (not forgetting history and its wars) and a healthier approach to life and investing. Short-term investment with substantial gains is possible, but it remains a perpetual battle in a fast-moving world, which increases the risks without a net.

On my own scale, as an SME and in all relativity, I fully subscribe to this approach, which can sometimes prove difficult in the face of the lure of profit due to lack of cash flow. However, in the end, with passion and wisdom, we can overcome the obstacles that ultimately bring greater value and long-term visibility.

Yours respectfully,

your beekeeper

Lari

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