Jump to ContentJump to Main Navigation
Arbitraging JapanDreams of Capitalism at the End of Finance$
Users without a subscription are not able to see the full content.

Hirokazu Miyazaki

Print publication date: 2013

Print ISBN-13: 9780520273474

Published to California Scholarship Online: September 2016

DOI: 10.1525/california/9780520273474.001.0001

Show Summary Details
Page of

PRINTED FROM CALIFORNIA SCHOLARSHIP ONLINE (www.california.universitypressscholarship.com). (c) Copyright University of California Press, 2021. All Rights Reserved. An individual user may print out a PDF of a single chapter of a monograph in CALSO for personal use.date: 27 July 2021

Economy of Dreams

Economy of Dreams

Chapter:
(p.89) Chapter 4 Economy of Dreams
Source:
Arbitraging Japan
Author(s):

Hirokazu Miyazaki

Publisher:
University of California Press
DOI:10.1525/california/9780520273474.003.0005

This chapter focuses derivatives trader Tada, and his fascination with the kind of transparency that he believed money would bring to his relationship with himself. The starting point of the discussion is a spreadsheet Tada created in January 1999, after his trading team was disbanded, to compute his own market value. As a result of this calculation, Tada took a greater risk than he had ever taken in his career and quit Sekai Securities to join an independent investment fund. The chapter traces the trajectory of Tada's changing views on the relationship between money and what he termed “self-realization.” It examines his heroic effort to arbitrage every possible inefficient market in Japan and the relationship of this effort to his own personal dreams, which included making enough money to retire early and bicycle around Japan.

Keywords:   Tada, Japanese derivatives traders, transparency, spreadsheet, self-realization, arbitrage

California Scholarship Online requires a subscription or purchase to access the full text of books within the service. Public users can however freely search the site and view the abstracts and keywords for each book and chapter.

Please, subscribe or login to access full text content.

If you think you should have access to this title, please contact your librarian.

To troubleshoot, please check our FAQs, and if you can't find the answer there, please contact us.