Mental Models discussed in this podcast:

• All Else Equal
• Shareholder Primacy
• Culture
• Net-Nets

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Show Outline

The full show notes for this episode are available at https://www.diyinvesting.org/Episode94

How Japan and the United States differ culturally

• Culture Matters
• Shareholder Primacy Matters
• Japanese Net Nets are less reliable than the United States based Net Nets 

Summary:

This podcast episode outlines some key differences between Japanese culture and American culture which influence how investors should value Japan based stocks versus United States based stocks. Shareholder primacy and culture are important.