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Yet another power player impacted by the burst of the Japanese tech bubble, between 1 9 9 9 and 2 0 0 0 Shigeta was
Yet another power player impacted by the burst of the Japanese tech bubble, between and Shigeta was worth a staggering $ billion, according to Forbes. However, as with Son, when the tech industry tanked so too did a substantial portion of Shigeta's wealth. The founder and chairman of Hikari Tsushin, who had earned the distinction of being Japan's youngest billionaire when he was lost about $ billion in just a few months, according to Forbes. Shigeta seems to have recovered. His current net worth is about $ billion, according to Bloomberg. One of the stocks that led to Shigeta's loses was Vodafone Japan. Shigeta purchased these shares because the Minister of Information made strong positive statements about the future of mobile communication in Japan and how Vodafone was going to play a major role. Choose the most appropriate answer below. Question options: Shigeta probably suffered from the unfair influence of framing. Shigeta would have done some back ground analysis and explored some forecasting techniques that showed he could make money from the Vodafone stocks. Options a and b are correct because heuristics and forecasting errors are clearly at play here. Shigeta was probably overconfident in his gut feelings and he simply followed his sixth sense in a way to invest heavily in Vodafone Japan.
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