Nothing Ventured, Nothing Lost

[Mulboyne]

Reuters: Citigroup to close CVCI Japan office
Citigroup will close its Japan office for Citi Venture Capital International as the high-growth focused fund management firm has failed to find any attractive investments, two people with direct knowledge of the closure said. Citi Venture Capital International, which manages $7 billion in equity investments and committed capital, opened its Japan office in September 2006. A Tokyo-based Citigroup spokeswoman declined to comment. CVCI has been active in other parts of Asia and investments include India's BGR energy Systems , a power projects firm, and Belgium-based Hansen Transmissions International NV which also has operations in India, according to its website. This month CVCI invested in Israel's Ness Technologies Inc , an information technology service provider, for about $307 million in cash

[Screwed-down Hairdo]

This reminded me of a bloke I worked with at about this time last year; one of the cleverest, most brilliant people I've ever met, sharp and wealthy courtesy of a series of strategic investments he's made over the past few years...he strongly recommended I invest in a company that consisently paid high dividends, made steady profits and would almost guarantee my principal remained safe. He also added the company's long-term prospects were very bright and I could expect good returns on any investment I made.
It was all academic because I've never had any money to invest anyway. But I thanked him for the advice and subsequently passed on his advice to anyone who asked me about investments in Japan from then on.
So, what was the name of the company he advised me to invest in?
Tokyo Electric Power Co.
No wonder everybody fucking hates me....

[Iraira]

[quote="Screwed-down Hairdo"]This reminded me of a bloke I worked with at about this time last year]

Provided you sold it all the morning of March 11, 2011, you'd been good to go.

[Russell]

[quote="Screwed-down Hairdo"]This reminded me of a bloke I worked with at about this time last year]

Did this guy follow his own advice?

[Coligny]

[quote="Screwed-down Hairdo"]This reminded me of a bloke I worked with at about this time last year]

With all the known problems back then, aging plants, falsified safety records, warning from consultant aboot inadequacy of disaster management preparadness. I'm not sur we can call this guy really smart. Think inside the box, and only halfway thrue. And no, it's not a question of 'after the fact it's easy' it's a case were invest in a company with shoddy work ethics, on top because of a monopoly on a captive user base don't sound real bright...

[Screwed-down Hairdo]

Hard to disagree with you Coligny...but that description could fit just about any major Japanese corporation nowadays, I guess.

The scariest thing for me about TEPCO is that we still don't know exactly how horrible they've been....

Russel,
Don't know what happened with my mate, but I'm pretty sure he wouldn't have lost too much and he certainly wouldn't be too worried if he did because the bloke is pretty amazing.

[wagyl]

With all the known problems back then, aging plants, falsified safety records, warning from consultant aboot inadequacy of disaster management preparadness. I'm not sur we can call this guy really smart. Think inside the box, and only halfway thrue. And no, it's not a question of 'after the fact it's easy' it's a case were invest in a company with shoddy work ethics, on top because of a monopoly on a captive user base don't sound real bright...

Indeed, I will admit that flagging interest in this sideshow means that I haven't followed the news as closely as I could, but one thing I haven't seen mentioned is, if reactors 1 to 4 at Fukushima No 1 were going to be decommissioned from next year anyway, was that going to be enough to plunge Kanto into insufficient energy supply and brownouts from next summer anyway? Surely there should have been something in the pipeline to make up for that shortfall.

[Screwed-down Hairdo]

Surely there should have been something in the pipeline to make up for that shortfall.

Gaman

[bornbitter]

Gaman

You must spread some Reputation around before giving it to Screwed-down Hairdo again.

[Coligny]

Indeed, I will admit that flagging interest in this sideshow means that I haven't followed the news as closely as I could, but one thing I haven't seen mentioned is, if reactors 1 to 4 at Fukushima No 1 were going to be decommissioned from next year anyway, was that going to be enough to plunge Kanto into insufficient energy supply and brownouts from next summer anyway? Surely there should have been something in the pipeline to make up for that shortfall.

Hemmm... I seems to remember that 1 reactor at least had a 10 year extension permit delivered 1 month before the quake...

http://maddowblog.msnbc.msn.com/_news/2011/03/22/6320283-aging-reactor-got-extension-anyway

http://www.digitaljournal.com/article/305011