There's an advertisement in Nakameguro Station for a local electronics company saying, basically, "Thanks for being home for last 100 years"
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Replying to @patio11
Along with "Looking forward to our next hundred years here in Nakameguro."
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Replying to @patio11
Have I ever mentioned I have a complicated relationship with Japanese corporate culture? Because salarymanhood is crazy but that sign is not
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Replying to @patio11
Can you just imagine the titanic gulf in expectations between that company and a Harvard MBA discussing siting decisions?
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Replying to @patio11
"Wait but the option value of your HQ's location over a hundred years is like stupid high." "Well we might buy building next door."
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Replying to @patio11
"But what if rents in Shibuya were 20% lower?" "Great for companies in Shibuya. Also, we don't rent." "Economically equivalent though." "No"
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Replying to @patio11
"Well what if Nakameguro burned down?" "Then we'd help rebuild it. Again, you idiots."
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Replying to @patio11
(I was asked privately whether this was a charming little family affair. Last fiscal year they did $3.5 billion in revenue.)
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Replying to @patio11
For clarity, is suggested takeaway that "some things matter more than pure market forces" or "market considerations are different here"?
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I don't know whether it is either of those two things, to be honest, but closer to the first than the second.
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Different timescale mindset
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