Jun
2
“Functioning societies are either built on guilt (Judeo-Christian societies) or on shame (Asia). Societies based on shame have a lot of advantages (low crime rates, strong social cohesion…) but one massive disadvantage: they lack a mechanism to deal with failure (except suicide).”
This is from a (rather esoteric) analyst report I read today. If you’re interested, they recommend investing in Japanese equities.
