He refuses to retire
In declining health according to Japanese media, there’s a clear desire to learn his secrets before he passes away. A book of his teachings is labeled a bestseller on Amazon Japan. Meanwhile, he remains eager to keep trading, telling The Asahi Shimbun: “I will be retiring when I die.”
Fujimoto has earned enough to retire multiple times. If he spent $3800 a day – enough to land a first-class flight, a five-star hotel and chump change for Kobe steaks – it would last him 10 years.
He keeps score a different way. He rates his life “a 75 out of 100,” adding: ”I will go on pursuing the perfection of spirit, techniques and physical fitness, and my life may improve to 90 or 100 points.”
That stands in stark contrast to the anxiety of Americans approaching retirement. The median 401(k)/IRA balances for older working households (ages 55-64) with a plan was $204,000 in 2022.
Across the Pacific, Fujimoto sounds like a Zen master: “O troubled souls, look at me. It’s never too late to begin something. A journey of a thousand miles starts with a single mile. You should live your life without brooding!”
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Read MoreTwo investing pathways to abundance
You can avoid brooding and embrace prosperity if you follow Fujimoto’s precepts — which bear a strong Buffett influence. Put these three lessons into action now.
Purchase quality stocks at cheap prices Buffett has famously said, “The best thing that happens to us is when a great company gets into temporary trouble. … We want to buy them when they're on the operating table.” Buffett also famously said investors should be “fearful when others are greedy, and greedy when others are fearful.” After Japan’s Nikkei market tanked 12.4% on Aug. 5, Fujimoto remained calm, telling Bloomberg: “When the stock price gets low, then it’s time for me to buy stocks.”
**Buy and hold ** In a 1988 letter to Berkshire shareholders, Buffett declared, “Our favorite holding period is forever.” Fujimoto may practice day trading, but his advice is to secure good stocks for the long term. “It’s important to hold good stocks for the long term,” he said. “Don’t buy or sell immediately like a day trader. If you hold such stocks for a while, they will surely bear fruit.”
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