{"id":22809,"date":"2008-03-26T20:27:00","date_gmt":"2008-03-26T20:27:00","guid":{"rendered":"https:\/\/clusterfamilyoffice.com\/blog\/?p=529"},"modified":"2008-03-26T20:27:00","modified_gmt":"2008-03-26T20:27:00","slug":"kaizen-el-control-de-calidad-de-nuestras-inversiones","status":"publish","type":"post","link":"https:\/\/clusterfamilyoffice.com\/en\/kaizen-el-control-de-calidad-de-nuestras-inversiones\/","title":{"rendered":"Kaizen. Quality control for our investments."},"content":{"rendered":"<div style=\"text-align: justify;\"><a onblur=\"try {parent.deselectBloggerImageGracefully();} catch(e) {}\" href=\"http:\/\/www.rankia.com\/blog\/familyoffice\/uploaded_images\/company_thewordkaizen-703401.jpg\" target=\"_blank\" rel=\"noopener\"><img decoding=\"async\" style=\"margin: 0pt 10px 10px 0pt; float: left; cursor: pointer; width: 208px; height: 208px;\" src=\"http:\/\/www.rankia.com\/blog\/familyoffice\/uploaded_images\/company_thewordkaizen-703395.jpg\" alt=\"\" border=\"0\" \/><\/a>Almost a year ago, we introduced you to the concept of resilience as it applies to investors: <a style=\"font-weight: bold;\" href=\"http:\/\/www.rankia.com\/blog\/familyoffice\/2007\/07\/el-inversor-resiliente.html\" target=\"_blank\" rel=\"noopener\">The Resilient Investor<\/a><span style=\"font-weight: bold;\">.<\/span> Leaving aside the income from work that clouds our perception of success or failure in our financial investments, I would like to emphasise the value of resilience in our investment life itself.<\/div>\n<div style=\"text-align: justify;\">Our capacity to invest is obviously limited in terms of amount, but it is also limited in terms of time, and that is what we call our <span style=\"font-weight: bold;\">investment life<\/span>. It\u2019s hard to invest before the age of 20 or after the age of 80, and of course human nature means we have to approach it differently depending on which stage of this investment journey we\u2019re at. But as we\u2019ve already told you in <a style=\"font-weight: bold;\" href=\"http:\/\/www.rankia.com\/blog\/familyoffice\/2008\/02\/benchmark-personal-y-pgr.html\" target=\"_blank\" rel=\"noopener\">Benchmark Personal and the Attorney General's Office<\/a> on the subject of <a href=\"http:\/\/www.rankia.com\/blog\/toros-osos-y-borricos\/2008\/02\/benchmark-personal.html#links\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: bold;\">article by JMDV<\/span><\/a> Even though it goes by the same name, there are almost endless variables that we need to manage throughout this investment cycle, without losing sight of our core objectives.<a onblur=\"try {parent.deselectBloggerImageGracefully();} catch(e) {}\" href=\"http:\/\/www.rankia.com\/blog\/familyoffice\/uploaded_images\/kaizen2-773004.gif\" target=\"_blank\" rel=\"noopener\"><img decoding=\"async\" style=\"margin: 0pt 0pt 10px 10px; float: right; cursor: pointer; width: 161px; height: 282px;\" src=\"http:\/\/www.rankia.com\/blog\/familyoffice\/uploaded_images\/kaizen2-772999.gif\" alt=\"\" border=\"0\" \/><\/a><\/p>\n<p>But there is another very interesting concept that we can and should apply to our investment journey, and which will help us improve our success rate over the years. Not only must we learn from our mistakes to turn our losses into investments, but even when the results are acceptable or successful, we must constantly strive for perfection. We can refer to this quest for constant improvement in our investment performance in many ways: the Cluster Effect, <a href=\"http:\/\/en.wikipedia.org\/wiki\/Continuous_improvement\" target=\"_blank\" rel=\"noopener\"><span style=\"font-style: italic; font-weight: bold;\">Kaizen<\/span><\/a> (<a href=\"http:\/\/www.toyota.com\/html\/planetkaizen\/\" target=\"_blank\" rel=\"noopener\">Toyota<\/a>) or more philosophical concepts such as the search for the path or <span style=\"font-style: italic;\">Thu<\/span> of Zen Buddhism. In any case, this constant effort to improve our analysis and the decisions that affect our wealth throughout our lives will keep us safe from the greater dangers such as euphoria, panic or a lack of humility in the markets and in investing in general.<\/p>\n<p>You can find more information about the app at <a style=\"font-weight: bold; font-style: italic;\" href=\"http:\/\/www.kirainet.com\/kaizen-%E6%94%B9%E5%96%84-mejora-continua\/\" target=\"_blank\" rel=\"noopener\">Kaizen<\/a> business-related content on the best website for discovering the contrasts, technology and modernity of Japan: <a href=\"http:\/\/www.kirainet.com\/\" target=\"_blank\" rel=\"noopener\">Kirai<\/a>, a <span style=\"font-style: italic;\">geek<\/span> in Japan. You will also find references to the economy before and after the bursting of the Japanese bubble <a href=\"http:\/\/www.kirainet.com\/la-economia-japonesa-parte-1\/\" target=\"_blank\" rel=\"noopener\">here<\/a> y <a href=\"http:\/\/www.kirainet.com\/economia-japonesa-parte-2\/\" target=\"_blank\" rel=\"noopener\">here<\/a>. I'd like to send our friend a quick hello from here\/<span style=\"font-style: italic;\">geek<\/span> H\u00e9ctor, whom I had the pleasure of visiting in his beloved Tokyo a few days ago.<\/p>\n<p>The PGR must be constantly reviewed and adapted. At least once a year, we should update it whilst applying something akin to the classic approach to our financial decisions <a href=\"http:\/\/en.wikipedia.org\/wiki\/Shewhart_cycle\" target=\"_blank\" rel=\"noopener\">Shewhart cycle<\/a> (Plan, Do, Check\/Study, Act). A form of constant, ongoing quality control that will help us avoid costly decisions regarding our assets over the decades.<\/p>\n<p><a onblur=\"try {parent.deselectBloggerImageGracefully();} catch(e) {}\" href=\"http:\/\/www.rankia.com\/blog\/familyoffice\/uploaded_images\/acoffee-714139.jpg\" target=\"_blank\" rel=\"noopener\"><img decoding=\"async\" style=\"margin: 0px auto 10px; display: block; text-align: center; cursor: pointer; width: 327px; height: 264px;\" src=\"http:\/\/www.rankia.com\/blog\/familyoffice\/uploaded_images\/acoffee-714130.jpg\" alt=\"\" border=\"0\" \/><\/a>It goes without saying that we must adapt all of this to the current economic cycle. But be warned: if we enter a recession, we will have to adapt our protocols, strategies and decisions to a scenario very different from anything any of us has experienced before. The <a href=\"http:\/\/en.wikipedia.org\/wiki\/Great_Depression\" target=\"_blank\" rel=\"noopener\">The Great Depression<\/a> The 1930s are too far back in time, and what\u2019s more, today\u2019s globalisation means that the nature and course of a recession nowadays bear no resemblance to the one our grandparents experienced. However, this globalisation could also exacerbate the effect known in economics as <span style=\"font-style: italic;\">Phoenix<\/span>, that is to say, rising from the ashes, just as Argentina did and continues to do following its famous \u2018corralito\u2019, or Japan, as we can see in this documentary aptly titled <a href=\"http:\/\/www.rtve.es\/FRONT_PROGRAMAS?go=111b735a516af85ccdc4135d9df82c2e123009d61eb00f778b60af793b191c31f8046a272f631c0003897a04e4d9495f58046cf704957c670ae7dcefa03e27a39c36712e682ce2f3\" target=\"_blank\" rel=\"noopener\">Japan: The Phoenix<\/a> (I recommend at least the first part). In any case, the <span style=\"font-weight: bold; font-style: italic;\">Kaizen<\/span> will help us to preserve and grow our wealth throughout our investment journey.<\/div>","protected":false},"excerpt":{"rendered":"<p>Hace casi un a\u00f1o os introduc\u00edamos el concepto de resiliencia aplicado a los inversores: El Inversor Resiliente. Dejando de lado los ingresos procedentes del trabajo que enmascaran nuestra percepci\u00f3n del \u00e9xito\/fracaso en nuestras inversiones financieras, quiero hacer hincapi\u00e9 en la virtud de la resiliencia de nuestra vida inversora en s\u00ed misma. Nuestra capacidad de inversi\u00f3n [&hellip;]<\/p>\n","protected":false},"author":6,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[20],"tags":[],"class_list":["post-22809","post","type-post","status-publish","format-standard","hentry","category-sin-categorizar"],"_links":{"self":[{"href":"https:\/\/clusterfamilyoffice.com\/en\/wp-json\/wp\/v2\/posts\/22809","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/clusterfamilyoffice.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/clusterfamilyoffice.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/clusterfamilyoffice.com\/en\/wp-json\/wp\/v2\/users\/6"}],"replies":[{"embeddable":true,"href":"https:\/\/clusterfamilyoffice.com\/en\/wp-json\/wp\/v2\/comments?post=22809"}],"version-history":[{"count":0,"href":"https:\/\/clusterfamilyoffice.com\/en\/wp-json\/wp\/v2\/posts\/22809\/revisions"}],"wp:attachment":[{"href":"https:\/\/clusterfamilyoffice.com\/en\/wp-json\/wp\/v2\/media?parent=22809"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/clusterfamilyoffice.com\/en\/wp-json\/wp\/v2\/categories?post=22809"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/clusterfamilyoffice.com\/en\/wp-json\/wp\/v2\/tags?post=22809"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}