Abstract

Are current prices fair? Will they fall or rise? This book examines the complexities of prices, even those seemingly simple questions, by looking at their historical evolution and interpreting their current state and future prospects.

Author’s Information

Kenichi Hirayama is a Senior Advisor and Chief Strategist at Tokio Marine Asset Management Co., Ltd. For approximately 35 years, he has worked as a strategist and fund manager at asset management companies, formulating and managing investment strategies for domestic and international stocks and bonds. He previously served as General Manager of Investment Strategy and Executive Officer and Head of Investment Division (Chief Investment Officer) before assuming his current position. He has authored numerous books, including "Interest Rate History," "The Pendulum Financial History," "Financial Markets Before and During the War" (winner of the 2020 Securities Economics Society Award), "The Bank of Japan ETF Problem," "The Practice of Alternative Investment" (editor), "The Future of Price Fluctuations," "The History of Interest Rates," and "The History of Prices."