4.8 • 1K Ratings
🗓️ 4 October 2022
⏱️ 30 minutes
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0:00.0 | Hi, I'm Ryan Levy. |
0:01.0 | Welcome to Cyber reasons Malicious Life. At the turn of the 18th century Japan lived a merchant son named Yumiji Sumia. |
0:41.0 | Yumiji, just 23 years old, was reputedly, quote, the most dexterous person in the country. |
0:49.0 | And so when he told his father, Yusammon, that he wanted to travel to Kuryama to examine the rice markets there... |
0:57.0 | Yoseman collected all the money he possessed, gave Yomiji-Miji 600 reel of of gold and dispatched his son to Koryama. |
1:06.0 | Nate Nelson, reading from Kumage Una Amigasa, written in 1706. |
1:12.0 | As soon as Yomiji arrived at the wholesaler in Koryama, |
1:16.0 | he started a money-changing business. |
1:18.0 | For context, Rice wasn't merely Japan's most crucial good. |
1:23.4 | It was a means of exchange, a currency. |
1:26.8 | Some, including samurai, were paid with it. |
1:30.1 | Brokers used it as the basis for financial instruments like loans. |
1:35.0 | Yumiji wasn't so much entering the food industry, he was joining his eras Wall Street. |
1:42.0 | And like Wall Street. |
1:42.6 | And like Wall Street, there were already seasoned traders doing everything they could |
1:47.5 | to make a profit when he got there. |
1:50.6 | Yumiji was at an immediate disadvantage, but dexterous as he was, he came up with a plan for how to beat the market. |
1:59.0 | In order to get information about daily prices at the Rice Exchange, |
2:04.0 | Yomiji hired a regular Express manager and another manager. |
2:08.3 | A minute after the Rice Exchange started the business of the day in Osaka, the second manager wearing a red hat and |
2:15.5 | red gloves, ran like a flying bird and arrived at the Kuragari pass. He stood by a |
2:21.6 | landmark pine tree and tried to regain his breath. |
... |
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