This Japanese firm teaches us that ownership is the ultimate asset

Watch This Japanese firm teaches us that ownership is the ultimate asset - Shine Star on Dailymotion

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00:00The oldest company in the world still operating today is over 1,400 years old.

00:04They made about $38 million in revenue in 2020.

00:06It goes all the way back to the year 578.

00:09That's 15 centuries ago.

00:10It's a Japanese construction firm called Kongo Gumi.

00:13They build temples.

00:14But what I think is fascinating, it's done the thing that only a small, stable, boring business can do,

00:18which is last 1,000 years.

00:20They've consolidated, they've changed hands, but I think they probably learned a couple things.

00:24First, healthy, lasting businesses don't have to be massive, sexy, or revolutionary.

00:28And in fact, they often aren't.

00:30Second, ownership is something to be cherished, even if you only manage to hold on to something for a millennium or so.