Warren Buffett will speak at the Berkshire Hathaway Annual Shareholders Meeting held in Omaha, Nebraska on May 4, 2024.
CNBC
Warren Buffett’s love for Japanese stocks will grow Fonder, even as he sells more and more US stocks.
The 94-year-old investor Berkshire Hathaway Holdings Company has raised five or more interests in Ituchu, Marbeni, Mitsubishi, Mitsui and China from 8.5% to more than 9.8%, according to the regulatory declaration.
“Oracle of Omaha” said in its 2024 annual letter that Berkshire is committed to Japanese investment in the long term and has agreed with the company to exceed the initial 10% cap.
All five are Japan’s largest “Sogo Shosha” or traders, investing in a wide range of diverse sectors, both domestically and internationally. Berkshire was first acquired by a company in the summer of 2019.
Part of the investment strategy involves hedging the risk of buffet hedging by selling Japanese debt and pocketing the difference between dividends from investments and payment of bond coupons that must serve bond services.
At the end of 2024, Berkshire’s Japanese holdings had a market value of $23.5 billion, with a total cost of $13.8 billion. Investors praised the management of the company, its relationships with investors, and its capital deployment strategy.
Buffett first announced his Japanese position on his 90th birthday in August 2020 after regular purchases on the Tokyo Stock Exchange.
In 2023, Buffett visited Japan with his designated successor, Greg Abel, and met with the head of a Japanese company. He told Berkshire to own the company forever.
Famous investor Benjamin Graham’s students are actively selling our stocks, increasing their record cash pile to $334 billion. Berkshire sold more than $134 billion in shares in 2024. It was sold primarily by reducing the size of Berkshire’s two largest equity holdings, Apple and Bank of America.
