Japanese trading houses

Berkshire endorses Japanese trading houses, could hold them ‘forever’

by
Berkshire endorses Japanese trading houses, could hold them ‘forever’

Warren Buffett on Saturday gave a full-throated endorsement to the five Japanese trading houses in which his conglomerate Berkshire Hathaway has invested. Buffett spoke at Berkshire’s annual shareholder meeting in Omaha, Nebraska, 1-1/2 months after Berkshire said it raised its stakes in Itochu, Marubeni, Mitsubishi , Mitsui and Sumitomo to as high as 9.8%. Berkshire’s … Read more

Warren Buffett tells investors to ignore Wall Street pundits while paying tribute to Charlie Munger

by
Warren Buffett tells investors to ignore Wall Street pundits while paying tribute to Charlie Munger

OMAHA: Warren Buffett credited his longtime partner – the late Charlie Munger – with being the architect of the Berkshire Hathaway conglomerate he’s received the credit for leading and warned shareholders in his annual letter not to listen to Wall Street pundits or financial advisors who urge them to trade often. Buffett also recounted how … Read more