Why Warren Buffett's Berkshire Hathaway has a $7 billion bet on 5 Japanese stocks - Business Insider

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 49 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 23%
  • Publisher: 51%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

Why Warren Buffett's Berkshire Hathaway has a $7 billion bet on 5 Japanese stocks

The famed investor may have backed the businesses because of their cheap valuations and varied operations, as well as the macroeconomic environment.Buffett is renowned for identifying and investing in businesses that are undervalued by the market. He lived up to his reputation with the five Japanese trading houses, as four of them trade at a significant discount to book value, meaning their market capitalizations are lower than their net assets.

Buffett invested in the Japanese companies at "laughably low" prices, highlighting the "tremendous" value on offer in the island nation, Dalton Investments chief Jamie RosenwaldBuffett may be investing in a foreign country, but he's deeply familiar with what the five trading houses do.

The investor highlighted the quintet's many joint ventures around the world in his statement on Sunday, and expressed hope that "opportunities of mutual benefit" will emerge.Inflation fears are rising as governments and central banks continue trying to spend their way out of the coronavirus crisis. Their efforts so far include mailing out stimulus checks, bailing out distressed companies such as airlines and cruise lines, and plowing trillions of dollars into financial markets.

Buffett may be betting on higher prices with his Japanese investments, Bill Smead, boss of Smead Capital Management, told Reuters.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 729. in NG

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

New Tesla video shows Model 3 cars being made inside its China factory - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Love TESLA !!!
Source: BusinessInsider - 🏆 729. / 51 Read more »

Warren Buffett buys into Japanese stocks. How to play the move using ETFsWith billionaire Warren Buffett's Berkshire Hathaway investing in the five leading trading companies in Japan, market analysts flag ways to ride the wave using ETFs. ETFEdgeCNBC He needs a new brain . ETFEdgeCNBC Is it under ten dollars? ETFEdgeCNBC USA has become the largest economy on the planet, thanks to the work and unity of its people. Trump to stay in power, like as Hitler preaches the people's fear and disintegration, dividing them into right and left, and a disungregated and disintegrated people destroys a nation.
Source: CNBC - 🏆 12. / 72 Read more »