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Buffett made $6.8b on these stocks in two years, now he’s buying more

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The legendary investor recently increased his stakes in Japanese trading houses Itochu, Marubeni, Mitsubishi, Mitsui and Sumitomo after first disclosing the purchases in 2020.

The legendary stock picker, who told Japanese media he was

Mr Buffett told Nikkei he had since raised his holdings even further, although Berkshire has yet to officially disclose any additional purchases. Shares of Itochu, Marubeni, Mitsubishi, Mitsui and Sumitomo all surged after Mr Buffett’s new investments were reported.s that each hold investments in a variety of industries and other companies. Their conglomerate business models are somewhat similar to Mr Buffett’s own company, which owns dozens of companies including BNSF railroad, several major utilities and Geico insurance while also investing more than $US300 billion in stocks.

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Buffett made $6.8b on these stocks in two years, now he’s buying moreThe legendary investor recently increased his stakes in Japanese trading houses Itochu, Marubeni, Mitsubishi, Mitsui and Sumitomo after first disclosing the purchases in 2020.
Bron: FinancialReview - 🏆 2. / 90 Lees verder »