News Formal

Warren Buffett's bet on Japan stocks has tripled to over $17 billion

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 16 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 51%

Philippines News News

Warren Buffett's Japan bets have nearly tripled in value to north of $17 billion in under 3 years

Meanwhile, the five Japanese stocks have gained an average of 181% since Buffett's original disclosure. The upshot is that Berkshire's holdings have ballooned in value from $6 billion to about $17 billion today.

Buffett laid out his rationale for the Japanese foray during Berkshire's annual meeting in May. He noted the companies were"ridiculously" cheap, well-established in familiar industries, focused on the long term, and big enough to have a material impact on Berkshire's earnings.

 

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 PH

Philippines Philippines Latest News, Philippines Philippines Headlines

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

Maxine Waters, Elizabeth Warren clash over investment rulesThe fight is being triggered by three bills that House Financial Services Chair Patrick McHenry is driving to boost capital raising for startups.
Source: politico - 🏆 381. / 59 Read more »