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Warren Buffett's Berkshire Hathaway buys stakes in Japan's five leading trading companies

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News of the purchases came on the same day the 'Oracle of Omaha' turned 90.

. Berkshire said it acquired the holdings over a roughly 12-month period through regular purchases on the Tokyo Stock Exchange. Based on Friday's closing prices for the trading houses, a 5% stake in each would be valued at roughly $6.25 billion.

For Buffett, the move is no quick trading play. Berkshire says it intends to hold the investments for the long term, and that it may increase its holdings in any of the companies up to a maximum of 9.9%, depending on price. Berkshire also pledged to make no purchases beyond a 9.9% stake in any of the companies unless given approval by the trading companies' boards of directors.

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HBD Boss!!

Happy birthday WarrenBuffett !!

The Democratic Party has become the party of intolerance, censorship and Racism. Democrats have incited riots and promoted Marxist revolution, but offered NO protection to law abiding citizens. The country is waking to their evil and it has sealed their fate!

Arigatogozaimasu ,Buffett-san.

SBI 💥

xrpcommunity. Sumitomo.

Naturally hedged & long term is 3 to 8 years?

byKatherineRoss ? Not buying, America, greatest capital growth engine in history? GS and MS get clobbered tomorrow?

First Gold and now Japan. He is going where no Buffett has gone before!! MohnishPabrai

He is washed up

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