Warren Buffett earns $ 2 billion investing in 5 Japanese companies in the midst of a pandemic
American investor Warren Buffett’s Berkshire Hathaway Inc. added $ 2 billion to his fortune, thanks to an investment made a year ago in Japan’s five largest trading houses.
As Bloomberg reported on Tuesday, Buffett surprised the Tokyo markets last August with a bet of $ 6,000 million in the general trade sector and, in particular, in the so-called “sogo shosha” companies Japanese companies that deal with a wide range of products and materials. It came days after Japanese Prime Minister Shinzo Abe announced his resignation due to health concerns, as the market was at a crossroads on future trends.
However, insurance analyst Hideaki Kuribara believes that “Bought at the right time” and expect the values to hold for a long time.
Meanwhile, other investors, including regular followers of the “god of investment,” as Buffet is called, have abstained due to uncertainty about the pandemic and political leadership. The gain of more than 30% The combined value of these Japanese assets has exceeded the growth of the benchmark Topix stock market index (Tokyo Stock Price IndeX) by 22% and still does not include potential dividend income.
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