Australian Financial Review (February 4)
2022/ 02/ 06 by jd in Global News
“Mr Buffett shocked the world in 2020 when Berkshire Hathaway announced that it bought stakes in five of Japan’s biggest trading companies, which at the time were grappling with declining profits as the COVID-19 pandemic reduced demand for fuel and raw materials.” Now, his “surprise bet” is clearly “paying off as the companies expect a record-breaking rebound in profits.”
Tags: 2020, Berkshire Hathaway, Buffett, COVID-19, Demand, Fuel, Grappling, Japan, Pandemic, Profits, Raw materials, Shocked, Stakes, Trading companies
