Wall Street Journal (September 1)
2020/ 09/ 02 by jd in Global News
“Five venerable Japanese companies were sitting in the bargain bin in plain sight. It took a 90-year-old Warren Buffett to scoop them up.” His company Berkshire Hathaway bought “stakes in Japanese trading companies shunned by others, seeing low valuation and healthy dividends.” The stakes of about 5%, are in trading companies that “resemble none other than Berkshire Hathaway itself,” with “holdings in energy, mining and consumer goods, sometimes owning companies outright and other times taking smaller stakes.”
Tags: Bargain bin, Berkshire Hathaway, Buffett, Consumer goods, Dividends, Energy, Japan, Mining, Shunned, Stakes, Trading companies, Valuation
