Tuesday, October 20, 2020

What does Warren Buffett need with Japanese buying and selling homes?

WARREN BUFFETT famously likes his companies easy to know and clear. Why, then, has his conglomerate, Berkshire Hathaway, poured $6bn into 5% stakes in Japan’s 5 largest buying and selling homes? Mitsubishi, Itochu, Mitsui, Marubeni and Sumitomo don’t seem to fulfill both criterion. They run a bewildering array of subsidiaries in most sectors of the economic system. In that they bear a passing resemblance to Berkshire itself. Maybe extra essential, although, they happy two different Buffett must-haves: their shares, dented by covid-19, appeared low cost, and so they pay dependable dividends.

This text appeared within the Enterprise part of the print version below the headline “Buffett bets on Japan”

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