Reported about 10 hours ago
Warren Buffett announced that Berkshire Hathaway intends to boost its investments in five major Japanese trading houses, as these companies agreed to relax ownership limits previously set below 10%. The conglomerate's investments in these firms, which include Itochu, Marubeni, Mitsubishi, Mitsui, and Sumitomo, reached $23.5 billion by the end of 2024. Buffett emphasized that he and his successor are making long-term investments in these companies, which they believe have strong management and capital deployment strategies.
Source: YAHOO