Reported 1 day ago
Warren Buffett, known for his long-term investment strategy, has recently increased Berkshire Hathaway's stakes in Mitsubishi and Mitsui, investing over $400 million in these major Japanese trading houses. Despite facing challenges in finding valuable stocks due to high market valuations, Buffett views these companies as excellent long-term holdings because of their strong management and financial stability. He anticipates that his successor, Greg Abel, will continue to partner with these firms in the future.
Source: YAHOO