2023-05-07 03:31:00
tensions between the United States and China has been smoldering in recent months. Some investors are concerned that China may invade Taiwan.
Meanwhile, Berkshire revealed last month that it had increased its stake in Itochu Corp, Marubeni Corp, Mitsubishi Corp, Mitsui & Co and Sumitomo Corp to 7.4%, and Buffet said his company may buy more.
In August 2020, Berkshire first disclosed that it holds a 5% stake in each stock, valued at more than $6 billion. and reported a stake increase of more than 6% in November.
Buffet said the investment reflected similarities with his own conglomerate Berkshire Hathaway Inc.
“In Japan, things are easy,” Buffet says. “There are five companies that are very important. It’s a company that understands.” Pays decent dividends and buys back shares, and where Berkshire manages its foreign exchange risk by selling yen-denominated debt to fund the sale.
“They’re doing something very clever and huge. So we started buying it.”
However, Buffett’s longtime business partner Charlie Munger takes a different view. It points to Apple Inc’s success in using China as a major supplier. which, he said, was good for both the company and the country.
“I think we are just as guilty. “It’s a stupid combination,” Munger said, referring to the US and China. “If there’s one thing we should do, it’s with China. And we should have a lot of free trade with China. for our mutual benefit.”
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