😍😍😍Warren Buffett is an astute investor and the King of Value Investing. He obviously recognises the value of 5 Japanese trading houses. They are Itochu, Marubeni, Mitsubishi, Mitsui and Sumitomo. As a result Berkshire Hathaway has increased its holdings of these 5 Japanese companies by almost 10% recently.
Warren Buffett said that all 5 Japanese companies are the biggest "sogo shosha" or trading houses in Japan that invest across diverse sectors domestically and overseas. He said that in many ways these Japanese companies are somewhat similar to Berkshire Hathaway.
Berkshire Hathaway is sitting on a record cash pile equivalent to USD 334 billion currently. This is due to the fact that Berkshire has sold more than USD 134 billion worth of stocks in 2024 by reducing its stake in $Apple(AAPL)$
I believe that Warren Buffett is carving a new niche in these Japanese trading companieswith his increased investment as part of his diversification strategy.
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