Warren Buffett 'Very Proud' Of Japanese Investments: 5 Tokyo-Listed Stocks Berkshire Has Stakes In

Billionaire investor Warren Buffett has set his sights on the far east to put his money to work.

What Happened:  Buffett, who runs the investment holding company, Berkshire Hathaway BRK BRK, is "very proud" of his investments in Japanese stocks, the billionaire told in an interview with Nikkei.

Berkshire in Aug. 2020 picked up more than 5% stake in each of Japan's five trading houses, namely Itochu Corp. ITOCY, Mitsubishi Corp. MSBHF, Mitsui & Co., Ltd MITSY, Sumitomo Corp. SSUMY and Marubeni Corp. MARUY, the report said.

He then went on to augment the stakes in Nov. 2022, it added.

The "Oracle of Omaha" reportedly said he would meet with these companies this week to have a discussion about their businesses and emphasize his support.

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Why It's Important: Buffett is a proponent of value investment – a strategy of picking up businesses at a discount to their intrinsic value. Berkshire's top holdings include Apple, Inc. AAPL and Coca-Cola Company KO, among others. The company has recently been building a position in the upstream oil and gas company Occidental Petroleum Corp OXY.

Buffett's Berkshire has also invested in other Asian companies such as BYD Company Limited BYDDY BYDDY.

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