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Top related persons:
Berkshire Hathaway - 2 Warren Buffett - 2 Buffett - 2 Warren - 1 Jefferies - 1 Thanh Ha Pham - 1 Pham - 1
Top related locs:
Omaha Berkshire Japan Itochu U.S
Top related orgs:
National Indemnity Company - 2 Mitsubishi - 2 Mitsui - 2 Sumitomo - 2 Jefferies - 1 Tokyo Stock Exchange - 1 Itochu - 1 Berkshire - 1

Search resuls for: "National Indemnity Company"


2 mentions found


☆ Berkshire Hathaway's holdings in five Japanese companies could go beyond 10%, Jefferies says
  + stars: | 2023-06-20 | by ( Yun Li | ) www.cnbc.com   time to read: +2 min
Warren Buffett's Berkshire Hathaway once again increased its stakes in five Japanese trading houses, and Jefferies said watch out for more such buying from the "Oracle of Omaha." Thanh Ha Pham, equity analyst at Jefferies, said Berkshire's holdings in these companies could go even beyond 10% in the future, and collaboration with Berkshire's businesses is another avenue to explore. The 92-year-old Buffett paid a visit to Japan and met with the heads at these Japanese firms earlier this year. Like Berkshire, the Japanese trading firms, also known as sogo shosha, are conglomerates that are involved in a wide range of products and services, including energy, machinery, chemicals, food, finance and banking. "By investing in trading houses, investors obtain a well-diversified business portfolio that is not exposed to any single industry or geography," Pham said.
Persons: Warren, Berkshire Hathaway, Jefferies, Thanh Ha Pham, Warren Buffett, Pham, Buffett Organizations: National Indemnity Company, Mitsubishi, Mitsui, Sumitomo, Jefferies, Tokyo Stock Exchange, Itochu Locations: Omaha, Itochu, Berkshire, Japan
☆ Warren Buffett's Berkshire Hathaway ups stakes in five Japanese trading firms
  + stars: | 2023-06-19 | by ( Elliot Smith Ruxandra Iordache | Elliot Smith | Ruxandra Iordache | ) www.cnbc.com   time to read: +1 min
Berkshire Hathaway on Monday said its wholly-owned subsidiary National Indemnity Company has increased its stake in five Japanese trading firms to average more than 8.5%. Berkshire Hathaway said it intends to hold its Japanese investments for the long term, with CEO Warren Buffett pledging the company will only purchase up to 9.9% of any of the five firms. Buffett visited Japan in April to announce that Berkshire Hathaway would boost its investment in the various Japanese trading houses to 7.4%, after identifying the five businesses as comparable entities to his Omaha-based conglomerate. The five firms are the largest of Japan's so-called sogo-shosha, or general trading companies, and focus on diversified long-term investments that prioritize value and cash flow. Berkshire Hathaway owns no other investments in Japan.
Persons: Berkshire Hathaway, Warren Buffett, Buffett Organizations: National Indemnity Company, Mitsubishi, Mitsui, Sumitomo, Berkshire Locations: Berkshire, U.S, Japan, Omaha
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