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Sumitomo - 5 Berkshire - 4 Mitsubishi - 3 Mitsui - 3 Buffett - 3 Tokyo Stock Exchange - 2 Apple - 2 Mitsui & Co - 2

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8 mentions found


☆ How Warren Buffett's big Japanese investments fared in the global market rout
  + stars: | 2024-08-11 | by ( Yun Li | ) www.cnbc.com   time to read: +3 min
This week's violent global market meltdown started in Japan — where Warren Buffett has big investments — but the damage was limited. The Nikkei 225 index , a benchmark for Japanese stocks, plunged 12.4% on Monday, its worst day since "Black Monday" in 1987, triggering a domino effect globally. The stocks Buffett holds cratered as much as 30% initially, but bounced back by the end of the week along with the broader market. The Japanese trading houses also reported second-quarter earnings earlier this week, mostly exceeding analyst expectations and maintaining their full-year guidance. Away from Japan, Buffett was in a selling mood in the second quarter.
Persons: Warren Buffett, Buffett, Berkshire Hathaway, Buffett's, it's Organizations: Bank of Japan, Berkshire, Mitsubishi, Mitsui, Sumitomo —, Sumitomo, Tokyo Stock Exchange, Apple, Buffett Locations: Japan, Omaha, Berkshire
☆ Harvard expert shares the No. 1 lesson to learn from Warren Buffett’s career: 'You can't be really successful' without it
  + stars: | 2024-05-14 | by ( Ashton Jackson | ) www.cnbc.com   time to read: +3 min
Warren Buffett's Berkshire Hathaway raised its stakes in Mitsubishi Corp., Mitsui & Co., Itochu, Marubeni and Sumitomo — all to 7.4%. "To be truly successful, to do anything great, you have to use your strengths,. "So I think you need both to be truly successful," he says. Find what motivates youThere are two types of motivation, George says: extrinsic motivation, like a comfortable salary, and intrinsic motivation, like enjoying a job where you get to help people every day. Becoming more successful can start with figuring out your own intrinsic and extrinsic motivations, says George.
Persons: Warren, Berkshire Hathaway, Warren Buffett, Bill George : Buffett, George, Zach Clayton, Buffett, Forbes, Buffett didn't, Hone Organizations: Mitsubishi Corp, Mitsui & Co, Sumitomo, Harvard University, Berkshire, Harvard Business School, CNBC
☆ Charlie Munger praises Warren Buffett’s big bets on Japan on Acquired podcast
  + stars: | 2023-11-01 | by ( Michelle Toh | ) edition.cnn.com   time to read: +5 min
“It was awfully easy money,” Charlie Munger, Buffett’s longtime lieutenant and vice chair of Berkshire Hathaway (BRKA), said in an interview with the Acquired podcast released this week. The firms backed by Berkshire — Itochu, Marubeni, Mitsubishi Corporation, Mitsui & Co., and Sumitomo — are known as “sogo shosha” or general trading companies in Japan. “These trading companies were really entrenched, old companies, and they had all these cheap copper mines and rubber plantations, and so you could borrow [easily],” Munger added. Buffett’s decision to invest in Japan has buoyed optimism about prospects in the world’s third largest economy. The legendary investor has previously cheered “the future of Japan,” casting more attention to the country from other foreign backers.
Persons: Hong Kong CNN — Warren, Charlie Munger, Buffett’s, Berkshire Hathaway, Berkshire —, Munger, Warren Buffett, ”, ” Munger, “, Wang Chuanfu, Omaha ”, China’s Organizations: Hong Kong CNN, Japan’s Nikkei, Berkshire, Berkshire — Itochu, Mitsubishi Corporation, Mitsui & Co, Sumitomo, BYD, Hyundai, Apple Locations: Hong Kong, Japan, Berkshire, United States, “, Munger, Asia, South, TSMC, Omaha, Taiwan, China
☆ Warren Buffett at 93: All of the big moves from the still-active investing legend in the past year
  + stars: | 2023-08-30 | by ( Yun Li | ) www.cnbc.com   time to read: +4 min
Before turning 93 on Wednesday, Warren Buffett made a number of astute moves in the past 12 months that helped push his conglomerate Berkshire Hathaway to an all-time high. Buying T-bills Buffett's massive cash hoard swelled to nearly $150 billion at the end of the second quarter. And the only question for next Monday is whether we will buy $10 billion in 3-month or 6-month" T-bills, Buffett told CNBC. Ramping up Japan bet Buffett recently hiked his stakes in five Japanese trading houses — Itochu , Marubeni , Mitsubishi , Mitsui and Sumitomo — to more than 8.5%. Occidental stake tops 25% Buffett also kept buying the dip in Occidental Petroleum , now owning a quarter of the oil giant.
Persons: Warren Buffett, Berkshire Hathaway, he's, Buffett, Treasurys, Chamath Palihapitiya, oilman Armand Hammer, NVR, Todd Combs, Ted Weschler, Benjamin Moore Organizations: Buffett, Berkshire, CNBC, Japan, Mitsubishi, Mitsui, Sumitomo, Social, Occidental, Occidental Petroleum, Clayton Homes, Berkshire Hathaway Energy Locations: Berkshire, Fitch's, U.S, Japan, Occidental, Horton
☆ Chamath Palihapitiya calls Warren Buffett the 'GOAT' after figuring out his Japanese bet
  + stars: | 2023-06-22 | by ( Yun Li | ) www.cnbc.com   time to read: +3 min
Prominent tech investor Chamath Palihapitiya expressed his admiration towards Warren Buffett, calling the "Oracle of Omaha" the greatest of all time after analyzing his latest bet on Japan. The 92-year-old Buffett recently hiked his stakes in five Japanese trading houses — Itochu , Marubeni , Mitsubishi , Mitsui and Sumitomo — to more than 8.5%. These companies, which are roughly akin to a conglomerate structure just like Berkshire, make good investments because they are stable dividend payers and earning growers, Palihapitiya said. The 92-year-old Buffett paid a visit to Japan and met with the heads at these Japanese firms earlier this year. Similar to Berkshire, the Japanese trading firms, also known as sogo shosha, are conglomerates involved in a wide range of products and services, including energy, machinery, chemicals, food, finance and banking.
Persons: Chamath Palihapitiya, Warren Buffett, Palihapitiya, Capital's Palihapitiya, Buffett, What's, he's Organizations: Buffett, Mitsubishi, Mitsui, Sumitomo, Tokyo Stock Exchange Locations: Omaha, Japan, Berkshire
☆ These 6 global stocks are 'Buffett-style' picks, according to Credit Suisse
  + stars: | 2023-04-19 | by ( Weizhen Tan | ) www.cnbc.com   time to read: +2 min
Warren Buffett 's Berkshire Hathaway raised its stakes in five Japan stocks — a good sign for investors in Japan, according to Credit Suisse. "This, together with Berkshire Hathaway's recent issuance of JPY bonds, has put the spotlight on value and quality investment opportunities in Japan," Credit Suisse said in a April 14 note. In light of those developments, Credit Suisse analysts said in the note that they've screened for stocks in Japan that are "Buffett-style picks" — that is, they have characteristics typical of Buffett's holdings. Value: Stocks with earnings yield in the top 25% of stocks the bank screened. They should also have above-median dividend yield, as well as above-median five-year dividend growth and next 12-month dividend growth.
☆ Why Warren Buffett is investing in Japan and how to know if you should too
  + stars: | 2023-04-11 | by ( Yun Li | ) www.cnbc.com   time to read: +4 min
Warren Buffett has grown even fonder of his favorite Japanese trading houses, hiking his already-large investments and teasing of more to come. Berkshire Hathaway raised its stakes in five Japanese trading houses — Mitsubishi Corp. , Mitsui & Co ., Itochu Corp. , Marubeni and Sumitomo — all to 7.4%. Buffett will appear live from Japan on CNBC's "Squawk Box" on Wednesday from 6 a.m. to 9 a.m. The five trading houses — roughly akin to a conglomerate structure, just like Berkshire— seem to check every box of Buffett's stock-picking criteria. In light of expectations for tighter policy, BlackRock , the world's largest asset manager, last month cut Japanese stocks to "underweight."
☆ Warren Buffett's Berkshire Hathaway hikes stakes in Japan's five leading trading houses to over 6%
  + stars: | 2022-11-21 | by ( Yun Li | ) www.cnbc.com   time to read: +1 min
Warren Buffett's Berkshire Hathaway has raised its stakes in Japan's five leading trading houses by at least 1 percentage point to more than 6%, regulatory filings showed on Monday. The conglomerate's stakes rose to 6.6% from 5% in Mitsubishi Corp. , to 6.6% from 5% in Mitsui & Co ., to 6.2% from 5% in Itochu Corp ., to 6.8% from 5.1% in Marubeni Corp. and to 6.6% from 5% in Sumitomo Corp ., filings showed. Marubeni and Mitsubishi shares jumped more than 2% after the news on Monday. Sumitomo and Itochu shares rose about 1%. Shares of Mitsui have climbed more than 40% this year, while Sumitomo and Marubeni have both risen about 30%.
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