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☆ Warren Buffett pours more money into Japan’s stock market
▼ + stars: | 2023-06-19 | by ( ) edition.cnn.com time to read: +2 min

Billionaire investor Warren Buffett’s Berkshire Hathaway (BRKA) has added to its holdings in Japan’s five biggest trading houses, likely underpinning strong momentum propelling the nation’s stock market to multi-year highs. Berkshire said Monday its stakes in Itochu (ITOCF), Marubeni (MARUY), Mitsubishi Corp, Mitsui & Co (MITSY), and Sumitomo now average more than 8.5%. “The tailwinds for Japanese equities continue to multiply,” said Charu Chanana, market strategist at broker Saxo Markets in Singapore. Known as “sogo shosha,” Japanese trading houses deal in a variety of materials, products and food, often serving as intermediaries, and provide logistical support. The trading firms’ regulatory filings of June 12 showed Berkshire holding 7.4% of Itochu’s stock, 8.3% of Marubeni and Mitsubishi’s stock, 8.1% of Mitsui’s stock and 8.2% of Sumitomo’s stock.

Persons: Warren Buffett’s Berkshire Hathaway, Monday’s, ”, Charu Organizations: Berkshire, Mitsubishi Corp, Mitsui & Co, Sumitomo, Nikkei, Saxo Markets, America Berkshire Locations: Singapore, Berkshire, United States

☆ Warren Buffett Likes Japanese Stocks—Maybe You Should Too
▼ + stars: | 2023-05-16 | by ( Jacky Wong | ) www.wsj.com time to read: 1 min

Warren Buffett’s investment flagship Berkshire Hathaway now owns more stocks in Japan than any other country outside of the U.S. Photo: SCOTT MORGAN/REUTERS“This time is different” are the four most dangerous words in investing. But Japanese investors have reasons to be confident that positive changes are afoot in the market. Japanese stocks have reached their highest level since 1990, when the country’s famous asset bubble was deflating. The Topix index has gained 12% this year, putting it among the best performing markets in the world in 2023. And even renowned investor Warren Buffett has cast his vote of confidence in the market—his investment flagship Berkshire Hathaway now owns more stocks in Japan than any other country outside of the U.S.

☆ TSMC stake sold by Warren Buffett's Berkshire Hathaway
▼ + stars: | 2023-05-16 | by ( Michelle Toh | ) edition.cnn.com time to read: +3 min

Hong Kong CNN —Warren Buffett’s conglomerate has sold its remaining shares in the world’s largest chipmaker, TSMC, after the “Oracle of Omaha” sounded alarms about its homebase of Taiwan. In a Monday filing, Berkshire Hathaway (BRKA) disclosed that it was no longer holding a stake in Taiwan Semiconductor Manufacturing Company (TSM) as of the end of the first quarter. In February, Berkshire revealed it had sold 86% of its shares in TSMC, which were purchased for $4.1 billion just months before. As Berkshire Hathaway revealed its withdrawal Monday, other prominent investors made bets on the stock. According to a regulatory filing, Macquarie has increased its stake in TSMC, while Tiger Global has also bought in.

☆ Premarket stocks: Wall Street's 'fear gauge' is rising as US debt talks drag on
▼ + stars: | 2023-05-16 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +7 min

Markets will get volatile, maybe the stock market will go down, the Treasury markets will have their own problems,” he said. But this fear of market volatility isn’t going away. A similar fight around the debt ceiling in 2011 spurred a serious bout of market volatility. Wall Street’s key measure of volatility, the VIX, reached two year highs and soared more than 35% in just one day. Wall Street typically uses the VIX, known as the market’s “fear gauge,” as a way to measure how investors feel about financial and economic uncertainties.

People at the See's Candies display at the Berkshire Hathaway Shopping Day event, May 5, 2023. Berkshire Hathaway 's annual shareholder meeting this weekend is kicking off with a shopping extravaganza. Called the "Berkshire Bazaar of Bargains," the shopping event is a tradition at the yearly convention. This year, shareholders can snap up Warren Buffett-themed plush dolls from Squishmallows for the first time. CNBC and CNBC.com will exclusively cover the annual meeting starting Saturday at 10 a.m.

☆ Warren Buffett’s Formula for Success: One Good Decision Every Five Years
▼ + stars: | 2023-05-04 | by ( Ben Cohen | ) www.wsj.com time to read: 1 min

Warren Buffett, chairman and chief executive officer of Berkshire Hathaway in 1984, left. At right, Mr. Buffett at the company’s annual shareholders meeting in Omaha, Neb. Photo: Bonnie Schiffman/Getty Images; Daniel Acker/Bloomberg NewsOne of the most successful people in the history of capitalism recently did something out of character: He proposed a theory for his own success. Warren Buffett ’s annual letter to the shareholders of Berkshire Hathaway is a chance for him to reflect on the past year. This year, he also ruminated on the past 58 years, and he managed to summarize his career in two numbers.

☆ Warren Buffett’s ‘Secret Sauce’ Involves One of Investing’s Most Basic Strategies
▼ + stars: | 2023-05-03 | by ( Akane Otani | ) www.wsj.com time to read: 1 min

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/articles/warren-buffetts-secret-sauce-involves-one-of-investings-most-basic-strategies-f96c4894

☆ Berkshire Hathaway’s Energy Idea Is a Bad Fit for Texas
▼ + stars: | 2023-04-17 | by ( Jinjoo Lee | ) www.wsj.com time to read: +1 min

A proposed plan would create backup power plants for use only in the event of a breakdown elsewhere. Two years ago, not long after the Texas electricity system snapped following a winter storm, Warren Buffett’s Berkshire Hathaway pitched an idea to Texas lawmakers: Let us build some backup power plants in exchange for steady, guaranteed payment. The state Senate earlier this month passed a bundle of bills aimed at reforming the state’s energy system, the most substantial of which proposes a so-called Texas Energy Insurance Program. Under that system, the state would run a competitive process to select power plants that would serve as backups in case of emergencies. Only natural-gas-fueled power plants with on-site fuel storage would qualify.

☆ Warren Buffett’s Japan Bet Is Paying Off Big
▼ + stars: | 2023-04-12 | by ( Jacky Wong | ) www.wsj.com time to read: 1 min

☆ Saudi is far from the last Western bank bagholder
▼ + stars: | 2023-03-21 | by ( George Hay | ) www.reuters.com time to read: +5 min

LONDON, March 21 (Reuters Breakingviews) - Saudi Arabia has joined the Western bank bagholder club. The bank only made its play in November, when client money was already flowing out of Credit Suisse. Saudi National Bank bought 307.6 million Credit Suisse shares for 3.82 Swiss francs ($4.11) per share. The UBS offer of 3 billion Swiss francs ($3.23 billion) values Credit Suisse shares at 0.76 francs each, more than 80% lower than the price paid by the Saudi bank. Saudi National Bank's statement added that the potential impact to its capital adequacy ratio is about 35 basis points, with no impact on profitability.

☆ UK housebuilders face slow and painful refurb
▼ + stars: | 2023-03-01 | by ( ) www.reuters.com time to read: +2 min

LONDON, March 1 (Reuters Breakingviews) - UK housebuilding is facing a bleak future. In previous slowdowns, the UK’s Conservative Party bailed out the sector with packages like Help to Buy, which subsidized mortgages to help buyers. After Wednesday’s 9% share price decline, it’s share price is now worth less than half of what it was before the outbreak of Covid-19. With little help on the horizon, UK housebuilders face a slow and painful rebuild. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.

☆ AXA’s fling with Monte Paschi ends on high note
▼ + stars: | 2023-02-28 | by ( ) www.reuters.com time to read: +2 min

With its 200-million-euro investment in Banca Monte dei Paschi di Siena (BMPS.MI), the French insurer was one of the largest backers of a crucial 2.5-billion-euro capital increase that the hard-beaten lender secured in November. For AXA, supporting the cash call was instrumental to protect its existing insurance distribution partnership with Monte Paschi. The French insurer said on Tuesday it had sold 100 million shares, nearly 8% of Monte Paschi’s total, at 2.33 euros each, pocketing 233 million euros. That’s a 17% gain from the 200 million euros it invested in the cash call. Monte Paschi’s recent strong share-price performance has in any case more to do with the improved economic outlook in Europe and rising interest rates than with any merit of its own.

☆ China’s Li Auto drives a fine profit line
▼ + stars: | 2023-02-28 | by ( ) www.reuters.com time to read: +2 min

HONG KONG, Feb 28 (Reuters Breakingviews) - The $25 billion electric-car maker Li Auto (2015.HK) is in charging mode. On Monday it reported a net profit of 265 million yuan ($38 million) for the quarter ending December as sales of its family-friendly sport-utility vehicles zoomed 66% from a year earlier. What’s more, unlike other battery-powered groups, Li offers “extended range electric cars” that combine a motor with a smaller battery. Li sees the direction of travel and will soon launch 100% battery-powered products. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.

☆ Abrdn turnaround is still a marathon, not sprint
▼ + stars: | 2023-02-28 | by ( ) www.reuters.com time to read: +2 min

LONDON, Feb 28 (Reuters Breakingviews) - Abrdn (ABDN.L) still has one big problem. Chief Executive Stephen Bird’s turnaround at the $5 billion asset manager is gaining traction. Full-year results on Tuesday showed that interactive investor, the savings platform he acquired last year, grew revenue by 20%, despite lower trading volumes. Assets under management fell 19%, after factoring in falling markets and client outflows, to 376 billion pounds, while operating profit fell 55%. That may cost some 200 million pounds, nearly double the unit’s 2022 operating profit.

☆ Japan Post’s deal will test interest rate optimism
▼ + stars: | 2023-02-28 | by ( ) www.reuters.com time to read: +2 min

HONG KONG, Feb 28 (Reuters Breakingviews) - The $12 billion triple initial public offering of the Japan Post Group by the government in 2015 was done in the name of economic efficiency. After a brief rally, the collective market value of the three companies it comprises has declined from a peak of 18 trillion yen to below 10 trillion yen, per Datastream. The Ministry of Finance holds over a third of Japan Post Holdings (6178.T), which in turn retains big stakes in the banking and insurance units – although it has trimmed the latter to below 50%. Japan Post Holdings plans to unload shares worth up to $9.3 billion, Reuters reported, reducing its stake to below 65%. It’s a huge deal in a rickety market but the prospect of interest rate normalisation could see more investment into domestic banks – Japan Post Bank shares have rallied this year alongside local peers.

☆ Warren Buffett’s Slap at Buyback Illiterates Rings True
▼ + stars: | 2023-02-27 | by ( Spencer Jakab | ) www.wsj.com time to read: 1 min

Berkshire Hathaway, whose chief executive is Warren Buffett, uses its stock repurchases to reward shareholders. Warren Buffett rarely uses his annual letter to shareholders to lobby for policies that would enrich Berkshire Hathaway or himself personally. He also generally strikes a grandfatherly tone, avoiding name-calling, though his acerbic 99-year-old business partner, Charlie Munger, is less restrained. Berkshire’s 2022 letter, released Saturday, was an exception. The topic was stock buybacks, newly subject to a 1% excise tax that President Biden recently proposed quadrupling in his State of the Union address.

☆ Warren Buffett’s greatest hits lose their verve
▼ + stars: | 2023-02-27 | by ( ) www.reuters.com time to read: +2 min

NEW YORK, Feb 27 (Reuters Breakingviews) - After writing bangers for decades, it makes sense to keep playing them over and over. Warren Buffett mostly trotted out his greatest hits over the weekend in his latest annual letter to Berkshire Hathaway (BRKa.N) shareholders. It’s a testament to Buffett’s proven ability to ride out economic storms, even though the $670 billion company’s size makes it ever harder to outperform the market. Buffett’s missive accompanying the financial results was among his shortest, at fewer than 3,500 words, in nearly 60 years of writing them. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.

☆ Warren Buffett’s Berkshire Hathaway Posts Big 2022 Loss in Rocky Market
▼ + stars: | 2023-02-25 | by ( Akane Otani | ) www.wsj.com time to read: 1 min

Investors and guests returned for an in-person Berkshire Hathaway meeting in Omaha, Neb. Warren Buffett is still betting on America. Stocks and bonds slumped in 2022 after central banks raised interest rates at a rapid pace to try to rein in inflation. But Mr. Buffett retained his sense of optimism in his annual letter to investors Saturday, saying he attributes much of his success over the years to the resilience of the U.S. economy.

☆ Warren Buffett Wannabes Lose Luster
▼ + stars: | 2023-02-25 | by ( Laura Forman | ) www.wsj.com time to read: 1 min

Warren Buffett’s slow-and-steady approach to investing wasn’t popular in recent years with younger investors, who often sought advice from influencers and pundits. Warren Buffett , who has earned Berkshire Hathaway investors over 35,000% since 1978, once said that “the stock market is designed to transfer money from the active to the patient.” Now many younger investors who had been seeking shortcuts are coming around to his way of thinking. In 2008, just as the seeds of the recent tech boom were being sown in the ashes of the financial crisis, Tim Ferriss, bestselling author of “4-Hour Workweek,” which told readers how to “join the new rich,” snagged a coveted microphone at Berkshire Hathaway’s annual meeting. With a shaky voice, he asked Mr. Buffett and his business partner, Charlie Munger , how a 30-year-old with his first million dollars in the bank should invest.

☆ Warren Buffett’s equity portfolio is focused on just 5 stocks. Here’s what they are
▼ + stars: | 2023-02-25 | by ( Yun Li | ) www.cnbc.com time to read: +1 min

Warren Buffett's Berkshire Hathaway revealed that 75% of its equity portfolio was concentrated in just five names. The "Oracle of Omaha" kept his top five holdings unchanged last quarter as the stock market experienced heightened volatility amid rising rates and recession fears. At the end of 2022, Apple remained Berkshire's largest holding by far, with a value of $119 billion. Chevron was the conglomerate's third-biggest holding with a $30 billion value. In August, Berkshire received regulatory approval to purchase up to 50%, spurring speculation that it may eventually buy all of Houston-based Occidental.

☆ Read Warren Buffett’s annual letter to Berkshire Hathaway shareholders
▼ + stars: | 2023-02-25 | by ( Yun Li | ) www.cnbc.com time to read: 1 min

Warren Buffett published his highly anticipated annual letter to Berkshire Hathaway shareholders on Saturday. The letter has been an annual tradition for the 92-year-old "Oracle of Omaha" for more than six decades and it has become a must read for investors around the globe. Read the full letter here.

☆ Warren Buffett’s must-read annual letter arrives Saturday. Here’s what to expect from the investing legend
▼ + stars: | 2023-02-24 | by ( Yun Li | ) www.cnbc.com time to read: +4 min

Andrew Harnik | APWarren Buffett's loyal following of value investors is about to hear from the legend himself, at a crucial time when interest rates have soared and recession fears are raging. He believed that when interest rates are high, it could be a major "gravitational pull" on values. "We have a roughly 15-year period of abnormally and historically low interest rates. "Interest rates are the main determinant of equity prices, to quote Buffett, so I think I'm looking for and expecting a discussion on interest rates." "Private equity and others who are thinking of making acquisitions would have to go into the market to borrow [at] higher interest rates.

Taipei/Hong Kong CNN —Shares in Taiwan Semiconductor Manufacturing Company fell as much as 4% on Wednesday, after Warren Buffett’s Berkshire Hathaway disclosed that it had sold most of its holdings in the chip giant. Just months before, in November, the company held about 60 million American depository shares of TSMC worth $4.1 billion, according to an SEC filing. Berkshire Hathaway did not provide a reason for the sale and did not immediately respond to a CNN request for comment. Shares in TSMC, which accounts for an estimated 90% of the world’s super-advanced computer chips, ended Wednesday more than 3% lower. TSMC announced last year that it’s building a second semiconductor factory in Phoenix and increasing its investment there.

☆ How to Invest in Stocks
▼ + stars: | 2022-12-30 | by ( ) www.wsj.com time to read: +23 min

Set your time frameWhen you’re ready to invest in stocks, it’s natural to start by looking at how the stock market has performed recently. If you’re saving for the long-term: Invest in stocksOn the other hand, if you have a long-term financial goal—especially retirement, but any goal a decade or more out—you can afford to invest in the stock market. Decide how much risk to takeJust because you have time to invest in stocks doesn’t mean you have the stomach. Return Best Year Worst Year Years with a loss 100% Stocks 12.3% 54.2% -43.1% 25/96 80% Stocks 11.1% 45.4% -34.9% 24/96 60% Stocks 9.9% 36.7% -26.6% 22/96 40% Stocks 8.7% 35.9% -18.4% 19/96 20% Stocks 7.5% 40.7% -10.1% 16/96 100% Bonds 6.3% 45.5% -0.8% 20/96 VanguardStep 3. Most ETFs are index funds, meaning they merely aim to match the returns of a stock market index, although some target very narrow slices of the market, such as just tech stocks or just energy stocks.

☆ Deal whiz Byron Trott suffers minor grill burns
▼ + stars: | 2022-12-12 | by ( ) www.reuters.com time to read: +2 min

NEW YORK, Dec 12 (Reuters Breakingviews) - Weber (WEBR.N) is a rare miscue for dealmaker Byron Trott, who typically serves up deals just right. It’s a reputational blemish for Trott just as he embarks on a major expansion. BDT, which focuses on family-owned businesses, did not sell down its roughly 60% stake at the time of the IPO, or subsequently. Outside investors may nevertheless recall Trott buying low – 43% below the IPO price, valuing Weber at $3.7 billion – the next time the firm brings a portfolio company to market, and wonder if they’ll get burned. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.

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