Warren Buffett and the Japanese Trading Houses I

2.1k Views23 Feb 2025 17:32

Warren Buffett mentioned the trading houses in his Annual Letter to BRK shareholders. The one difference from last year? BRK might buy more. But the Big Five have been weak, and tariff war won't help.

What is covered in the Full Insight:

Introduction to Berkshire Hathaway's Stake in Japanese Trading Houses
Analysis of the 2024 Annual Shareholder Letter
Insights into Trading Houses' Financial Metrics and Market Position
Impact of Exchange Rate and Global Economic Environment
Conclusion and Future Outlook

Boomeranged on Mon, 17 Mar 2025 15:20

Today, National Indemnity - BRK's holdco for owning Japanese trading co shares - announced it had upped its stake in each of the five trading houses by more than 1.00%. This was not a surprise. He warned of this 3 weeks ago. We already knew he was almost there because they had crept up higher than the last report as of Sep-end. He can now buy another 90bp without having to report. Hey may do so.

SUMMARY

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