Buffett’s Latest Buys
MarketFoolery
The Motley Fool
4.7 • 1.7K Ratings
🗓️ 31 August 2020
⏱️ 14 minutes
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Summary
Warren Buffett celebrating his 90th birthday by buying shares of the five largest trading companies in Japan. Bill Mann analyzes the latest move by Berkshire-Hathaway, the economic legacy of Japan’s Prime Minister Shinzo Abe, and the misplaced excitement over Apple and Tesla splitting their stocks.
Transcript
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| 0:00.0 | It's Monday, August 31st of welcome to market foolery. I'm Chris Hill with me today. |
| 0:07.0 | The one and only, Bill Mann. Good to see you. Thanks for being here. |
| 0:11.0 | Nice shirt, Chris. Thank you. I know this is radio for Thanks for a |
| 0:15.0 | a lot of people. |
| 0:16.0 | That is a shirt for a lot of people. |
| 0:18.0 | That is a shirt for radio. |
| 0:20.0 | I try and do my bad. |
| 0:22.0 | I try and you know spiff up every now and then. We're going to talk about those |
| 0:27.2 | stock splits that are making news. We're going to start by heading to Japan by way of Omaha, Nebraska. |
| 0:35.0 | Warren Buffett celebrated his 90th birthday doing what a lot of folks like to do when they want to treat themselves. |
| 0:42.0 | He went shopping. |
| 0:43.0 | Bircher Hathaway has bought stakes in the five leading trading companies in Japan. |
| 0:49.0 | Sumitomo, Otochochu, Marubenny, Mitsui and company, and Mitsubishi Corp. |
| 0:58.8 | They import everything from energy and metals to textiles and food. |
| 1:06.5 | And this is clearly a big move in and of itself. |
| 1:13.0 | What does this investment on Buffett's part say to you? |
| 1:17.0 | Let's start there. |
| 1:18.0 | Well, once again, as always, we have to remember that with Berkshire Hathaway, |
| 1:22.0 | sometimes the numbers almost feel like |
| 1:24.5 | cheat codes because 6.5 billion dollars is not a huge investment for Berkshire Hathaway. |
| 1:31.2 | It's steak in Apple at steak in Coca-Cola are much larger than this. But |
| 1:37.2 | Buffett, after years of not really looking outside of the United States has really started doing so. |
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