Business
Buffett’s $8bn bet on Japan and Australia – The Australian Financial Review
The Oracle of Omaha has snapped up 5 per cent stakes in five of Japan’s storied trading companies. That’s given him indirect exposure to some of Australia’s prized mining and energy assets.
While more control over the portfolio has been handed to potential successors Todd Combs and Ted Weschler, the acquired stakes do tick many of the boxes favoured by Buffett when it comes to deploying some of the $US140 billion-plus of cash sitting on Berkshire Hathaway’s balance sheet at a time when US stocks have been sprinting higher.
The five Japanese stocks look cheap relative to their earnings and book values, while they have lagged growthier companies over the past five years, such as Adv…
-
Noosa News6 hours agoMotorcyclist dies in crash with truck
-
Noosa News5 hours agoMan charged over allegedly abandoning Arnie the German shepherd in car after claiming dog and vehicle were stolen
-
Noosa News21 hours agoPolice officer who tracked Toyah Cordingley’s phone gives evidence at Rajwinder Singh’s murder trial
-
General21 hours agoARIA Awards 2025 winners: Amyl & The Sniffers and Ninajirachi dominate