The Oracle is Looking East.
The Oracle of Omaha (Warren Buffett) speaks again through his latest move of looking east to Japan. Berkshire Hathaway Inc has announced its latest acquisition of slightly more than 5% of the shares in 5 large Japanese companies. This move speaks volume of Chairman Warren Buffett’s strategy of looking outside United States and comes on the tail of prior move of selling of banking stock to go into gold mining companies. As the saying goes…action speaks louder than words.
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