Buffett reversal risk pushes Japan firms to diversify investors

(Image: Bloomberg)

Wed, 31 Jan 2024

By Yasutaka Tamura(Bloomberg) - Warren Buffett can cause executives angst when he invests in their companies.Japan’s trading firms illustrate this point. Berkshire Hathaway Inc. bought stakes in them in August 2020, which raised their international profile and attracted other investors. Over the next four years, the five companies outperformed the broader market. Buffett’s influence can cut both ways, however. When Berkshire Hathaway pared its stake in Taiwan Semiconductor Manufacturing Co last year because of geopolitical...

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