By Nicholas Vardy Warren Buffett turned 90 on August 30.
But it was investors who got a surprise.
On the same day, the Oracle of Omaha revealed that a Berkshire subsidiary had taken a 5% stake in five major Japanese trading houses.
With $146.6 billion in cash to spend, Berkshire’s cash kitty barely saw a dent from the $6 billion investment.
Still, Berkshire’s foray into the Japanese stocks marked a sea change in Buffett’s thinking.
Click here to watch Nicholas’ latest video update.
Buffett has often said he has trouble finding good deals in the U.S. After all, trendy tech stocks have driven U.S. indexes to all-time highs.
So you …read more
