Warren Buffett’s company Berkshire Hathaway has just released a statement revealing they have some big new bets in 5 Japanese trading companies. Today I sit down with Investing with Tom, to figure out why Berkshire has made these moves!
Tom’s channel: https://www.youtube.com/channel/UCG9FGwgAx9-RKq1smF1lc8w
Tom’s video: https://www.youtube.com/watch?v=-eiHQnFPIPM&t=546s&ab_channel=InvestingwithTom
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Big Short investor Michael Burry has doubled down on his investments in Japanese companies over recent months, boosting his portfolio by taking positions in a number of tech manufacturers and real estate developers.
Many Japanese companies have recovered well going from the stock market crash lows of March 2020 into Q2 2020, and this goes for large and small cap value stocks in the Nikkei as well as Dow Jones stocks.
Despite these sizeable gains, Scion has long been known for long term investing, and while the exact value of his investments is unclear Burry has stated that he has no intention of relinquishing his stakes in Altech, Tazmo and Yotai Refractories among others.
A number of the companies have experienced sharp valuation drops which even predate the coronavirus pandemic, and yet the possibility of recovery moves into clear view as Japan lifts restrictions and allows its economy to reopen.
Scion Asset Management is set to capitalise on the growth trends which these companies exploit. Exposure to foreign stocks during the 2020 recession appears to be a sensible idea in view of the fact that Japan may outperform western economies in the months ahead. However, the correct companies, at fair value, must be selected.
What are your thoughts about these latest investments from the Big Short legend?
Should Burry be investing in these stocks? I realise that there are more than 7 companies in which he has invested, but I just wanted to pick a selection for the purposes of not overextending this video.
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