At what will be his last annual meeting as CEO of Berkshire Hathaway, Warren Buffett shared a story that succinctly demonstrated his unique ability to spot value in unexpected places, like a small Japanese handbook he could barely read.
What Happened: Buffett’s famous journey with the five Japanese trading houses — Itochu, Marubeni, Mitsubishi Corp., Mitsui & Co.and Sumitomo Corp. started not with a team of analysts or a visit to the country, but with a handbook detailing thousands of Japanese companies, according to CNBC.
“I was just going through a little handbook that probably had 2,000 or 3,000 Japanese companies in it,” he recalled. In it, he discovered …
Full story available on Benzinga.com
At what will be his last annual meeting as CEO of Berkshire Hathaway, Warren Buffett shared a story that succinctly demonstrated his unique ability to spot value in unexpected places, like a small Japanese handbook he could barely read.
What Happened: Buffett’s famous journey with the five Japanese trading houses — Itochu, Marubeni, Mitsubishi Corp., Mitsui & Co.and Sumitomo Corp. started not with a team of analysts or a visit to the country, but with a handbook detailing thousands of Japanese companies, according to CNBC.
“I was just going through a little handbook that probably had 2,000 or 3,000 Japanese companies in it,” he recalled. In it, he discovered …
Full story available on Benzinga.com
At what will be his last annual meeting as CEO of Berkshire Hathaway, Warren Buffett shared a story that succinctly demonstrated his unique ability to spot value in unexpected places, like a small Japanese handbook he could barely read.
What Happened: Buffett’s famous journey with the five Japanese trading houses — Itochu, Marubeni, Mitsubishi Corp., Mitsui & Co.and Sumitomo Corp. started not with a team of analysts or a visit to the country, but with a handbook detailing thousands of Japanese companies, according to CNBC.
“I was just going through a little handbook that probably had 2,000 or 3,000 Japanese companies in it,” he recalled. In it, he discovered …Full story available on Benzinga.com Read MoreBerkshire Hathaway, Equities, ITOCY, MARUY, MITSY, MTSUY, News, SSUMY, Warren Buffett, Markets, General, MITSY, US6068272029, SSUMY, US8656131039, MARUY, ITOCY, MTSUY, News, Equities, Markets, General, Benzinga News
