Warren Buffett's Berkshire: Selling U.S. Stocks? Here’s Where the Money Is Going Now
On Monday, Warren Buffett’s company, Berkshire Hathaway, announced an increase in its holdings of shares in Japan’s top five trading firms. This development suggests that investors may want to consider looking for opportunities beyond the American stock market at this juncture. Berkshire increased its stake in Itochu, Sumitomo, Marubeni, Mitsubishi, and Mitsui as revealed by regulatory documents on Monday, boosting its positions to fall within the range of 8.5% to 9.8%. In July 2019, Buffett began purchasing shares in the five trading firms, and last month, the Oracle of Omaha stated in a letter to shareholders that Berkshire was expected to increase its stakes in these Japanese corporations. Increasing its stake in Japan might indicate that Buffett sees potential for worthwhile investments outside of the U.S. Over the last month, U.S. stocks have declined due to concerns that President Donald Trump’s tariffs might lead to an increase in inflation and hinder economic gro...