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Wicked cool guy  
#21 Posted : Wednesday, September 16, 2020 12:25:41 PM(UTC)
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Originally Posted by: EagleDog Go to Quoted Post
Originally Posted by: roger.d Go to Quoted Post
Originally Posted by: EagleDog Go to Quoted Post
Warren Buffett (noted value investor) has started to invest internationally over the past 12 months (Japan).
He sees value there.
Why is this news? He notoriously avoids international stocks like the plague. He sees something.

Warren Buffett is able to meticulous go over the financials of a company before he buys a single share.
The I fund (and all index mutual funds) buys what makes up the index that it tracks. You are trying to compare apples to bicycles.

Buffett essentially invested in Japan index funds.
He invested nearly $7 billion into Japan's five leading trading companies. These trading companies are extremely diversified and their operations span multiple industries (mining, energy, food, meat processing, aerospace, retail, real estate, finance, consulting, logistics, etc.).

If you like what Buffet is doing and also currently see value in international companies, you should consider the I Fund.
FYI: Japan is the country most represented in the I Fund.




He essentially bought paper. Nothing close to broad based equities. Nothing close to the I fund. Buffet would laugh at any feds holding I fund shares.
EagleDog  
#22 Posted : Wednesday, September 16, 2020 1:21:47 PM(UTC)

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Originally Posted by: Wicked cool guy Go to Quoted Post
He essentially bought paper. Nothing close to broad based equities. Nothing close to the I fund. Buffet would laugh at any feds holding I fund shares.

Warren Buffet is betting on Japan.
The I Fund is concentrated in Japan. It gives participants an opportunity for some Japanese exposure.
Just sayin...
Wicked cool guy  
#23 Posted : Wednesday, September 16, 2020 1:57:38 PM(UTC)
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Originally Posted by: EagleDog Go to Quoted Post
Originally Posted by: Wicked cool guy Go to Quoted Post
He essentially bought paper. Nothing close to broad based equities. Nothing close to the I fund. Buffet would laugh at any feds holding I fund shares.

Warren Buffet is betting on Japan.
The I Fund is concentrated in Japan. It gives participants an opportunity for some Japanese exposure.
Just sayin...


He's not betting on Japan's stock market. The S&P 500 has Japanese exposure.

He also had a play in the Occidental/Anadarko merger. Everybody in the world knew (except the dumb oxy CEO) Occidental would be bankrupt because of this horrible acquisition. Buffet bet $10b on it, but not like we would by buying stock.
Lots of idiots bought Occidental shares because "hey Warren Buffet is backing the deal" even though Buffet had to have known that Oxi would fail very quickly. He had debt and preferred shares, not common stock like us minions. He made money, idiots who bought Oxi shares lost big.

Edited by user Wednesday, September 16, 2020 2:00:39 PM(UTC)  | Reason: Not specified

roger.d  
#24 Posted : Wednesday, September 16, 2020 2:34:40 PM(UTC)
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Originally Posted by: EagleDog Go to Quoted Post
Originally Posted by: Wicked cool guy Go to Quoted Post
He essentially bought paper. Nothing close to broad based equities. Nothing close to the I fund. Buffet would laugh at any feds holding I fund shares.

Warren Buffet is betting on Japan.
The I Fund is concentrated in Japan. It gives participants an opportunity for some Japanese exposure.
Just sayin...


I am still waiting on a link that Buffett bought a mutual fund.

Buffett bought stock in 5 Japanese firms. He did not buy a Japanese fund.

The I fund at best has a 25% Japanese holding.

Buffett and Jack Boggle advocate a 100% US portfolio. And if you felt a need for international exposure, limit it to no more than 20%.

Warren Buffett is a mutual fund. He is Berkshire Hathaway. He does not buy mutual funds.
EagleDog  
#25 Posted : Wednesday, September 16, 2020 3:30:32 PM(UTC)

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Originally Posted by: roger.d Go to Quoted Post
The I fund at best has a 25% Japanese holding.

Correct.
A full quarter of the I Fund is in Japan.
As I mentioned earlier, the I Fund is concentrated in Japan and it is the country most represented in the fund.


EagleDog  
#26 Posted : Wednesday, September 16, 2020 3:44:35 PM(UTC)

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Originally Posted by: Wicked cool guy Go to Quoted Post
He's not betting on Japan's stock market.

Take it up with Barron's and U.S. News & World Report :)

==========

"Warren Buffett Is Betting on Japanese Stocks. Here’s How You Can Too."

"Buffett is making a big bet on Japan."

"Buffett is buying Japanese stocks. Should you join him?"

"Why Warren Buffett's Berkshire Hathaway has a $7 billion bet on 5 Japanese stocks"



https://www.barrons.com/...-you-can-too-51599261228

https://money.usnews.com...rren-buffett-just-bought

https://markets.business...stocks-2020-9-1029555556

https://www.thetimes.co....d-you-join-him-h92z0725r
roger.d  
#27 Posted : Wednesday, September 16, 2020 4:04:00 PM(UTC)
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Originally Posted by: EagleDog Go to Quoted Post
Originally Posted by: Wicked cool guy Go to Quoted Post
He's not betting on Japan's stock market.

Take it up with Barron's and U.S. News & World Report :)

==========

"Warren Buffett Is Betting on Japanese Stocks. Here’s How You Can Too."

"Buffett is making a big bet on Japan."

"Buffett is buying Japanese stocks. Should you join him?"

"Why Warren Buffett's Berkshire Hathaway has a $7 billion bet on 5 Japanese stocks"



https://www.barrons.com/...-you-can-too-51599261228

https://money.usnews.com...rren-buffett-just-bought

https://markets.business...stocks-2020-9-1029555556

https://www.thetimes.co....d-you-join-him-h92z0725r


According to wikipedia:.

Berkshire Hathaway's market capitalization was valued at over US$496 billion in September 2018

So $7 billion of $496 billion is just over 1.4%.

Looks like a lot of hype to get people to click the link so the news outlets can get google revenue.


EagleDog  
#28 Posted : Friday, September 18, 2020 10:02:15 AM(UTC)

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Originally Posted by: roger.d Go to Quoted Post
Berkshire Hathaway's market capitalization was valued at over US$496 billion in September 2018

$147 billion is on the sidelines (cash on hand & cash equivalents).
If you know anything about Berkshire Hathaway, investing $7 billion in a single foreign country is a BIG deal.

Edited by user Friday, September 18, 2020 10:06:04 AM(UTC)  | Reason: Not specified

roger.d  
#29 Posted : Friday, September 18, 2020 10:13:56 AM(UTC)
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Originally Posted by: EagleDog Go to Quoted Post
Originally Posted by: roger.d Go to Quoted Post
Berkshire Hathaway's market capitalization was valued at over US$496 billion in September 2018

$147 billion is on the sidelines (cash on hand & cash equivalents).
If you know anything about Berkshire Hathaway, investing $7 billion in a single foreign country is a BIG deal.


Do you disagree with my previous post that this represents less than 2% of Berkshire Hathaway's value?
roger.d  
#30 Posted : Friday, September 18, 2020 2:26:36 PM(UTC)
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Originally Posted by: roger.d Go to Quoted Post
Originally Posted by: EagleDog Go to Quoted Post
Originally Posted by: roger.d Go to Quoted Post
Berkshire Hathaway's market capitalization was valued at over US$496 billion in September 2018

$147 billion is on the sidelines (cash on hand & cash equivalents).
If you know anything about Berkshire Hathaway, investing $7 billion in a single foreign country is a BIG deal.


Do you disagree with my previous post that this represents less than 2% of Berkshire Hathaway's value?


In case you missed my question.....

If you disagree with my calculations that this is approximately 1.4% of Berkshire Hathaway's value, feel free to state your estimate.


At 1.4%, I estimate that you would not have more than 5% in the I fund. And seeing how Berkshire Hathaway only purchased stock in 5 companies in Japan, it might be even less.


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