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<blockquote style="position: relative; padding-left: 55px;"><section><a href="https://atomicpoet.org/objects/8c9cc54f-c64d-4455-87bd-965388432f82">atomicpoet (atomicpoet@atomicpoet.org)'s status on Wednesday, 07-Aug-2024 05:47:44 JST</a><a href="https://atomicpoet.org/users/atomicpoet" title="atomicpoet@atomicpoet.org"><img src="https://gnusocial.jp/avatar/15609-48-20221101180623.webp" width="48" height="48" alt="atomicpoet" style="position: absolute; left: 0; top: 0;">atomicpoet</a></section><article><p>Berkshire Hathaway recently sold a big boatload of shares in Apple.</p><p>A lot of people are asking “Why?”</p><p>This is just speculation, but I suspect it might have something to do with Japanese interest rates going into positive territory. </p><p>But again, this is just speculation.</p><p><a href="https://www.cnn.com/2023/11/01/investing/munger-interview-buffett-japan-investment-intl-hnk/index.html">https://www.cnn.com/2023/11/01/investing/munger-interview-buffett-japan-investment-intl-hnk/index.html</a></p></article><footer><a rel="bookmark" href="https://gnusocial.jp/conversation/3485123#notice-6848880">In conversation</a><time datetime="2024-08-07T05:47:44+09:00" title="Wednesday, 07-Aug-2024 05:47:44 JST">about 4 months ago</time> <span>from <span><a href="https://atomicpoet.org/objects/8c9cc54f-c64d-4455-87bd-965388432f82" rel="external" title="Sent from atomicpoet.org via ActivityPub">atomicpoet.org</a></span></span><a href="https://atomicpoet.org/objects/8c9cc54f-c64d-4455-87bd-965388432f82">permalink</a><h4>Attachments</h4><ol><li><label><a rel="external" href="https://gnusocial.jp/attachment/3009796"> In the summer of 2020, Berkshire revealed it had bought stakes of about 5% in each of Japan’s top five trading companies. In total, the American industrial and insurance conglomerate invested $6.7 billion at the time, while telling shareholders it could hold and increase the size of those holdings over the long run.This year, as Japan’s stock markets rocketed to 33-year highs, Berkshire disclosed it had in fact doubled down, taking its stakes in each company to an average of more than 8.5%. The US giant still has room to run, as it has previously stated it could eventually raise its stakes of each firm to 9.9%.</a></label><br><a href="https://atomicpoet.org/media/157691195a47a6d0639438c8238367681d1f248bfb5fe03a3d83e1d1f7ec1241.png" rel="external">https://atomicpoet.org/media/157691195a47a6d0639438c8238367681d1f248bfb5fe03a3d83e1d1f7ec1241.png</a></li><li><label><a rel="external" href="https://gnusocial.jp/attachment/3009797"> Berkshire was able to pull off its biggest bet outside the United States because of Japan’s historically low interest rates, the executive explained. That meant the conglomerate could borrow money cheaply as far as 10 years in advance, and use the funds to buy stocks with 5% dividends, he said.“These trading companies were really entrenched, old companies, and they had all these cheap copper mines and rubber plantations, and so you could borrow [easily],” Munger added.</a></label><br><a href="https://atomicpoet.org/media/3bbdcc406edb262999954c427e78219e7b84dca7641573dc4a08796faa918ed5.png" rel="external">https://atomicpoet.org/media/3bbdcc406edb262999954c427e78219e7b84dca7641573dc4a08796faa918ed5.png</a></li></ol></footer></blockquote>

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atomicpoet (atomicpoet@atomicpoet.org)'s status on Wednesday, 07-Aug-2024 05:47:44 JST atomicpoet
Berkshire Hathaway recently sold a big boatload of shares in Apple.
A lot of people are asking “Why?”
This is just speculation, but I suspect it might have something to do with Japanese interest rates going into positive territory.
But again, this is just speculation.
https://www.cnn.com/2023/11/01/investing/munger-interview-buffett-japan-investment-intl-hnk/index.html
In conversationabout 4 months ago from atomicpoet.orgpermalink
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1. In the summer of 2020, Berkshire revealed it had bought stakes of about 5% in each of Japan’s top five trading companies. In total, the American industrial and insurance conglomerate invested $6.7 billion at the time, while telling shareholders it could hold and increase the size of those holdings over the long run. This year, as Japan’s stock markets rocketed to 33-year highs, Berkshire disclosed it had in fact doubled down, taking its stakes in each company to an average of more than 8.5%. The US giant still has room to run, as it has previously stated it could eventually raise its stakes of each firm to 9.9%.
  https://atomicpoet.org/media/157691195a47a6d0639438c8238367681d1f248bfb5fe03a3d83e1d1f7ec1241.png
2. Berkshire was able to pull off its biggest bet outside the United States because of Japan’s historically low interest rates, the executive explained. That meant the conglomerate could borrow money cheaply as far as 10 years in advance, and use the funds to buy stocks with 5% dividends, he said. “These trading companies were really entrenched, old companies, and they had all these cheap copper mines and rubber plantations, and so you could borrow [easily],” Munger added.
  https://atomicpoet.org/media/3bbdcc406edb262999954c427e78219e7b84dca7641573dc4a08796faa918ed5.png

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