• Home
  • Politics
  • Health
  • World
  • Business
  • Finance
  • Tech
  • More
    • Sports
    • Entertainment
    • Lifestyle
What's Hot

Short and Funny Sayings for a Happy Summer with Friends

May 9, 2025

Trump Announces First Post-Tariff Trade Deal

May 8, 2025

100 Funny Father’s Day Quotes for Hilariously Relatable Humor (and Plenty of Love Too)

May 8, 2025
Facebook Twitter Instagram
  • Contact
  • Privacy Policy
  • Terms & Conditions
Friday, May 9
Patriot Now NewsPatriot Now News
  • Home
  • Politics

    Security video shows brazen sexual assault of California woman by homeless man

    October 24, 2023

    Woman makes disturbing discovery after her boyfriend chases away home intruder who stabbed him

    October 24, 2023

    Poll finds Americans overwhelmingly support Israel’s war on Hamas, but younger Americans defend Hamas

    October 24, 2023

    Off-duty pilot charged with 83 counts of attempted murder after allegedly trying to shut off engines midflight on Alaska Airlines

    October 23, 2023

    Leaked audio of Shelia Jackson Lee abusively cursing staffer

    October 22, 2023
  • Health

    Disparities In Cataract Care Are A Sorry Sight

    October 16, 2023

    Vaccine Stocks—Including Pfizer, Moderna, BioNTech And Novavax—Slide Amid Plummeting Demand

    October 16, 2023

    Long-term steroid use should be a last resort

    October 16, 2023

    Rite Aid Files For Bankruptcy With More ‘Underperforming Stores’ To Close

    October 16, 2023

    Who’s Still Dying From Complications Related To Covid-19?

    October 16, 2023
  • World

    New York Democrat Dan Goldman Accuses ‘Conservatives in the South’ of Holding Rallies with ‘Swastikas’

    October 13, 2023

    IDF Ret. Major General Describes Rushing to Save Son, Granddaughter During Hamas Invasion

    October 13, 2023

    Black Lives Matter Group Deletes Tweet Showing Support for Hamas 

    October 13, 2023

    AOC Denounces NYC Rally Cheering Hamas Terrorism: ‘Unacceptable’

    October 13, 2023

    L.A. Prosecutors Call Out Soros-Backed Gascón for Silence on Israel

    October 13, 2023
  • Business

    Trump Announces First Post-Tariff Trade Deal

    May 8, 2025

    Electric Vehicle Sales Nosedive As GOP Takes Buzzsaw To Biden’s Mandate

    May 7, 2025

    Tyson Foods Announces It Will Bend The Knee To Trump Admin’s New Rules

    May 7, 2025

    Federal Reserve Holds Interest Rates Steady Despite Pressure From Trump

    May 7, 2025

    ‘Wait Them Out’: John Kennedy Tells Larry Kudlow One Lie He Suspects China’s Telling US

    May 7, 2025
  • Finance

    Ending China’s De Minimis Exception Brings 3 Benefits for Americans

    April 17, 2025

    The Trump Tariff Shock Should Push Indonesia to Reform Its Economy

    April 17, 2025

    Tariff Talks an Opportunity to Reinvigorate the Japan-US Alliance

    April 17, 2025

    How China’s Companies Are Responding to the US Trade War

    April 16, 2025

    The US Flip-flop Over H20 Chip Restrictions 

    April 16, 2025
  • Tech

    Cruz Confronts Zuckerberg on Pointless Warning for Child Porn Searches

    February 2, 2024

    FTX Abandons Plans to Relaunch Crypto Exchange, Commits to Full Repayment of Customers and Creditors

    February 2, 2024

    Elon Musk Proposes Tesla Reincorporates in Texas After Delaware Judge Voids Pay Package

    February 2, 2024

    Tesla’s Elon Musk Tops Disney’s Bob Iger as Most Overrated Chief Executive

    February 2, 2024

    Mark Zuckerberg’s Wealth Grew $84 Billion in 2023 as Pedophiles Target Children on Facebook, Instagram

    February 2, 2024
  • More
    • Sports
    • Entertainment
    • Lifestyle
Patriot Now NewsPatriot Now News
Home»Finance»Warren Buffett has plans for ‘bigger fish to fry’ and needs Japanese stocks to make it happen, says Mark Mobius
Finance

Warren Buffett has plans for ‘bigger fish to fry’ and needs Japanese stocks to make it happen, says Mark Mobius

April 13, 2023No Comments2 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Warren Buffett has plans for 'bigger fish to fry' and needs Japanese stocks to make it happen, says Mark Mobius
Share
Facebook Twitter LinkedIn Pinterest Email
warren buffett

Warren Buffett.Bill Pugliano/Stringer/Getty Images

  • Legendary emerging markets investor Mark Mobius thinks Warren Buffett has plans for something big.

  • Buffett raised his stakes in top Japanese trading companies, which could play a role in a later deal.

  • “I think he’s got a bigger fish to fry. I think he’s got plans for something else,” Mobius told CNBC.

Warren Buffett’s decision to invest more money in five major Japanese companies may be a prelude to something bigger, said billionaire investor Mark Mobius.

On Tuesday, Buffett’s Berkshire Hathaway raised its stake in Itochu, Marubeni, Mitsubishi, Mitsui, and Sumitomo to 7.4%.

In an interview on CNBC later in the day, Mobius speculated that Buffett likely has something else up his sleeve.

“I think he’s got a bigger fish to fry. I think he’s got plans for something else. And he’s already mentioned that he’s planning some big deal, which may need the help of these Japanese trading companies,” Mobius said.

In his own CNBC appearance Wednesday morning, Buffett didn’t reveal a larger master plan, but instead said the Japanese stocks seemed like a good investment.

“I just thought these were big companies. They were companies that I generally understood what they did,” he said. “And they were selling at what I thought was a ridiculous price, particularly the price compared to the interest rates prevailing at that time.”

Mobius also theorized that Berkshire Hathaway’s sale of yen bonds may also have to do with Buffett’s stock market play. But Buffett said this was to protect his company from exchange rate risks.

Buffett and Greg Abel, his planned successor, are open to potential opportunities and have encouraged the Japanese companies to reach out.

See also  The $42bn bank run that sunk Silicon Valley Bank

“He’ll answer the phone on the first ring,” Abel said of Buffett. “And we’ll never run out of money. They can call us anytime.”

For his part, Mobius acknowledged that the Japanese stocks have attractive price-to-earnings ratios and pay dividends.

But they appear to have already peaked, and he wouldn’t buy them.

“Frankly, I would not be involved in buying these companies. The return on capital is not high,” Mobius said. “The prices have just gone up too much, I believe.”

Read the original article on Business Insider

Bigger Buffett Fish fry happen Japanese Mark Mobius Plans Stocks Warren
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

‘Oracle of Omaha’: Warren Buffett Announces Retirement, Confirms Successor

May 4, 2025

Ending China’s De Minimis Exception Brings 3 Benefits for Americans

April 17, 2025

The Trump Tariff Shock Should Push Indonesia to Reform Its Economy

April 17, 2025

Tariff Talks an Opportunity to Reinvigorate the Japan-US Alliance

April 17, 2025
Add A Comment

Leave A Reply Cancel Reply

Top Posts

Yet another Anheuser-Busch marketing executive is on leave of absence — and it’s reportedly not voluntary

April 24, 2023

Phillies pitcher shuts down the Nationals 

August 10, 2023

Creative Ideas For The Holidays

August 24, 2024

Larry Nassar Was Stabbed in Prison Cell, Attack Not Seen by Surveillance Cameras, AP Source Says

July 13, 2023
Don't Miss

Short and Funny Sayings for a Happy Summer with Friends

Lifestyle May 9, 2025

I love the beach. Just looking at the calming sea to relax. Having fun in…

Trump Announces First Post-Tariff Trade Deal

May 8, 2025

100 Funny Father’s Day Quotes for Hilariously Relatable Humor (and Plenty of Love Too)

May 8, 2025

Top 10 Benefits Of Acupuncture

May 8, 2025
About
About

This is your World, Tech, Health, Entertainment and Sports website. We provide the latest breaking news straight from the News industry.

We're social. Connect with us:

Facebook Twitter Instagram Pinterest
Categories
  • Business (4,110)
  • Entertainment (4,220)
  • Finance (3,202)
  • Health (1,938)
  • Lifestyle (1,627)
  • Politics (3,084)
  • Sports (4,036)
  • Tech (2,006)
  • Uncategorized (4)
  • World (3,944)
Our Picks

US Says Russian Ending Ukraine Grain Export Deal “Unconscionable”

July 17, 2023

How Social Media Can Make Dating Experiences Shallow And Unpleasant

November 7, 2024

REPORT: Cher Is Making New Music With Her Much Younger Boyfriend

March 7, 2023
Popular Posts

Short and Funny Sayings for a Happy Summer with Friends

May 9, 2025

Trump Announces First Post-Tariff Trade Deal

May 8, 2025

100 Funny Father’s Day Quotes for Hilariously Relatable Humor (and Plenty of Love Too)

May 8, 2025
© 2025 Patriotnownews.com - All rights reserved.
  • Contact
  • Privacy Policy
  • Terms & Conditions

Type above and press Enter to search. Press Esc to cancel.