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Move Over, Alphabet! Warren Buffett's Successor, Greg Abel, Has Nearly $47 Billion Devoted to This Top Investment Idea
The Motley Fool·
Greg Abel, Warren Buffett's successor as CEO of Berkshire Hathaway, has invested nearly $47 billion in Japanese stocks, surpassing the company's $37 billion Alphabet investment. Abel's Japan strategy focuses on six stocks including the five sogo shosha trading houses (Mitsubishi, Itochu, Mitsui, Marubeni, Sumitomo) and Tokio Marine insurance. The rationale centers on valuation advantages, favorable governance, and robust capital-return programs compared to expensive U.S. equities.
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