Mitsubishi Electric (ADR) Stock Forum

“We bought it as fast as we could,” Buffett said in reference to five Japanese trading houses.
It’s “unlikely we will make any large commitments in other countries,” he added.
$Berkshire Hathaway 13F(LIST2999.US)$ $Berkshire Hathaway-A(BRK.A.US)$ $Berkshire Hathaway-B(BRK.B.US)$ $Mitsubishi Electric (ADR)(MIELY.US)$ $Mitsubishi Estate (ADR)(MITEY.US)$ $MITSUBISHI MOTOR CORP(MMTOF.US)$ $MITSUBISHI CORP(MSBHF.US)$ $Bank of America(BAC.US)$

Charlie Munger: "If you're as smart as Warren Buffett, maybe two, three times a century, you get an idea like [investing Japanese trading houses in the summer of 2020.]"
One key to the investment's success  was to have Berkshire's credit rating tho said Charlie.
$Berkshire Hathaway 13F(LIST2999.US)$ $Berkshire Hathaway-A(BRK.A.US)$ $Berkshire Hathaway-B(BRK.B.US)$ $Mitsubishi Electric (ADR)(MIELY.US)$ $Mitsubishi Estate (ADR)(MITEY.US)$ $JPY/USD(JPYUSD.FX)$ $S&P 500 Index(.SPX.US)$ $Nasdaq Composite Index(.IXIC.US)$ $EUR/JPY(EURJPY.FX)$

The valuations of US and Japanese stocks have diverged significantly in recent years when measured by the EV/EBITDA multiple.
What's your exposure to Japanese stocks? Are you planning to increase it due to the attractive valuations?
$Berkshire Hathaway 13F(LIST2999.US)$ $Berkshire Hathaway-A(BRK.A.US)$ $Berkshire Hathaway-B(BRK.B.US)$ $Mitsubishi Electric (ADR)(MIELY.US)$ $Mitsubishi Estate (ADR)(MITEY.US)$ $Apple(AAPL.US)$ $Bank of America(BAC.US)$

Mitsubishi Motors will officially decide at today's board meeting to completely withdraw from the Chinese market, Asahi reports.
Mitsubishi Motors sales in fiscal 2022 fell to about a fifth of their peak level.
$Mitsubishi Electric (ADR)(MIELY.US)$ $LI AUTO-W(02015.HK)$ $Li Auto(LI.US)$ $BYD Company Limited(002594.SZ)$ $BYD COMPANY(01211.HK)$ $NIO Inc(NIO.US)$ $NIO Inc. USD OV(NIO.SG)$ $NIO-SW(09866.HK)$ $Tesla(TSLA.US)$

When did it start? The day Warren Buffett visited Japan? What did he say? Or do? Was he a messenger of something? Thoughts please.
$Berkshire Hathaway 13F(LIST2999.US)$ $Berkshire Hathaway-A(BRK.A.US)$ $Berkshire Hathaway-B(BRK.B.US)$ $Sumitomo Mitsui Financial(SMFG.US)$ $Mitsubishi Electric (ADR)(MIELY.US)$ $Mitsubishi Estate (ADR)(MITEY.US)$ $OSE Nikkei 225 mini Futures(SEP4)(NK225Mmain.JP)$ $OSE Nikkei 225 Futures(SEP4)(NK225main.JP)$ $Nikkei/USD Futures(SEP4)(NKDmain.US)$ $Ishares Jpx-Nikkei 400 Etf(JPXN.US)$

BERKSHIRE RAISES STAKES IN JAPAN TRADING COS. TO AVG. OVER 8.5%, FROM 7.4% IN APRIL.
$Berkshire Hathaway 13F(LIST2999.US)$ $Berkshire Hathaway-A(BRK.A.US)$ $Berkshire Hathaway-B(BRK.B.US)$ $Sumitomo Mitsui Financial(SMFG.US)$ $Mitsubishi Electric (ADR)(MIELY.US)$ $Mitsubishi Estate (ADR)(MITEY.US)$ $Apple(AAPL.US)$ $Coca-Cola(KO.US)$

These are returns (excl. dividends) of five biggest Japanese trading companies since August 2020 when Warren Buffett bought 5% of each company for his 90th birthday.
Itochu
Marubeni
Mitsubishi
Mitsui
Sumitomo
$Berkshire Hathaway 13F(LIST2999.US)$ $Berkshire Hathaway-A(BRK.A.US)$ $Berkshire Hathaway-B(BRK.B.US)$ $Mitsubishi Electric (ADR)(MIELY.US)$ $Mitsubishi Estate (ADR)(MITEY.US)$ $Sumitomo Mitsui Financial(SMFG.US)$ $Bank of America(BAC.US)$ $Occidental Petroleum(OXY.US)$

*Warren Buffett is increasing Berkshire Hathaway's stake in Japan as Asia now accounts for much of his company's portfolio growth.
$Berkshire Hathaway 13F(LIST2999.US)$ $Berkshire Hathaway-A(BRK.A.US)$ $Berkshire Hathaway-B(BRK.B.US)$ $Mitsubishi Electric (ADR)(MIELY.US)$ $Mitsubishi Estate (ADR)(MITEY.US)$

A lot of these companies are cheap & are likely to keep growing.
$Berkshire Hathaway 13F(LIST2999.US)$ $Berkshire Hathaway-A(BRK.A.US)$ $Berkshire Hathaway-B(BRK.B.US)$ $Mitsubishi Electric (ADR)(MIELY.US)$ $Mitsubishi Estate (ADR)(MITEY.US)$