Warren Buffett shocked Tokyo markets last August with a $6 billion (¥659 billion) bet on Japan’s five largest trading houses.
One year on, his investments are paying off.
Amid the surge in commodity prices, the collective value of Berkshire Hathaway Inc.’s stakes in the five sōgō shōsha has risen by about $2 billion. That gain of more than 30% has outpaced the benchmark Topix index’s 21% rise, and doesn’t account for dividend income.
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