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"I am discussing this with Buffett and hope to bring him to Japan within a year." Wertheimer, who claims to be Buffett's "travel agent," made the above remarks in an interview with Bloomberg Television.
In 2006, Buffett’s investment flagship Berkshire acquired an 80% stake in Isca for $4 billion. In 2008, Iskar and Temello agreed to acquire a 71.5% stake in the latter for a $1 billion offer. Wertheimer said his current most important role is to arrange a journey for Buffett to promote Berkshire's overseas transactions and expansion. Previously he was involved in Arranging Buffett's 2008 European investment trip.
Buffett, 79, has been looking for suitable investment targets outside the US market. The latest data shows that Berkshire holds as much as $24.5 billion in cash as of the second quarter of this year. Buffett's partner, Frank Bates, said: "When Buffett gets up from the morning, he will consider one thing: which companies are most attractive to complement Berkshire's global configuration."
Analysts said that once Buffett made the trip, he might look at some large Japanese companies, especially those that have successfully benefited from the growth of demand in Asia, especially China. If Buffett really comes to Japan and is optimistic about the investment potential of the Japanese market, it will have a very important impact on the local area. However, the low return level of investment and Japan's special corporate culture may be the main reason for limiting Buffett's investment in the Japanese market for a long time. Although the Japanese economy has shown signs of recovery, its corporate management remains at its original level. Level, this will be a key issue that value investors have to consider.
ISW metal processing company president Wertheimer said on the 10th that he intends to arrange a trip to the US stock market Warren Buffett. During the period, the "stock god" may visit Japan's largest company specializing in the production of special tools for metal cutting. One Tungaloy Tool Company.