Japanese Stocks Are Cigar Butt Investing

(May 4, 1998) Warren #Buffett was asked to comment on the investment recommendation in the Japanese stocks from the Outstanding Investor Digest. Warren said that he evaluated Japanese stock and found that most Japanese stocks have low return-on-equity. He continues that many years ago, #Berkshire Hathaway gave up the cigar butt investing which means that... Continue Reading →

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