For the older among us there’s something pleasing about watching dinosaurs thrive as the bright young things struggle.
So there were a few smiles when, amid market turmoil that hammered the Zuckerbergs and Musks of this world, 91-year-old Warren Buffett was shown to be prescient for Berkshire Hathaway’s much-derided purchase of stakes in Japan’s trading houses.
Berkshire Hathaway (BH) bought just over 5% apiece of Mitsubishi Corp, Itochu, Marubeni, Sumitomo and Mitsui, with the potential to climb to 9.9%.
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