Emulate Buffet and invest in Japan says Wisdom Tree Global CIO

Speaking to CNBC’s Squawk Box on March 27th, Wisdom Tree Global CIO Jeremy Schwartz shares his thoughts on why he agrees with Berkshire Hathaway chair & CEO Warren Buffet when it comes to investing in Japan.

 Key Takeaways:

• Buffett is increasing Berkshire’s investments in Japan, particularly in the five major trading companies (Sogo Shosha).

• He reduced his holdings in Apple due to high valuations and slowing growth.

• His increased stakes in the Japanese trading companies are just under 10% but has indicated Berkshire may go beyond that in the future.

• They generate high cash flow and distribute substantial dividends, making them attractive investments.

• Buffett’s strategy aligns with global investor expectations—prioritizing shareholder returns through dividends and buybacks rather than hoarding cash.

• His investments serve as an example of Japan’s evolving corporate governance, encouraging better capital efficiency and shareholder returns.

As a reminder of why Berkshire thought Japan’s trading houses were a fit see below Berkshire Hathaway AGM from 2023, the last with Charlie Munger, discussing why they took the plunge in the first place. 

Should the video not start as intended, the Japan part begins at the 1 hour 55 minute mark. 

Further Reading: 

Warren Buffett is investing more money in Japan amid the recent selloff in the U.S. stock market (Fortune; March 17th, 2025)