Warren Buffett stated at the May 4 Shareholder Meeting that the United States will remain Berkshire Hathaway’s main investment hunting ground. “If we do make a big investment, it is likely to be in the United States,” stated Buffett, as published by Mint. “We have preferred to largely invest in the US, companies here are unmatched. We did commit to Japan because it was overwhelmingly compelling.”
He added, “United States rules, weaknesses, and strengths…but I don’t have the same feeling for economies around the world. I don’t pick up on other cultures that well.”
Buffett mentioned that Coca-Cola, a well-liked soft drink brand, is present in more than 170 nations. Additionally, Buffett conveyed his utmost contentment with their investments in Japan.
Engagement in China
Buffett has primarily kept his attention on the home market, even in light of Berkshire’s recent acquisitions in Japan. His 2008 investment in BYD, which was predicted to grow into one of the biggest automakers in the world, was one notable exception. Nonetheless, Berkshire Hathaway has progressively decreased its ownership of BYD.
Based on total sales, BYD is the leading automaker in China. However, a global slowdown in the development of EV sales and problems unique to BYD have made it difficult for the business to reach its goals.
