Buffett Sees ‘Buying Opportunity’ in Stricken Japan |
New York Times - Mar 21, 2011 |
Major Japanese stock indexes plunged last week in days of frantic trading, with the Nikkei 225 stock average ending the week down more than 10 percent. But at least one prominent investor says the market has gotten it wrong.
Warren E. Buffett, chairman of Berkshire Hathaway and one of the world’s wealthiest investors, told Reuters on Monday that the fall in the market represented a buying opportunity because Japan would bounce back.
“It will take some time to rebuild, but it will not change the economic future of Japan,” Mr. Buffett said during a visit to Daegu, South Korea, after which he was to meet with Lee Myung-bak, the South Korean president.
“If I owned Japanese stocks, I would certainly not be selling them.”
Read Full Article from New York Times
- Posted: 2011-03-21 10:56:08
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