#اخبار_عن_ملياردير
In 2020, Warren Buffett succeeded in a rare low-risk, high-reward bet by borrowing 4 billion dollars in Japanese yen at an interest rate of about 0.5%, and using it to buy stakes in five major Japanese trading companies: Itochu, Marubeni, Mitsui, Mitsubishi, and Sumitomo. This move, revealed on his ninetieth birthday, cost about 6 billion dollars, and its value has since doubled to approximately 12 billion dollars.
The fund manager, Mohanish Bapray, described it as an "intuitive idea" with "infinite yield," noting that the total return on dividends and buybacks was around 8%. This means annual returns of nearly 480 million dollars against just 30 million dollars in interest costs. Because Buffett financed most of the purchase with debt, his small equity stake quickly covered its costs through dividends alone.
The trading companies continue to trade at low valuations with strong cash flows, making them attractive long-term investment options. Buffett praised their discipline and sees them as a smart contrast to the overvalued U.S. markets.
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