Five venerable Japanese companies were sitting in the bargain bin in plain sight. It took a 90-year-old Warren Buffett to scoop them up.
Mr. Buffett celebrated his 90th birthday on Sunday—Monday Japan time—by disclosing Berkshire Hathaway Inc. investments of 5% each in conglomerates that have histories longer even than his own legendary career as a value investor. Berkshire bought stakes in ItochuCorp., Mitsubishi Corp., Mitsui & Co., Sumitomo Corp. and Marubeni Corp.
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