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| | Buffett says Japan quake presents buying opportunity
Posted: 21 March |
SEOUL: US billionaire investor Warren Buffett said on Monday that a massive natural disaster would not hamper the future of the Japanese economy and could prompt a new bout of stock buying.
"I'm not looking at Japan's economic future differently from 10 days ago... extraordinary events offer (a) buying opportunity," he told reporters.
Buffett, the chairman of investment firm Berkshire Hathaway, was visiting South Korea to attend a ground-breaking ceremony for a local unit of Israel's Iscar Metalworking Companies, 80 per cent owned by Berkshire Hathaway.
Japan's Nikkei index lost around 10 per cent in the week following the devastating March 11 quake and tsunami.
Buffett, however, urged against selling Japanese stock -- markets were closed in Tokyo on Monday -- and said Japan would recover relatively quickly, Yonhap news agency said.
The disaster, which has left 8,649 people dead and 13,262 missing, could cost the Japanese economy up to $235 billion, the World Bank said Monday.
Growth, however, should pick up in subsequent quarters "as reconstruction efforts, which could last five years, accelerate", it said.
Buffett, known as the "Oracle of Omaha" for his investment savvy, said Berkshire was seeking further acquisitions worldwide including South Korea following its $9 billion purchase of US lubricant maker Lubrizol.
"We're looking at a number of big businesses in Korea, the US, the UK. We hope to find good companies wherever they may be. Basically, it's the bigger, the better," he said.
The tycoon also played down military and nuclear threats from North Korea, saying the communist country "isn't a big threat" to the firm's investment in the capitalist South.
Buffett was scheduled to meet with South Korean President Lee Myung-Bak later Monday.
- AFP/fa
首尔:美国亿万富翁投资家沃伦巴菲特周一表示,一个巨大的自然灾害不会妨碍日本经济的未来,有可能引发一场新一轮的股票购买。
“我不看日本的经济前景,从10天前...提供非同寻常的事件(一)不同的买入机会,”他对记者说。
巴菲特的伯克希尔哈撒韦投资公司董事长,访问韩国,参加了以色列的伊斯卡金属加工公司地方单位,每所拥有的伯克希尔哈撒韦公司百分之八十奠基仪式。
日本的日经指数下跌了大约百分之十的一周后,3月11日灾难性地震和海啸。
巴菲特,但是,要求对销售日本股市 - 东京股市周一收 - 并表示日本将恢复比较快,韩国联合通讯社说。
此次地震,留下了8649人死亡,13,262失踪,日本经济可能成本高达2,350亿美元,世界银行周一表示。
不过,发展应该选择在随后的宿舍“的重建工作,这可能会持续五年,加快”上,它说。
巴菲特,被誉为“奥马哈先知”,因为他知道精明的投资,伯克希尔说是全球范围内寻求更多的收购后,包括韩国的90亿美元购买美国路博润润滑油生产商。
“我们正在寻找一个大企业在韩国,美国,英国。人数,我们希望能找到好的公司无论他们在哪里。基本上是越大越好,”他说。
这位大亨也发挥了来自朝鲜的军事和核威胁,称这个共产主义国家“不是一个大威胁”,该公司在资本主义韩国的投资。
巴菲特将会见韩国总统李明博周一稍后。 |
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