And it's been fascinating, and we feel even better about – we couldn't feel better about the investment. And so, we got on a NetJets plane and plug, and flew over, and we have had a terrific time meeting each of the five sequentially over the last two days. And we now own 7.4% of each of the companies, and I just – Greg and I together, we wanted to come over and talk to them. I think their dividends, on average, have gone up 70% or something like that. And they all welcomed us in, and their results have exceeded our expectations since we purchased the group. I wrote a letter to the CEOs of each of the companies saying the same thing – that we would never buy – Berkshire would never buy more than 9.9% without their consent, and that was my word. So, we announced at that time that we bought this 5% interest in each of the five. And we had bought just somewhat over 5% of each company, and we were buying identical amounts. And so, I started buying all five of the five largest trading companies and by my 90th birthday, August 30th of 2000 – whatever it was – ![]() Somewhat similar to Berkshire in that they owned lots of different interests and they were selling at what I felt was a ridiculous price, particularly the price compared to the interest rates prevailing at that time. They were companies that I generally understood what they did. And I just thought these were big companies. WARREN BUFFETT: Well, the investments began maybe close to four years ago, and I was looking at company after company, as I do every day. But why did this trip happen, and why did those investments happen to begin with? Those are the people you've been talking to. Warren, you've spoken to a couple of outlets over the last couple of days just about the trading houses that you've purchased. We're going to talk to them about everything business related – the economy, the Fed, what's happening with the banking system – but we really want to start with why you're here in Japan- why this trip is happening. It's great to see both of you.īECKY QUICK: All right, so let's talk, first of all I mean, I'll just lay this out for everybody. He's been here since Monday and they've been busy. And they're in Japan – maybe the last place you would have expected to find Warren Buffett. And, yes, we are here with two very special guests this morning, Warren Buffett and Greg Abel, both of Berkshire Hathaway. Personal Loans for 670 Credit Score or LowerīECKY QUICK: Well, Andrew, good morning. Personal Loans for 580 Credit Score or Lower ![]() Best Debt Consolidation Loans for Bad Credit
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