Investor Presentaiton
Warren Buffett's "Buy Japan" Playbook
+ Discounted relative valuations compelled Warren Buffett to initiate a 5% stake in
five Japanese trading houses in August of last year
+ Since his investment, the Topix Index (in yen) outperformed the S&P 500 by over
400 basis points, and the average return on his investments has been 39.43%
Total Return - 8/28/20 - 4/15/21
Marubeni Corporation
Mitsubishi Corporation
Itochu Corporation
Mitsui & Co.,Ltd
Sumitomo Corporation
Topix Index
36.66%
36.26%
34.02%
29.36%
24.39%
60.88%
S&P 500 Index
20.07%
0.00% 10.00% 20.00% 30.00% 40.00% 50.00%
60.00% 70.00%
Source: Wisdom Tree, FactSet, S&P. Total returns based on gross total returns in local currency. You cannot invest directly in an index. Past performance is
not indicative of future returns.
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