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Stocks A to Z / Stocks B / Berkshire Hathaway (BRK.A) ❤
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Author: nola622 ✶  😊 😞
Number: of 15063 
Subject: Re: BRK borrowing Yen again
Date: 04/26/2024 6:33 PM
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One more thing to note, National Indemnity owns the 5 Japanese "sogo shosha" stocks but has never shown much Japanese currency on their balance sheets and doesn't have accounts listed at any Japanese banks so I believe Berkshire converts the Yen bond proceeds into Dollars and only back into Yen as buy orders clear with Berkshire's go-to broker Wallachbeth Capital. Or, I should say, Warren's preferred broker lately. Ted Weschler tends to trade through a woman-owned broker dealer named Glen Eagle Wealth.

That way, the cash proceeds from the bonds can earn t-bill interest in dollars while the slow pace of buying unfolds.
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