Berkshire Hathaway CEO Greg Abel CNBC interview: Not a single trading company in Japan raised JGBs as a fundamental challenge right now
Mr. Abel said:
- He sees Japan trading houses as a long-term holding (MITSY, ITOCY, MSBHF)
- He met with each of the trading houses to build the relationship.
- The transaction with Tokyo Marine (TKOMY) will be a broad strategic partnership.
- Not a single trading company in Japan raised JGBs as a fundamental challenge right now; they see it as very manageable.
- The company will raise debt as appropriate in yen.
- He has a great working relationship with Warren Buffett.
- Buffett initiated a position in Google (GOOG, GOOGL) 15 months ago. In late May, he received a call to paratincipate in the equity offering.
- About 8% of electric load came from data centers.
- Berkshire has not had any data center site rejected.
- The company has a long-term view on the housing market.
- Business is very strong across the board, including in manufacturing
- There is a consumer that is still feeling the pain from inflation, but the fundamentals around the economy remain very strong