Berkshire probably will hold the shares of the five Japanese trading companies for the “next 50 years,” CEO Warren Buffett told the crowd at the company’s annual meeting.
Those holdings, which totaled about $24 billion at the end of last year, are close to the 10% limit that Berkshire has agreed to. Buffett said limit could be relaxed somewhat.
Buffett said: “Size is an enemy of performance at Berkshire.”