Subject: Re: Return OF Capital
The Annual Report had good things to say about the investment in Japanese companies. There are US brokerages that allow you to invest on the Tokyo exchange. Berkshire is currency neutral - borrowing in Yen as high as their investment in Yen, that part isn't easy for a individual investor to copy. But if you share the concerns on the US economy, and are worried about your position as a US citizen, you'd stand to gain if the US dollar moves down vs the Yen. I wish my IRA, where I hold most of my investments, had access to the Tokyo exchange.