Subject: Re: Bought 2.5% of Tokio Marine
I wondered if stock price was affected by recent Iran war and closure of Hormuz Strait.

Stock price is down by about 9-10% after start of the war. I doubt that was the reason for Berkshire making the bid. They must have been evaluating the company and liked it enough to want to invest in and partner with it. The fall in stock price must have been a pleasant bonus.


It's maybe worth noting that the Nikkei is down 13% since the start of the war, so the market doesn't seem to be punishing Tokio Marine because it's name makes it sound like it is heavily exposed to maritime insurance.

DTB