Buffett's Legacy: Uncovering the Future of the Japanese Market
On June 30, Nikkei CNBC aired a special program titled "Buffett's Legacy: Uncovering the Future of the Japanese Market," which will be available on their official YouTube channel on July 8 at 6 PM. This program dives deep into the implications of Warren Buffett's announcement that he will step down as the CEO of Berkshire Hathaway, a company he has remarkably guided through the tides of the stock market.
During the Berkshire Hathaway shareholder meeting, Buffett discussed his significant investments in Japanese trading firms, noting that these are "super long-term investments." His insightful remarks raise hopes for the future of the Japanese market. The special features interviews with key figures in the investment community, including Shuhei Abe, the president of Sparks Group, and Kazunari Okuno, the Chief Investment Officer of Norinchukin Value Investments.
The program's focus is primarily on investigating the contributions Buffett has made to the stock market and how they reflect on Japan's economic landscape. As a longstanding advocate of value investing, Buffett’s endorsement of Japanese trading firms signifies confidence in their potential for growth. Shuhei Abe, who has been influenced by Buffett since the inception of Sparks Group in 1989, along with Kazunari Okuno, engage in a discussion about Buffett's investment philosophy, reviewing his contributions while contemplating the future of the Japanese market.
Guest Speakers
Shuhei Abe
Sparks Group President
Shuhei Abe graduated with a degree in Economics from Sophia University and obtained his MBA from Babson College in Boston, USA. His career commenced at Nomura Research Institute, followed by overseas experiences at Nomura Securities International, where he later founded Abe Capital Research in New York in 1985. He worked alongside George Soros in managing the Quantum Fund. After returning to Japan, he established Sparks Investment Advisory, which eventually became the Sparks Group, listing on the stock exchange in 2001.
Kazunari Okuno
Chief Investment Officer of Norinchukin Value Investments
Kazunari Okuno holds a degree in Law from Kyoto University and completed an MSc in Finance at the London Business School. He began his career at the Long-Term Credit Bank of Japan in 1992, subsequently working at Long-Term Credit Securities and UBS Securities before joining Norinchukin Bank in 2003. Since 2007, he has been managing the "Long-Term Select Investment Fund," solidifying his reputation as a long-term investor.
Moderators
Two prominent figures, Masaki Morita and Asako Sakamoto, facilitated the discussion. Morita, a Nikkei CNBC anchor, has reported extensively on securities and international political economics for The Nikkei. Asako Sakamoto has transitioned from news anchoring at NHK and Nagano Broadcasting, becoming an influential voice at Nikkei CNBC.
Upcoming Program
An exciting sequel to "Buffett's Legacy" is scheduled for this autumn, exploring Buffett's substantial investments in Japan's top trading companies. In this anticipated follow-up, the discussion will focus on Buffett's investment methodologies, guiding viewers through the potential choices he might make if re-investing in Japan today.
About Nikkei CNBC
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Nikkei CNBC's official site.
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