But Buffett has found one set of companies that are big enough to absorb a significant amount of capital from Berkshire. And he deployed over $400 million worth in late August. That's when the company added to its stakes in Mitsubishi (OTC: MSBHF) (OTC: MTSU.Y) and Mitsui (OTC: MITSY) (OTC: MITSF), two of the five big Japanese trading houses, which also includes Itochu , Sumitomo , and Marubeni . The trading houses are massive conglomerates with businesses in just about every industry you can think of.As ea ...

The Bandra Kurla Complex financial district in Mumbai. High-speed trading firms are rapidly increasing pay for entry-level jobs in India, brushing off a regulatory crackdown on the world’s biggest equity derivatives market. Most Read from Bloomberg Amsterdam-based IMC Trading BV has offered interns in India up to 1.25 million rupees a month ($14,182) this year, a threefold jump from 2024, according to people familiar with the matter. Quadeye, one of the biggest recruiters locally, paid newbies up to ...

Group 1 - eToro Group Ltd. is recognized as a promising stock with significant upside potential, despite a recent price target reduction by Citi analyst Christopher Allen from $62 to $57, maintaining a Neutral rating due to broader caution in retail trading [1][3] - In Q2 2025, eToro reported a 31% year-over-year increase in adjusted EBITDA, reaching $72 million, attributed to higher revenue and effective cost management, alongside a 14% increase in funded accounts to 3.63 million [2] - eToro has expanded its trading offerings by launching 24/5 trading for 100 US equities and increasing its US crypto assets to over 100, while also introducing AI-powered tools and portfolios, including an AI analyst named "Tori" [3] Group 2 - eToro operates a multi-asset trading platform that supports various asset classes, including equities, crypto assets, commodities, currencies, and options, allowing trading as both assets and derivatives [4]

Mergers and Acquisitions - Kraken acquires Breakout, a proprietary trading startup [1] Investment and Funding - Breakout backs traders with up to $200 thousand in capital [1]

Hudson River Trading’s trading revenue more than doubled in the second quarter as volatile markets continued to benefit firms that handle orders across the globe https://t.co/6tOd4AR1nN ...

Core Points - Ningxia Tingzenghui Trading Co., Ltd. has been established with a registered capital of 200,000 RMB [1] - The legal representative of the company is Zhou Zhaoting [1] Business Scope - The company engages in a variety of activities including sales of electronic products, computer system services, and maintenance of computer and office equipment [1] - It also focuses on software sales, development, and outsourcing services, as well as artificial intelligence software and hardware development [1] - The company is involved in the sales of intelligent manufacturing equipment, smart instruments, and home consumer devices [1] - Additional activities include sales and installation services for household appliances, communication equipment, furniture, and sports equipment [1] - The company is authorized to conduct business activities independently based on its business license, except for projects that require approval [1]

Group 1 - Berkshire Hathaway (BRK.B) increased its stake in Mitsubishi Corp. to 10.23%, up from 9.74%, indicating ongoing expansion in Japan [1][8] - The total investment cost in Japanese firms is $13.8 billion, with a market value of $23.5 billion by the end of 2024, reflecting significant growth [2][8] - Berkshire expects to receive $812 million in annual dividends in 2025 while incurring only $135 million in interest expenses from yen-denominated bonds [4][8] Group 2 - Corporate governance reforms in Japan have improved transparency and capital efficiency, making Japanese companies more appealing to foreign investors [3] - Japanese companies are trading at lower valuations compared to U.S. companies, enhancing their attractiveness for investment [3] - Berkshire's strategy of issuing yen-denominated bonds has limited currency exposure and leveraged Japan's low-cost debt environment [4] Group 3 - MetLife has established a strong presence in Japan, particularly after acquiring Alico in 2010, which positioned it as a leader in the life insurance sector [5] - Aflac has invested in startups through Aflac Ventures Japan and converted its Japanese branch into a subsidiary, highlighting its commitment to the Japanese market [6] Group 4 - BRK.B shares have gained 11.3% year to date, outperforming the industry [7] - The price-to-book value ratio for BRK.B is 1.61, slightly above the industry average of 1.56 [9] - The Zacks Consensus Estimate for BRK.B's third-quarter 2025 EPS remains unchanged, while the fourth quarter estimate increased by 14.1% [10]

Bitcoin ETF Holdings - Trading firm Jane Street's Bitcoin ETF holdings increased to $34 亿 (3.4 billion)[1] Market Accumulation - Wall Street is quietly accumulating Bitcoin ETFs[1]

Group 1 - Berkshire Hathaway has been increasing its stakes in five Japanese companies since July 2019, with an aggregate investment cost of $13.8 billion and a market value of $23.5 billion by the end of 2024 [1][8] - The Japanese companies involved operate in diverse sectors such as energy, commodities, logistics, and technology, and are known for their prudent management and shareholder-friendly practices [1][2] - Corporate governance reforms in Japan have improved transparency and capital efficiency, making these companies more attractive to foreign investors [2] Group 2 - Berkshire Hathaway has strategically issued yen-denominated bonds to limit currency exposure and benefit from Japan's low-cost debt environment, expecting $812 million in annual dividends in 2025 against $135 million in interest expenses [3][8] - Favorable yen-dollar movements have contributed to additional after-tax gains for Berkshire [3] - The investments provide Berkshire with exposure to Japan's industrial and resource networks, enhancing recurring income and geographic diversification [4] Group 3 - MetLife has established a strong presence in Japan's life insurance sector, particularly after acquiring Alico in 2010 [5] - Aflac has focused on innovation in Japan through Aflac Ventures Japan, investing in HealthTech and InsurTech startups [6] Group 4 - Berkshire Hathaway's BRK.B shares have gained 7.9% year to date, outperforming the industry [7] - The stock currently trades at a price-to-book value ratio of 1.57, slightly above the industry average of 1.54 [10] - Consensus estimates for BRK.B's EPS for 2025 and 2026 indicate a decline for 2025 but an increase for 2026 [12]

Core Insights - Warren Buffett plans to retire at the end of the year after leading Berkshire Hathaway for 60 years, achieving a 19.9% compounded annual gain since 1965 compared to the S&P 500's 10.4% gain [1][2] Berkshire Hathaway's Performance - Berkshire Hathaway has seen an overall gain of 5,550,000% since Buffett took over, while the market gained 39,000% [2] Investment Strategy - Buffett has invested in five Japanese trading houses: Itochu, Marubeni, Mitsubishi, Mitsui, and Sumitomo, which operate in diverse sectors such as industrial metals, energy, and healthcare [5][6] - These companies share similarities with Berkshire Hathaway's origins and have shown strong financial performance, leading Buffett to express admiration for their management and capital deployment [6][7] - Berkshire's holdings in these Japanese companies represent a small portion of its total portfolio, valued at $1.05 trillion, with the trading houses collectively valued at $28.6 billion, or 2.7% of Berkshire's holdings [7][8] Future Prospects - Berkshire Hathaway is likely to increase its stakes in the Japanese trading houses as the companies relax their ownership ceilings, providing U.S. investors with opportunities for diversification and consistent dividends [8][9] Stock to Avoid - Charter Communications has seen a 21% decline in stock value this year, primarily due to disappointing earnings, reporting revenue of $13.7 billion, a mere 0.6% increase year-over-year, and earnings per share of $9.18, below the expected $9.58 [11][12] - The company struggles with revenue growth, with projections of only 2% growth over the next two years, and its cable service revenue dropped by 9.9% [13] - Charter does not pay dividends, contrasting with Buffett's investment philosophy of favoring dividend-paying stocks [14][15]