Warren Buffett’s company, Berkshire Hathaway, has raised $628 million by issuing samurai bonds on Friday, despite the market turmoil caused by Trump's tariffs. The issuance, divided into six tranches ranging from 3 to 30 years, offered a higher premium compared to a similar offering in October of the previous year. Other Japanese companies, such as Asahi Group, Suntory Holding, and Myomotsu Men, have postponed similar bond issuances due to market volatility. Buffett's move has garnered significant attention and sparked extensive discussions in the financial world. Known for his calm and strategic approach during market upheavals, this bond issuance is seen as a preparatory step for potential large-scale acquisitions during market downturns. Over the past year, Berkshire's cash and Treasury bill holdings have nearly doubled to over $320 billion. The company has also reduced its stakes in Apple and Bank of America and ceased stock buybacks, further bolstering its cash flow. Buffett's interest in the Japanese market began in 2019 when Berkshire started issuing samurai bonds to finance its investments in the five major Japanese trading companies: Itochu, Marubeni, Mitsubishi, Mitsui, and Sumitomo. These companies attracted Buffett due to their undervalued stock prices, effective capital utilization, and high management quality, as well as shareholder-friendly policies. By the end of last year, these investments had grown by 70%, reaching $23.5 billion from an initial investment of $13.8 billion. Buffett anticipates that these investments will generate $812 million in dividends this year, significantly more than the $135 million in interest expected to be paid on the samurai bonds. In March 2023, Berkshire increased its holdings in these five companies after they agreed in February to allow Berkshire to raise its stake in each to over 10%. Buffett stated that his long-term investment plans in these companies will be carried forward by his successor, Greg Abel, and subsequent management for “decades.” 行業内部人士对 Buffett 的这一举动给予了高度评价。前法国兴业银行美国宏观策略主管、《熊市陷阱报告》的作者 Larry McDonald 在社交媒体上表示：“Buffett 准备充分，以利用市场低迷大量购入资产。”他进一步解释说，Buffett 通过借入日元资金，能够在市场下跌时以更低的成本获得更多的投资机会。 Berkshire Hathaway 是一家总部位于美国的多元化控股公司，由 Warren Buffett 和 Charlie Munger 共同创立。公司旗下拥有多个重要企业，涉及保险、铁路、能源等多个行业。Buffett 以其深思熟虑的投资策略和长期稳定的回报而被誉为“股神”。他在市场动荡中冷静操作的能力，再次证明了他独特而敏锐的市场洞察力。 Industry insiders have highly praised Buffett's move. Larry McDonald, the former head of U.S. macro strategy at Société Générale and author of "Bear Traps Report," commented on social media, “Buffett is gearing up to take advantage of market downturns and make big investments.” He elaborated that by borrowing yen, Buffett can secure more investment opportunities at lower costs when the market declines. Berkshire Hathaway is a diversified holding company based in the United States, co-founded by Warren Buffett and Charlie Munger. The company owns significant enterprises across various sectors, including insurance, railroads, and energy. Buffett is renowned for his thoughtful investment strategies and long-term stable returns, earning him the nickname “Oracle of Omaha.” His ability to maintain a calm and strategic approach during market turmoil once again demonstrates his unique and insightful market acumen.