Buying stakes in five Japanese conglomerates was a classic Warren Buffett move: Find companies that trade at a discount, pay healthy dividends and might offer less risk than is commonly perceived
Mr. Buffett celebrated his 90th birthday on Sunday—Monday Japan time—by disclosing Berkshire Hathaway Inc. investments of 5% each in conglomerates that have histories longer even than his own legendary career as a value investor.
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