Buffett Takes On Japan: But Does “Value“ Still Exist?
Buffett Takes On Japan: But Does “Value“ Still Exist?
(Original Caption) Illustration depicting Commodore Matthew Perry (1794-1858) meeting the royal ... [+] commissioner at Yokahama, 1853. Undated painting.
Bettmann Archive
“Japan's sogo shosha …Japan's trading companies… swashbuckling adventurers, the original globalizers of Japan... Their interests extend worldwide from snowboards, silk scarves and souvenir banana cakes to hydroelectric megaprojects, chemical plants and oil exploration. One of them is the world's biggest handler of endangered bluefin tuna; another had its management system forged in a Siberian prison. One has just installed garden swing-chairs to help its executives think; another was responsible for one of history's worst trading scandals. A fifth has Botticelli's La Bella Simonetta hanging outside its boardroom. But as of this week, the five biggest — Mitsubishi, Mitsui, Itochu, Marubeni and Sumitomo
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