Buffett Searching Israel for New Acquisitions
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CONTRIBUTOR: From Yaser Anwar (http://equityinvestmentideas.blogspot.com/): Billionaire investor Warren Buffett is on the look out for new acquisitions in Israel.
Buffett is set to reach Israel this Sunday for a 3 day visit. The Oracle of Omaha is scheduled to tour Tefen-based Iscar Metalworking, the company his company, Berkshire Hathaway (NYSE: BRK.a), bought 80% of earlier this year. Iscar was Berkshire�s first acquisition outside of the US.
Buffett is looking to diversify his holdings outside of the U.S. Buffett is a strong believer that the value of the U.S. dollar will depreciate over the long-term.
When he bought the controlling stake in Iscar, Buffett told the Israeli financial daily The Marker that he would visit Israel later in the year for a tour of Iscar and to see if there were "any other pearls out there."
He told the paper, "If your readers know a company that resembles Iscar, even a little, have them call me immediately. I want to buy. Let them call me collect."
Buffett is set to reach Israel this Sunday for a 3 day visit. The Oracle of Omaha is scheduled to tour Tefen-based Iscar Metalworking, the company his company, Berkshire Hathaway (NYSE: BRK.a), bought 80% of earlier this year. Iscar was Berkshire�s first acquisition outside of the US.
Buffett is looking to diversify his holdings outside of the U.S. Buffett is a strong believer that the value of the U.S. dollar will depreciate over the long-term.
When he bought the controlling stake in Iscar, Buffett told the Israeli financial daily The Marker that he would visit Israel later in the year for a tour of Iscar and to see if there were "any other pearls out there."
He told the paper, "If your readers know a company that resembles Iscar, even a little, have them call me immediately. I want to buy. Let them call me collect."
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