34 days ago • Posted by William Ramstein

Buffett's Sumitomo falls behind the Nikkei 225 index

Sumitomo and its peers tend to have portfolios involved heavily in energy, mining and infrastructure, some investments which are endangered by the rapid increase in renewable energy adoption. Sumitomo has trailed the broader market (Nikkei 225), Buffett owns 5% of the company. Source: WSJ