By Daily Crux Editor Sean Goldsmith:
Warren Buffett is always looking for cheap companies to add to his portfolio, and Eitan Wertheimer, Buffett's "travel agent" for finding opportunities outside the U.S., wants to bring the Oracle to Japan.
Buffett wants to diversify outside the U.S. as our government is printing trillions of dollars and ballooning the federal deficit - ensuring eventual disaster for our economy. Japan, whose market has moved sideways for over a decade, undoubtedly offers lots of undervalued equities and real estate.
"I hope in a year from now to bring Warren over," Wertheimer said. "I was talking with him about it." Buffett already owns Tungaloy Corp., a Japanese drill bit manufacturer.
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