Berkshire Usually Doesn’t Hedge Its Currency Risk. There Was an Exception.

Berkshire Usually Doesn’t Hedge Its Currency Risk. There Was an Exception.

CEO Warren Buffett was asked whether Berkshire plans to hedge its currency risk, fixed the dollar’s diminution this twelvemonth and imaginable moves by the U.S. to further weaken the dollar.

The company, Buffett said, mostly doesn’t hedge but did hedge its concern successful Japanese trading companies that totaled $24 cardinal astatine year’s end. Berkshire was capable to get cheaply successful yen to offset the currency risk.

He said the yen’s rally depressed net successful the archetypal 4th but the currency whitethorn bounce around.