Warren Buffett Prefers Japan Over Taiwan Amid Geopolitical Tensions

1 min read
Source: Hollywood Reporter
Warren Buffett Prefers Japan Over Taiwan Amid Geopolitical Tensions
Photo: Hollywood Reporter
TL;DR Summary

Warren Buffett expressed concern over Paramount's recent dividend cut but remains invested in the company. He sees the streaming wars as a long, drawn-out, and potentially bloody battle for "eyeballs." Buffett compared the situation to his experience owning a gas station, where profits were determined by a larger station down the street. He believes that fewer companies or higher prices are necessary for the streaming business to work. Berkshire Hathaway owns about 94 million Paramount shares, currently valued at about $1.6 billion.

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