Buffett Values Germany's Robustness and Risk Resistance
The media recently reported that a German Berlin real estate brokerage firm is joining Berkshire Hathaway, a Warren Buffett real estate brokerage firm, as the latter's first international franchiser. Berkshire Hathaway Home Services, a real estate brokerage network owned by Berkshire Hathaway, announced that Rubina Real Estate GmbH, headquartered in Berlin, has been included in the company's franchise network and will be renamed BHHS Rubina Real Estate next month. It is reported that Berkshire Hathaway's real estate business, including its own brokerage business and franchise business. According to its annual report, the business’s profit last year was US$220 million, compared with US$225 million in the previous year. Peter, senior vice president of international business at Berkshire Hathaway Home Services, said that Germany is a market that Berkshire Hathaway attaches great importance to, so the company believes that the real estate business brand will win the resonance of consumers in Germany, and is welcomed. "Legendary Investor" Buffett, who always admits that he likes Germany's, has already put investment tentacles toward Germany. In recent years, Berkshire Hathaway has made two acquisitions in Germany and is still seeking more opportunities. Last year, German special chemicals manufacturer LANXESS disclosed that Berkshire Hathaway has acquired 3% of its shares. Buffett had previously said in an interview with German media that he wanted to make more acquisitions in Germany. Buffett and the German economy have many things in common. They are all focused on industry, and at the same time, they have maintained strong stability and resistance to risk when other investors or other countries suffered setbacks.