In a candid exchange with MBA students at the University of Florida back in 1998, Warren Buffett famously remarked on the paradox of Japan's investment landscape.
“Berkshire Hathaway can borrow for 10 years at 1% in Japan. All I have to do is beat 1% and that's all the money it's going to cost me,” Buffett said. He continued, “ So far, I haven't found anything. Japanese companies earn very low returns on equity. But as long as money is 1%, I'll keep looking.”
