Japanese Companies with Solid Returns and Understandable Business Operations

Charlie asked about the Japanese business opportunity, which Warren Buffett found simple and interesting. There were five reputable companies that they had previously done business with and understood well. These companies were earning a 14% return, paying decent dividends, and repurchasing shares. They owned a variety of businesses that made sense as a group. Buffett saw the opportunity to eliminate currency risk by financing, with a minimal cost of half a percent.