This podcast episode provides an overview of Mitsubishi Corp, a Japanese trading house that is part of the Mitsubishi family of companies. It explores the history and evolution of Mitsubishi, highlighting its adaptability, collaboration with the Japanese government, and enduring partnerships. The episode also discusses the impact of Berkshire Hathaway's investment in Mitsubishi, the company's capital allocation strategy, and its non-resource business. Overall, Mitsubishi Corp is a well-managed business with a strong global presence, a diversified and ultra-conservative balance sheet, and a clear path toward improving capital efficiency and shareholder returns.
