Why did warren buffett invest 250 million dollar's in byd ? any thing that buffett saw -the other's didnt see?
103 Views
Posted by Mukund in Investment on Jul 08, 2010
- The idea came to Charlie Munger (Berkshire's Vice Chairman) from Li Lu who is an investor. They then sent David Sokol (chairman of Berkshire's energy subsidiary) to China to visit BYD because Sokal has experience with battery technology and energy. They were so impressed with BYD and especially its chairman Wang Chuanfu, that they made the decision to invest. Munger speaks very highly of Wang Chuanfu and his ability to get things done. Says he's a combination of Thomas Edison and Jack Welch. Munger says that BYDs work with batteries and capturing energy (largely solar) could make the world better place, and that BYDs future may be more so in the energy field than in the auto field. You can listen to Munger by viewing interviews at Youtube etc.
- BYD has clear strategies to go on Hybrid car, they aimed to be the first and biggest player who seriousely doing it by using only half cost than others. so once the fuel price rise again then they will be one of the first choice in Chinese and emerging market.
- Money
- Http://stocks.investopedia.com/stock-analysis/2010/Four-Gaming-Companies-With-Intriguing-Shareholders-FLL-CHDN-MGM-MPEL-BYD0617.aspx?partner=YahooSA
- Buffet avoids high tech stocks, he looks on predictable stable markets for companies where their assets outweigh the current market valuation. source please?
- Bookmark and Share it on
-
Recent In Investment
- Do I buy new investments or complete a transfer "in kind"?
- What's the difference between Quoted and Unquoted shares?
- Can anybody please give any information regarding Share Holding Corporation of India Ltd (SHCIL)?
- Is investing for a living ok with a decent paying job?
- Ask/Bid spread during market close?
- What Bank is right for me?
- When should I short 30 year treasuries?
- How to cash in stock with a company?
- What are the best iPhone apps for push notification of stock alerts (accuracy of quotes, speed)?
- Are the prices specified on commodity stock exchanges CIF or FOB?
Popular In Investment
- Why did warren buffett invest 250 million dollar's in byd ? any thing that buffett saw -the other's didnt see?
- Before investing in share market which book or website i should refer for understanding it?
- Is bp a good stock to buy for long term?
- Just Retired $750,000 to invest . Help?
- Forex Trading Losses?
- How do I make a TD Ameritrade account with less than $2,000?
- NSC encash at diffarent post pfffice or at same post office where we took?
- Should i invest into 401k in hopes to get a fast return OR invest so that i get a good chunk for retirement?
- Is it good to invest in stock market right now?
- Has anybody ever withdrew money from their roth ira if so how long did the process take?