Buffett's Berkshire totally exits its profitable stake in Chinese EV maker bought because of Munger

Berkshire Hathaway Inc News

Buffett's Berkshire totally exits its profitable stake in Chinese EV maker bought because of Munger
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Berkshire Hathaway has completed exited its extremely profitable equity investment in the Chinese electric vehicle maker BYD.

That followed a 41% jump in the value of the position during that year's second quarter to $9 billion.By crossing below that level, Berkshire no longer had to disclose subsequent sales under the Hong Kong exchange's rules, so as far as we knew the company owned 54 million shares.

by Berkshire Hathaway Energy, the subsidiary that held the shares, listed the value of the investment as zero as of March 31.Based on the investment values listed in BHE's reports, the sales continued after the stake fell below 5% last year.At the 2009 annual meeting, he told shareholders that even though it looked like "Warren and I have gone crazy," he saw the company and its CEO, Wang Chuanfu, as It was an incredible call. BYD shares increased by roughly 3890% during the years Berkshire owned them.that BYD is an "extraordinary company" being run by an "extraordinary person," but "I think that we'll find things to do with the money that I'll feel better about."as he "reevaluated" the geopolitical risk posed by Beijing's claim that Taiwan is part of China. "It's a dangerous world," he said.that some people get "sustainably mad" and "take it out on our companies," potentially harming employees and shareholders. It is, however, reasonable to assume that he doesn't see eye-to-eye on most issues with President Donald Trump.Buffett, who famously favors making decisions for the long run, has strongly urged companies to stop providing quarterly earnings-per-share guidance.says, "In our experience, quarterly earnings guidance often leads to an unhealthy focus on short-term profits at the expense of long-term strategy, growth and sustainability." That happens, they said, when companies cut back on long-term beneficial spending to meet or beat their own short-term forecasts when earnings are affected by outside factors they can't control. They argue that "financial markets have become too focused on the short term" and quarterly guidance "is a major driver of this trend." Buffett and Dimon stress they are not against the reporting of earnings every quarter. They just don't like companies forecasting what those earnings will be. Companies, they said, should "continue to provide annual and quarterly reporting that offers a retrospective look at actual performance so that the public, including shareholders and other stakeholders, can reliably assess real progress."BERKSHIRE'S TOP U.S. HOLDINGS - Sep. 19, 2025 Berkshire's top holdings of disclosed publicly traded stocks in the U.S., Japan, and Hong Kong, by market value, based on today's closing prices.

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