Reported about 1 year ago
Warren Buffett's Berkshire Hathaway reduced its stake in China's electric vehicle maker BYD by selling 1.3 million shares for HK$310.5 million, decreasing its ownership from 7.02% to 6.90%. Berkshire initially invested in BYD in 2008, selling shares in 2022 when the price surged, despite Charlie Munger's praise of the investment. The move contrasts with Buffett's usual U.S.-focused investments but highlights BYD's exceptional performance according to Munger's advice.
Source: YAHOO