Hank [BS/MSEE,
MSM $$$, Ph.D. Mgmt] teaches TEL AVIV (MarketWatch) - A Berkshire Hathaway Inc. subsidiary agreed to buy 10% of BYD Co., a Chinese producer of rechargeable batteries, electric cars, and car parts, for US$230 million, the companies said late on Friday.
MidAmerican Energy Holdings Co. said in a statement that it would buy 225 million shares of Shenzen-based BYD (BYDDF:
BYDDF 1.09, -0.11, -9.2%) (HK:1211: news, chart, profile) for HK$1.8 billion.
BYD’s Website says the company’s 130,000 workers produce information-technology products including nickel-cadmium and lithium-ion rechargeable batteries, mobile-phone displays, keypads and housings; laptop-computer keypads, and more.
The above info is from MarketWatch Weekend edition here: This is not a “I told you so” but…. See previous blog entry. The big guy is movin’. Hank
The world’s richest man Warren Buffett is launching a new investment on chinese company which produces rechargeable batteries, electric cars. He sees the potential of this company where the stock value has been going downward lately. This is the good time to invest in such company like this which is hitting low and can revive later in the future. I wonder Buffett would still hold the title of “The World’s Richest man” for upcoming years.
The big is really Moving… He knows how to maker money and that is why he is the worlds richest man today… Right now, We are in a state of crisis where we are loosing our non-renewable deposits and we have to find out some way or the other so that we have our mankind running with all those technologies and we are not deprived of using any of them. Big Investors are buying today more n more crude oil just to save money in future when the oil prices will shoot up to the skies… But If I would have to be a successful entrepreneur, I would have invested my company’s funds in such a innovative idea, which will give us long term benefits.. We have to think beyond a certain point to make us profitable and also doing business with ethics..
I would say Buffet is doing a right job and more over he could put in his money for researching more in fields like this so that he would be ready with his technology to help the mankind when the world need’s it…
This is a good move. If I wasn’t a poor college student, I would be investing like crazy right now. Buy Low-Sell High.
Buffett is the man in terms of investing in non-technological stocks and companies. His last transaction in China when he sold his stocks was more than a billion dollars.
I believe that he will replicate his success with this company again.
Well I’m glad to hear Warren Buffet is even richer now… I always felt like he should be just a little richer and now that day has come. Hallelujah
Yeah, I have to admit that even though this whole financial crisis has swept up the market, now is the perfect time to invest for those who can because at this point, the market can only better with time. Companies like this one offer huge potential and you know that eventually it might be worth something big
Buffet’s a good guy to follow. and I agree with Josh: if I had the cash, I’d be doing the exact same thing.
buffets the man to follow in a case like this.
maybe this is the new big thing to invest in
but im assuming the earlier the better
but also with the earlier, the more risks
Pretty smart investment I would say. Considering that Warren Buffett is the richest man in the world, he must be doing something right. The stock market is obviously going crazy right now so why not invest? If I had ANY money, I would.
Yeah, like you said, it seems like a smart investment. There’s definitely a lot of potential for this kind of industry. Looking at that graph is a little scary, seeing how much stock has dropped over time. But it sounds like its time for a turnaround!
I agree in saying that this is a brilliant investment. He definatly knows what he is getting himself into by investing. Although this has its risks, i’m sure the benefits would pay off much more lavishly.
this is definetly a good investment. buffet wouldnt be spending so much money for something that wouldnt work, and buffet is the 2nd richest person in the world from doing great investments. The guy has been doing this for decades and he is an experet. there is no better guy to be following. I would invest, but i would still be a little scared, because i mean… look at the graph.
I guess that’s why Warren Buffet is the richest person in the world. His intuition on the market, product, service, and the whole economy is incredible.
definitely buy low, sell high. too bad i’m at a stage in my life that no matter what, i’m not going to be buying crap!
I think this is really good idea to invest in this venture. I think demand for electric cars in future is sky rocking.
Like Mallory said, buy low sell high! This definately seems like a smart investment. With this sort of industry I think people aren’t so afraid to invest in this especially because of the need for electric cars.
I’ll never hate on anyone making money. Risks just pay off, when you pick today’s loser that become tomorrow’s winner’s then that’s what you have. Just like when Mr. Buffet picked google, people thought he was nuts, until where it is today, no sense in investing in it now(trading at something like $354/share) since not much div. will be payed off.