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July 15, 2009

Why did Warren Buffett invest in battery manufacturer BYD?

Filed under: Electric Cars — Tags: , , — moveforward @ 3:22 am

What has Warren Buffett seen in BYD?

What has Warren Buffett seen in BYD?

When renowned investment sage Warren Buffett decided to invest in little-known Chinese battery producer BYD there were many eyebrows raised and much scratching of heads. While there is no doubt that Warren Buffett, via his Berkshire Hathaway Inc investment vehicle, has a nose for successful investing this is certainly not his normal style of business. So what did Warren Buffett see that few others were able to recognise?

Some background on Warren Buffett

Warren Buffett is a 78-year-old investment guru who is estimated to be worth in the region of $37 billion and is often referred to as the “Oracle of Omaha” or “Sage of Omaha”. He has a history, via his Berkshire Hathaway investment vehicle, or investing in traditional businesses which have long-term value and a strong brand name. He famously avoided the 1990s dot-com bubble which saw technology shares multiply in a very short space of time only to collapse, leaving many investors destitute and penniless.

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