$BYDFF $TSLA Charlie Munger says BYD is so far ahead of Tesla in China ‘it’s almost ridiculous’

“I have never helped do anything at Berkshire [Hathaway] that was as good as BYD and I only did it once,” the 99-year-old investor said at the Daily Journal’s virtual annual meeting Wednesday. Berkshire initial investment is now “worth about $8 billion or maybe [$9 billion]. That’s a pretty good rate of return,” said Munger, Warren Buffett’s longtime investment partner.

BYD has been a lucrative bet for Berkshire, which first bought about 220 million shares in September 2008. The stock has jumped more than 600% in the past 10 years amid the massive growth in electric vehicles. Berkshire has actually been trimming its BYD stake in the past year as the stock has become increasingly pricey.

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That’s an odd article.

Berkshire has been selling down it’s BYD position.

He is no fool who gives what he cannot keep to gain what he cannot lose.

Of course if Berkshire had bought TSLA at pretty much any comparable time to a BYD purchase, they would have done better, often much better. Often 10x better.

My prediction is that they would still do better today if they sell all their BYD and buy TSLA instead. But they’ll do okay with BYD. Good company. Likely to continue succeeding.