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Buffett Munger BYD exits stake

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Berkshire is completely out of the snowy shares in the Chinese Ev Maker

Berkshire Hathaway is completely out of an extremely profitable Özkaynak investment to the Chinese electric vehicle manufacturer Byd.

In August 2022, Berkshire began to reduce its 225 million stock position to $ 230 million in 2008.

This increased a 41% leap in the second quarter of that year to $ 9 billion.

Until June last year, Berkshire sold almost 76% of his sharesIt was slightly below 5% of the extraordinary shares of BYD.

As long as we know that the company has 54 million shares under this level, under this level, Berkshire did not have to disclose later sales in accordance with the rules of the Hong Kong exchange.

A Buffett Watch But the reader, Quarter financial filing Berkshire Hathaway Energy, a subsidiary holding stocks, listed the value of the investment as zero as of March 31.

A Berkshire spokesman confirmed that the BYD position was really sold.

Based on the investment values listed in BHE’s reports, sales continued after 5% last year.

Berkshire called for Charlie Munger 17 years ago.

At the 2009 annual meeting, he saw the shareholders’ Warren and I went crazy. “Damn miracle. “

It was an incredible call. BYD shares increased by 3890% in the years of Berkshire.

Buffett did not explain in detail why Berkshire started to sell, but in 2023, He told Becky quickly from CNBC This byd is managed by a “extraordinary person”, “an extraordinary company”, but “I think we’ll find things to do with the money I will feel better.”

At the same time, Berkshire sold almost all of the company Taiwan SemiconducttoR bet, roughly $ 4 billion stock, Only months after the purchase of stocks When Beijing “re -evaluating” the geopolitical risk that emerged with the claim that Taiwan is a part of China. “This is a dangerous world,” he said.

Agreement on Trump and Buffett

Warren Buffett has not been talking publicly about his liberal political views in the last few years, Telling shareholders in 2022 Some people “sustainable crazy” and “raising our companies”, potentially damaging employees and shareholders.

However, it makes sense to assume that President Donald Trump does not look at the eye on most issues.

However, at least they agree in something: US businesses should not chase very short -term goals.

This week president The truth was sent at Social The SEC should allow companies to declare a profit every six months instead of the current three -month requirement.

“This will save money and allow managers to focus on managing their companies properly.”

The SEC said that he gave CNBC prioritizing this proposal to further eliminate unnecessary regulatory loads on companies. “

Famous to decide in the long run, Buffett strongly called companies to provide guidance to a three -month -old share guidance.

A 2018 Wall Street Magazine Opinion written together Jpmorgan chase’s “According to our experiences, three -month earnings guidance usually lead to unhealthy focus on short -term snow at the expense of long -term strategy, growth and sustainability.”

This said that companies reduce long -term useful expenditures to meet or defeat their short -term forecasts when they were affected by the external factors they could not control.

They claim that “financial markets are very focused on the short term” and three -month guidance is an important driving force of this tendency.

How can a CEO manipulate short -term earnings?

However, there is an important distinction.

Buffett and dimon emphasizes. They don’t like companies to predict what these gains will be.

Companies, “shareholders and other stakeholders, including the public to evaluate real progress in a reliable way to provide a real performance back -month and three -month reports should continue to provide,” he said.