Companies > Company

Warren Buffett's Berkshire Hathaway has scored a 30x gain on its BYD investment. Here's the story of its bet on the Chinese electric-vehicle company

1 month ago   |   By Business Insider

Summary List Placement
Warren Buffett's Berkshire Hathaway has scored a 30-fold gain on its BYD investment.
It spent $232 million in 2008 for a stake worth $7.4 billion today.
Here's the story of Berkshire's bet on the Chinese electric-vehicle company.
Visit Business Insider's homepage for more stories .
Warren Buffett's Berkshire Hathaway has made more than $7 billion on its BYD investment to date, representing a roughly 30-fold gain.
The famed investor's conglomerate spent $232 million to buy 225 million shares in the Chinese electric-vehicle company in 2008, paying about $1 per...
Read more ...

 

Warren Buffett's Berkshire Hathaway has scored a 30x gain on its BYD investment. Here's the story of its bet on the Chinese electric-vehicle company

Warren Buffett's Berkshire Hathaway has scored a 30x gain on its BYD investment. Here's the story of its bet on the Chinese electric-vehicle company

1 month ago   |   By Business Insider

BYD founder and CEO Wang Chuanfu, Charlie Munger, and Warren Buffett celebrate at a car launch.
REUTERS/Jason Lee
Warren Buffett's Berkshire Hathaway has scored a 30-fold gain on its BYD investment. It spent $232 million in 2008 for a stake worth $7.4 billion today. Here's the story of Berkshire's bet on the Chinese electric-vehicle company. Visit Business Insider's homepage for more stories. Warren Buffett's Berkshire Hathaway has made more than $7 billion on its BYD investment to date, representing a roughly 30-fold gain. The famed investor's conglomerate spent $232 million to buy 225...
Read more ...

 


Search by Tags

   Company      Invest      Market      Companies      Business      Investments      Investment      Buy      Marketing      Markets      Finance      Stocks      Warren Buffett      Berkshire Hathaway      Byd      Electric Vehicles      Transportation      Charlie Munger      China      Weekend BI UK  


Marc Benioff's strategy to expand beyond Salesforce's roots in sales...

Marc Benioff's strategy to expand beyond Salesforce's roots in sales software is paying off in a big way, latest earnings show

Summary List Placement Despite a turbulent 2020, Salesforce reported strong earnings on Thursday for its fourth quarter and full year, with annual revenue growing 24% . The... Read more ...

I've helped over 3,000 clients plan elaborate marriage proposals. The most...

I've helped over 3,000 clients plan elaborate marriage proposals. The most expensive proposal so far was on a private island and cost over $100,000

Summary List Placement I've always been someone who likes a challenge. I started my company right after graduating college in 2008, when I was only 22 years old. It wasn't an... Read more ...

Warren Buffett warned that 'hot' stocks fade, joked about his age, and...

Warren Buffett warned that 'hot' stocks fade, joked about his age, and celebrated America in his annual letter. Here are the 10 best quotes

Summary List Placement Warren Buffett released his yearly letter to Berkshire Hathaway shareholders. The investor warned that frenzies around fad stocks eventually... Read more ...

Warren Buffett admitted a 'big' mistake, touted Berkshire Hathaway's past...

Warren Buffett admitted a 'big' mistake, touted Berkshire Hathaway's past deals, and cautioned traders in his annual letter

Summary List Placement Warren Buffett published his annual letter to shareholders on Saturday. The Berkshire Hathaway CEO made a "big" mistake in overpaying for Precision... Read more ...

Entrepreneurship is the key to building Black wealth in America. 4 cities...

Entrepreneurship is the key to building Black wealth in America. 4 cities are leading the way in supporting business owners

Summary List Placement Fashion photographer Nikki Gomez was born and raised in New York City. But in November, on a tip from a friend, she joined Tulsa Remote, a one-year... Read more ...

Open source developers are using GitHub's 'sponsors' program to get paid for...

Open source developers are using GitHub's 'sponsors' program to get paid for work they used to do for free - and some are making 6 figures

Summary List Placement Although open source software powers some of the world's most well-known technologies , even the most popular projects are often maintained by developers... Read more ...

A worryingly large number of US stocks are expensive, crowded, and pose a...

A worryingly large number of US stocks are expensive, crowded, and pose a downside risk to the S&P 500, says Bank of America

Summary List Placement Mega-cap growth stocks are overcrowded, expensive, and dampen the outlook for the S&P 500 in 2021, BofA said. A team of strategists said in a Friday note... Read more ...

Wayfair's cofounder explains why furniture delivery is still so slow - and...

Wayfair's cofounder explains why furniture delivery is still so slow - and when it will return to normal

Summary List Placement Wayfair had a blockbuster year in 2020 as consumers shopped to better equip and adorn the homes in which they suddenly found themselves stuck. Net... Read more ...

Bitcoin's energy use is 'staggering' and a worry for big investors...

Bitcoin's energy use is 'staggering' and a worry for big investors, Kleinwort investment chief says

Summary List Placement Bitcoin uses a "staggering" amount of energy each year, the chief investment officer of Societe Generale's UK private bank said. Fahad Kamal said it... Read more ...

Gold price could drop to $1,200 per ounce by 2023, warns Fitch

Gold price could drop to $1,200 per ounce by 2023, warns Fitch

International ratings agency Fitch predicts the price of gold will fall to $1,600 per ounce this year and slide further down to $1,400 in 2022 “on increased demand due to... Read more ...