Berkshire's Munger Backs BYD’s Revolutionary e6 Electric Car [View article]
It's anecdotal, but when I asked my friend, who owns a car, what he thought of BYD, he said their cars look like **censored**.
Americans and Europeans don't buy cars for statistics, and neither do the nouveau riche of China. Not to say BYD can't be successful, but if their electric cars have bad style, it won't be long before another car maker offers electricity and style. Don't forget that China's government has mandated a switch to electric cars as well. They have a lead now, but not for long.
Why Is Everybody Selling as Buffett Is Loading Up? [View article]
Hmm...ex-Goldman Sachs CEO creates $700 billion plan to buy securities...Buffett enters sweetheart deal with Goldman Sachs...
What is $5 billion to Buffett anyway? The two deals are about 5% of his company. He bought CEG after it collpased. The electric battery company is interesting, but again, $230 million. Peanuts.
Berkshire's Munger Backs BYD’s Revolutionary e6 Electric Car [View article]
Americans and Europeans don't buy cars for statistics, and neither do the nouveau riche of China. Not to say BYD can't be successful, but if their electric cars have bad style, it won't be long before another car maker offers electricity and style. Don't forget that China's government has mandated a switch to electric cars as well. They have a lead now, but not for long.
Why Is Everybody Selling as Buffett Is Loading Up? [View article]
What is $5 billion to Buffett anyway? The two deals are about 5% of his company. He bought CEG after it collpased. The electric battery company is interesting, but again, $230 million. Peanuts.
Buffett: I Was Wrong on Anheuser-Busch [View article]