Munger, Berkshire’s vice chairman and a Daily Journal board member, credited Li Lu, founder of Seattle-based asset manager Himalaya Capital, for introducing him to BYD. Munger also said BYD CEO Wang Chuanfu is unusual, calling him a genius and a workaholic.
Asked if he would prefer Tesla or BYD as an investment, Munger said the answer is easy.
“Tesla last year reduced its prices in China twice. BYD increased its prices. We are direct competitors. BYD is so much ahead of Tesla in China ... it’s almost ridiculous,” Munger said.
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This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Good123
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Posted by Good123 > 2023-02-16 15:02 | Report Abuse
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