I Brazil there is a large Oligarchy class, very close allied with the US. There are very strong interests to sabotage any chinese success there to the detriment of Brazil but to their own benefit. You can find these kind of people in most countries in the world and they have a lot of power in most of latin america. Cheers from Germany, a country where these traitors rule with impunity...
China government wants to destory all legacy car makers. And you think the other governments should just ignore the threat. China wants to flood with unsustainable EV prices by taking a significant loss on each EV. You are living in a navie reality.
Also, it was a contractor that BYD hired. Should they have been more skeptical or less credulous when procuring. Yes. There is no excuse to ever take anyone's passport off them for example. (There is film of meetings with staff where they mention everything was fine, but confirm the passports/Id taken for 'admin purposes' ) Is 'near slavery conditions' fair way to report this? No. The 'near' is doing a lot of work in that sentence. Would I want to work there, (or any construction site for that matter) no. Are US owned companies better? I doubt it.
Buffet like most money managers have a set of rules in place that manages their portfolio's risk. One of those rules is to NOT let any one stock represent more than a certain percentage of their entire portfolio. BYD had increased by 5500% since they originally purchased the stock thus requiring a sell off to keep withoin risk tolerances Cathy Woods has done the same with Tesla
Your point is well taken, but I had noticed that they had almost 40% of the portfolio invested in Apple at the end of '22. So, they break the rules when they are confident that the risk is low. The dangers that Tiawan faces are considerable. As for BYD, he could just be locking in profits as there are other Chinese car makers that are gaining ground on BYD.
American here. There are a lot of ignorant Americans that are easily manipulated by a lying con man. This is why we have human trash in the White House, and a Corrupt, lying, conspiracy spreading Republican Congress and Senate.
As for quality issues, I don't really see any as I often get Didi and taxis. The quality is very good for all new byd vehicles I sit in. Also byd do most of the electric buses in Shenzhen and they are good quality
I think Buffet simply felt BYD's stock hit a good, high price, and sold off his shares, knowing the company and stock price will continue to grow, but he's very old and pulling back from many stocks.
Buy low, sell high. The investment mantra that the majority of investors never realise. He may know more than we know, but to be honest, I would not blame them for selling when they reach orders of magnitude of profit. An investment needs to vest.
You don’t have to apologize for calling some people stupid. It’s a fact some people are. I’m American, but my grandparents are from Italy & Ireland. 90% of the people in the United States are of European descent. We’re just Europeans on a different piece of dirt
I will be forever grateful to you, you changed my whole life and I will continue to preach on your behalf for the whole world to hear that you saved me from huge financial debt with just a small Investment, thank you Jihan Wu you're such a life save
As a beginner in this, it’s essential for you to have a mentor to keep you accountable. Jihan Wu is also my trade analyst, he has guided me to identify key market trends, pinpointed strategic entry points, and provided risk assessments, ensuring my trades decisions align with market dynamics for optimal returns.
Jihan Wu Services has really set the standard for others to follow, we love him here in Canada 🇨🇦 as he has been really helpful and changed lots of life's
Same reason he sold Apple, he is expecting a financial crisis. One that will surpass the GFC, and interest rate are now normalised so that cash pile is earning interest with much less risk. Btw Buffet is overrated, it was Charlie that guided Warren from Benjamin Graham's flawed value teaching. Now that Munger is gone, let see how he performs on his own
I really like hearing Munger, he got Warren to buy quality. Buffets biggest stock fear has got to be a political crisis between us and china that could not end, but half apple's value over night. Getting rid of tsmc, is lowering his other china risk. A war would quickly undermine TSMC and the world's chip supply. Again correlated with china/apple risk. Byd aint the most automated china car maker. big risk is there will be a shakeout in china car companies, and the less automated byd could end up with higher and more hidden cost and debt than the other car makers viking likes, Byd is china risk, plus debt risk plus tesla risk. Buffet has said to never bet against Elon Musk. Don't know how long Buffet will live after losing Munger, don't know how long Buffet has on the planet, and he's not going to mars.
On the Apple front, things don't look to roses. Weak updates, updates that end after for phone is 3 years old. The big fork in the road is Samsung has a close to production Solid State Battery that doubles energy capacity, unless Apple finds an option to that battery, well no more signal.
@@sb5580 the question i have is whether or not Elon is bored of building tesla now and is in cahoots with t rum p (ie. has gov’t backing/support) for his Martian dreams. T rum p stills seems keen to continue destroying the ev industry and backing big oil. So is Elon going to fight for tesla or let it die, along with the ev industry in general?
Minor correction on Tesla's average payables. As of Q3-2023 (the latest available) they have an average payables of 62 days. At the worse, back in 2016, it was up to about 93 days. I don't think it ever reached 100 days. This is the average, some were paid sooner and some further out. The vehicle industry average today is about 61 days.
Maybe the 'inhumane' condition is only a matter of work ethics? Chinese (or Japanese) workers can work 12 to even 16 hours a day, 7 days a week without issues.
what a ridiculous comment. do they have any family or social life? No sane person wants to work that much, they are forced to by the economic conditions. Chinese workers are still heavily exploited in many sectors in China that is a well known fact and not a secret.
Loathing in the minds of racist, xenophobic westerners who cannot comprehend or stomach the fact that they r has beens & the rest of the world that they looked down at with contempt is progressing beyond them.
we make assumptions based on what we know.. but we know by far not enough to make a smart decision in those cases.. so, now we know that Buffet sold a lot of BYD stocks and that is all
Hmm, BYD car brands needed name change consultancy ? ! WTF ! Per your logic, I wondered why the Japanese car brands kept their brand names as : Suzuki , Kawasaki, Izusu, Toyota (originally Toyoda), Nissan, Honda, Hino, Yamaha, Subaru, on and on etc. And why the Italians never changed the name of Ferarri, Lamborghini ? ! Buddy Holly's friend Ritchie Valens was advised to change his last name from Valenzuela. Leonardo DiCaprio was asked to anglicize his name and he refused. He stated that that was the best decision he had made. Sure, English is the most used language in business and communication today. But is it going to stay the same forever ? French was the most popular language a few centuries ago that even the English Aristocrats and Royal house hold communicated in French. So, here you go ---
Charlie Munger was the force behind BH investing in BYD while Warren Buffett rather shyaway from investing in BYD. Maybe what happened to Alibaba have something to his stance on BYD
I think people doesn't understand Warren Buffet's investment strategy. They don't like Risk. Sure, when Market is up, they earn less. But when Market crashes, they remain stable, and they is why a lot of "older" generation investors put their money into Berkshire. They are happy to make 15% gain anually. But as for BYD's future, is anyone's prediction. There are going to be a lot of competition, and you have world governments pouring money into this fight. No one thought China would be the leader in EV and renewable 15 years ago, I dare not to predict will will happen in 10 years.
On using vendor financing You say BYD is at 270 days. That is very high, but in China and Taiwan big companies drive hard bargains. Formosa Plastics demands 90 days or more. Another technique is to ask for parts consignment. That gives just-in-time access to parts without inventory costs
Dave we need you. The level of misrepresentation from our media reflecting their supporters short term interests and the ability of mouths to offer opinions without research is huge. As Richard Dawkins reflects “don’t tell me what you think or how you feel, just tell me the facts”.
Buffett has also sold half of Apple, not just BYD. Matter of fact, BYD was never Buffett's investment, it was Charlie Munger's idea. Buffett is an American patriot, he has been wrong about China many times before, as opposed to Munger.
No! your cash which belongs to the banks 😏 At least buy some bonds with your cash: - it is protected - and you can earn at least 4.5% per year... Better than zero.
I think there is concern that BYD needs to address quality control issues with their vehicles, especially their small to medium sized EV's. I still think in the long run, BYD would be better off as a battery supplier, especially if they, like CATL, achieve breakthroughs in solid-state batteries in the next few years.
BYD sells NiMH, Lithium-ion and the NCM batteries. After the Moss Landing Battery Facility fire, I wonder how many NCM batteries are being produced by BYD?
Alot info is nailing it and nailing it good so what I take on Warren's moves is a rough ride is coming to America and then shortly thereafter the rest of automobile manufacturering on planet earth except just maybe tesla so ice fans the picture is not roses just as the bowling ball comes down the lane it does not have crash avoidance on the way to pins .
as to the brazil comment. Brazil is part of BRICS. BYD's sales in Brazil in 2024 were a record-breaking 76,713 vehicles, a 327.68% increase from 2023. This made BYD the leader in Brazil's electrified vehicle market.
BYD is completing its US$1 billion factory in Indonesia very soon. How come there's no labour problems there while there is accusations in Brazil? Simple. Brazil is a western hemisphere enclave with western thinking without the hindsight of Asian practices. It shouts human rights when its own dismal record in the country is questionable
I wanted to buy a BYD Dolphin, but they're all sold out in my country and the dealers don't know when they'll be getting more. Certainly not in the next 6 months, they say. Possibly not before next year.
@MichaelNomura-i9n I'm not criticising the cars. Historically however Daewoo first took the market by storm, and then just as rapidly became Dae-who? They vanished as quickly as they came, and not because they rebranded as Chevrolet.
Viking if you watched tv in the 90's and 00's there was a show called Beyond 2000. They had a story on BYD back then and from memory, they were talking electric cars. I cant find the clip[ on youtube, it would have been nice to refresh my memory and see how far they have come and what they said has come true. If anyone has a link to the show with this story would love to see it again
I heard an interview with Warren himself, a long time ago, in which he said that he would not like to be positioned in any company that competed with Elon Musk.
@@Stoneitful Maybe he does but he also understands Musk has always been under large support from the biggest and baddest national state in the world (and I don't mean it in a good or bad way).
Don’t think tesla even has a stake in Asia or southern hemisphere to be considered competition. Honda and Toyota are more likely the competitors than tesla? Northern north america is off the table, but that merely because of protectionism… otherwise tesla would certainly disappear completely. Besides i don’t think Elon cares that much about tesla anymore and is probably far more interested in his Martian dreams these days-which align with t rum p and big oil… Mr t will likely print unlimited dollars for musk-especially if he lets tesla go-and focusses on space.
Secondary point being that t rum p would happily destroy the green revolution and specifically the ev industry given the chance… and that seems largely dependent on Elon… and yet Elon’s Martian dream is largely dependent on t rum p.
While we Americans sit here transfixed by sound of the burning rubber of an orange dragster's tires, the rest of the world is slipping away from US into the future.
Warren Buffett in the 80s, 90s was in a complete other state with his companies as he is today. Maybe the time back then, he couldn't go for safety in investments. That was the reason to go in risk. But risk is about probabilities and not about knowledge. He might have been really lucky the time back then.
I thought it was Li Liu who introduced Munger, ok, yes the second time you mention it, he runs Himalayan Capital. But he was a survivor of the Tiennamen massacre. He is usually referred to as Chinese. I have never heard him labeled "Taiwanese" before.
One reason Buffet sold a large part of his stake in Apple was because the maximum capital gains tax rate is now 21% and he thinks it could go up. So better to sell some stock now and pay the lower tax rate. This does not detract from anything you said but rather adds to it. Speaking of not consulting marketing experts, there used to be a Chinese restaurant called "King Dong". I could never bring myself to eat there. One more thing, TSNC is building a plant in Arizona.
Indian government has rejected BYD's investment before, it could've had created thousands of jobs, so why did they do that? Could Brazil also have the same intention? We still have to hear it from the BYD side, it's unfair to just hear it from one side.
@@TVwatcher-ic3ne What do u mean? Ever heard of Troller and Agrale? Both r Brazilian auto brands. It could also be other foreign brands behind the smear campaign against Chinese auto brands, u never know.
Buffet knows where to put the big chunk of the money, in the American health care BUSINESS, through insurance companies, it's a no brainer, totally protected by both parties, free and universal health care will never happen!
Buffett sold Apple, too; he is not taking geopolitical risks like TSMC because it is located in Taiwan. Big funds like his can't afford value difference between the US and China. In 2024, according to Google search - despite once calling Apple the "best business" in the world, Buffett sold 100 million shares in the third quarter, cutting Berkshire's stake by 25%. While Apple still ranked as the company's largest holding as of Sept. 30, Buffett has sold more than 615 million shares in the last four quarters.
I would have liked to have seen an Apple Car - what its call isn’t so important, even if it was a collaboration with a good automaker, wherever that be. We would have good privacy and very likely reliable software.
I think the more complicated names were intended to sell only in China So Yangwang and Fengchengbao are for local customer in China Geely Zeekr Volvo Lotus Deepal Ora Chery GWM BYD for foreign buyers. Easy words to say for western people
Hard to argue with Buffett's history of eyepopping successes, so if he sells any company, it's wise to take deep dives into his thinking. At first I scoffed at Buffett's move, but after seeing this video on his reasons, I think he's not wrong and BYD stock owners ought to at least seriously consider Buffett's reasons.
I find it odd that byd doesn't trade on the real markets in the US market like the NASDAQ where no trades . They trade where penny stocks live int the over the counter trades. This is also a place where bankrupt stocks go to die . It's probably because they don't want to provide company information that is required by the more popular and regulated exchanges .
'Stupid people sharing misinformation online are the worlds problem' Absolutely and your extreme BEV bias is one of those problems, your videos are basically an advertisement for Chinese EV's without any actual motor industry knowledge and yet anyone who doesn't share your view is 'stupid'.
People who say EVs are bad for the environment are stupid? Well, they do have some evidence as justification and calling them stupid isn't really a good counter argument. As for Buffet - he's good a good track record so he's probably on to something.
I remember having seen a video here in UA-cam several years from from a Tesla employee reporting Slavery work conditions that had wrecked his mental health. So, make your own conclusions.
Sanctions and US image is a big thing - Warren being seen as a Chinese supporter would make him a target and where sanctions go is a big roll of the dice ?
Berkshire Hathaway invested early and made huge profits However, its been trading between $HK320 and HK$150 since early 2021 So the stock price is similar to 4 years ago no growth only good for longer short/medium term swing trading If BM invests it wants either good dividends or share price growth and Warren doesn’t really like tech stocks. He prefers insurance companies and banks He didn’t invest in Tesla and he and Munger (dec’d) admits he missed that one because of their reticence towards tech companies at the time Tech has a lot of volatility which traditional investors like Buffet try to avoid. They just want strong profits and gains, strong dividends and minimal risk as well as a dead cert
It's about bloody time someone lifted the hood on BYD corporate and showed us the warts. These can fairly be explained as growing pains in a rapidly changing global business climate but they do exist and denying them is dishonest. That said, they're all problems that come from massive growth and as such they're problems that GM, Ford and Toyota would dearly love to have!
BYD's profits and margins are very poor when compared to TSMC. If Buffet did not hold on to TSMC, there is really no reason to keep BYD in its portfolio
BYD's debt-to-equity ratio is still less than 0.4, which is less than Tesla's 0.7 and Ford's 3.59. Buffett probably concerns about the trade war between US and China could adversely affect the future of BYD. Moreover, BYD is not Coca Cola.
This is why I never bought BYD shares... 🤷♂️ I'm mostly invested in Geely and some NIO + Xiaomi Geely vecause they are the only ones in Chona sitj a readable and some international branding, They still make ICE vehicules and their models and choices of narket makes complete sense. I nay be wrong but their sales increase is even more impressive than BYD, which in my view is also overpriced because of the "Warren premium" I like NIO because their Chinese strategy with replacement batteries is absolutely brilliant. About Xiaomi, if you lived in China like me, you would know Xiaomi is like Apple, they know how to build, rhey know qulity and they know hiw to market stuff. But don't get me wrong, the carnage has just started... 😱 The fight will be terrible😵. The next few years will be surprising, to say the least 😏
It is a shame the US government is increasing inflation by the use of tariffs. The American public deserves better than this. The ban on Chinese software is depriving the American public of products that they want and need. I would consider purchasing a BYD vehicle if one were available. But the way the winds are blowing I will likely never see one.
It's normal for fund managers to rebalance their portfolio in response to changing conditions. Throughout Buffett's career there are numerous times people like to call the demise on the companies he reduced his holdings on. It's like the pied piper leading a pack of blind rats. I think Buffett himself would rather advise people do their own research and evaluation.
I Brazil there is a large Oligarchy class, very close allied with the US. There are very strong interests to sabotage any chinese success there to the detriment of Brazil but to their own benefit. You can find these kind of people in most countries in the world and they have a lot of power in most of latin america. Cheers from Germany, a country where these traitors rule with impunity...
wr
China government wants to destory all legacy car makers. And you think the other governments should just ignore the threat. China wants to flood with unsustainable EV prices by taking a significant loss on each EV. You are living in a navie reality.
Say what? What are you on about? Somebody is a “traitor” bc they have a position on a trade issue?
Also, it was a contractor that BYD hired. Should they have been more skeptical or less credulous when procuring. Yes. There is no excuse to ever take anyone's passport off them for example. (There is film of meetings with staff where they mention everything was fine, but confirm the passports/Id taken for 'admin purposes' )
Is 'near slavery conditions' fair way to report this? No. The 'near' is doing a lot of work in that sentence.
Would I want to work there, (or any construction site for that matter) no.
Are US owned companies better? I doubt it.
Buffet like most money managers have a set of rules in place that manages their portfolio's risk.
One of those rules is to NOT let any one stock represent more than a certain percentage of their entire portfolio.
BYD had increased by 5500% since they originally purchased the stock thus requiring a sell off to keep withoin risk tolerances
Cathy Woods has done the same with Tesla
Your point is well taken, but I had noticed that they had almost 40% of the portfolio invested in Apple at the end of '22. So, they break the rules when they are confident that the risk is low. The dangers that Tiawan faces are considerable. As for BYD, he could just be locking in profits as there are other Chinese car makers that are gaining ground on BYD.
Yank here. To call us stupid is an insult to stupid people
At least Americans have a sense of humour, told South Africans, Italian or Germans and they get aggressive and violent
Yank Wank !!!!
wrg
American here. There are a lot of ignorant Americans that are easily manipulated by a lying con man. This is why we have human trash in the White House, and a Corrupt, lying, conspiracy spreading Republican Congress and Senate.
Why so self-deprecating? That's so...un-American, lol.
As for quality issues, I don't really see any as I often get Didi and taxis. The quality is very good for all new byd vehicles I sit in. Also byd do most of the electric buses in Shenzhen and they are good quality
I think Buffet simply felt BYD's stock hit a good, high price, and sold off his shares, knowing the company and stock price will continue to grow, but he's very old and pulling back from many stocks.
Buy low, sell high. The investment mantra that the majority of investors never realise.
He may know more than we know, but to be honest, I would not blame them for selling when they reach orders of magnitude of profit.
An investment needs to vest.
wr
@@zes7215 what does ‘wr’ mean?
A friend bought a BYD car years ago & explained his choice of brand. They're selling more than others.
You don’t have to apologize for calling some people stupid. It’s a fact some people are. I’m American, but my grandparents are from Italy & Ireland. 90% of the people in the United States are of European descent. We’re just Europeans on a different piece of dirt
Hit 220k today. Appreciate you for all the knowledge and nuggets you had thrown my way over the last months. Started with 34k in November 2024..
I would really love to know how much work you did put in to get to this stage
I will be forever grateful to you, you changed my whole life and I will continue to preach on your behalf for the whole world to hear that you saved me from huge financial debt with just a small Investment, thank you Jihan Wu you're such a life save
As a beginner in this, it’s essential for you to have a mentor to keep you accountable.
Jihan Wu is also my trade analyst, he has guided me to identify key market trends, pinpointed strategic entry points, and provided risk assessments, ensuring my trades decisions align with market dynamics for optimal returns.
Jihan Wu Services has really set the standard for others to follow, we love him here in Canada 🇨🇦 as he has been really helpful and changed lots of life's
His guidance allowed me to restructure my retirement plan, resulting in an estimated $700,000 more by the time I retire.
Remember when Amazon was nothing but high debt for over a decade.
Shush 🤫. Don’t tell anyone BYD is like Amazon and Tesla is like Apple 🙂
Same reason he sold Apple, he is expecting a financial crisis. One that will surpass the GFC, and interest rate are now normalised so that cash pile is earning interest with much less risk. Btw Buffet is overrated, it was Charlie that guided Warren from Benjamin Graham's flawed value teaching. Now that Munger is gone, let see how he performs on his own
Munger was a hack!
I really like hearing Munger, he got Warren to buy quality. Buffets biggest stock fear has got to be a political crisis between us and china that could not end, but half apple's value over night. Getting rid of tsmc, is lowering his other china risk. A war would quickly undermine TSMC and the world's chip supply. Again correlated with china/apple risk. Byd aint the most automated china car maker. big risk is there will be a shakeout in china car companies,
and the less automated byd could end up with higher and more hidden cost and debt than the other car makers
viking likes, Byd is china risk, plus debt risk plus tesla risk. Buffet has said to never bet against Elon Musk.
Don't know how long Buffet will live after losing Munger, don't know how long Buffet has on the planet, and he's not going to mars.
wr
On the Apple front, things don't look to roses. Weak updates, updates that end after for phone is 3 years old. The big fork in the road is Samsung has a close to production Solid State Battery that doubles energy capacity, unless Apple finds an option to that battery, well no more signal.
@@sb5580 the question i have is whether or not Elon is bored of building tesla now and is in cahoots with t rum p (ie. has gov’t backing/support) for his Martian dreams. T rum p stills seems keen to continue destroying the ev industry and backing big oil. So is Elon going to fight for tesla or let it die, along with the ev industry in general?
Minor correction on Tesla's average payables. As of Q3-2023 (the latest available) they have an average payables of 62 days. At the worse, back in 2016, it was up to about 93 days. I don't think it ever reached 100 days. This is the average, some were paid sooner and some further out. The vehicle industry average today is about 61 days.
Buy low, sell high.
Maybe the 'inhumane' condition is only a matter of work ethics?
Chinese (or Japanese) workers can work 12 to even 16 hours a day, 7 days a week without issues.
dunno about China, but people in Japan and Korea die because of working too much. look up "karoshi"
what a ridiculous comment. do they have any family or social life? No sane person wants to work that much, they are forced to by the economic conditions. Chinese workers are still heavily exploited in many sectors in China that is a well known fact and not a secret.
BYD - thanks for the free feedback (R&D) they'll work on the uneven quality issues.
Hyundai (the name) used to draw the same loathing as Yangwang does. Now it (Hyundai) is a household name.
Loathing in the minds of racist, xenophobic westerners who cannot comprehend or stomach the fact that they r has beens & the rest of the world that they looked down at with contempt is progressing beyond them.
They'll be more household, when they build small EVs in the USA.
Personally I would find it difficult to buy a car with a name like this.... 😏
You'll notice they never pulled the names Pony and Stellar out of mothballs.
we make assumptions based on what we know.. but we know by far not enough to make a smart decision in those cases.. so, now we know that Buffet sold a lot of BYD stocks and that is all
Hmm, BYD car brands needed name change consultancy ? ! WTF ! Per your logic, I wondered why the Japanese car brands kept their brand names as : Suzuki , Kawasaki, Izusu, Toyota (originally Toyoda), Nissan, Honda, Hino, Yamaha, Subaru, on and on etc. And why the Italians never changed the name of Ferarri, Lamborghini ? !
Buddy Holly's friend Ritchie Valens was advised to change his last name from Valenzuela. Leonardo DiCaprio was asked to anglicize his name and he refused. He stated that that was the best decision he had made. Sure, English is the most used language in business and communication today. But is it going to stay the same forever ? French was the most popular language a few centuries ago that even the English Aristocrats and Royal house hold communicated in French. So, here you go ---
Charlie Munger was the force behind BH investing in BYD while Warren Buffett rather shyaway from investing in BYD. Maybe what happened to Alibaba have something to his stance on BYD
Secured my $ADX in the Adaxum presale. LFG!!!!!!
That man is not a Taiwanese, he is just one of the student leaders who have run out of China in political reform.
I think people doesn't understand Warren Buffet's investment strategy. They don't like Risk. Sure, when Market is up, they earn less. But when Market crashes, they remain stable, and they is why a lot of "older" generation investors put their money into Berkshire. They are happy to make 15% gain anually.
But as for BYD's future, is anyone's prediction. There are going to be a lot of competition, and you have world governments pouring money into this fight. No one thought China would be the leader in EV and renewable 15 years ago, I dare not to predict will will happen in 10 years.
On using vendor financing
You say BYD is at 270 days. That is very high, but in China and Taiwan big companies drive hard bargains. Formosa Plastics demands 90 days or more. Another technique is to ask for parts consignment. That gives just-in-time access to parts without inventory costs
Li Lu was mainland China born, not Taiwan. Suspect he's American now
Buffett knows a clasped of the world stock market.
Dave we need you. The level of misrepresentation from our media reflecting their supporters short term interests and the ability of mouths to offer opinions without research is huge. As Richard Dawkins reflects “don’t tell me what you think or how you feel, just tell me the facts”.
Buffett has also sold half of Apple, not just BYD. Matter of fact, BYD was never Buffett's investment, it was Charlie Munger's idea. Buffett is an American patriot, he has been wrong about China many times before, as opposed to Munger.
The founder and chairman of Himalaya Capital is Li Lu, who was born in China and emigrated to the US after Tiananmen. He is not Taiwanese.
Cash is king
No! your cash which belongs to the banks 😏
At least buy some bonds with your cash:
- it is protected
- and you can earn at least 4.5% per year... Better than zero.
I think there is concern that BYD needs to address quality control issues with their vehicles, especially their small to medium sized EV's. I still think in the long run, BYD would be better off as a battery supplier, especially if they, like CATL, achieve breakthroughs in solid-state batteries in the next few years.
BYD sells NiMH, Lithium-ion and the NCM batteries. After the Moss Landing Battery Facility fire, I wonder how many NCM batteries are being produced by BYD?
If they’re smart…. None!
Alot info is nailing it and nailing it good so what I take on Warren's moves is a rough ride is coming to America and then shortly thereafter the rest of automobile manufacturering on planet earth except just maybe tesla so ice fans the picture is not roses just as the bowling ball comes down the lane it does not have crash avoidance on the way to pins .
as to the brazil comment. Brazil is part of BRICS.
BYD's sales in Brazil in 2024 were a record-breaking 76,713 vehicles, a 327.68% increase from 2023. This made BYD the leader in Brazil's electrified vehicle market.
BYD is completing its US$1 billion factory in Indonesia very soon. How come there's no labour problems there while there is accusations in Brazil?
Simple. Brazil is a western hemisphere enclave with western thinking without the hindsight of Asian practices. It shouts human rights when its own dismal record in the country is questionable
Brazil came from Europe doesn't like Asian peoples
I wanted to buy a BYD Dolphin, but they're all sold out in my country and the dealers don't know when they'll be getting more. Certainly not in the next 6 months, they say. Possibly not before next year.
Brazil also has its own auto companies, I'm pretty sure they wouldn't wanna compete against the Chinese auto makers😁
The Adaxum presale is moving fast! Don’t miss the chance to secure your tokens before the bonuses run out.
I've long suspected that there might be another side to things. Do you remember Daewoo back in the 90s???
I own a 2007 Chevrolet Aveo.
@MichaelNomura-i9n I'm not criticising the cars. Historically however Daewoo first took the market by storm, and then just as rapidly became Dae-who? They vanished as quickly as they came, and not because they rebranded as Chevrolet.
They know what they're doing. 4 different new brands is nothing for a market of billions
good one
Viking if you watched tv in the 90's and 00's there was a show called Beyond 2000. They had a story on BYD back then and from memory, they were talking electric cars.
I cant find the clip[ on youtube, it would have been nice to refresh my memory and see how far they have come and what they said has come true.
If anyone has a link to the show with this story would love to see it again
Adaxum's presale is attracting attention from investors looking for projects with real-world applications and growth potential.
I heard an interview with Warren himself, a long time ago, in which he said that he would not like to be positioned in any company that competed with Elon Musk.
But he hates tesla and elon musk 😂
@@Stoneitful Maybe he does but he also understands Musk has always been under large support from the biggest and baddest national state in the world (and I don't mean it in a good or bad way).
Don’t think tesla even has a stake in Asia or southern hemisphere to be considered competition. Honda and Toyota are more likely the competitors than tesla? Northern north america is off the table, but that merely because of protectionism… otherwise tesla would certainly disappear completely. Besides i don’t think Elon cares that much about tesla anymore and is probably far more interested in his Martian dreams these days-which align with t rum p and big oil… Mr t will likely print unlimited dollars for musk-especially if he lets tesla go-and focusses on space.
Secondary point being that t rum p would happily destroy the green revolution and specifically the ev industry given the chance… and that seems largely dependent on Elon… and yet Elon’s Martian dream is largely dependent on t rum p.
My first (main) point got axed… surprise surprise 🎉
While we Americans sit here transfixed by sound of the burning rubber of an orange dragster's tires, the rest of the world is slipping away from US into the future.
I appreciate the honesty 🙏
Does anyone know how much profit r they making per car? Or what is their debt to profit ratio?
Warren Buffett in the 80s, 90s was in a complete other state with his companies as he is today.
Maybe the time back then, he couldn't go for safety in investments. That was the reason to go in risk. But risk is about probabilities and not about knowledge. He might have been really lucky the time back then.
No li Lu is Chinese mainland Chinese
Just balancing their portfolio.
I get it now. You are a BYD employee. Why did it take so long for me to figure it out. You gloss over the negative and laude the positives.
I thought it was Li Liu who introduced Munger, ok, yes the second time you mention it, he runs Himalayan Capital. But he was a survivor of the Tiennamen massacre. He is usually referred to as Chinese. I have never heard him labeled "Taiwanese" before.
There was no massacre... WTF r u talking about. So westerners live in an alternate universe of stupidity & ignorance
One reason Buffet sold a large part of his stake in Apple was because the maximum capital gains tax rate is now 21% and he thinks it could go up. So better to sell some stock now and pay the lower tax rate. This does not detract from anything you said but rather adds to it. Speaking of not consulting marketing experts, there used to be a Chinese restaurant called "King Dong". I could never bring myself to eat there. One more thing, TSNC is building a plant in Arizona.
I think it's mostly because LFP is a broad technical wrong turn
I usually don’t jump into new projects, but after seeing the potential with Adaxum, I’m in. Time to diversify my portfolio!
If i remember the reason for sale was geopolitical... Its was US backed Tesla and China backed BYD....
Their record speaks for itself
Indian government has rejected BYD's investment before, it could've had created thousands of jobs, so why did they do that? Could Brazil also have the same intention? We still have to hear it from the BYD side, it's unfair to just hear it from one side.
Brazil doesn’t have a Tata or Mahindra to protect.
Indian is very protective of their own manufacturers
@@TVwatcher-ic3ne What do u mean? Ever heard of Troller and Agrale? Both r Brazilian auto brands. It could also be other foreign brands behind the smear campaign against Chinese auto brands, u never know.
@ How do u know Brazil isn't?
BYD will be a worldwide brand even without US &European market. This is fact period
Buffet knows where to put the big chunk of the money, in the American health care BUSINESS, through insurance companies, it's a no brainer, totally protected by both parties, free and universal health care will never happen!
Adaxum token is a rare gem in the presale market. Alts are heating up, and this project looks poised for success!
The strategic partnerships being formed by Adaxum are strengthening its position in the blockchain and e-commerce industries.
Buffett sold Apple, too; he is not taking geopolitical risks like TSMC because it is located in Taiwan. Big funds like his can't afford value difference between the US and China.
In 2024, according to Google search - despite once calling Apple the "best business" in the world, Buffett sold 100 million shares in the third quarter, cutting Berkshire's stake by 25%. While Apple still ranked as the company's largest holding as of Sept. 30, Buffett has sold more than 615 million shares in the last four quarters.
Anyone else noticing how quiet Adaxum token is flying under the radar? Don´t miss it.
Benefits of people burying their heads in the sands bottom in the air = somewhere to park your bike be it electric or not .
I'm impressed with your honesty.
I would have liked to have seen an Apple Car - what its call isn’t so important, even if it was a collaboration with a good automaker, wherever that be. We would have good privacy and very likely reliable software.
I think the more complicated names were intended to sell only in China
So Yangwang and Fengchengbao are for local customer in China
Geely Zeekr Volvo Lotus Deepal Ora Chery GWM BYD for foreign buyers. Easy words to say for western people
Hard to argue with Buffett's history of eyepopping successes, so if he sells any company, it's wise to take deep dives into his thinking. At first I scoffed at Buffett's move, but after seeing this video on his reasons, I think he's not wrong and BYD stock owners ought to at least seriously consider Buffett's reasons.
I find it odd that byd doesn't trade on the real markets in the US market like the NASDAQ where no trades . They trade where penny stocks live int the over the counter trades. This is also a place where bankrupt stocks go to die . It's probably because they don't want to provide company information that is required by the more popular and regulated exchanges .
Berkshire Hathaway is increasingly becoming a Big Oil company, investing $billions and $billions in Occidental Petroleum and Chevron.
Buffet is also selling Apple.
If you say that something is true, then we MUST have proof. You did not supply any proof on the China/Brazil story. Thanks.
I’ve sent a text to Mr Buffet telling him that The Electric Viking says you made a big mistake.
Ford used to be vertically integrated.
Berkshire Hathaway' cannot beat the Market anymore. His Golden years are over unfortunately.
Another insightful video Sam thank you
Lol, what was insightful about it? No industry or business knowledge, just his (biased) opinion
That's right. He provided no proof.@@DaveG7920
Sam, Berkshire is far more than primarily Apple.
I’m American, and I’m stupid. Everyone is pretty stupid.
It’s Sao Paolo not San Paolo
'Stupid people sharing misinformation online are the worlds problem'
Absolutely and your extreme BEV bias is one of those problems, your videos are basically an advertisement for Chinese EV's without any actual motor industry knowledge and yet anyone who doesn't share your view is 'stupid'.
I think the smartest thing is to invest in presales like Adaxum, that will launch in following months and catch the peak of the cycle.
Tesla raises prices in Canada Feb. 1st.
People who say EVs are bad for the environment are stupid? Well, they do have some evidence as justification and calling them stupid isn't really a good counter argument.
As for Buffet - he's good a good track record so he's probably on to something.
I remember having seen a video here in UA-cam several years from from a Tesla employee reporting Slavery work conditions that had wrecked his mental health. So, make your own conclusions.
The ev dream is over in the America's and Canada,,, it wasn't going too work since the America's is frozen for 6 months of the year... 😂
Sanctions and US image is a big thing - Warren being seen as a Chinese supporter would make him a target and where sanctions go is a big roll of the dice ?
Purely speculation.
are BYD fans mostly Mainland Chinese?
Berkshire Hathaway invested early and made huge profits
However, its been trading between $HK320 and HK$150 since early 2021
So the stock price is similar to 4 years ago no growth only good for longer short/medium term swing trading
If BM invests it wants either good dividends or share price growth and Warren doesn’t really like tech stocks. He prefers insurance companies and banks
He didn’t invest in Tesla and he and Munger (dec’d) admits he missed that one because of their reticence towards tech companies at the time
Tech has a lot of volatility which traditional investors like Buffet try to avoid. They just want strong profits and gains, strong dividends and minimal risk as well as a dead cert
The presale structure of Adaxum, with its tiered bonuses, offers attractive opportunities for investors at various levels.
It's about bloody time someone lifted the hood on BYD corporate and showed us the warts. These can fairly be explained as growing pains in a rapidly changing global business climate but they do exist and denying them is dishonest. That said, they're all problems that come from massive growth and as such they're problems that GM, Ford and Toyota would dearly love to have!
BYD's profits and margins are very poor when compared to TSMC. If Buffet did not hold on to TSMC, there is really no reason to keep BYD in its portfolio
BYD's debt-to-equity ratio is still less than 0.4, which is less than Tesla's 0.7 and Ford's 3.59. Buffett probably concerns about the trade war between US and China could adversely affect the future of BYD. Moreover, BYD is not Coca Cola.
He is scared about the war and the fact that Chinese companies do not rely on the stock market.
This is why I never bought BYD shares... 🤷♂️
I'm mostly invested in Geely and some NIO + Xiaomi
Geely vecause they are the only ones in Chona sitj a readable and some international branding, They still make ICE vehicules and their models and choices of narket makes complete sense. I nay be wrong but their sales increase is even more impressive than BYD, which in my view is also overpriced because of the "Warren premium"
I like NIO because their Chinese strategy with replacement batteries is absolutely brilliant.
About Xiaomi, if you lived in China like me, you would know Xiaomi is like Apple, they know how to build, rhey know qulity and they know hiw to market stuff.
But don't get me wrong, the carnage has just started... 😱 The fight will be terrible😵.
The next few years will be surprising, to say the least 😏
Projects like Adaxum are what make altcoin season exciting. Cutting-edge innovation paired with high growth potential.
Insider knowledge.
It is a shame the US government is increasing inflation by the use of tariffs. The American public deserves better than this. The ban on Chinese software is depriving the American public of products that they want and need. I would consider purchasing a BYD vehicle if one were available. But the way the winds are blowing I will likely never see one.
It's normal for fund managers to rebalance their portfolio in response to changing conditions. Throughout Buffett's career there are numerous times people like to call the demise on the companies he reduced his holdings on. It's like the pied piper leading a pack of blind rats. I think Buffett himself would rather advise people do their own research and evaluation.
From china not Taiwan
Buddy !!!,..if i was dumb HOW would i know ???
Come on Man