Replies to post #143 on BYDDF (BYDDF)

[zoobadooba]

this is the bottom

[TheBunny]

Berkshire Hathaway who's a 10% owner of BYD, #3 man, David Sokol, has just 'resigned' under a cloud of suspicion of 'front loading' a company that Berkshire later bought into.

In a major interview today on CNBC David Sokol said this about Charlie Munger who is Buffet's #2 man and about BYDDF:
>> 7:58 AM: Sokol notes that Charlie Munger had a 3 percent stake in BYD before Munger suggested to Sokol that he look at the Chinese electric car-maker.<<

http://www.google.com/url?sa=t&source=web&cd=2&ved=0CBsQFjAB&url=http%3A%2F%2Fwww.cnbc.com%2Fid%2F42355608&ei=tCOVTcPVM5DCsAO189TBBQ&usg=AFQjCNH5JICD1N2RAe9C0kpNiSh_pM8e8Q

A very important insight of how Warren 'Invested' in BYDDF after his #2 man Charlie Munger had already bought 3% of the company.
So according to David Sokol, he did nothing wrong.
That can be up for debate of course but it opens up a very interesting 'real world' insight of how Warren Buffitt bought a 10% stake in a high risk Chinese company that normally would not happen.

Post is ALL about BYD (BYDDF).
A serious development here that should be of interest to stock holders of BYDDF. I ask other posters for their opinions of these 'fresh' revelations.


-bunny-