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Strategies & Market Trends : Value Investing
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To: Paul Senior who wrote (41829)3/17/2011 9:19:37 PM
From: Jurgis Bekepuris  Read Replies (1) of 78764
 
BYDDF - I never understood why Buffett bought BYD. His and Charlie's explanations seemed very far removed from "Buffettology" traditions. Seemed like they were just sold a dog and pony show like a couple of newbs. It seemed like a bet on jockey and not on the horse. And for a while it seemed like they struck the motherlode, but perhaps, like Buffett says "when lousy business meets a great manager it's the reputation of the business that remains intact".

Not that my performance in China is better than Buffett's. I guess he made a ton on PTR and he's still in green, but much less so with BYD.
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