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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Paul Senior who wrote (41829)	3/17/2011 7:52:35 PM
From: hardincap	Read Replies (1) \| Respond to of 78753

Whats your rationale for selling BYDDF? I hold some and will add if it falls further.

To: Paul Senior who wrote (41829)	3/17/2011 9:19:37 PM
From: Jurgis Bekepuris	Read Replies (1) \| Respond to of 78753

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.