Puffett Monage Bate Exit session

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Berkshire completely out its profitable share of the Chinese EV maker

Berkshire Hathaway has completely out of investing very profitable stocks in the Chinese electric vehicle maker Byd.

In August 2022, Berkshire began reducing the status of 225 million He bought in 2008 For $ 230 million.

This was followed by a 41 % jump in the value of the position during the second quarter of that year to 9 billion dollars.

By June last year, Berkshire sold nearly 76 % of its shareBring it slightly less than 5 % of the premium BYD shares.

By crossing without this level, Berkshire no longer has to reveal subsequent sales under the Hong Kong Burns Stock Exchange, as much as we knew that the company owned 54 million shares.

A Pavite watch However, the reader indicated that Q1 financial deposit Written by Berkshire Hathaway Energy, the subsidiary company that held the shares, the value of the investment was included as zero as of March 31.

Berkshire spokesman confirmed that the BYD position has already been sold.

Based on the investment values listed in BHE reports, sales lasted after the share decreased to less than 5 % last year.

Berkshire purchased the initial 17 years ago at the request of Charlie Monger.

At the 2009 annual meeting, the shareholders were told that although he seemed to be “Warren and I am crazy”, he saw the company and its CEO, Wang Chuansu, like A curse miracle“

It was an incredible invitation. BYD shares increased by 3890 % during the years owned by Berkshire.

Buffett did not explain in detail the reason for the start of the bucket, but in 2023, He told Cnbc’s Becky Quick BYD is an “unusual company” run by “an unusual person”, but “I think we will find things related to the money that I will feel better.”

Almost at the same time, Berkshire sold almost all companies Taiwan half of the conductorsP Class, approximately $ 4 billion in shares, Just months after buying stocks While “re -evaluating” the geopolitical risks offered by Beijing’s demand that Taiwan is part of China. “It is a dangerous world,” he said.

One thing that Trump and Pavite (type) agree on (type)

Warren Buffett has not spoken publicly in the past few years about his liberal political views in general, Feel the shareholders in 2022 Some people feel “crazy in a sustainable manner” and “take it out to our companies”, which may harm employees and shareholders.

However, it is reasonable to assume that he does not see face to face on most issues with President Donald Trump.

But they agree, at least partially, on one thing: American companies should not chase short -term goals.

This week, the president Spread on the social truth The Securities and Stock Exchange Committee must allow companies to report profits every six months, instead of the current three months.

“This will save money, and allow managers to focus on managing their companies properly,” he wrote.

the SEC tells cnbc It is “giving priority to this proposal to increase the elimination of unnecessary regulatory burdens on companies.”

President Trump says that companies should not be forced to report on a quarterly basis

Buffett, who prefers to make decisions in the long run, urged companies to stop providing a quarterly profit guidance for each share.

A 2018 Piece of Wall Street Journal Participate in writing it Jpmorgan Chase’s Jimmy Damon “In our experience, the quarterly profit instructions often focus on short -term profits at the expense of the long -term strategy, growth and sustainability,” he says.

They said that this happens when companies retract the long -term spending to meet or overcome their short -term expectations when profits are affected by external factors that cannot control them.

They argue that “financial markets have become very focused in the short term” and the quarterly directions “is a major engine for this trend.”

How can the CEO manipulate short -term profits

However, there is an important discrimination.

Pavite and Dimon assert that they are not against reporting every quarter. They do not like companies that predict what these profits will be.

They said that companies should “continue to provide annual and semester reports that provide a review retroactively on the actual performance so that the public, including shareholders and other stakeholders, can evaluate real progress.”

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