My Diary 440 --- Discussion on the deal of BYD 1211HK

Buffett/Berkshire to pay US$ 225m for a 10% stake in BYD. Stock flies!

J: Josun, see the Fortis news?

M: Short pingan. Btw, we get the answer. Buffet is buying BYD, not banks.

J: To be honest, i'm more than shocked, the old man is making new progress every year and touching all fields of business… Just unbelievable..I was reading the Warren Buffett Way last night and the preface by Ken Fisher is so good …The more i read about him the more i reckon he's almost impossible to replicate/exceed

M: Will you trace Warren to buy 1211HK

J: Honestly i'm more than shocked that he's touching this sector as he's always been cautious on technology related stuff ….But this may be an energy angle stock to him, i don't know ….His "circle of competence" is just amazingly expanding year after year, can you imagine he's over 80 years old now? ..I don't have any information on the hybrid cars or batteries or anything BYD produces, not to mention thoughts

M: One thing I learn after he buys BYD is 活到老，學到老， 想到老，挑到老

J: exactly, that's why he's a legend ….Making progress and exceeding himself every year