Sep. 22 at 4:58 PM
Warren Buffett says goodbye to BYD and turns to Japan
After 17 years, Warren Buffett has officially closed his historic stake in BYD, the Chinese electric vehicle giant. The investment, started in 2008 with around
$230 million, turned into a multibillion-dollar gain.
Why exit now?
• Competitive pressures in China: the EV market is crowded, with shrinking margins.
• Geopolitical risk: trade tensions and less predictable regulations.
• High valuations: BYD has run a lot, perhaps too much.
Buffett is now looking east, but not at China: at Japan. Berkshire Hathaway has strengthened its stakes in the five major Japanese trading houses (Mitsubishi
$MUFG, Mitsui, Marubeni, Sumitomo
$SMFG, Itochu), diversified companies operating in energy, commodities, logistics, and technology.
What does Buffett see in these companies?
• Stability and governance.
• Generous dividends.
• Long-term horizon: Buffett himself said he could hold them “forever.”
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