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Warren Buffet rates the CEO as the second best CEO in the world (after Jeff Bezos) and invested in 2008: >BYD (for “Build Your Dreams”) is a Chinese manufactur
by ZeroGravitas 2y ago
Warren Buffet rates the CEO as the second best CEO in the world (after Jeff Bezos) and invested in 2008:
>BYD (for “Build Your Dreams”) is a Chinese manufacturer of automobiles and batteries that is building electric bus fleets and monorails for cities around the world. Berkshire Hathaway bought a large stake in the country in 2008. Wang, a trained chemist and the company’s low-key founder, is worth about U.S.$5.5 billion.
> Charlie Munger, Buffett’s long-time business partner and Berkshire Hathaway’s vice chairman, first suggested investing in BYD, Buffett told Quick. “Charlie called me one day and says, ‘We’ve got to buy BYD. This guy runs it better than Thomas Edison.’ And I said, ‘That isn’t good enough.’ And he called a little later and said, ‘He’s a combination of Edison and Bill Gates.’ And I said, ‘Well, you’re warming up but it still isn’t good enough.'”
> Eventually, Munger’s view prevailed. “Now it’s worked out so well that I’m actually starting to remember that it was my idea,” Buffett said. Of Wang, he added, “He’s got big, big ideas and he’s very good at executing.”
- mateus1 2y agoHoly, that’s insane praise. Thanks for sharing.