Poor Charlie's Almanack: The Essential Wit and Wisdom of Charles T. Munger · chapter 5 · id poor-charlies-almanack-c5-02-munger-personally-championed-t

“Munger personally championed the BYD investment in 2008, buying 225 million shares at 8 HKD ($232 million), which grew to a multi-billion dollar position.”

holdsconfidence: high✓ ZHP-verified + red-teamed

Receipts

Berkshire Hathaway 2008 Annual Reportsource alive

MidAmerican Energy (Berkshire subsidiary) acquired 225 million shares of BYD Company at 8 HKD per share in September 2008, approximately US$232 million.

Hong Kong Exchange major shareholder disclosure filings (BYD 1211.HK)source alive

Berkshire's BYD stake was 9.89% at purchase. Starting 2022, Berkshire began trimming; by mid-2024 the stake was approximately 5-6%.

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