Berkshire Hathaway clears its stake in BYD, this investment arranged by Charlie Munger made a crazy profit of over 38 times.

Recently, Berkshire Hathaway has completed the sale of its entire stake in BYD, completely exiting its equity investment in the electric vehicle manufacturer BYD. This investment began in 2008, when under the strong push of Charlie Munger, Berkshire's MidAmerican Energy Holdings Company subscribed to 225 million shares of BYD for $230 million, accounting for 9.89%. During the 17 years of holding BYD shares, the stock price of BYD has increased by about 3890%, bringing Berkshire very substantial profits. In the second quarter of 2022, the market value of this stake surged by 41%, reaching $9 billion. Since August 2022, Berkshire has started reducing its holdings, and by June 2023, nearly 76% of the holdings have been sold, reducing the stake to below 5%. According to the rules of the Hong Kong Stock Exchange, subsequent reduction of holdings does not need to be disclosed. In the first quarter of 2024, Berkshire Hathaway Energy Company's financial reports showed that the investment value had dropped to zero, and a company spokesperson subsequently confirmed that it had been completely sold. Buffett has not detailed the reasons for the reduction, only stating in 2023 that BYD is an "extraordinary company" operated by "extraordinary people," but he will be looking for "a more reassuring use of funds."