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The week's question
In December 2024, in the thread "Re: BRK: Why Not XOM?", BreckHutHigh asked the members: "What about the long road trips with kids?" This week it is put to everyone again. The button below opens the small thread re-asking it - read what others have said so far, then give your own answer as an ordinary reply.
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Stocks A to Z / Stocks B / BYD (BYDDY)
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Author: mungofitch 🐝🐝🐝 GOLD
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Number: of 113 
Subject: Re: Byd, has traded well this month,
Date: 01/31/23 3:27 PM
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No. of Recommendations: 15
Munger and Lu turned Buffett on to byb , it's definitely Buffett's trade.

Why do you conclude that?

It seems pretty clear that it was Mr Munger's original pick/suggestion.
It was certainly not an investment whose scale along screamed "Mr Buffett's pick", so that is no guide.
It wasn't a very big position to begin with, under $250m?

My guess has always been that the investment was pretty much entirely the action of (delegated to) Mr Munger and/or Mr Sokol.
It wasn't big enough for Mr Buffett to care that much, like any pick by T&T, and it was left outside his main portfolio within the insurance division.
Offhand, my impression is that Mr Buffett's involvement was limited to "I don't particularly object".

Once the capital at risk became appreciable after the gains, and with lofty valuation levels, taking the money off the seems more like a Buffett decision.
Especially, as others noted, with the high and increasing jurisdiction risk.

Jim
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This community has written 109 posts about BYD. The article-length ones it recommended most:
BYD financial statements review · 20 recs · 2024
Thinking Too Simply · 7 recs · 2024
Anti China Sentiment · 4 recs · 2024
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