<<Yes it was Munger sourced from Li Lu and David Sokol did the diligence for Berkshire. Buffett always deferred any BYD questions to Munger, as it was his idea. Agree he didn’t love it but I imagine Buffett had sign off. But not sure. Munger did use BYD as an example of Buffett continuing to learn, even with his advancing years…>>

Buffett was totally onboard for the BYD purchase. I was at the annual meeting where WEB said they (Charlie & Warren)
wanted to buy 20%of BYD but Wang did not want to give up that much of the company and Warren said you had
to really respect him for that so they ended up with 10% of BYD.

The "Financial" Press misreported Berkshire's percentage of ownership with BYD over the years because they
got mixed up on the various classes of shares available and the Hong Kong shares.

At the same BRK meeting Charlie described Wang as a cross between Thomas Edison and Jack Welch.
Just telling you what he said folks on the other board a long time ago this stirred up a hornets nest
of Jack Welch comments. Life goes on ....

Berkshire Hathaway FAQ

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