Big Short Term Profit for Long Term Investor
Bloomberg reports:
Warren Buffett’s Berkshire Hathaway Inc. earned a $1 billion paper profit from an investment it agreed to make in Chinese carmaker BYD Co. less than a year ago.
The automaker has jumped fivefold in Hong Kong trading since the deal was announced on Sept. 27, helped by Buffett’s investment and rising demand for fuel-efficient vehicles. Three days earlier Berkshire agreed to an investment in Goldman Sachs Group Inc. that has since generated a paper profit of about $2 billion.
“When Warren Buffett says the sun shines out of somebody’s backside, it’s worth paying attention,” said Guy Spier, principal at New York-based hedge fund Aquamarine Funds LLC, who owns Berkshire shares and has researched BYD. Buffett is “betting on the jockey in this case,” Spier said, referring to BYD’s Chief Executive Officer Wang Chuanfu.
Berkshire’s MidAmerican Energy Holdings Co. unit agreed to buy 225 million new shares of BYD for HK$8 apiece. That stock now has a market value of HK$9.66 billion ($1.25 billion), based on today’s closing price. Buffett will pay HK$1.8 billion.
For the Full Story, Go Here:
posted by Stan Sakai @ 10:27 PM
4 Comments:
Hello !.
might , probably very interested to know how one can make real money .
There is no initial capital needed You may begin earning with as small sum of money as 20-100 dollars.
AimTrust is what you haven`t ever dreamt of such a chance to become rich
The company represents an offshore structure with advanced asset management technologies in production and delivery of pipes for oil and gas.
Its head office is in Panama with structures everywhere: In USA, Canada, Cyprus.
Do you want to become an affluent person?
That`s your chance That`s what you really need!
I`m happy and lucky, I started to take up real money with the help of this company,
and I invite you to do the same. It`s all about how to choose a proper companion who uses your money in a right way - that`s AimTrust!.
I take now up to 2G every day, and my first investment was 500 dollars only!
It`s easy to join , just click this link http://atyjekelyt.s-enterprize.com/otufahut.html
and lucky you`re! Let`s take this option together to get rid of nastiness of the life
Hi !.
You may , perhaps very interested to know how one can make real money .
There is no need to invest much at first. You may begin to receive yields with as small sum of money as 20-100 dollars.
AimTrust is what you thought of all the time
The firm incorporates an offshore structure with advanced asset management technologies in production and delivery of pipes for oil and gas.
Its head office is in Panama with offices everywhere: In USA, Canada, Cyprus.
Do you want to become really rich in short time?
That`s your choice That`s what you really need!
I`m happy and lucky, I started to take up income with the help of this company,
and I invite you to do the same. If it gets down to choose a correct companion who uses your funds in a right way - that`s AimTrust!.
I take now up to 2G every day, and my first investment was 500 dollars only!
It`s easy to get involved , just click this link http://onebupuko.mindnmagick.com/jovejal.html
and go! Let`s take this option together to become rich
Hi!
You may probably be very curious to know how one can make real money on investments.
There is no initial capital needed.
You may commense earning with a money that usually goes
for daily food, that's 20-100 dollars.
I have been participating in one project for several years,
and I'm ready to share my secrets at my blog.
Please visit blog and send me private message to get the info.
P.S. I earn 1000-2000 per day now.
http://theblogmoney.com
Hi everybody!
Sure, you’ve heard about me, because my fame is running in front of me,
friends call me James F. Collins.
Generally I’m a social gmabler. all my life I’m carried away by online-casino and poker.
Not long time ago I started my own blog, where I describe my virtual adventures.
Probably, it will be interesting for you to read my notes.
Please visit my blog. http://allbestcasino.com I’ll be interested on your opinion..
Post a Comment
<< Home