Ravi Nagarajan submits:
Berkshire Hathaway’s (BRK.A) investment in BYD (BYDDF.PK) made its first appearance in Warren Buffett’s annual letter (pdf) which provides a table listing common stock investments with a market value of more than $1 billion. As of December 31, 2009, Berkshire held 225 million shares of BYD with a market value of nearly $2 billion. Berkshire’s cost basis is $232 million. While the investment has appreciated significantly, it is unusual for Warren Buffett to purchase shares of what is essentially a technology company in a very unsettled industry environment.
“I am betting on the man.”