It is worth paying attention when the world's richest man ûand arguably one of its most successful investors û does something in your neck of the woods. On Monday, a subsidiary of Warren Buffett's Berkshire Hathaway spent $230 million on a 10% stake in Chinese rechargeable battery manufacturer BYD Company. And with markets around Asia at a low, now could be the right time to enact Buffett's investment philosophy of buying stocks cheap and holding them long.
At least that is what Chinese securities company Guotai Junan suggests in its September A-share strategy report. Published before the announcement of the BYD deal, the report takes note of a US television interview in August where Buffet...
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