One thing I admire about Warren Buffett is that he always told it like it is…good or bad. And he has usually been right too.
According to Buffett, things aren’t going to get better any time soon. The “economy will be in shambles throughout 2009 and, for that matter, probably well beyond.”
{ 2 comments… read them below or add one }
Dear Tony: Buffett’s stock has dropped 47% since September when it traded at 144,000, it hasn’t taken a year. Only 5 months or so. The question I have for you is that you were enthused about China last June just before it dropped by half. Will your next effort to promote investment there be as good a call?
Tony,
I have been in the large format Lithium Ion business, as a founder, developer and manager. Intially I started using cells produced in China (Thunder-Sky)
I disagree with his investment in BYD. i have looked at the BYD cells and the integration into their electric car. The car looks good but after review I feel the technology is weak. The cells are too small and they have not purchased a license for Iron Phosphate. The cells being small means you need a complex Battery Management System (BMS) for cell management and safety. The Phosphate license is owned by Hydro Quebec and BYD can only use the material without a license in China. In the long run they may have merit but at this time I believe its watch and wait.
i am concerned about the quality of their cells, BMS and integrated battery. One fire caused by a battery in a car and they may have greatly reduced market.
Give this some thought, if you need further input please call or write.
John Kaufman 201-694-1108