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What’s Charlie Buying?

by NFI. Average Reading Time: less than a minute.

Charlie Munger is Chairman of a small company in California called the Daily Journal Corp. Below is an excerpt from its most recent quarterly report:

During the second quarter of fiscal 2011, the Company bought shares of common stock of two foreign manufacturing companies.

Source

Meanwhile, the stock price of BYD, the Chinese manufacturer of which Berkshire owns 10% and Munger has spoken enthusiastically, is down 2/3 from its highs.

Which leads us to wonder…is Charlie buying BYD at these prices?

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