I recently had an amazing once in a lifetime opportunity to attend a Question and Answer session with Warren Buffet. Among the numerous questions answered by Mr. Buffett were a few about the auto industry. First up was a question about Buffett's recent vote of confidence in BYD amid rumors that he might sell his share. Famous for not investing in companies and industries that he does not understand personally, Buffett nevertheless believes that BYD will succeed. Buffett’s reasons behind his optimism about BYD are not based on the company’s battery expertise but are rather much simpler and fundamental.
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