Entering China the Warren way
When the world's richest man takes a substantial stake in a Chinese company, is now the time to get more involved in A-shares? Guotai Junan thinks so.
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...
To continue reading, please login or register for free