> Warren Buffett Blog: April 2015

Thursday, April 30, 2015

BYD car company owned by Warren Buffett wins contract in USA

BYD, the Chinese automaker part-owned by Warren Buffett’s Berkshire Hathaway Inc., projected it will sell as many as 200 electric buses in the U.S. this year after securing its biggest order from a mass-transit operator.

The company won the contract in the U.S. from the Long Beach Transit Authority, which serves portions of the Los Angeles metropolitan area, BYD Senior Vice President Stella Li said in a telephone interview. The authority’s board approved the purchase of an initial 10 electric buses, each costing about $800,000, with options for its partner agencies to buy as many as 50 more, Li said.

The Long Beach deal marks BYD’s biggest order for electric buses outside its home market since the Shenzhen-based company opened a bus factory in California a year ago to push into the U.S., Canadian and Latin American markets. 

The company has sold more than 5,000 of the electric buses globally, with about 50 of its buses in operation in the U.S.

Wednesday, April 29, 2015

Stock market quote on when to sell or buy

"I will tell you how to become rich. Close the doors. Be fearful when others are greedy. Be greedy when others are fearful."

Tuesday, April 28, 2015

Buy stocks at a good price instead of over paying

"It's far better to buy a wonderful company at a fair price than a fair company at a wonderful price."

Monday, April 20, 2015

Warren Buffett not surprised by IBM share prices

Folks have this false impression that—when we purchase a stock—we want it to go up. There have been no surprises at IBM considering the fact that we started out buying it a couple many years back. We anticipated earnings to occur down. We anticipated a 12 months like this wherever international trade would get a whack off revenues.

Friday, April 17, 2015

Changes needed in the Euro currency

I've often felt that the present arrangement with the euro would not stand the examination of time in the feeling that it would have to be modified. You harmonized the currency with out harmonizing a complete lot of other issues that have big results on the forex. The Greek predicament could illustrate the sort of adjustments that are needed

Wednesday, April 1, 2015

Buffett says share repurchases will be done if price drops below value

If Berkshire shares are selling below intrinsic business value, massive repurchases will almost certainly be the best choice. You can be comfortable that your directors will make the right decision.

No company will be more shareholder-minded than Berkshire. For more than 30 years, we have annually reaffirmed our Shareholder Principles, always leading off with: “Although our form is corporate, our attitude is partnership.” This covenant with you is etched in stone.