Warren Buffett began investing in Chinese electric vehicle (EV) maker BYD back in 2008.
He held the position through 2022 when he began gradually selling off shares.
Earlier this week, Berkshire Hathaway announced that it would be selling another 1.3 million shares, decreasing Buffett’s stake in the company from 7% to 6.9%.
It’s not a very significant move in the grand scheme of Buffett’s holdings, but I couldn’t help but wonder … “Why now?”
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