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	<title>ChinesePublicCompanies.com &#187; BRK-B</title>
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		<title>Berkshire&#8217;s Munger: BYD CEO is &#8220;combination of Edison and Welch&#8221;</title>
		<link>http://chinesepubliccompanies.com/berkshires-munger-byd-ceo-is-combination-of-edison-and-welch-074/</link>
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		<pubDate>Thu, 20 Aug 2009 14:37:53 +0000</pubDate>
		<dc:creator>Thom</dc:creator>
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		<description><![CDATA[Berkshire Hathaway&#8217;s (BRK-A) investment in BYD is old news, but the company &#8211; and Berkshire Hathaway&#8217;s confidence in it &#8211; continues to intrigue.
Though I had heard of BYD (listed on the Hong Kong Stock Exchange) in passing last fall when Berkshire Hathaway Inc.  [[BRK-A]] bought 10% of the Chinese battery and car company for approximately [...]]]></description>
			<content:encoded><![CDATA[<p><strong>Berkshire Hathaway&#8217;s (BRK-A) investment in BYD is old news, but the company &#8211; and Berkshire Hathaway&#8217;s confidence in it &#8211; continues to intrigue.</strong></p>
<p>Though I had heard of BYD (listed on the Hong Kong Stock Exchange) in passing last fall when Berkshire Hathaway Inc.  [[BRK-A]] bought 10% of the Chinese battery and car company for approximately $230 million, I ran across this comment Berkshire co-Chairman Charlie Munger made about BYD’s CEO to Fortune:</p>
<p><em>“[BYD CEO Wang Chuan-Fu] is a combination of Thomas Edison and Jack Welch &#8211; something like Edison in solving technical problems, and something like Welch in getting done what he needs to do. I have never seen anything like it.”</em></p>
<p>That is a serious compliment coming from Warren Buffett’s right-hand man. The same Fortune articles notes Wang’s frugality- “the last time BYD executives traveled to the Detroit auto show they rented a suburban house to save the cost of hotel rooms.”</p>
<p>The full article from April is still available on CNNMoney, and it is certainly worth reading. BYD could offer a serious opportunity – even though the company&#8217;s shares are up some 500% since Berkshire Hathaway’s investment – but at the very least the article gives insight into the psyche of a true entrepreneur and innovator.</p>
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