CNN interview with Warren Buffett investee Wang Chuanfu of BYD, April 22, 2009 (2 of 3). Warren Buffett's Berkshire Hathaway invested in Chinese automaker BYD in 2008. Charlie Munger has said about Wang Chuanfu: "This guy is a combination of Thomas Edison and Jack Welch - 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."
of course, that's why he mentioned the resources at the beginning as the major contributing factor for the success, because the GOVERNMENT supports only these guys who have strong connections with them, so that the resources can be restricted from others to access only for these guys to use, that's total unfair competition
achilles198585 1 year ago