$Berkshire Hathaway(BRK.B)$The

2022-09-03

$Berkshire Hathaway(BRK.B)$There has been alot of rumour and speculation on why Berkshire sold $BYD COMPANY(01211)$.

keep in mind Berkshire has 105 Billion of cash and it does not need 47 Million. The only reason Berkshire sold some of the shares was to reduce ownership from above 20% to only 19%. If Berkshire is to have a ownership of more than 20%, then it will have to consolidate the earnings of BYD into its own financial statement as well. And since BYD is a china company, it is going to be extremely hard and complicated to do so.

People need to stop overreacting really. BYD is a solid company and Berkshire will forever be a compounding machine.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

HLian
2022-09-04
HLian
ok
AlfonsoDex
2022-09-03
AlfonsoDex
ok
KAISIANG123
2022-09-03
KAISIANG123
Ok
Mingming789
2022-09-03
Mingming789
ok
ATH
2022-09-03
ATH
ok
Spellgirl
2022-09-03
Spellgirl
Ok

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The only reason Berkshire sold some of the shares was to reduce ownership from above 20% to only 19%. If Berkshire is to have a ownership of more than 20%, then it will have to consolidate the earnings of BYD into its own financial statement as well. And since BYD is a china company, it is going to be extremely hard and complicated to do so.&nbsp;People need to stop overreacting really. BYD is a solid company and Berkshire will forever be a compounding machine.&nbsp; <img src=\"https://community-static.tradeup.com/news/444b3d69fc333f7559a835c3f13f6abb\" tg-width=\"1080\" tg-height=\"1527\"></body></html>","htmlText":"<html><head></head><body><a href=\"https://ttm.financial/S/BRK.B\">$Berkshire Hathaway(BRK.B)$</a>There has been alot of rumour and speculation on why Berkshire sold&nbsp;<a href=\"https://ttm.financial/S/01211\">$BYD COMPANY(01211)$</a>. keep in mind Berkshire has 105 Billion of cash and it does not need 47 Million. The only reason Berkshire sold some of the shares was to reduce ownership from above 20% to only 19%. If Berkshire is to have a ownership of more than 20%, then it will have to consolidate the earnings of BYD into its own financial statement as well. And since BYD is a china company, it is going to be extremely hard and complicated to do so.&nbsp;People need to stop overreacting really. BYD is a solid company and Berkshire will forever be a compounding machine.&nbsp; <img src=\"https://community-static.tradeup.com/news/444b3d69fc333f7559a835c3f13f6abb\" tg-width=\"1080\" tg-height=\"1527\"></body></html>","text":"$Berkshire Hathaway(BRK.B)$There has been alot of rumour and speculation on why Berkshire sold $BYD COMPANY(01211)$. keep in mind Berkshire has 105 Billion of cash and it does not need 47 Million. The only reason Berkshire sold some of the shares was to reduce ownership from above 20% to only 19%. If Berkshire is to have a ownership of more than 20%, then it will have to consolidate the earnings of BYD into its own financial statement as well. And since BYD is a china company, it is going to be extremely hard and complicated to do so. People need to stop overreacting really. 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