Whoa! Working on my Berkshire model here. $BRK owns ~7.5% of BYD. Paid<$250m in '08. Sales were $17.5B in '19, matching the market cap of $17B at year-end '19. $BRK's position was $1.1B, a nice gain over 12 years. The shares rose from HKD38.85 on 12/31/19 to 254.60 yesterday..1/2 
Exchange rate is 7.75HKD/USD. Sales in $ are now $20B. Market cap? $98B. EBITDA margin 13%. BRK's position closed 2020 at $5.9B and is now $7.5B! You won't see it in BRK's 13-F but the position is now the 6th largest in the stock portfolio! Omaha to Charlie, "Time to sell?" 2/
The stock was up 423% in 2020 alone. Over the ~12.5 years Berkshire's owned it, BYD compounded at more than 32% per year, much of which came when the EV mania took hold in June. It's up 25% already in 2021. Just imagine if it catches the EV CAR company I won't mention here! 3/
With sales at $20B v $30B, a $98B market cap v $1 trillion sounds like a bargain in this new era of valuation. I give up but damn! What was a rounding error of an investment has grown to nearly 1% of Berkshire's total assets & 2.5% of the stock portfolio. Way to go, Charlie! 4/
Housekeeping item: It's widely reported that $BRK owns 25% of BYD. No. Their 225m share position is 24.6% of the HK traded shares only. I believe its also held in MidAmerican Energy for those interested in what's is held in the insurance portfolio & what's not. In the weeds...5/5
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