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“How did BYD get so far ahead?” Warren Buffett asked Wang, speaking through a translator. “Our company is built on technological know-how,” Wang answered. Wary as always of a technology play, Buffett asked how BYD would sustain its lead. “We’ll never, never rest,” Wang replied.
Buffett may not understand batteries or cars, or Mandarin for that matter. Drive, however, is something that needs no translation.
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Why Warren Buffett is investing in electric car company BYD - Apr. 13, 2009
Published on April 13, 2009 08:07