Buffett thinks China has many investment opportunities and is interested in new energy

Mr Buffett sees China as an emerging market with many investment opportunities, and he is particularly interested in the new energy industry and will continue to hold BYD's shares.　　"Snowball: Buffett and his fortune in life," said Alice Schroeder, 17th in Beijing, "snowball rolling wealth-sharing the essence of Buffett's investment" during the tour. Interested in new energy, Schroeder revealed that she and Mr. Buffett have talked about China several times, including the Chinese economy, China's capital markets and the future of the world economy. "China will be one of the most important determinants of the future growth of the world economy," Mr. Buffett said. In an intimate interview with Mr. Buffett, she found that Mr. Buffett was curious to know how China's capital markets are regulated and how much they are interested in the size and type of Chinese companies. In Mr Buffett's view, the size of an enterprise is directly related to what investment decisions should be made.　　Buffett will also study the types of companies in China that match his investment philosophy and investment style. Schroeder, a managing director at Morgan Stanley, met Warren Buffett for writing Berkshire Hathaway's research report.　　She became one of the best people to know about Buffett's investment philosophy and its essence through a 5-year, 2000-hour personal interview. Buffett and his team are interested in the new energy industry, she said.　　Last year it was Mr. Buffett's partner, Munger, who proposed and advocated for BYD. "As far as I know about Buffett, he will insist on owning BYD. "she said. Last September, Mr. Buffett injected 1.8 billion dollars to buy 225 million shares in BYD's shares.　　For more than half a year, BYD has risen from the 8.4 Hong Kong dollar to its current 25.6 Hong Kong dollar, up 200%. Small businesses contain investment opportunities Schroeder points out that China now has a lot of small businesses that are on the rise, with a lot of investment opportunities, compared to mature American companies.　　Buffett has been able to tap into investment opportunities from small businesses, because he was young when he was very concerned about the stock of smaller enterprises, has carefully investigated the situation of enterprises, with the management of the company to meet, personally look at the warehouse and products.　　In this regard, Schroeder said, compared with the United States, the situation of Chinese companies more complex, value investment can be applied, but only a few companies. "There is a benefit in the New York stock market that listed companies have to make a profit so it is easy to judge whether the company is effective and whether its operations are sustainable." But most of China's businesses are young, so it's harder to apply value-investing ideas. This is something that must be taken into account when investing in emerging markets, where volatility is high.　　Schroeder said. In addition, Chinese investors to small and medium-sized enterprises or analysis than the U.S. market. "Buffett's value investment means that he is hands-on, able to personally investigate or understand these small businesses in order to make investment decisions."　　Schroeder said. Schroeder advises investors to stick to two points in their investments: first, ensure that the amount of each investment is not more than the amount of tolerable loss, because you are likely to make a mistake. An investment does not include many categories of assets。 Second, long-term possession.　　Overall, the growth rate of developing countries will be higher than that of developed countries, and investors must be patient if they want to gain in the long run. Over the next week, Mr. Buffett's followers will dispatched Shenzhen, Nanjing and Shanghai to analyze Buffett's investment philosophy to local investors. The Director of China Merchants Securities, the organizer of the Chinese tour of Schroeder, in order to give high-end customers more opportunities to listen to world-class investment ideas, China Merchants Securities Forum and Investment Strategy report will invite the most top domestic and foreign experts and scholars to communicate with customers on site, so that customers can understand the latest economic trends and international cutting-edge investment philosophy.