Sunday, November 29, 2009

Warren Buffett: In 20 years, all cars on the road will be electric TNR.v, CZX.v, RM.v, WLC.v, LI.v, CLQ.v, AVL.to, RES.v, QUC.v, F, NSANY, RNO, BYDDY


"Something is telling us that we are close to the right Time again, like Warren Buffett was spot on the money last Fall buying into BYD with 250 million and now, one year after and almost an eternity passed in investment world of a slow motion crash video, he is sitting on 1 billion stake in the company and has made BYD founder the China's richest person along the way. This something could be the coming Copenhagen Climate Change conference or Nissan Electric Leaf on North American Tour or even this article about GM Volt anxious to be on time on the road."



BYD: "Build Your Dreams" - founder takes it quite literally and made his fortune already even without selling very many Electric Cars yet. One thing is to get Warren Buffett to advertise your product and another one is for Buffett to proclaim: "In 20 years, all cars on the road will be electric". China, Buffett and Electric Cars - what else do we need to start a new Trend? Bill Gates could help and Google guys are backing Aptera already...Jim Dines is all over it on Supply side with Rare Earth Elements and worries about Lithium oversupply will be blown away with every Electric Car sold. Maestro is giving us the most aggressive timing we ever heard or dreamed about rate of Electric Cars adoption - it is our "Big IF" in action.

"Time is always an essence, we can not afford to live a life of an artist, when she will be admired long time after her time. Money as all particles, which come and go, have a dual nature inhibited in their reality: Money love to test your patience as much as they are impatient themselves. They refuse to grow without a catalyst, even in the most fertile environment. They are always searching for the Trend: they like to come early and enjoy when others will be piling in."





More on BYD.

Warren Buffet here is even more aggressive then Nissan in their estimations: Bloomberg Nissan, FedEx Seek Electric-Car Target of 200 Million and now you can put your own figures on Lithium Demand side to that picture.

Omaha.com
Published Sunday November 29, 2009



By Steve Jordon

WORLD-HERALD STAFF WRITER


In 20 years, all cars on the road will be electric, Warren Buffett told college students visiting Omaha recently.
The Houston Chronicle reported that Jan Goetgeluk, president of the finance club at Rice University’s Jesse H. Jones Graduate School of Business, asked what Buffett thought of the “peak oil theory,” the projection that oil production is at or near its peak and will decline rapidly.
Goetgeluk also asked Buffett what would replace carbon fuel.
Buffett made the all-electric prediction and said his investment in the Chinese battery and auto company BYD is working on technology to make the all-electric auto fleet happen. BYD founder Wang Chuanfu, Buffett said, is a genius.
Buffett also admitted an investment mistake when it came to BYD — namely, that his investment company, Berkshire Hathaway Inc., bought only 10 percent of BYD. Berkshire should have bought 20 percent, Buffett said.
Todd Finkle, a former Omahan who heads Akron University’s entrepreneurship program and brought a group of Ohio students, said Buffett also expects high-speed trains in the United States.
In a question-and-answer session and informally over lunch, Buffett discussed a wide range of topics.
He said the United States still will be the leading economy in 25 years, but by a narrower margin. Success by emerging countries such as China is OK, because growth in their economies helps the U.S. economy, too, he said.
Buffett said his sessions with students are similar to the classes Benjamin Graham taught at Columbia University in the 1950s. Graham taught one class a year and donated his salary to the school.
Buffett said he wants business students to know that ethics and hard work are the most important things, and that people have a responsibility to try to improve society and help other people.
“He’s kind of our idol,” Goetgeluk said. “It’s always interesting to get perspective from the most successful investor in the world.”

1 comment:

Klaus D. said...

Buffet knows a lot on money and investments but he has no idea on the limitations of electrochemical storage batteries, i.e. energy density, lifetime/cycle life, charge time and safety and also the huge cost. All these restriction will result in 1% electric cars by 2020. Better chances have hybrid cars and extender Hybrids (PHEV) Buffet fell in the trap of BYD, he follows a Chimäre. Rather surprising and an indicator of poor judgement.