Charlie Munger: WHY BYD WILL BEAT TESLA

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결론: 멍거는 테슬라보다 BYD를 선호하며, BYD의 중국 시장 성장과 자동차 사업 성과를 높이 평가한다. 투자 선호: 테슬라는 작년 중국에서 가격을 두 차례 인하한 반면 BYD는 경쟁 업체 대비 가격을 올렸고, 중국 내 BYD의 우위가 압도적이라고 설명. BYD 규모: 중국 내 BYD의 제조 공간이 맨해튼 섬의 큰 비중에 해당할 정도로 크다고 언급. 버크셔 매도 질문: BYD 지분 일부 매도는 미중 관계 때문이 아니라 경제적 이유라고 답변. 멍거 본인도 약 1년 전 더 높은 가격에 일부 매도했다고 밝힘. 매도 이유 평가: 현재 주가收益 배수 약 50배로 비싸다고 판단. 다만 BYD 자동차 판매는 올해 약 50% 증가할 가능성이 있다고 봄. 시가총액 비교: 현재 BYD 시가총액이 메르세데스벤츠 전체 시가총액보다 크다고 언급, 저평가 종목은 아니라고 평가. 버크셔와의 관계: 멍거는 자신이 '미니 버크셔'가 아니며 버크셔의 행동과 큰 상관관계가 없다고 강조. BYD 성장 스토리: 휴대폰 부품 회사에서 시작해 자동차 사업으로 진출, 작년 자동차 부문 매출 20억 달러 이상. 멍거와 릴루(Li Lu)가 초기 투자 권유에 관여했다고 회고. 리스크: 높은 밸류에이션, 지정학적 요인 가능성 언급. 출연자 전망: 명시적 단기 가격 전망 없음, 장기적으로 BYD 성장성 긍정적 평가.

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01. welcome to invest Avenue where we delve into the insights of prominent investors like Charlie Munger in this segment we explore Mr monger's preference for investing in byd over Tesla and his reasoning behind it additionally we'll touch upon recent movements at Berkshire Hathaway and whether the sale of some byd in Taiwan semiconductor shares was influenced by geopolitical factors or purely economic reasons question from Steven Spencer he's curious why Mr Munger prefers an investment in byd to Tesla well that's easy Tesla last year reduced its prices in China twice byd increased its prices for direct competitors we're so much ahead of BYU I mean byd is so much ahead of Tesla in China it's like a it's just it's almost ridiculous and if you look at byd which most people never heard of if you count all the manufacturing space they have in China to make cars it would it would amount to a big percentage Manhattan Island and nobody ever heard of them a few years ago all right let me jump to another question this one comes from Michael aseo who says did the this is regards to some movement at Berkshire some sales of Berkshire stakeholdings did the sale of some byd and Taiwan semi-shares have anything to do with the relations between the United States and China or was it for purely economic reasons well maybe he's talking about 50 times earnings that is a very high price on the other hand they're likely to have increased their auto sales by another 50 this year so it's we sold part of ours by the way years ago not years but about a year ago at a much higher price than the selling for now and uh no we're not a mini Berkshire we're not going to have a big correlation between us and what Berkshire does and you you could understand why somebody will sell berkshire's byd stock at 50 times earnings at the current price of byd stock little byd is worth more than the entire Mercedes Corporation market capitalization so it's not a cheap stock on the other hand it's a very remarkable company and by the way I want to tell people the great contribution I made to the successica 6 as a byd I we got into it through lilu and then it was a little company that knocked off the Japanese cell phones and the chairman who's a kind of a genius say I want to buy a bankrupt a little crappy autoplay and I'm going to the auto business from dead scratch when he's making cell phones little tiny nothing company and both Lilo and I started talking about it please don't do this dumb thing if you get your head handed to you go into your own business little byd and so forth well last year they made more than two billion dollars in the auto business from that standing start at zero it's unheard of but Lee Lewis Knight is there all the credit because we tried to get him we tried to talk about and doing what worked so well well which shows that there's some accident in life in conclusion Charlie munger's preference for investing in byd over Tesla seems to be driven by byd's remarkable growth in the Chinese market and its success in the automotive industry as for the recent movements at Berkshire Hathaway Mr Munger suggests that the decision to sell some byd shares might have been influenced by its relatively high priced earnings ratio while geopolitical factors may play a role in investment decisions Mr Munger emphasizes that there's no significant correlation between his investment choices and those of Berkshire Hathaway byd's remarkable Journey from a small company in the cell phone industry to a major player in the automotive business showcases the unpredictability and opportunities that life's accidents can present in the world of investing