Subject: Re: Munger : BRK a pretty damn good bet
"He says, Byd is the best thing he ever did for brk and it's way ahead of Tesla in China. Byd has a huge footprint to expand capacity in China. Apparently Buffett is the seller,why?"

Becky asked Charlie why Berkshire was selling certain stocks (banks, BYD) while he was not. He replied that the main reason was that California has onerous capital gains taxes. He then went on a rant about how California was trying to drive out businesses and billionaires...and was largely succeeding.