Subject: Re: Munger : BRK a pretty damn good bet
"Would munger be selling byd if he lived in a cap gains , tax free state?"

Probably not. Remember that Charlie has more faith in the rule of law in China than Warren probably does. Charlie said that BYD had gotten pricey. It didn't make sense to sell because of high state taxes. Perhaps Warren looked at rising tensions between US and CCP and the high valuation and decided to lighten up (BYD). Buffett dumped TSM for a reason.