Li Lu , the hedge-fund manager who helped Berkshire Hathaway Inc. find profits in China, may push Warren Buffett ’s investment company to make more deals outside the U.S. if he takes a role at the company.
Berkshire Hathaway Inc. Vice Chairman Charles Munger said his family was invested in BYD Co. “for years” before his company took a stake in the Chinese automaker and that he disclosed the financial interest to his business partner Warren Buffett .
Warren Buffett moved one step closer to completing his succession plan, naming a Connecticut hedge fund manager with insurance experience to run a “significant portion” of Berkshire Hathaway Inc.’s investment portfolio .
Yang Shibo, a 50-year-old farmer in China’s Shandong Province, bought a refrigerator to keep vermin away from his family’s meat and vegetables. The government eased his purchase by knocking 13 percent off the price.