Group 1 - Berkshire Hathaway has completely exited its stake in Chinese electric vehicle manufacturer BYD, which was initially a profitable investment [1][3] - The company began reducing its holdings in August 2022, having purchased 225 million shares for $230 million in 2008, with the value surging by 41% to $9 billion in Q2 of the same year [1][4] - By June of the previous year, Berkshire had sold nearly 76% of its shares, reducing its stake to below 5% of BYD's circulating shares, which allowed it to stop disclosing further reductions [1][4] Group 2 - Berkshire Hathaway Energy reported the investment value as zero as of March 31, confirming the complete sale of BYD shares [3][4] - The initial investment was made 17 years ago under the recommendation of Charlie Munger, who described BYD and its CEO as a "damn miracle" [6] - Warren Buffett acknowledged BYD as an "extraordinary company" but indicated a preference for reallocating funds elsewhere [8] Group 3 - Concurrently, Berkshire sold nearly all of its stake in TSMC (approximately $4 billion), with Buffett expressing concerns about the current economic environment [8] - Buffett and Jamie Dimon have advocated for companies to stop providing quarterly earnings guidance, arguing it leads to unhealthy short-term profit focus at the expense of long-term strategy [9][10] - They emphasize the importance of companies continuing to provide actual performance reports to allow stakeholders to assess progress reliably [10]