Warren Buffett Bought This Electric Vehicle (EV) Stock in 2008. Even After a 2,000% Return, It's Still a Buy in 2025. (Hint: It's Not Tesla.)
Warren Buffett owes a lot to the late Charlie Munger, his longtime friend and Berkshire Hathaway vice chairman. He called Munger "the architect of Berkshire Hathaway," crediting him with introducing him to the idea that he should focus on buying wonderful businesses at fair prices instead of seeking to buy fair businesses at wonderful prices.The results speak for themselves. Since Buffett received that advice in 1965, he has provided investors with a 20% compound annualized return. Munger was by his side for most of those 60 years, and he found quite a few wonderful businesses to invest in himself.One that Munger convinced Buffett to invest in back in 2008 was a company with leading technology and manufacturing capabilities in the emerging industry of electric vehicles. It was an incredible investment, which has returned over 2,000% on Buffett's original investment to date. And it's not too late for small investors to get in on it.Continue reading
Warren Buffett owes a lot to the late Charlie Munger, his longtime friend and Berkshire Hathaway vice chairman. He called Munger "the architect of Berkshire Hathaway," crediting him with introducing him to the idea that he should focus on buying wonderful businesses at fair prices instead of seeking to buy fair businesses at wonderful prices.
The results speak for themselves. Since Buffett received that advice in 1965, he has provided investors with a 20% compound annualized return. Munger was by his side for most of those 60 years, and he found quite a few wonderful businesses to invest in himself.
One that Munger convinced Buffett to invest in back in 2008 was a company with leading technology and manufacturing capabilities in the emerging industry of electric vehicles. It was an incredible investment, which has returned over 2,000% on Buffett's original investment to date. And it's not too late for small investors to get in on it.
