Cherry Coke in the "Warren Buffett" Can

[Randy W]

in the SCMP

 

Cherry Coke launches in China, with cans featuring likeness of Warren Buffett

Buffett, a ‘financial god’ in the region is the beverage’s most well-known fan

 

http://cdn2.i-scmp.com/sites/default/files/styles/980x551/public/images/methode/2017/04/04/1046d67c-18e6-11e7-b4ed-ac719e54b474_1280x720_112837.png?itok=1AFD1g1u

 

“I can’t think of a better way to launch Cherry Coke than with its best-known fan on the package,” Coca-Cola Chairman and CEO Muhtar Kent said in a release. “It is an honour for us to be able to feature Warren on his favourite drink as it rolls out in one of the world’s most exciting and dynamic consumer markets.”

Cherry Coke was launched in the Chinese mainland on March 10 and Buffett’s likeness will appear on special edition cans during a promotional period and while supplies last, the company said.

 

 

 

[Randy W]

Perhaps now that he's finished selling, my own investment in TSMC can recover (it went up 5.8% yesterday).

Warren Buffett's Berkshire Hathaway sells entire stake in TSMC

from CNN Business

Updated 7:44 AM EDT, Tue May 16, 2023

Quote

 

In a Monday filing, Berkshire Hathaway (BRKA) disclosed that it was no longer holding a stake in Taiwan Semiconductor Manufacturing Company (TSM) as of the end of the first quarter.

In recent weeks, Buffett had repeatedly expressed concerns over the future of Taiwan, the self-governed democratic island where TSMC is based. China's Communist leadership has long claimed Taiwan as part of its territory, despite having never ruled over it.

The move completes an exit from TSMC by one of the world's most watched investors, which had already been winding down its stake in recent months.

In February, Berkshire revealed it had sold 86% of its shares in TSMC, which were purchased for $4.1 billion just months before. The quick sale was considered unusual because Buffett is known for making longer term bets.

 

 

 

 

Edited May 18, 2023 by Randy W (see edit history)

[Randy W]

They are also reducing their stake in BYD, albeit only about a 3% reduction ("The sale on June 19 lowered Berkshire's holdings in BYD's issued H-shares to 8.98% from 9.21%, the filing to the Hong Kong stock exchange on Monday showed.").

Berkshire Hathaway, the investment company owned by Warren Buffett, has sold 2.53 million Hong Kong-listed shares of electric vehicle maker BYD for HK$675.80 million ($86.3 million), a stock exchange filing showed.

from Reuters on Facebook 
https://www.facebook.com/Reuters/posts/pfbid0kKBbDtrygdoGZC2BetyLQNPYjfQTSFBtonnnF2HjzBDAhRxNVxm9ts44g3YgX1zl