By Daily Crux Editor Brian Hunt:
One of the few businesses capable of producing a stock mania in the coming years is the battery industry. The first company to make a viable battery-powered car will quickly become the world champion of cars. Governments are willing to throw billions at the idea.
Warren Buffett might have found the best candidate. As this Fortune article explains, Buffett recently bought shares in a small Chinese tech company called BYD.
BYD is run by a brilliant entrepreneur named Wang Chuan-Fu... who has developed some amazing ways to run a car company. This article introduces the man and the company who could be the biggest thing in cars and batteries for the next decade...
Read full article...
Crux note: For a fascinating article on how Bolivia could control the battery market, click
here.
Another big Buffett idea:
Warren Buffett warns of massive investment bubble to pop