Buffett’s PetroChina Investment: Finding Large Gaps Between Price & Value

[Liberty]

http://basehitinvesting.com/buffetts-petrochina-investment-finding-large-gaps-between-price-value/

 

Buffett purchased a stake in PTR between 2002 and 2003 at a cost of $488 million. He sold this stake in 2007 for $4 billion, netting Berkshire a gain of 8 times its initial investment. The capital Buffett put to work in PetroChina compounded at about 55% annually between 2002 and 2007.

 

[Andy Dufresne]

Wonderful! Bravo Liberty! +1

 

 

[Liberty]

Wonderful! Bravo Liberty! +1

 

I love your enthusiasm, but just to avoid any confusion, I'm not the author. I'm just sharing the piece because I enjoyed it :)

[Kraven]

I expect to see the following headline someday:

 

Buffett Speaks; Multiple Value Investors Die of Uncontrollable Orgasming

[CorpRaider]

yeah i like that blog too.

[Andy Dufresne]

ROFL ...  unlikely Kraven - I've heard WEB speak (though not in person) and I'm still here!

 

I was actually enthused about WEB going about this investment decision as he likely does for any other, regardless of size - doing his own work and trusting in his own judgement ...

 

PS I guess there are worse ways to go out, though an Octogenarian doesn't figure into my plans ;)