Liberty Posted August 4, 2014 Share Posted August 4, 2014 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. Link to comment Share on other sites More sharing options...
Andy Dufresne Posted August 4, 2014 Share Posted August 4, 2014 Wonderful! Bravo Liberty! +1 Link to comment Share on other sites More sharing options...
Liberty Posted August 4, 2014 Author Share Posted August 4, 2014 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 :) Link to comment Share on other sites More sharing options...
Kraven Posted August 4, 2014 Share Posted August 4, 2014 I expect to see the following headline someday: Buffett Speaks; Multiple Value Investors Die of Uncontrollable Orgasming Link to comment Share on other sites More sharing options...
CorpRaider Posted August 4, 2014 Share Posted August 4, 2014 yeah i like that blog too. Link to comment Share on other sites More sharing options...
Andy Dufresne Posted August 4, 2014 Share Posted August 4, 2014 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 ;) Link to comment Share on other sites More sharing options...
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