Berkshire Hathaway cuts stake in EV maker BYD as Warren Buffett and Charlie Munger say they don't want to compete against Elon Musk

Berkshire Hathaway cuts stake in EV maker BYD as Warren Buffett and Charlie Munger say they don't want to compete against Elon Musk

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Alex Wong/Getty, REUTERS/Rebecca Cook Berkshire Hathaway reduced its stake in Chinese electric vehicle maker BYD to just under 10%. The sale comes as Warren Buffett and Charlie Munger said they don't want to compete against Elon Musk. "We don't want that much failure." Munger said. Berkshire…

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