Joanne Chiu and Kate O'Keeffe, Buffett-Backed China Venture Falters. Wall Street Journal, June 30, 2011. http://online.wsj.com/article/SB10001424 052702304450604576415082507001662.html Quote: "China car and battery maker BYD Co. said its first-quarter profit fell 84% from a year earlier, dragged lower by weaker sales * * * its profit for the three months ended March 31 fell to 266.7 million yuan (US$41.2 million) from 1.7 billion yuan a year earlier. "Shenzhen-based BYD has tumbled more than 70% since hitting a record high closing of HK$85.50 in October 2009 My comment: Mr Buffett may meet his waterloo in BYD, his first and only venture in high-tech (OK, leaving battery aside for the moment, car making is still technology--without the high--something Mr Buffett avoids).