Why do you think BYD is Pabrai's secret stock? I believe Pabrai said (1) misunderstood-BYD is thought to be a car company and if you review the products section of byd.com you realize they are not a "car" company. And, they have changed the focus of the car segment to pubic transportation; (2) tailwinds - peak oil/environmental concerns produce the need to develop, transmit, store, and gather alternative energy sources in the future; (3) Incredible manager - Wang Chuan Fu was called a Thomas Edison/Jack Welch hybrid by Munger; and (4) Current price weakness caused by a variety of factors - the bearish articles have mentioned a myriad of concerns during the stock weakness. If it's not BYD, possibly FIAT, - Pabrai is in a picture in front of a Ferrari that was out front of the Hilton during the Berkshire meeting. Fiat just doesn't make sense though because the automobile business isn't misunderstood and doesn't have tailwinds. CHK and ZINC don't made sense either.And, the Munger connection is oh so obvious.
