Berkshire will remain 'America-oriented' despite BYD investment, says Warren Buffett

Hi, Mr. Buffett, this is Matthew Lai from China, Hong Kong. I’m running my last listing company called FW and we are so grateful that you learn from you and you really inspire us. My question is besides the electrical car company BRD, under what circumstances you will reinvest and reconsider to invest Hong Kong and China Company? Thank you. Our primary investments will always be in the United States. We do think it the companies we invest in the United States. American Express does business around the world and no company hardly does business around the world like Coca-Cola. I mean they’re they are the preferred soft drink, you know something maybe like 170 or 180 out of 200 company, 200 countries that those are rough approximations from a few years back probably, but but that degree of acceptance worldwide is I think it’s almost unmatched. I can’t really think of any company that has an American Express has a position and the credit card bill which I think is extremely strong and and part of that was one of the director, part of the reasons for that is one of the directors that introduced a few few minutes ago Ken Shenal. But it it it is it is strengthened dramatically over the last 20 years for a lot of reasons. So we will the the BYD investment was A and and and well we we made them. We made the commitment in Japan which I did five years ago and and that was just overwhelmingly was compelling. It was extraordinarily compelling and we put we bought it as fast as we could and we spent a year and you know we got a few percent of our assets in five very big companies. But that’s the problem of being our size. But you won’t find us making a lot of investments outside the United States although we’re participating through these other companies in the world economy. But I understand the United States rules weaknesses strengths whatever it may be. I I don’t I don’t have the same feeling for for economies generally out around the world. I don’t I don’t pick up on other cultures extremely well and and the lucky thing is I don’t have to because you know I don’t live in some tiny little country that has no just doesn’t have a big economy but I’m in an economy already that has you know after starting out with a half a percent of the world’s population has ended up with well over 20% of the world’s output in in an amazingly short period of time. So, so I we will, we will be American oriented. I mean if if we do something really big, it’s extremely likely to be in the United States. Charlie in all those years there’s only two times he’s told me that you know this one is really you know it would it would always go along with me and down and say well when I was suggesting something say well this is really not that great but but it’s probably the best you’ll come up with. So I’ll go along with the idea but CC twice has pounded the table with me and just said you know bye, bye bye. And BYD was one of them and and Costco was the other and we bought a certain amount of Costco and we bought quite a bit of BYD but but but looking back he already wasn’t as aggressive but I should have been more aggressive and in Costco it wasn’t fatal that we weren’t but but he was right big time in both companies and I will I’m aware of what goes on in most markets but I think it’s unlikely that that we make any large commitments in almost any country you can name. Although you know we don’t rule it out entirely and I feel extremely good about our Japanese position and we’ll have that I don’t know how many years Greg will be sitting with that at some point and and we couldn’t be happier with that but you really have to we really have a different outlook and looking at at at well we look at your money which we couldn’t bear to lose and we feel that we we’re very less likely to make any truly major mistakes in the United States and in many other countries. OK.