I don't try to jump over 7-foot hurdles: I look for 1-foot hurdles that I can step over. Warren Buffett PetroChina was an unusual investment for Berkshire Hathaway in a lot of ways. First, it was unusually profitable, even by Buffett’s standards. A $488 million investment made between 2002 and 2003 turned into $4 billion by the time Buffett sold it between 2006 and 2007. That’s north of a 50% IRR!
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PetroChina: Case Study Of A One-Foot Hurdle
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I don't try to jump over 7-foot hurdles: I look for 1-foot hurdles that I can step over. Warren Buffett PetroChina was an unusual investment for Berkshire Hathaway in a lot of ways. First, it was unusually profitable, even by Buffett’s standards. A $488 million investment made between 2002 and 2003 turned into $4 billion by the time Buffett sold it between 2006 and 2007. That’s north of a 50% IRR!