Buffett’s China-Gushing Optimism Sells Like Sex: William Pesek

Warren Buffett says China’s BYD Co. has “momentum.” It may have more to do with his name than the company’s. Such is the power of the most famous investor. Buffett, worth $47.5 billion, according to Bloomberg data, homes in on a Shenzhen automaker and its stock heads for the stratosphere. This dynamic works both ways. Add a China element to any company or trend, and success is virtually assured. China is the economic equivalent of sex -- it sells. Buffett knows how dabbling in Asia’s hottest economy makes headlines. He also knows how to turn on the charm, as he did in China last week.