Warren Buffett ’s Berkshire Hathaway has fully exited its 17-year-long investment in Chinese electric-vehicle maker BYD , closing out one of its most successful foreign bets. The stake, originally worth $230 million, swelled to nearly $9 billion at its peak, Economic Times reported.

Munger’s bet pays off Berkshire first acquired 225 million BYD shares in 2008 for $230 million at the urging of late vice-chairman Charlie Munger . At Berkshire’s 2009 annual meeting, Munger defended the move, saying that while it appeared “Warren and I have gone crazy,” he considered BYD and founder Wang Chuanfu a “damn miracle.” That call proved right. According to Economic Times, BYD’s shares rose about 3,890% over Berkshire’s holding period, making it one of the conglomerate’s most profitable

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