Shares of chinese suit makers soar on the billionaire's endorsement The "Oracle of Omaha" has spoken again, and this time a Chinese suit maker is reaping the rewards. Shares in Dayang Trands soared by over 70 per cent in less than a month since Warren Buffett said he and Microsoft founder Bill Gates, two of the world's richest men, wore the company's suits. "I have to tell you that I now have nine suits all made in China. I threw away the rest of my suits," the 79-year-old said in a video posted on the company website on August 25. Since then, the company's shares have surged nearly 72 per cent from 8.55 yuan then to a close of 14.67 yuan on Thursday. "It's been a long time since I got compliments on how I looked. But since I'm wearing Madam Li's suits, I get compliments all the time," Buffett said, referring to Dayang's chairwoman Li Guilian. Dayang Trands said in a statement filed with the Shanghai stock exchange that Buffett was only a client not an investor. Buffett is known as the "Oracle of Omaha" for his astute investment decisions.

Shares of chinese suit makers soar on the billionaire's endorsement

Warren Buffet's power suit

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Warren Buffet's power suit

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