Berkshire Annual Meetings

Latest News

05-03

Buffett Rules Out "Eye-Popping" Returns. But Investors Aren't Listening

05-06

Apple Shares Fall 1.4% as Buffett's Berkshire Hathaway Slashes Apple Stake in Q1

05-05

Warren Buffett Cautions Against Role of AI in Scamming People

User Discussion

Andrewinho

05-06

Opportunity again!! 👏👏👏👏

Apple Shares Fall 1.4% as Buffett's Berkshire Hathaway Slashes Apple Stake in Q1

1PC

05-06

[LOL] [LOL] [LOL] Bankers Selling.. ...should I Sell with Buffett or........[Speechless] ..... Tough decision[Facepalm] ....... toss a coin 🪙....... Hold [Blush]

Apple Shares Fall 1.4% as Buffett's Berkshire Hathaway Slashes Apple Stake in Q1

neo26000

05-05

When he buys, someone else is selling. When he sells, someone else is buying. Hence, choose wisely who you want to follow. [Angry]

Warren Buffett Discusses Apple, Cash, Insurance, AI, and More at Berkshire Hathaway's Annual Meeting

Success88

05-05

👏👏👏👍👍👍

Warren Buffett Discusses Apple, Cash, Insurance, AI, and More at Berkshire Hathaway's Annual Meeting

CaseyLKC

05-05

Great

Warren Buffett Discusses Apple, Cash, Insurance, AI, and More at Berkshire Hathaway's Annual Meeting

Guavaxf30

05-05

Do anyone know if besides BYD, does Berkshire hold any other EV positions?

Sorry, the original content has been removed

Yipkc

05-05

zc$Amazon.com(AMZN)$ $Berkshire Hathaway(BRK.B)$ $Alphabet(GOOGL)$ fxyew 👌🏻 s ☝🏻ws👍🏻ko🥹tferyi tl

Berkshire Pares Huge Apple Stake As Cash, Operating Profit Set Records

xXxZealandxXx

05-04

Does Berkshire have a successor that will keep this stock in top form, almost sounded like some of the success was made with Charlie. Yes it does outpace alot of Tech AND OTHERS! thses days, but when you apply Buffets methods "Get rich Slowly" then yes it will hold with hope and integrity, keeping investors in mind... Lets see where Berkshire is in 7 years. - My view only

Sorry, the original content has been removed

Dr Rck

05-03

Brace for an impact that is coming soon! What goes up must come down. For a little while.

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Hold [Blush]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/302953134342256","repostId":"2432146234","repostType":2,"repost":{"id":"2432146234","pubTimestamp":1714982454,"share":"https://ttm.financial/m/news/2432146234?lang=&edition=fundamental","pubTime":"2024-05-06 16:00","market":"fut","language":"en","title":"Apple Shares Fall 1.4% as Buffett's Berkshire Hathaway Slashes Apple Stake in Q1","url":"https://stock-news.laohu8.com/highlight/detail?id=2432146234","media":"seekingalpha","summary":"Warren Buffett's Berkshire Hathaway (NYSE:BRK.A)(NYSE:BRK.B) reduced its stake in iPhone-maker Apple (NASDAQ:AAPL) by more than 22% in the first quarter of 2024. According to the conglomerate's latest","content":"<html><head></head><body><p>Warren Buffett&#39;s Berkshire Hathaway reduced its stake in iPhone-maker <a href=\"https://laohu8.com/S/AAPL\">Apple</a> by more than 22% in the first quarter of 2024.</p><p>Apple shares fell 1.38% in premarket trading.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/8bb9ba19deed49d8ba895c5f47f3d671\" tg-width=\"786\" tg-height=\"619\"/></p><p>According to the conglomerate&#39;s latest quarterly filing, Berkshire&#39;s investment in Apple, at fair value, fell to $135.4B as of March 31, 2024, from $174.3B as of December 31, 2023.</p><p>That marks a stake reduction of 22.3% Q/Q. In comparison, Apple stock shed about 11% in the same period.</p><p>Berkshire is one of Apple&#39;s biggest shareholders. Similarly, Apple constitutes the biggest holding of the conglomerate&#39;s portfolio.</p><p>Berkshire&#39;s disclosing of its stake reduction in Apple comes two days after the tech behemoth reported FQ2 2024 results. The Tim Cook-led firm delivered much better numbers than feared, especially amid slumping demand for iPhones in China. Moreover, the company unveiled a massive $110B stock buyback, the largest in U.S. corporate history.</p><p>According to Berkshire&#39;s filing, about 75% of its equity investments were concentrated in five companies including Apple (AAPL) as of Q1-end. The other four firms and the fair value changes in their stakes from Q4 2023 are:</p><ul style=\"\"><li><p>Credit card issuer American Express (AXP) - 21.5% increase to $34.5B from $28.4B.</p></li><li><p>Number two U.S. lender Bank of America (BAC) - 12.6% increase to $39.2B from $34.8B.</p></li><li><p>Snacks and soft drinks giant Coca-Cola (KO) - 3.8% increase to $24.5B from $23.6B.</p></li><li><p>Oil major Chevron (CVX) - 3.2% increase to $19.4B from $18.8B.</p></li></ul></body></html>","source":"seekingalpha","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Apple Shares Fall 1.4% as Buffett's Berkshire Hathaway Slashes Apple Stake in Q1</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nApple Shares Fall 1.4% as Buffett's Berkshire Hathaway Slashes Apple Stake in Q1\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-05-06 16:00 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/news/4100026-buffetts-berkshire-hathaway-slashes-apple-stake-in-q1><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Warren Buffett's Berkshire Hathaway reduced its stake in iPhone-maker Apple by more than 22% in the first quarter of 2024.Apple shares fell 1.38% in premarket trading.According to the conglomerate's ...</p>\n\n<a href=\"https://seekingalpha.com/news/4100026-buffetts-berkshire-hathaway-slashes-apple-stake-in-q1\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BK4576":"AR","LU0648001328.SGD":"Natixis Harris Associates US Equity RA SGD","BAC":"美国银行","KO":"可口可乐","LU0868494617.USD":"UBS (LUX) EQUITY SICAV - US TOTAL YIELD SUSTAINABLE \"P\" (USD) ACC","BRK.A":"伯克希尔","BK4566":"资本集团","BK4575":"芯片概念","IE00B1BXHZ80.USD":"Legg Mason ClearBridge - US Appreciation A Acc USD","LU2552382215.SGD":"WELLINGTON US BRAND POWER \"A\" (SGDHDG) ACC","LU0971096721.USD":"富达环球金融服务 A","IE00BFSS8Q28.SGD":"Janus Henderson Balanced A Inc SGD-H","LU0198837287.USD":"UBS (LUX) EQUITY SICAV - USA GROWTH \"P\" (USD) ACC","LU1074936037.SGD":"JPMorgan Funds - US Value A (acc) SGD","BRK.B":"伯克希尔B","LU1718418525.SGD":"JPMorgan Investment Funds - Global Select Equity A (acc) SGD","BK4534":"瑞士信贷持仓","BK4559":"巴菲特持仓","LU0795875169.SGD":"JPMorgan Investment Funds - Global Income A (div) SGD-H","LU2133065610.SGD":"JPMorgan Investment Funds - Global Dividend A (mth) SGD","SG9999014542.SGD":"United Income Focus Trust Acc SGD","IE00BJTD4N35.SGD":"Neuberger Berman US Long Short Equity A1  Acc SGD-H","LU2552382132.HKD":"WELLINGTON US BRAND POWER \"A\" (HKD) ACC","BK4166":"消费信贷","LU1496350171.SGD":"FRANKLIN DIVERSIFIED BALANCED \"A\" (SGDHDG) ACC","LU0348723411.USD":"ALLIANZ GLOBAL HI-TECH GROWTH \"A\" (USD) INC","IE00BLSP4452.SGD":"Legg Mason ClearBridge - Tactical Dividend Income A Mdis SGD-H Plus","LU1917777945.USD":"安联专题基金Cl AT Acc","LU0289960550.SGD":"AB FCP I - GLOBAL EQUITY BLEND PORTFOLIO 'A' (SGD) ACC","BK4574":"无人驾驶","LU0109391861.USD":"富兰克林美国机遇基金A Acc","IE00B3S45H60.SGD":"Neuberger Berman US Multicap Opportunities A Acc SGD-H","BK4573":"虚拟现实","LU0053666078.USD":"摩根大通基金-美国股票A（离岸）美元","BK4505":"高瓴资本持仓","LU0052756011.USD":"TEMPLETON GLOBAL BALANCED \"A\" (USD) INC","BK4504":"桥水持仓","LU1670710588.SGD":"M&G (LUX) GLOBAL DIVIDEND \"A\" (SGD) ACC","IE00B1XK9C88.USD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A\" (USD) ACC","LU1280957306.USD":"THREADNEEDLE (LUX) US CONTRARIAN CORE EQUITIES \"AUP\" (USD) INC","AAPL":"苹果","LU0444971666.USD":"天利全球科技基金","LU0310799852.SGD":"FTIF - Templeton Global Equity Income A MDIS SGD","LU0109392836.USD":"富兰克林科技股A","LU1363072403.SGD":"Fidelity Global Financial Services A-ACC-SGD","CVX":"雪佛龙","LU0648000940.SGD":"Natixis Harris Associates Global Equity RA SGD","LU1670711040.USD":"M&G (LUX) GLOBAL DIVIDEND \"A\" (USD) ACC"},"source_url":"https://seekingalpha.com/news/4100026-buffetts-berkshire-hathaway-slashes-apple-stake-in-q1","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"2432146234","content_text":"Warren Buffett's Berkshire Hathaway reduced its stake in iPhone-maker Apple by more than 22% in the first quarter of 2024.Apple shares fell 1.38% in premarket trading.According to the conglomerate's latest quarterly filing, Berkshire's investment in Apple, at fair value, fell to $135.4B as of March 31, 2024, from $174.3B as of December 31, 2023.That marks a stake reduction of 22.3% Q/Q. In comparison, Apple stock shed about 11% in the same period.Berkshire is one of Apple's biggest shareholders. Similarly, Apple constitutes the biggest holding of the conglomerate's portfolio.Berkshire's disclosing of its stake reduction in Apple comes two days after the tech behemoth reported FQ2 2024 results. The Tim Cook-led firm delivered much better numbers than feared, especially amid slumping demand for iPhones in China. Moreover, the company unveiled a massive $110B stock buyback, the largest in U.S. corporate history.According to Berkshire's filing, about 75% of its equity investments were concentrated in five companies including Apple (AAPL) as of Q1-end. The other four firms and the fair value changes in their stakes from Q4 2023 are:Credit card issuer American Express (AXP) - 21.5% increase to $34.5B from $28.4B.Number two U.S. lender Bank of America (BAC) - 12.6% increase to $39.2B from $34.8B.Snacks and soft drinks giant Coca-Cola (KO) - 3.8% increase to $24.5B from $23.6B.Oil major Chevron (CVX) - 3.2% increase to $19.4B from $18.8B.","news_type":1},"isVote":1,"tweetType":1,"viewCount":202,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":302497140850712,"gmtCreate":1714871259946,"gmtModify":1714871264180,"author":{"id":"4131703342800552","authorId":"4131703342800552","authorIdStr":"4131703342800552","name":"neo26000","avatar":"https://community-static.tradeup.com/news/af53ce85df53718f6c2d268fdf544d17","crmLevel":9,"crmLevelSwitch":1,"followedFlag":false,"idStr":"4131703342800552"},"themes":[],"htmlText":"When he buys, someone else is selling. When he sells, someone else is buying. Hence, choose wisely who you want to follow.&nbsp;[Angry]&nbsp;&nbsp;","listText":"When he buys, someone else is selling. When he sells, someone else is buying. Hence, choose wisely who you want to follow.&nbsp;[Angry]&nbsp;&nbsp;","text":"When he buys, someone else is selling. When he sells, someone else is buying. Hence, choose wisely who you want to follow. [Angry]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/302497140850712","repostId":"2433617877","repostType":4,"repost":{"id":"2433617877","pubTimestamp":1714861140,"share":"https://ttm.financial/m/news/2433617877?lang=&edition=fundamental","pubTime":"2024-05-05 06:19","market":"us","language":"en","title":"Warren Buffett Discusses Apple, Cash, Insurance, AI, and More at Berkshire Hathaway's Annual Meeting","url":"https://stock-news.laohu8.com/highlight/detail?id=2433617877","media":"Motley Fool","summary":"Berkshire is bolstering its cash reserves and passing on riskier bets.","content":"<html><head></head><body><ul style=\"\"><li><p>Berkshire cut its Apple stake by 12.9%.</p></li><li><p>Its cash position is expected to exceed $200 billion by the end of this quarter.</p></li><li><p>Buffett said AI has &#34;enormous potential for good and enormous potential for harm.&#34;</p></li></ul><p>Tens of thousands of <strong>Berkshire Hathaway</strong> (BRK.A -0.56%) (BRK.B 0.07%) investors flocked to Omaha this past week for the annual tradition of listening to Warren Buffett muse over the conglomerate&#39;s business, financial markets, and over 93 years of wisdom on life. But this year&#39;s meeting felt different.</p><p>Longtime vice chairman Charlie Munger passed away in late November. His wry sense of humor, witty aphorisms, and entertaining rapport with Buffett were missed dearly. But there were other noticeable differences between this meeting and those of past years -- namely, a sense of caution.</p><p>Let&#39;s dive into the key takeaways from the meeting and how it could influence what Berkshire does next.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/492ad0fb7ea0539413c13021b3c68a34\" tg-width=\"700\" tg-height=\"466\"/></p><p>Image source: The Motley Fool.</p><h2 id=\"id_655468747\">Berkshire sells roughly 13% of its Apple position</h2><p>The elephant in the room was Berkshire&#39;s decision to trim its stake in <strong>Apple </strong>(AAPL 5.98%) during the first quarter. Berkshire sold over 116 million shares of Apple in Q1, reducing its position by around 12.9%. It marks the company&#39;s largest sale of Apple stock since it began purchasing shares in 2016 -- far larger than the 10 million or so shares Berkshire sold in Q4.</p><p>Buffett addressed the sale with the first answer in the Q&amp;A session: &#34;Unless something dramatic happens that really changes capital allocation and strategy, we will have Apple as our largest investment. But I don&#39;t mind at all, under current conditions, building the cash position. I think when I look at the alternatives of what&#39;s available in equity markets, and I look at the composition of what&#39;s going on in the world, we find it quite attractive.&#34;</p><p>In addition to valuation concerns, market conditions, and wanting to build up the cash position, Buffett also mentioned the federal rate on capital gains, which Buffett said is 21% compared to 35% not long ago and even as high as 52% in the past. Fears that the tax rate could go up based on fiscal policies and a need to cut the federal deficit is another reason why Buffett and his team decided to book gains on Apple stock now instead of risking a potentially higher tax rate in the future.</p><h2 id=\"id_1571236452\">Hoarding a treasure trove of cash</h2><p>Buffett has long spoken about the faith Berkshire shareholders entrust in him and his team to safeguard and grow their wealth. Berkshire is known for being fairly risk-averse, gravitating toward businesses with stable cash flows like insurance, railroads, utilities, and top brands like <strong>Coca-Cola</strong> (KO 0.29%), <strong>American Express</strong> (AXP -0.74%), and Apple. Another asset Berkshire loves is cash.</p><p>Berkshire&#39;s cash and U.S. treasury position reached $182.3 billion at the end of the first quarter, up from $163.3 billion at the end of 2023. Buffett said he expects the cash position to exceed $200 billion by the end of the second quarter.</p><p>You may think Berkshire is stockpiling cash because of higher interest rates and a better return on risk-free assets. But shortly before the lunch break, Buffett said that Berkshire would still be heavily in cash even if interest rates were 1% because Berkshire only swings at pitches it likes, and it won&#39;t swing at a pitch simply because it hasn&#39;t in a while. &#34;It&#39;s just that things aren&#39;t attractive, and there are certain ways that could change, and we will see if they do,&#34; said Buffett.</p><p>The commentary is a potential sign that Berkshire is getting even more defensive than usual.</p><h2 id=\"id_1698563646\">A complex but profitable insurance landscape</h2><p>Berkshire&#39;s underlying business is doing exceptionally well. Berkshire&#39;s Q1 operating income skyrocketed 39.1% compared to the same period of 2023 -- driven by larger gains from the insurance businesses and Berkshire Hathaway Energy (which had an abnormally weak Q1 last year). However, Buffett cautioned that it would be unwise to simply multiply insurance income by four for the full year, considering it was a particularly strong quarter and Q3 tends to be the quarter with the highest risk of claims.</p><p>A great deal of the Q&amp;A session was spent discussing the future of insurance and utilities based on new regulations; price increases due to climate change and higher risks of natural disasters; and the potential impact of autonomous driving reducing accidents and driving down the cost of insurance.</p><p>Ajit Jain, Berkshire&#39;s chairman of insurance operations, answered a question on cybersecurity insurance, saying the market is large and profitable and will probably get bigger but just isn&#39;t worth the risk until there are more data points. There was another question on rising insurance rates in Florida, which Berkshire attributed to climate change, increased risks of massive losses, and a difficult regulatory environment, making it harder to do business in Florida.</p><p>An advantage is that Berkshire prices a lot of its contracts in one-year intervals, so it can adjust prices if risks begin to ramp and outweigh rewards. Or as Jain put it, &#34;Climate change, much like inflation, done right, can be a friend of the risk bearer.&#34;</p><p>As for how autonomous driving affects insurance, Buffett said the problem is far from solved, that automakers have been considering insurance for a while, and that insurance can be &#34;a very tempting business when someone hands you money, and you hand them a little piece of paper.&#34; In other words, it isn&#39;t as easy as it seems. Accident rates have come down, and it would benefit society if autonomous driving allowed them to drop even further, but insurance will still be necessary.</p><h2 id=\"id_3847830970\">Opening the Pandora&#39;s Box of AI</h2><p>Buffett&#39;s response to a question on the potential of artificial intelligence (AI) was similar to his response from the 2023 annual meeting. He compared it to the atomic bomb and called it a genie in a bottle in that it has immense power, but we may regret we ever let it out.</p><p>He discussed a personal experience he had where he saw an AI-generated video of himself that was so lifelike that his kids nor his wife would be able to discern if it really was him or his voice except for the fact that he would never say the things in the video. &#34;if I was interested in investing in scamming, it’s going to be the growth industry of all time,&#34; he said.</p><p>Ultimately, Buffett stayed true to his longtime practice of keeping within his circle of competence, saying he doesn&#39;t know enough about AI to predict its future. &#34;It has enormous potential for good and enormous potential for harm, and I just don&#39;t know how that plays out.&#34;</p><h2 id=\"id_1731775438\">Limitless opportunities</h2><p>Despite the cautious sentiment, Buffett&#39;s optimism about the American economy and the stock market&#39;s ability to compound wealth over time was abundantly clear.</p><p>Oftentimes, folks pay too much attention to Berkshire&#39;s cash position as a barometer of its views on the stock market. While Berkshire keeping a large cash position is certainly defensive, it&#39;s worth understanding the context of its different business units and the history of a particular position like Apple.</p><p>Berkshire probably never set out to have Apple make up 40% of its public equity holdings. Taking some risk off the table, especially given the lower tax rate, makes sense for Berkshire, especially if it believes it will need more reserve cash to handle changing dynamics in its insurance business.</p><p>In terms of life advice, the 93-year-old Buffett said that it&#39;s a good idea to think of what you want your obituary to read and start selecting the education paths, social paths, spouse, and friends to get you where you want to go. &#34;The opportunities in this country are basically limitless,&#34; said Buffett.</p><p>We can all learn a lot from Buffett&#39;s steadfast understanding of Berkshire shareholders&#39; needs and the hard work that goes into selecting few investments and passing on countless opportunities.</p><p>In investing, it&#39;s important to align your risk tolerance, investment objectives, and holdings to achieve your financial goals and stay even-keeled no matter what the market is doing. In today&#39;s fast-paced world riddled with rapid change, staying true to your principles is more vital than ever.</p></body></html>","source":"fool_stock","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Warren Buffett Discusses Apple, Cash, Insurance, AI, and More at Berkshire Hathaway's Annual Meeting</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWarren Buffett Discusses Apple, Cash, Insurance, AI, and More at Berkshire Hathaway's Annual Meeting\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-05-05 06:19 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2024/05/04/buffett-2024-meeting-berkshire-hathaway-stock/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Berkshire cut its Apple stake by 12.9%.Its cash position is expected to exceed $200 billion by the end of this quarter.Buffett said AI has \"enormous potential for good and enormous potential for harm....</p>\n\n<a href=\"https://www.fool.com/investing/2024/05/04/buffett-2024-meeting-berkshire-hathaway-stock/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"LU0048573561.USD":"FIDELITY AMERICA \"A\" (USD) INC","BK4505":"高瓴资本持仓","IE00BJTD4V19.USD":"NEUBERGER BERMAN US LONG SHORT EQUITY \"A1\" (USD) ACC","BK4581":"高盛持仓","LU0082616367.USD":"摩根大通美国科技A（dist）","AAPL":"苹果","LU0056508442.USD":"贝莱德世界科技基金A2","BK4512":"苹果概念","LU0640476718.USD":"THREADNEEDLE (LUX) US CONTRARIAN CORE EQ \"AU\" (USD) ACC","IE00B1XK9C88.USD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A\" (USD) ACC","LU0353189680.USD":"富国美国全盘成长基金Cl A Acc","LU1280957306.USD":"THREADNEEDLE (LUX) US CONTRARIAN CORE EQUITIES \"AUP\" (USD) INC","IE00BBT3K403.USD":"LEGG MASON CLEARBRIDGE TACTICAL DIVIDEND INCOME \"A(USD) ACC","IE00BKDWB100.SGD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A5H\" (SGDHDG) ACC","LU0234572021.USD":"高盛美国核心股票组合Acc","LU0109392836.USD":"富兰克林科技股A","BK4176":"多领域控股","IE00B19Z9505.USD":"美盛-美国大盘成长股A Acc","BK4528":"SaaS概念","IE00BZ1G4Q59.USD":"LEGG MASON CLEARBRIDGE US EQUITY SUSTAINABILITY LEADER \"A\"(USD) INC (A)","BK4023":"应用软件","LU1363072403.SGD":"Fidelity Global Financial Services A-ACC-SGD","BK4515":"5G概念","BK4554":"元宇宙及AR概念","IE00BWXC8680.SGD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A5\" (SGD) ACC","BRK.A":"伯克希尔","LU0130102774.USD":"Natixis Harris Associates US Equity RA USD","BK4553":"喜马拉雅资本持仓","BRK.B":"伯克希尔B","BK4507":"流媒体概念","LU0198837287.USD":"UBS (LUX) EQUITY SICAV - USA GROWTH \"P\" (USD) ACC","BK4576":"AR","BK4533":"AQR资本管理(全球第二大对冲基金)","LU0289961442.SGD":"SUSTAINABLE GLOBAL THEMATIC PORTFOLIO \"AX\" (SGD) ACC","BK4575":"芯片概念","IE00BFSS8Q28.SGD":"Janus Henderson Balanced A Inc SGD-H","BK4566":"资本集团","IE00BKVL7J92.USD":"Legg Mason ClearBridge - US Equity Sustainability Leaders A Acc USD","IE00BJTD4N35.SGD":"Neuberger Berman US Long Short Equity A1  Acc SGD-H","LU0256863811.USD":"ALLIANZ US EQUITY \"A\" INC","IE0009356076.USD":"JANUS HENDERSON GLOBAL TECHNOLOGY AND INNOVATION \"A2\" (USD) ACC","LU1201861249.SGD":"Natixis Harris Associates US Equity PA SGD-H","BK4543":"AI","IE00BLSP4239.USD":"Legg Mason ClearBridge - Tactical Dividend Income A Mdis USD Plus","IE00BLSP4452.SGD":"Legg Mason ClearBridge - Tactical Dividend Income A Mdis SGD-H Plus","LU0980610538.SGD":"Natixis Harris Associates US Equity RA SGD-H","IE00BFSS7M15.SGD":"Janus Henderson Balanced A Acc SGD-H","LU0170899867.USD":"EASTSPRING INVESTMENTS WORLD VALUE EQUITY  \"A\" (USD) ACC","IE0004445239.USD":"JANUS HENDERSON US FORTY \"A2\" (USD) ACC"},"source_url":"https://www.fool.com/investing/2024/05/04/buffett-2024-meeting-berkshire-hathaway-stock/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2433617877","content_text":"Berkshire cut its Apple stake by 12.9%.Its cash position is expected to exceed $200 billion by the end of this quarter.Buffett said AI has \"enormous potential for good and enormous potential for harm.\"Tens of thousands of Berkshire Hathaway (BRK.A -0.56%) (BRK.B 0.07%) investors flocked to Omaha this past week for the annual tradition of listening to Warren Buffett muse over the conglomerate's business, financial markets, and over 93 years of wisdom on life. But this year's meeting felt different.Longtime vice chairman Charlie Munger passed away in late November. His wry sense of humor, witty aphorisms, and entertaining rapport with Buffett were missed dearly. But there were other noticeable differences between this meeting and those of past years -- namely, a sense of caution.Let's dive into the key takeaways from the meeting and how it could influence what Berkshire does next.Image source: The Motley Fool.Berkshire sells roughly 13% of its Apple positionThe elephant in the room was Berkshire's decision to trim its stake in Apple (AAPL 5.98%) during the first quarter. Berkshire sold over 116 million shares of Apple in Q1, reducing its position by around 12.9%. It marks the company's largest sale of Apple stock since it began purchasing shares in 2016 -- far larger than the 10 million or so shares Berkshire sold in Q4.Buffett addressed the sale with the first answer in the Q&A session: \"Unless something dramatic happens that really changes capital allocation and strategy, we will have Apple as our largest investment. But I don't mind at all, under current conditions, building the cash position. I think when I look at the alternatives of what's available in equity markets, and I look at the composition of what's going on in the world, we find it quite attractive.\"In addition to valuation concerns, market conditions, and wanting to build up the cash position, Buffett also mentioned the federal rate on capital gains, which Buffett said is 21% compared to 35% not long ago and even as high as 52% in the past. Fears that the tax rate could go up based on fiscal policies and a need to cut the federal deficit is another reason why Buffett and his team decided to book gains on Apple stock now instead of risking a potentially higher tax rate in the future.Hoarding a treasure trove of cashBuffett has long spoken about the faith Berkshire shareholders entrust in him and his team to safeguard and grow their wealth. Berkshire is known for being fairly risk-averse, gravitating toward businesses with stable cash flows like insurance, railroads, utilities, and top brands like Coca-Cola (KO 0.29%), American Express (AXP -0.74%), and Apple. Another asset Berkshire loves is cash.Berkshire's cash and U.S. treasury position reached $182.3 billion at the end of the first quarter, up from $163.3 billion at the end of 2023. Buffett said he expects the cash position to exceed $200 billion by the end of the second quarter.You may think Berkshire is stockpiling cash because of higher interest rates and a better return on risk-free assets. But shortly before the lunch break, Buffett said that Berkshire would still be heavily in cash even if interest rates were 1% because Berkshire only swings at pitches it likes, and it won't swing at a pitch simply because it hasn't in a while. \"It's just that things aren't attractive, and there are certain ways that could change, and we will see if they do,\" said Buffett.The commentary is a potential sign that Berkshire is getting even more defensive than usual.A complex but profitable insurance landscapeBerkshire's underlying business is doing exceptionally well. Berkshire's Q1 operating income skyrocketed 39.1% compared to the same period of 2023 -- driven by larger gains from the insurance businesses and Berkshire Hathaway Energy (which had an abnormally weak Q1 last year). However, Buffett cautioned that it would be unwise to simply multiply insurance income by four for the full year, considering it was a particularly strong quarter and Q3 tends to be the quarter with the highest risk of claims.A great deal of the Q&A session was spent discussing the future of insurance and utilities based on new regulations; price increases due to climate change and higher risks of natural disasters; and the potential impact of autonomous driving reducing accidents and driving down the cost of insurance.Ajit Jain, Berkshire's chairman of insurance operations, answered a question on cybersecurity insurance, saying the market is large and profitable and will probably get bigger but just isn't worth the risk until there are more data points. There was another question on rising insurance rates in Florida, which Berkshire attributed to climate change, increased risks of massive losses, and a difficult regulatory environment, making it harder to do business in Florida.An advantage is that Berkshire prices a lot of its contracts in one-year intervals, so it can adjust prices if risks begin to ramp and outweigh rewards. Or as Jain put it, \"Climate change, much like inflation, done right, can be a friend of the risk bearer.\"As for how autonomous driving affects insurance, Buffett said the problem is far from solved, that automakers have been considering insurance for a while, and that insurance can be \"a very tempting business when someone hands you money, and you hand them a little piece of paper.\" In other words, it isn't as easy as it seems. Accident rates have come down, and it would benefit society if autonomous driving allowed them to drop even further, but insurance will still be necessary.Opening the Pandora's Box of AIBuffett's response to a question on the potential of artificial intelligence (AI) was similar to his response from the 2023 annual meeting. He compared it to the atomic bomb and called it a genie in a bottle in that it has immense power, but we may regret we ever let it out.He discussed a personal experience he had where he saw an AI-generated video of himself that was so lifelike that his kids nor his wife would be able to discern if it really was him or his voice except for the fact that he would never say the things in the video. \"if I was interested in investing in scamming, it’s going to be the growth industry of all time,\" he said.Ultimately, Buffett stayed true to his longtime practice of keeping within his circle of competence, saying he doesn't know enough about AI to predict its future. \"It has enormous potential for good and enormous potential for harm, and I just don't know how that plays out.\"Limitless opportunitiesDespite the cautious sentiment, Buffett's optimism about the American economy and the stock market's ability to compound wealth over time was abundantly clear.Oftentimes, folks pay too much attention to Berkshire's cash position as a barometer of its views on the stock market. While Berkshire keeping a large cash position is certainly defensive, it's worth understanding the context of its different business units and the history of a particular position like Apple.Berkshire probably never set out to have Apple make up 40% of its public equity holdings. Taking some risk off the table, especially given the lower tax rate, makes sense for Berkshire, especially if it believes it will need more reserve cash to handle changing dynamics in its insurance business.In terms of life advice, the 93-year-old Buffett said that it's a good idea to think of what you want your obituary to read and start selecting the education paths, social paths, spouse, and friends to get you where you want to go. \"The opportunities in this country are basically limitless,\" said Buffett.We can all learn a lot from Buffett's steadfast understanding of Berkshire shareholders' needs and the hard work that goes into selecting few investments and passing on countless opportunities.In investing, it's important to align your risk tolerance, investment objectives, and holdings to achieve your financial goals and stay even-keeled no matter what the market is doing. In today's fast-paced world riddled with rapid change, staying true to your principles is more vital than ever.","news_type":1},"isVote":1,"tweetType":1,"viewCount":150,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":302490258182216,"gmtCreate":1714869675299,"gmtModify":1714869678746,"author":{"id":"4101948424484190","authorId":"4101948424484190","authorIdStr":"4101948424484190","name":"Success88","avatar":"https://static.itradeup.com/news/4408e1a22d73e99adb53aa65dde8ad91","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4101948424484190"},"themes":[],"htmlText":"👏👏👏👍👍👍","listText":"👏👏👏👍👍👍","text":"👏👏👏👍👍👍","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/302490258182216","repostId":"2433617877","repostType":4,"repost":{"id":"2433617877","pubTimestamp":1714861140,"share":"https://ttm.financial/m/news/2433617877?lang=&edition=fundamental","pubTime":"2024-05-05 06:19","market":"us","language":"en","title":"Warren Buffett Discusses Apple, Cash, Insurance, AI, and More at Berkshire Hathaway's Annual Meeting","url":"https://stock-news.laohu8.com/highlight/detail?id=2433617877","media":"Motley Fool","summary":"Berkshire is bolstering its cash reserves and passing on riskier bets.","content":"<html><head></head><body><ul style=\"\"><li><p>Berkshire cut its Apple stake by 12.9%.</p></li><li><p>Its cash position is expected to exceed $200 billion by the end of this quarter.</p></li><li><p>Buffett said AI has &#34;enormous potential for good and enormous potential for harm.&#34;</p></li></ul><p>Tens of thousands of <strong>Berkshire Hathaway</strong> (BRK.A -0.56%) (BRK.B 0.07%) investors flocked to Omaha this past week for the annual tradition of listening to Warren Buffett muse over the conglomerate&#39;s business, financial markets, and over 93 years of wisdom on life. But this year&#39;s meeting felt different.</p><p>Longtime vice chairman Charlie Munger passed away in late November. His wry sense of humor, witty aphorisms, and entertaining rapport with Buffett were missed dearly. But there were other noticeable differences between this meeting and those of past years -- namely, a sense of caution.</p><p>Let&#39;s dive into the key takeaways from the meeting and how it could influence what Berkshire does next.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/492ad0fb7ea0539413c13021b3c68a34\" tg-width=\"700\" tg-height=\"466\"/></p><p>Image source: The Motley Fool.</p><h2 id=\"id_655468747\">Berkshire sells roughly 13% of its Apple position</h2><p>The elephant in the room was Berkshire&#39;s decision to trim its stake in <strong>Apple </strong>(AAPL 5.98%) during the first quarter. Berkshire sold over 116 million shares of Apple in Q1, reducing its position by around 12.9%. It marks the company&#39;s largest sale of Apple stock since it began purchasing shares in 2016 -- far larger than the 10 million or so shares Berkshire sold in Q4.</p><p>Buffett addressed the sale with the first answer in the Q&amp;A session: &#34;Unless something dramatic happens that really changes capital allocation and strategy, we will have Apple as our largest investment. But I don&#39;t mind at all, under current conditions, building the cash position. I think when I look at the alternatives of what&#39;s available in equity markets, and I look at the composition of what&#39;s going on in the world, we find it quite attractive.&#34;</p><p>In addition to valuation concerns, market conditions, and wanting to build up the cash position, Buffett also mentioned the federal rate on capital gains, which Buffett said is 21% compared to 35% not long ago and even as high as 52% in the past. Fears that the tax rate could go up based on fiscal policies and a need to cut the federal deficit is another reason why Buffett and his team decided to book gains on Apple stock now instead of risking a potentially higher tax rate in the future.</p><h2 id=\"id_1571236452\">Hoarding a treasure trove of cash</h2><p>Buffett has long spoken about the faith Berkshire shareholders entrust in him and his team to safeguard and grow their wealth. Berkshire is known for being fairly risk-averse, gravitating toward businesses with stable cash flows like insurance, railroads, utilities, and top brands like <strong>Coca-Cola</strong> (KO 0.29%), <strong>American Express</strong> (AXP -0.74%), and Apple. Another asset Berkshire loves is cash.</p><p>Berkshire&#39;s cash and U.S. treasury position reached $182.3 billion at the end of the first quarter, up from $163.3 billion at the end of 2023. Buffett said he expects the cash position to exceed $200 billion by the end of the second quarter.</p><p>You may think Berkshire is stockpiling cash because of higher interest rates and a better return on risk-free assets. But shortly before the lunch break, Buffett said that Berkshire would still be heavily in cash even if interest rates were 1% because Berkshire only swings at pitches it likes, and it won&#39;t swing at a pitch simply because it hasn&#39;t in a while. &#34;It&#39;s just that things aren&#39;t attractive, and there are certain ways that could change, and we will see if they do,&#34; said Buffett.</p><p>The commentary is a potential sign that Berkshire is getting even more defensive than usual.</p><h2 id=\"id_1698563646\">A complex but profitable insurance landscape</h2><p>Berkshire&#39;s underlying business is doing exceptionally well. Berkshire&#39;s Q1 operating income skyrocketed 39.1% compared to the same period of 2023 -- driven by larger gains from the insurance businesses and Berkshire Hathaway Energy (which had an abnormally weak Q1 last year). However, Buffett cautioned that it would be unwise to simply multiply insurance income by four for the full year, considering it was a particularly strong quarter and Q3 tends to be the quarter with the highest risk of claims.</p><p>A great deal of the Q&amp;A session was spent discussing the future of insurance and utilities based on new regulations; price increases due to climate change and higher risks of natural disasters; and the potential impact of autonomous driving reducing accidents and driving down the cost of insurance.</p><p>Ajit Jain, Berkshire&#39;s chairman of insurance operations, answered a question on cybersecurity insurance, saying the market is large and profitable and will probably get bigger but just isn&#39;t worth the risk until there are more data points. There was another question on rising insurance rates in Florida, which Berkshire attributed to climate change, increased risks of massive losses, and a difficult regulatory environment, making it harder to do business in Florida.</p><p>An advantage is that Berkshire prices a lot of its contracts in one-year intervals, so it can adjust prices if risks begin to ramp and outweigh rewards. Or as Jain put it, &#34;Climate change, much like inflation, done right, can be a friend of the risk bearer.&#34;</p><p>As for how autonomous driving affects insurance, Buffett said the problem is far from solved, that automakers have been considering insurance for a while, and that insurance can be &#34;a very tempting business when someone hands you money, and you hand them a little piece of paper.&#34; In other words, it isn&#39;t as easy as it seems. Accident rates have come down, and it would benefit society if autonomous driving allowed them to drop even further, but insurance will still be necessary.</p><h2 id=\"id_3847830970\">Opening the Pandora&#39;s Box of AI</h2><p>Buffett&#39;s response to a question on the potential of artificial intelligence (AI) was similar to his response from the 2023 annual meeting. He compared it to the atomic bomb and called it a genie in a bottle in that it has immense power, but we may regret we ever let it out.</p><p>He discussed a personal experience he had where he saw an AI-generated video of himself that was so lifelike that his kids nor his wife would be able to discern if it really was him or his voice except for the fact that he would never say the things in the video. &#34;if I was interested in investing in scamming, it’s going to be the growth industry of all time,&#34; he said.</p><p>Ultimately, Buffett stayed true to his longtime practice of keeping within his circle of competence, saying he doesn&#39;t know enough about AI to predict its future. &#34;It has enormous potential for good and enormous potential for harm, and I just don&#39;t know how that plays out.&#34;</p><h2 id=\"id_1731775438\">Limitless opportunities</h2><p>Despite the cautious sentiment, Buffett&#39;s optimism about the American economy and the stock market&#39;s ability to compound wealth over time was abundantly clear.</p><p>Oftentimes, folks pay too much attention to Berkshire&#39;s cash position as a barometer of its views on the stock market. While Berkshire keeping a large cash position is certainly defensive, it&#39;s worth understanding the context of its different business units and the history of a particular position like Apple.</p><p>Berkshire probably never set out to have Apple make up 40% of its public equity holdings. Taking some risk off the table, especially given the lower tax rate, makes sense for Berkshire, especially if it believes it will need more reserve cash to handle changing dynamics in its insurance business.</p><p>In terms of life advice, the 93-year-old Buffett said that it&#39;s a good idea to think of what you want your obituary to read and start selecting the education paths, social paths, spouse, and friends to get you where you want to go. &#34;The opportunities in this country are basically limitless,&#34; said Buffett.</p><p>We can all learn a lot from Buffett&#39;s steadfast understanding of Berkshire shareholders&#39; needs and the hard work that goes into selecting few investments and passing on countless opportunities.</p><p>In investing, it&#39;s important to align your risk tolerance, investment objectives, and holdings to achieve your financial goals and stay even-keeled no matter what the market is doing. In today&#39;s fast-paced world riddled with rapid change, staying true to your principles is more vital than ever.</p></body></html>","source":"fool_stock","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Warren Buffett Discusses Apple, Cash, Insurance, AI, and More at Berkshire Hathaway's Annual Meeting</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWarren Buffett Discusses Apple, Cash, Insurance, AI, and More at Berkshire Hathaway's Annual Meeting\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-05-05 06:19 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2024/05/04/buffett-2024-meeting-berkshire-hathaway-stock/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Berkshire cut its Apple stake by 12.9%.Its cash position is expected to exceed $200 billion by the end of this quarter.Buffett said AI has \"enormous potential for good and enormous potential for harm....</p>\n\n<a href=\"https://www.fool.com/investing/2024/05/04/buffett-2024-meeting-berkshire-hathaway-stock/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"LU0048573561.USD":"FIDELITY AMERICA \"A\" (USD) INC","BK4505":"高瓴资本持仓","IE00BJTD4V19.USD":"NEUBERGER BERMAN US LONG SHORT EQUITY \"A1\" (USD) ACC","BK4581":"高盛持仓","LU0082616367.USD":"摩根大通美国科技A（dist）","AAPL":"苹果","LU0056508442.USD":"贝莱德世界科技基金A2","BK4512":"苹果概念","LU0640476718.USD":"THREADNEEDLE (LUX) US CONTRARIAN CORE EQ \"AU\" (USD) ACC","IE00B1XK9C88.USD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A\" (USD) ACC","LU0353189680.USD":"富国美国全盘成长基金Cl A Acc","LU1280957306.USD":"THREADNEEDLE (LUX) US CONTRARIAN CORE EQUITIES \"AUP\" (USD) INC","IE00BBT3K403.USD":"LEGG MASON CLEARBRIDGE TACTICAL DIVIDEND INCOME \"A(USD) ACC","IE00BKDWB100.SGD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A5H\" (SGDHDG) ACC","LU0234572021.USD":"高盛美国核心股票组合Acc","LU0109392836.USD":"富兰克林科技股A","BK4176":"多领域控股","IE00B19Z9505.USD":"美盛-美国大盘成长股A Acc","BK4528":"SaaS概念","IE00BZ1G4Q59.USD":"LEGG MASON CLEARBRIDGE US EQUITY SUSTAINABILITY LEADER \"A\"(USD) INC (A)","BK4023":"应用软件","LU1363072403.SGD":"Fidelity Global Financial Services A-ACC-SGD","BK4515":"5G概念","BK4554":"元宇宙及AR概念","IE00BWXC8680.SGD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A5\" (SGD) ACC","BRK.A":"伯克希尔","LU0130102774.USD":"Natixis Harris Associates US Equity RA USD","BK4553":"喜马拉雅资本持仓","BRK.B":"伯克希尔B","BK4507":"流媒体概念","LU0198837287.USD":"UBS (LUX) EQUITY SICAV - USA GROWTH \"P\" (USD) ACC","BK4576":"AR","BK4533":"AQR资本管理(全球第二大对冲基金)","LU0289961442.SGD":"SUSTAINABLE GLOBAL THEMATIC PORTFOLIO \"AX\" (SGD) ACC","BK4575":"芯片概念","IE00BFSS8Q28.SGD":"Janus Henderson Balanced A Inc SGD-H","BK4566":"资本集团","IE00BKVL7J92.USD":"Legg Mason ClearBridge - US Equity Sustainability Leaders A Acc USD","IE00BJTD4N35.SGD":"Neuberger Berman US Long Short Equity A1  Acc SGD-H","LU0256863811.USD":"ALLIANZ US EQUITY \"A\" INC","IE0009356076.USD":"JANUS HENDERSON GLOBAL TECHNOLOGY AND INNOVATION \"A2\" (USD) ACC","LU1201861249.SGD":"Natixis Harris Associates US Equity PA SGD-H","BK4543":"AI","IE00BLSP4239.USD":"Legg Mason ClearBridge - Tactical Dividend Income A Mdis USD Plus","IE00BLSP4452.SGD":"Legg Mason ClearBridge - Tactical Dividend Income A Mdis SGD-H Plus","LU0980610538.SGD":"Natixis Harris Associates US Equity RA SGD-H","IE00BFSS7M15.SGD":"Janus Henderson Balanced A Acc SGD-H","LU0170899867.USD":"EASTSPRING INVESTMENTS WORLD VALUE EQUITY  \"A\" (USD) ACC","IE0004445239.USD":"JANUS HENDERSON US FORTY \"A2\" (USD) ACC"},"source_url":"https://www.fool.com/investing/2024/05/04/buffett-2024-meeting-berkshire-hathaway-stock/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2433617877","content_text":"Berkshire cut its Apple stake by 12.9%.Its cash position is expected to exceed $200 billion by the end of this quarter.Buffett said AI has \"enormous potential for good and enormous potential for harm.\"Tens of thousands of Berkshire Hathaway (BRK.A -0.56%) (BRK.B 0.07%) investors flocked to Omaha this past week for the annual tradition of listening to Warren Buffett muse over the conglomerate's business, financial markets, and over 93 years of wisdom on life. But this year's meeting felt different.Longtime vice chairman Charlie Munger passed away in late November. His wry sense of humor, witty aphorisms, and entertaining rapport with Buffett were missed dearly. But there were other noticeable differences between this meeting and those of past years -- namely, a sense of caution.Let's dive into the key takeaways from the meeting and how it could influence what Berkshire does next.Image source: The Motley Fool.Berkshire sells roughly 13% of its Apple positionThe elephant in the room was Berkshire's decision to trim its stake in Apple (AAPL 5.98%) during the first quarter. Berkshire sold over 116 million shares of Apple in Q1, reducing its position by around 12.9%. It marks the company's largest sale of Apple stock since it began purchasing shares in 2016 -- far larger than the 10 million or so shares Berkshire sold in Q4.Buffett addressed the sale with the first answer in the Q&A session: \"Unless something dramatic happens that really changes capital allocation and strategy, we will have Apple as our largest investment. But I don't mind at all, under current conditions, building the cash position. I think when I look at the alternatives of what's available in equity markets, and I look at the composition of what's going on in the world, we find it quite attractive.\"In addition to valuation concerns, market conditions, and wanting to build up the cash position, Buffett also mentioned the federal rate on capital gains, which Buffett said is 21% compared to 35% not long ago and even as high as 52% in the past. Fears that the tax rate could go up based on fiscal policies and a need to cut the federal deficit is another reason why Buffett and his team decided to book gains on Apple stock now instead of risking a potentially higher tax rate in the future.Hoarding a treasure trove of cashBuffett has long spoken about the faith Berkshire shareholders entrust in him and his team to safeguard and grow their wealth. Berkshire is known for being fairly risk-averse, gravitating toward businesses with stable cash flows like insurance, railroads, utilities, and top brands like Coca-Cola (KO 0.29%), American Express (AXP -0.74%), and Apple. Another asset Berkshire loves is cash.Berkshire's cash and U.S. treasury position reached $182.3 billion at the end of the first quarter, up from $163.3 billion at the end of 2023. Buffett said he expects the cash position to exceed $200 billion by the end of the second quarter.You may think Berkshire is stockpiling cash because of higher interest rates and a better return on risk-free assets. But shortly before the lunch break, Buffett said that Berkshire would still be heavily in cash even if interest rates were 1% because Berkshire only swings at pitches it likes, and it won't swing at a pitch simply because it hasn't in a while. \"It's just that things aren't attractive, and there are certain ways that could change, and we will see if they do,\" said Buffett.The commentary is a potential sign that Berkshire is getting even more defensive than usual.A complex but profitable insurance landscapeBerkshire's underlying business is doing exceptionally well. Berkshire's Q1 operating income skyrocketed 39.1% compared to the same period of 2023 -- driven by larger gains from the insurance businesses and Berkshire Hathaway Energy (which had an abnormally weak Q1 last year). However, Buffett cautioned that it would be unwise to simply multiply insurance income by four for the full year, considering it was a particularly strong quarter and Q3 tends to be the quarter with the highest risk of claims.A great deal of the Q&A session was spent discussing the future of insurance and utilities based on new regulations; price increases due to climate change and higher risks of natural disasters; and the potential impact of autonomous driving reducing accidents and driving down the cost of insurance.Ajit Jain, Berkshire's chairman of insurance operations, answered a question on cybersecurity insurance, saying the market is large and profitable and will probably get bigger but just isn't worth the risk until there are more data points. There was another question on rising insurance rates in Florida, which Berkshire attributed to climate change, increased risks of massive losses, and a difficult regulatory environment, making it harder to do business in Florida.An advantage is that Berkshire prices a lot of its contracts in one-year intervals, so it can adjust prices if risks begin to ramp and outweigh rewards. Or as Jain put it, \"Climate change, much like inflation, done right, can be a friend of the risk bearer.\"As for how autonomous driving affects insurance, Buffett said the problem is far from solved, that automakers have been considering insurance for a while, and that insurance can be \"a very tempting business when someone hands you money, and you hand them a little piece of paper.\" In other words, it isn't as easy as it seems. Accident rates have come down, and it would benefit society if autonomous driving allowed them to drop even further, but insurance will still be necessary.Opening the Pandora's Box of AIBuffett's response to a question on the potential of artificial intelligence (AI) was similar to his response from the 2023 annual meeting. He compared it to the atomic bomb and called it a genie in a bottle in that it has immense power, but we may regret we ever let it out.He discussed a personal experience he had where he saw an AI-generated video of himself that was so lifelike that his kids nor his wife would be able to discern if it really was him or his voice except for the fact that he would never say the things in the video. \"if I was interested in investing in scamming, it’s going to be the growth industry of all time,\" he said.Ultimately, Buffett stayed true to his longtime practice of keeping within his circle of competence, saying he doesn't know enough about AI to predict its future. \"It has enormous potential for good and enormous potential for harm, and I just don't know how that plays out.\"Limitless opportunitiesDespite the cautious sentiment, Buffett's optimism about the American economy and the stock market's ability to compound wealth over time was abundantly clear.Oftentimes, folks pay too much attention to Berkshire's cash position as a barometer of its views on the stock market. While Berkshire keeping a large cash position is certainly defensive, it's worth understanding the context of its different business units and the history of a particular position like Apple.Berkshire probably never set out to have Apple make up 40% of its public equity holdings. Taking some risk off the table, especially given the lower tax rate, makes sense for Berkshire, especially if it believes it will need more reserve cash to handle changing dynamics in its insurance business.In terms of life advice, the 93-year-old Buffett said that it's a good idea to think of what you want your obituary to read and start selecting the education paths, social paths, spouse, and friends to get you where you want to go. \"The opportunities in this country are basically limitless,\" said Buffett.We can all learn a lot from Buffett's steadfast understanding of Berkshire shareholders' needs and the hard work that goes into selecting few investments and passing on countless opportunities.In investing, it's important to align your risk tolerance, investment objectives, and holdings to achieve your financial goals and stay even-keeled no matter what the market is doing. In today's fast-paced world riddled with rapid change, staying true to your principles is more vital than ever.","news_type":1},"isVote":1,"tweetType":1,"viewCount":77,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":302486349226120,"gmtCreate":1714868628935,"gmtModify":1714868632326,"author":{"id":"4091363089250230","authorId":"4091363089250230","authorIdStr":"4091363089250230","name":"CaseyLKC","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":7,"crmLevelSwitch":1,"followedFlag":false,"idStr":"4091363089250230"},"themes":[],"htmlText":"Great","listText":"Great","text":"Great","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/302486349226120","repostId":"2433617877","repostType":2,"repost":{"id":"2433617877","pubTimestamp":1714861140,"share":"https://ttm.financial/m/news/2433617877?lang=&edition=fundamental","pubTime":"2024-05-05 06:19","market":"us","language":"en","title":"Warren Buffett Discusses Apple, Cash, Insurance, AI, and More at Berkshire Hathaway's Annual Meeting","url":"https://stock-news.laohu8.com/highlight/detail?id=2433617877","media":"Motley Fool","summary":"Berkshire is bolstering its cash reserves and passing on riskier bets.","content":"<html><head></head><body><ul style=\"\"><li><p>Berkshire cut its Apple stake by 12.9%.</p></li><li><p>Its cash position is expected to exceed $200 billion by the end of this quarter.</p></li><li><p>Buffett said AI has &#34;enormous potential for good and enormous potential for harm.&#34;</p></li></ul><p>Tens of thousands of <strong>Berkshire Hathaway</strong> (BRK.A -0.56%) (BRK.B 0.07%) investors flocked to Omaha this past week for the annual tradition of listening to Warren Buffett muse over the conglomerate&#39;s business, financial markets, and over 93 years of wisdom on life. But this year&#39;s meeting felt different.</p><p>Longtime vice chairman Charlie Munger passed away in late November. His wry sense of humor, witty aphorisms, and entertaining rapport with Buffett were missed dearly. But there were other noticeable differences between this meeting and those of past years -- namely, a sense of caution.</p><p>Let&#39;s dive into the key takeaways from the meeting and how it could influence what Berkshire does next.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/492ad0fb7ea0539413c13021b3c68a34\" tg-width=\"700\" tg-height=\"466\"/></p><p>Image source: The Motley Fool.</p><h2 id=\"id_655468747\">Berkshire sells roughly 13% of its Apple position</h2><p>The elephant in the room was Berkshire&#39;s decision to trim its stake in <strong>Apple </strong>(AAPL 5.98%) during the first quarter. Berkshire sold over 116 million shares of Apple in Q1, reducing its position by around 12.9%. It marks the company&#39;s largest sale of Apple stock since it began purchasing shares in 2016 -- far larger than the 10 million or so shares Berkshire sold in Q4.</p><p>Buffett addressed the sale with the first answer in the Q&amp;A session: &#34;Unless something dramatic happens that really changes capital allocation and strategy, we will have Apple as our largest investment. But I don&#39;t mind at all, under current conditions, building the cash position. I think when I look at the alternatives of what&#39;s available in equity markets, and I look at the composition of what&#39;s going on in the world, we find it quite attractive.&#34;</p><p>In addition to valuation concerns, market conditions, and wanting to build up the cash position, Buffett also mentioned the federal rate on capital gains, which Buffett said is 21% compared to 35% not long ago and even as high as 52% in the past. Fears that the tax rate could go up based on fiscal policies and a need to cut the federal deficit is another reason why Buffett and his team decided to book gains on Apple stock now instead of risking a potentially higher tax rate in the future.</p><h2 id=\"id_1571236452\">Hoarding a treasure trove of cash</h2><p>Buffett has long spoken about the faith Berkshire shareholders entrust in him and his team to safeguard and grow their wealth. Berkshire is known for being fairly risk-averse, gravitating toward businesses with stable cash flows like insurance, railroads, utilities, and top brands like <strong>Coca-Cola</strong> (KO 0.29%), <strong>American Express</strong> (AXP -0.74%), and Apple. Another asset Berkshire loves is cash.</p><p>Berkshire&#39;s cash and U.S. treasury position reached $182.3 billion at the end of the first quarter, up from $163.3 billion at the end of 2023. Buffett said he expects the cash position to exceed $200 billion by the end of the second quarter.</p><p>You may think Berkshire is stockpiling cash because of higher interest rates and a better return on risk-free assets. But shortly before the lunch break, Buffett said that Berkshire would still be heavily in cash even if interest rates were 1% because Berkshire only swings at pitches it likes, and it won&#39;t swing at a pitch simply because it hasn&#39;t in a while. &#34;It&#39;s just that things aren&#39;t attractive, and there are certain ways that could change, and we will see if they do,&#34; said Buffett.</p><p>The commentary is a potential sign that Berkshire is getting even more defensive than usual.</p><h2 id=\"id_1698563646\">A complex but profitable insurance landscape</h2><p>Berkshire&#39;s underlying business is doing exceptionally well. Berkshire&#39;s Q1 operating income skyrocketed 39.1% compared to the same period of 2023 -- driven by larger gains from the insurance businesses and Berkshire Hathaway Energy (which had an abnormally weak Q1 last year). However, Buffett cautioned that it would be unwise to simply multiply insurance income by four for the full year, considering it was a particularly strong quarter and Q3 tends to be the quarter with the highest risk of claims.</p><p>A great deal of the Q&amp;A session was spent discussing the future of insurance and utilities based on new regulations; price increases due to climate change and higher risks of natural disasters; and the potential impact of autonomous driving reducing accidents and driving down the cost of insurance.</p><p>Ajit Jain, Berkshire&#39;s chairman of insurance operations, answered a question on cybersecurity insurance, saying the market is large and profitable and will probably get bigger but just isn&#39;t worth the risk until there are more data points. There was another question on rising insurance rates in Florida, which Berkshire attributed to climate change, increased risks of massive losses, and a difficult regulatory environment, making it harder to do business in Florida.</p><p>An advantage is that Berkshire prices a lot of its contracts in one-year intervals, so it can adjust prices if risks begin to ramp and outweigh rewards. Or as Jain put it, &#34;Climate change, much like inflation, done right, can be a friend of the risk bearer.&#34;</p><p>As for how autonomous driving affects insurance, Buffett said the problem is far from solved, that automakers have been considering insurance for a while, and that insurance can be &#34;a very tempting business when someone hands you money, and you hand them a little piece of paper.&#34; In other words, it isn&#39;t as easy as it seems. Accident rates have come down, and it would benefit society if autonomous driving allowed them to drop even further, but insurance will still be necessary.</p><h2 id=\"id_3847830970\">Opening the Pandora&#39;s Box of AI</h2><p>Buffett&#39;s response to a question on the potential of artificial intelligence (AI) was similar to his response from the 2023 annual meeting. He compared it to the atomic bomb and called it a genie in a bottle in that it has immense power, but we may regret we ever let it out.</p><p>He discussed a personal experience he had where he saw an AI-generated video of himself that was so lifelike that his kids nor his wife would be able to discern if it really was him or his voice except for the fact that he would never say the things in the video. &#34;if I was interested in investing in scamming, it’s going to be the growth industry of all time,&#34; he said.</p><p>Ultimately, Buffett stayed true to his longtime practice of keeping within his circle of competence, saying he doesn&#39;t know enough about AI to predict its future. &#34;It has enormous potential for good and enormous potential for harm, and I just don&#39;t know how that plays out.&#34;</p><h2 id=\"id_1731775438\">Limitless opportunities</h2><p>Despite the cautious sentiment, Buffett&#39;s optimism about the American economy and the stock market&#39;s ability to compound wealth over time was abundantly clear.</p><p>Oftentimes, folks pay too much attention to Berkshire&#39;s cash position as a barometer of its views on the stock market. While Berkshire keeping a large cash position is certainly defensive, it&#39;s worth understanding the context of its different business units and the history of a particular position like Apple.</p><p>Berkshire probably never set out to have Apple make up 40% of its public equity holdings. Taking some risk off the table, especially given the lower tax rate, makes sense for Berkshire, especially if it believes it will need more reserve cash to handle changing dynamics in its insurance business.</p><p>In terms of life advice, the 93-year-old Buffett said that it&#39;s a good idea to think of what you want your obituary to read and start selecting the education paths, social paths, spouse, and friends to get you where you want to go. &#34;The opportunities in this country are basically limitless,&#34; said Buffett.</p><p>We can all learn a lot from Buffett&#39;s steadfast understanding of Berkshire shareholders&#39; needs and the hard work that goes into selecting few investments and passing on countless opportunities.</p><p>In investing, it&#39;s important to align your risk tolerance, investment objectives, and holdings to achieve your financial goals and stay even-keeled no matter what the market is doing. In today&#39;s fast-paced world riddled with rapid change, staying true to your principles is more vital than ever.</p></body></html>","source":"fool_stock","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Warren Buffett Discusses Apple, Cash, Insurance, AI, and More at Berkshire Hathaway's Annual Meeting</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWarren Buffett Discusses Apple, Cash, Insurance, AI, and More at Berkshire Hathaway's Annual Meeting\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-05-05 06:19 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2024/05/04/buffett-2024-meeting-berkshire-hathaway-stock/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Berkshire cut its Apple stake by 12.9%.Its cash position is expected to exceed $200 billion by the end of this quarter.Buffett said AI has \"enormous potential for good and enormous potential for harm....</p>\n\n<a href=\"https://www.fool.com/investing/2024/05/04/buffett-2024-meeting-berkshire-hathaway-stock/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"LU0048573561.USD":"FIDELITY AMERICA \"A\" (USD) INC","BK4505":"高瓴资本持仓","IE00BJTD4V19.USD":"NEUBERGER BERMAN US LONG SHORT EQUITY \"A1\" (USD) ACC","BK4581":"高盛持仓","LU0082616367.USD":"摩根大通美国科技A（dist）","AAPL":"苹果","LU0056508442.USD":"贝莱德世界科技基金A2","BK4512":"苹果概念","LU0640476718.USD":"THREADNEEDLE (LUX) US CONTRARIAN CORE EQ \"AU\" (USD) ACC","IE00B1XK9C88.USD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A\" (USD) ACC","LU0353189680.USD":"富国美国全盘成长基金Cl A Acc","LU1280957306.USD":"THREADNEEDLE (LUX) US CONTRARIAN CORE EQUITIES \"AUP\" (USD) INC","IE00BBT3K403.USD":"LEGG MASON CLEARBRIDGE TACTICAL DIVIDEND INCOME \"A(USD) ACC","IE00BKDWB100.SGD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A5H\" (SGDHDG) ACC","LU0234572021.USD":"高盛美国核心股票组合Acc","LU0109392836.USD":"富兰克林科技股A","BK4176":"多领域控股","IE00B19Z9505.USD":"美盛-美国大盘成长股A Acc","BK4528":"SaaS概念","IE00BZ1G4Q59.USD":"LEGG MASON CLEARBRIDGE US EQUITY SUSTAINABILITY LEADER \"A\"(USD) INC (A)","BK4023":"应用软件","LU1363072403.SGD":"Fidelity Global Financial Services A-ACC-SGD","BK4515":"5G概念","BK4554":"元宇宙及AR概念","IE00BWXC8680.SGD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A5\" (SGD) ACC","BRK.A":"伯克希尔","LU0130102774.USD":"Natixis Harris Associates US Equity RA USD","BK4553":"喜马拉雅资本持仓","BRK.B":"伯克希尔B","BK4507":"流媒体概念","LU0198837287.USD":"UBS (LUX) EQUITY SICAV - USA GROWTH \"P\" (USD) ACC","BK4576":"AR","BK4533":"AQR资本管理(全球第二大对冲基金)","LU0289961442.SGD":"SUSTAINABLE GLOBAL THEMATIC PORTFOLIO \"AX\" (SGD) ACC","BK4575":"芯片概念","IE00BFSS8Q28.SGD":"Janus Henderson Balanced A Inc SGD-H","BK4566":"资本集团","IE00BKVL7J92.USD":"Legg Mason ClearBridge - US Equity Sustainability Leaders A Acc USD","IE00BJTD4N35.SGD":"Neuberger Berman US Long Short Equity A1  Acc SGD-H","LU0256863811.USD":"ALLIANZ US EQUITY \"A\" INC","IE0009356076.USD":"JANUS HENDERSON GLOBAL TECHNOLOGY AND INNOVATION \"A2\" (USD) ACC","LU1201861249.SGD":"Natixis Harris Associates US Equity PA SGD-H","BK4543":"AI","IE00BLSP4239.USD":"Legg Mason ClearBridge - Tactical Dividend Income A Mdis USD Plus","IE00BLSP4452.SGD":"Legg Mason ClearBridge - Tactical Dividend Income A Mdis SGD-H Plus","LU0980610538.SGD":"Natixis Harris Associates US Equity RA SGD-H","IE00BFSS7M15.SGD":"Janus Henderson Balanced A Acc SGD-H","LU0170899867.USD":"EASTSPRING INVESTMENTS WORLD VALUE EQUITY  \"A\" (USD) ACC","IE0004445239.USD":"JANUS HENDERSON US FORTY \"A2\" (USD) ACC"},"source_url":"https://www.fool.com/investing/2024/05/04/buffett-2024-meeting-berkshire-hathaway-stock/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2433617877","content_text":"Berkshire cut its Apple stake by 12.9%.Its cash position is expected to exceed $200 billion by the end of this quarter.Buffett said AI has \"enormous potential for good and enormous potential for harm.\"Tens of thousands of Berkshire Hathaway (BRK.A -0.56%) (BRK.B 0.07%) investors flocked to Omaha this past week for the annual tradition of listening to Warren Buffett muse over the conglomerate's business, financial markets, and over 93 years of wisdom on life. But this year's meeting felt different.Longtime vice chairman Charlie Munger passed away in late November. His wry sense of humor, witty aphorisms, and entertaining rapport with Buffett were missed dearly. But there were other noticeable differences between this meeting and those of past years -- namely, a sense of caution.Let's dive into the key takeaways from the meeting and how it could influence what Berkshire does next.Image source: The Motley Fool.Berkshire sells roughly 13% of its Apple positionThe elephant in the room was Berkshire's decision to trim its stake in Apple (AAPL 5.98%) during the first quarter. Berkshire sold over 116 million shares of Apple in Q1, reducing its position by around 12.9%. It marks the company's largest sale of Apple stock since it began purchasing shares in 2016 -- far larger than the 10 million or so shares Berkshire sold in Q4.Buffett addressed the sale with the first answer in the Q&A session: \"Unless something dramatic happens that really changes capital allocation and strategy, we will have Apple as our largest investment. But I don't mind at all, under current conditions, building the cash position. I think when I look at the alternatives of what's available in equity markets, and I look at the composition of what's going on in the world, we find it quite attractive.\"In addition to valuation concerns, market conditions, and wanting to build up the cash position, Buffett also mentioned the federal rate on capital gains, which Buffett said is 21% compared to 35% not long ago and even as high as 52% in the past. Fears that the tax rate could go up based on fiscal policies and a need to cut the federal deficit is another reason why Buffett and his team decided to book gains on Apple stock now instead of risking a potentially higher tax rate in the future.Hoarding a treasure trove of cashBuffett has long spoken about the faith Berkshire shareholders entrust in him and his team to safeguard and grow their wealth. Berkshire is known for being fairly risk-averse, gravitating toward businesses with stable cash flows like insurance, railroads, utilities, and top brands like Coca-Cola (KO 0.29%), American Express (AXP -0.74%), and Apple. Another asset Berkshire loves is cash.Berkshire's cash and U.S. treasury position reached $182.3 billion at the end of the first quarter, up from $163.3 billion at the end of 2023. Buffett said he expects the cash position to exceed $200 billion by the end of the second quarter.You may think Berkshire is stockpiling cash because of higher interest rates and a better return on risk-free assets. But shortly before the lunch break, Buffett said that Berkshire would still be heavily in cash even if interest rates were 1% because Berkshire only swings at pitches it likes, and it won't swing at a pitch simply because it hasn't in a while. \"It's just that things aren't attractive, and there are certain ways that could change, and we will see if they do,\" said Buffett.The commentary is a potential sign that Berkshire is getting even more defensive than usual.A complex but profitable insurance landscapeBerkshire's underlying business is doing exceptionally well. Berkshire's Q1 operating income skyrocketed 39.1% compared to the same period of 2023 -- driven by larger gains from the insurance businesses and Berkshire Hathaway Energy (which had an abnormally weak Q1 last year). However, Buffett cautioned that it would be unwise to simply multiply insurance income by four for the full year, considering it was a particularly strong quarter and Q3 tends to be the quarter with the highest risk of claims.A great deal of the Q&A session was spent discussing the future of insurance and utilities based on new regulations; price increases due to climate change and higher risks of natural disasters; and the potential impact of autonomous driving reducing accidents and driving down the cost of insurance.Ajit Jain, Berkshire's chairman of insurance operations, answered a question on cybersecurity insurance, saying the market is large and profitable and will probably get bigger but just isn't worth the risk until there are more data points. There was another question on rising insurance rates in Florida, which Berkshire attributed to climate change, increased risks of massive losses, and a difficult regulatory environment, making it harder to do business in Florida.An advantage is that Berkshire prices a lot of its contracts in one-year intervals, so it can adjust prices if risks begin to ramp and outweigh rewards. Or as Jain put it, \"Climate change, much like inflation, done right, can be a friend of the risk bearer.\"As for how autonomous driving affects insurance, Buffett said the problem is far from solved, that automakers have been considering insurance for a while, and that insurance can be \"a very tempting business when someone hands you money, and you hand them a little piece of paper.\" In other words, it isn't as easy as it seems. Accident rates have come down, and it would benefit society if autonomous driving allowed them to drop even further, but insurance will still be necessary.Opening the Pandora's Box of AIBuffett's response to a question on the potential of artificial intelligence (AI) was similar to his response from the 2023 annual meeting. He compared it to the atomic bomb and called it a genie in a bottle in that it has immense power, but we may regret we ever let it out.He discussed a personal experience he had where he saw an AI-generated video of himself that was so lifelike that his kids nor his wife would be able to discern if it really was him or his voice except for the fact that he would never say the things in the video. \"if I was interested in investing in scamming, it’s going to be the growth industry of all time,\" he said.Ultimately, Buffett stayed true to his longtime practice of keeping within his circle of competence, saying he doesn't know enough about AI to predict its future. \"It has enormous potential for good and enormous potential for harm, and I just don't know how that plays out.\"Limitless opportunitiesDespite the cautious sentiment, Buffett's optimism about the American economy and the stock market's ability to compound wealth over time was abundantly clear.Oftentimes, folks pay too much attention to Berkshire's cash position as a barometer of its views on the stock market. While Berkshire keeping a large cash position is certainly defensive, it's worth understanding the context of its different business units and the history of a particular position like Apple.Berkshire probably never set out to have Apple make up 40% of its public equity holdings. Taking some risk off the table, especially given the lower tax rate, makes sense for Berkshire, especially if it believes it will need more reserve cash to handle changing dynamics in its insurance business.In terms of life advice, the 93-year-old Buffett said that it's a good idea to think of what you want your obituary to read and start selecting the education paths, social paths, spouse, and friends to get you where you want to go. \"The opportunities in this country are basically limitless,\" said Buffett.We can all learn a lot from Buffett's steadfast understanding of Berkshire shareholders' needs and the hard work that goes into selecting few investments and passing on countless opportunities.In investing, it's important to align your risk tolerance, investment objectives, and holdings to achieve your financial goals and stay even-keeled no matter what the market is doing. In today's fast-paced world riddled with rapid change, staying true to your principles is more vital than ever.","news_type":1},"isVote":1,"tweetType":1,"viewCount":93,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":302483534053504,"gmtCreate":1714867941145,"gmtModify":1714867946844,"author":{"id":"3576140222331577","authorId":"3576140222331577","authorIdStr":"3576140222331577","name":"Guavaxf30","avatar":"https://static.tigerbbs.com/1ff15ff6aa254c9130f9af922f7e2447","crmLevel":9,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3576140222331577"},"themes":[],"htmlText":"Do anyone know if besides BYD, does Berkshire hold any other EV positions?","listText":"Do anyone know if besides BYD, does Berkshire hold any other EV positions?","text":"Do anyone know if besides BYD, does Berkshire hold any other EV positions?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/302483534053504","repostId":"2433617877","repostType":4,"isVote":1,"tweetType":1,"viewCount":190,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3576140222331577","authorId":"3576140222331577","authorIdStr":"3576140222331577","name":"Guavaxf30","avatar":"https://static.tigerbbs.com/1ff15ff6aa254c9130f9af922f7e2447","crmLevel":9,"crmLevelSwitch":1,"idStr":"3576140222331577"},"content":"Just tead this from Nasdaq news. Credit to David Jagielski. “Whether Tesla will be the dominant brand in 10 years is the big unknown. Buffett values a company that has a moat, a strong competitive advantage that can keep competitors away. He clearly does not see Tesla or another major automaker dominating to the point where it can make for a strong investment.”","text":"Just tead this from Nasdaq news. Credit to David Jagielski. “Whether Tesla will be the dominant brand in 10 years is the big unknown. Buffett values a company that has a moat, a strong competitive advantage that can keep competitors away. He clearly does not see Tesla or another major automaker dominating to the point where it can make for a strong investment.”","html":"Just tead this from Nasdaq news. Credit to David Jagielski. “Whether Tesla will be the dominant brand in 10 years is the big unknown. Buffett values a company that has a moat, a strong competitive advantage that can keep competitors away. He clearly does not see Tesla or another major automaker dominating to the point where it can make for a strong investment.”"}],"imageCount":0,"langContent":"EN","totalScore":0},{"id":302478138192000,"gmtCreate":1714866623795,"gmtModify":1714877017309,"author":{"id":"3581832450236970","authorId":"3581832450236970","authorIdStr":"3581832450236970","name":"Yipkc","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3581832450236970"},"themes":[],"htmlText":"zc<a href=\"https://ttm.financial/S/AMZN\">$Amazon.com(AMZN)$&nbsp;</a>&nbsp;<a href=\"https://ttm.financial/S/BRK.B\">$Berkshire Hathaway(BRK.B)$ </a><a href=\"https://ttm.financial/S/GOOGL\">$Alphabet(GOOGL)$&nbsp;</a> fxyew 👌🏻 s&nbsp; &nbsp; ☝🏻ws👍🏻ko🥹tferyi tl&nbsp;","listText":"zc<a href=\"https://ttm.financial/S/AMZN\">$Amazon.com(AMZN)$&nbsp;</a>&nbsp;<a href=\"https://ttm.financial/S/BRK.B\">$Berkshire Hathaway(BRK.B)$ </a><a href=\"https://ttm.financial/S/GOOGL\">$Alphabet(GOOGL)$&nbsp;</a> fxyew 👌🏻 s&nbsp; &nbsp; ☝🏻ws👍🏻ko🥹tferyi tl&nbsp;","text":"zc$Amazon.com(AMZN)$ $Berkshire Hathaway(BRK.B)$ $Alphabet(GOOGL)$ fxyew 👌🏻 s ☝🏻ws👍🏻ko🥹tferyi tl","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/302478138192000","repostId":"2432393110","repostType":2,"repost":{"id":"2432393110","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"pubTimestamp":1714824726,"share":"https://ttm.financial/m/news/2432393110?lang=&edition=fundamental","pubTime":"2024-05-04 20:12","market":"us","language":"en","title":"Berkshire Pares Huge Apple Stake As Cash, Operating Profit Set Records","url":"https://stock-news.laohu8.com/highlight/detail?id=2432393110","media":"Reuters","summary":"OMAHA, Neb., May 4 (Reuters) - Berkshire Hathaway Inc posted a record quarterly profit on Saturday, boosted by strength in its insurance operations, and appears to have sold a significant number of Ap","content":"<html><head></head><body><p style=\"text-align: start;\">OMAHA, Neb., May 4 (Reuters) - Berkshire Hathaway significantly reduced its enormous stake in Apple in the first quarter, as Warren Buffett&#39;s conglomerate let its cash hoard swell to a record $189 billion.</p><p>Buffett&#39;s company also posted a record operating profit exceeding $11 billion, as its insurance operations benefited from improved underwriting and higher income from investments as interest rates rose.</p><p>The value of Berkshire&#39;s stake in Apple fell 22% to $135.4 billion as of March 31 from $174.3 billion at the end of 2023, even though the iPhone maker&#39;s share price fell just 11% in the quarter.</p><p>Based on changes in Apple&#39;s stock price, Berkshire appears to have sold 13% of its Apple shares in the quarter, ending with about 790 million.</p><p>A large sale is an about-face for Buffett, who is normally tech-phobic but came to view Apple as a consumer goods company with strong pricing power and devoted customers.</p><p>Some investors, however, have expressed concern that Apple consumed too much of Berkshire&#39;s investment portfolio.</p><p>But the sales leave Buffett with more than six times the minimum $30 billion cash cushion he has pledged to keep. Berkshire realized $11.2 billion of after-tax gains in the quarter from selling investments.</p><h3 id=\"id_576680366\" style=\"text-align: start;\">PROFIT SWELLS</h3><p>First-quarter operating profit rose 39% to $11.22 billion, or about $7,807 per Class A share, from $8.07 billion a year earlier.</p><p>Net income fell 64% to $12.7 billion, or $8,838 per share, from $35.5 billion a year earlier, when Berkshire had large unrealized gains from its stocks.</p><p>An accounting rule requires Berkshire to report those gains with its financial results. Buffett urges investors to ignore the resulting volatility.</p><p>Berkshire also repurchased $2.6 billion of its own stock in the first quarter, and a small amount in the first three weeks of April.</p><p>The results were released ahead of Berkshire&#39;s annual shareholder meeting in Omaha, part of a weekend that draws tens of thousands of people to the city.</p><p>Buffett, 93, has led Berkshire since 1965, transforming it from a struggling textile company into a conglomerate whose dozens of businesses including Geico, the BNSF railroad, Berkshire Hathaway Energy, and Dairy Queen and See&#39;s Candies.</p><p>The diversification has led many investors, not just Buffett fans, to view Berkshire as a stable long-term investment even amid recession fears and concerns about the banking industry.</p><h3 id=\"id_3354714286\" style=\"text-align: start;\">GEICO HELPS POWER EARNINGS</h3><p>Insurance profit soared 80% to $5.2 billion. This included a more than doubling of underwriting profit at Geico, which benefited from rate increases and a large decline in the percentage of premiums it used to pay for accident losses.</p><p>Profit fell 8% at the BNSF railroad, in part because of lower fuel surcharges and an &#34;unfavorable business mix.&#34;</p><p>Berkshire Hathaway Energy saw profit rise 72%, as improved operating performance from utilities helped offset rising legal costs at the HomeServices of America real estate brokerage related to a nationwide settlement over brokerage commissions.</p><p>The energy business still faces billions of dollars in claims against its PacifiCorp unit over Oregon wildfires in 2020.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Berkshire Pares Huge Apple Stake As Cash, Operating Profit Set Records</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBerkshire Pares Huge Apple Stake As Cash, Operating Profit Set Records\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2024-05-04 20:12</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p style=\"text-align: start;\">OMAHA, Neb., May 4 (Reuters) - Berkshire Hathaway significantly reduced its enormous stake in Apple in the first quarter, as Warren Buffett&#39;s conglomerate let its cash hoard swell to a record $189 billion.</p><p>Buffett&#39;s company also posted a record operating profit exceeding $11 billion, as its insurance operations benefited from improved underwriting and higher income from investments as interest rates rose.</p><p>The value of Berkshire&#39;s stake in Apple fell 22% to $135.4 billion as of March 31 from $174.3 billion at the end of 2023, even though the iPhone maker&#39;s share price fell just 11% in the quarter.</p><p>Based on changes in Apple&#39;s stock price, Berkshire appears to have sold 13% of its Apple shares in the quarter, ending with about 790 million.</p><p>A large sale is an about-face for Buffett, who is normally tech-phobic but came to view Apple as a consumer goods company with strong pricing power and devoted customers.</p><p>Some investors, however, have expressed concern that Apple consumed too much of Berkshire&#39;s investment portfolio.</p><p>But the sales leave Buffett with more than six times the minimum $30 billion cash cushion he has pledged to keep. Berkshire realized $11.2 billion of after-tax gains in the quarter from selling investments.</p><h3 id=\"id_576680366\" style=\"text-align: start;\">PROFIT SWELLS</h3><p>First-quarter operating profit rose 39% to $11.22 billion, or about $7,807 per Class A share, from $8.07 billion a year earlier.</p><p>Net income fell 64% to $12.7 billion, or $8,838 per share, from $35.5 billion a year earlier, when Berkshire had large unrealized gains from its stocks.</p><p>An accounting rule requires Berkshire to report those gains with its financial results. Buffett urges investors to ignore the resulting volatility.</p><p>Berkshire also repurchased $2.6 billion of its own stock in the first quarter, and a small amount in the first three weeks of April.</p><p>The results were released ahead of Berkshire&#39;s annual shareholder meeting in Omaha, part of a weekend that draws tens of thousands of people to the city.</p><p>Buffett, 93, has led Berkshire since 1965, transforming it from a struggling textile company into a conglomerate whose dozens of businesses including Geico, the BNSF railroad, Berkshire Hathaway Energy, and Dairy Queen and See&#39;s Candies.</p><p>The diversification has led many investors, not just Buffett fans, to view Berkshire as a stable long-term investment even amid recession fears and concerns about the banking industry.</p><h3 id=\"id_3354714286\" style=\"text-align: start;\">GEICO HELPS POWER EARNINGS</h3><p>Insurance profit soared 80% to $5.2 billion. This included a more than doubling of underwriting profit at Geico, which benefited from rate increases and a large decline in the percentage of premiums it used to pay for accident losses.</p><p>Profit fell 8% at the BNSF railroad, in part because of lower fuel surcharges and an &#34;unfavorable business mix.&#34;</p><p>Berkshire Hathaway Energy saw profit rise 72%, as improved operating performance from utilities helped offset rising legal costs at the HomeServices of America real estate brokerage related to a nationwide settlement over brokerage commissions.</p><p>The energy business still faces billions of dollars in claims against its PacifiCorp unit over Oregon wildfires in 2020.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"IE00BSNM7G36.USD":"NEUBERGER BERMAN SYSTEMATIC GLOBAL SUSTAINABLE VALUE \"A\" (USD) ACC","BK4570":"地缘局势概念股","LU0234572021.USD":"高盛美国核心股票组合Acc","BK4507":"流媒体概念","LU2237438978.USD":"Amundi Funds US Pioneer A2 (C) USD","LU0353189763.USD":"ALLSPRING  US ALL CAP GROWTH FUND \"I\" (USD) ACC","IE00BZ1G4Q59.USD":"LEGG MASON CLEARBRIDGE US EQUITY SUSTAINABILITY LEADER \"A\"(USD) INC (A)","LU0251142724.SGD":"Fidelity America A-SGD","LU0320765489.SGD":"FTIF - Franklin Mutual US Value A Acc SGD","BK4566":"资本集团","IE00BWXC8680.SGD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A5\" (SGD) ACC","BK4575":"芯片概念","LU0070302665.USD":"FRANKLIN MUTUAL U.S. VALUE \"A\" (USD) ACC","LU0368265418.SGD":"Blackrock World Energy Fund A2 SGD-H","LU0320765059.SGD":"FTIF - Franklin US Opportunities A Acc SGD","AAPL":"苹果","LU0444971666.USD":"天利全球科技基金","LU0198837287.USD":"UBS (LUX) EQUITY SICAV - USA GROWTH \"P\" (USD) ACC","LU0300736492.USD":"FRANKLIN NATURAL RESOURCES \"A\" (USD) INC","BK4550":"红杉资本持仓","LU0456854461.SGD":"JPMorgan Funds - Global Natural Resources A (acc) SGD","IE00BFSS8Q28.SGD":"Janus Henderson Balanced A Inc SGD-H","BK4579":"人工智能","BK4512":"苹果概念","LU2133065610.SGD":"JPMorgan Investment Funds - Global Dividend A (mth) SGD","BK4574":"无人驾驶","LU1496350502.SGD":"FRANKLIN DIVERSIFIED DYNAMIC \"A\" (SGDHDG) ACC","LU0742534661.SGD":"Fidelity America A-SGD (hedged)","BK4505":"高瓴资本持仓","BK4170":"电脑硬件、储存设备及电脑周边","IE00BFSS7M15.SGD":"Janus Henderson Balanced A Acc SGD-H","IE00BLSP4452.SGD":"Legg Mason ClearBridge - Tactical Dividend Income A Mdis SGD-H Plus","BRK.A":"伯克希尔","LU0234570918.USD":"高盛全球核心股票组合Acc Close","LU0238689110.USD":"贝莱德环球动力股票基金","BRK.B":"伯克希尔B","LU0456855351.SGD":"JPMorgan Funds - Global Equity A (acc) SGD","LU0072462426.USD":"贝莱德全球配置 A2","LU0417517546.SGD":"Allianz US Equity Cl AT Acc SGD","BK4515":"5G概念","LU0098860793.USD":"FRANKLIN INCOME \"A\" INC","LU0208291251.USD":"FRANKLIN MUTUAL U.S. VALUE \"A\" (USD) INC","LU0056508442.USD":"贝莱德世界科技基金A2","LU0640476718.USD":"THREADNEEDLE (LUX) US CONTRARIAN CORE EQ \"AU\" (USD) ACC","LU1162221912.USD":"FRANKLIN INCOME \"A\" (USD) ACC","LU0080751232.USD":"富达环球多元动力基金A","LU0308772762.SGD":"Blackrock Global Allocation A2 SGD-H"},"source_url":"https://www.bloomberg.com/news/articles/2024-05-04/buffett-s-berkshire-says-cash-hits-record-as-earnings-gain?srnd=homepage-asia","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2432393110","content_text":"OMAHA, Neb., May 4 (Reuters) - Berkshire Hathaway significantly reduced its enormous stake in Apple in the first quarter, as Warren Buffett's conglomerate let its cash hoard swell to a record $189 billion.Buffett's company also posted a record operating profit exceeding $11 billion, as its insurance operations benefited from improved underwriting and higher income from investments as interest rates rose.The value of Berkshire's stake in Apple fell 22% to $135.4 billion as of March 31 from $174.3 billion at the end of 2023, even though the iPhone maker's share price fell just 11% in the quarter.Based on changes in Apple's stock price, Berkshire appears to have sold 13% of its Apple shares in the quarter, ending with about 790 million.A large sale is an about-face for Buffett, who is normally tech-phobic but came to view Apple as a consumer goods company with strong pricing power and devoted customers.Some investors, however, have expressed concern that Apple consumed too much of Berkshire's investment portfolio.But the sales leave Buffett with more than six times the minimum $30 billion cash cushion he has pledged to keep. Berkshire realized $11.2 billion of after-tax gains in the quarter from selling investments.PROFIT SWELLSFirst-quarter operating profit rose 39% to $11.22 billion, or about $7,807 per Class A share, from $8.07 billion a year earlier.Net income fell 64% to $12.7 billion, or $8,838 per share, from $35.5 billion a year earlier, when Berkshire had large unrealized gains from its stocks.An accounting rule requires Berkshire to report those gains with its financial results. Buffett urges investors to ignore the resulting volatility.Berkshire also repurchased $2.6 billion of its own stock in the first quarter, and a small amount in the first three weeks of April.The results were released ahead of Berkshire's annual shareholder meeting in Omaha, part of a weekend that draws tens of thousands of people to the city.Buffett, 93, has led Berkshire since 1965, transforming it from a struggling textile company into a conglomerate whose dozens of businesses including Geico, the BNSF railroad, Berkshire Hathaway Energy, and Dairy Queen and See's Candies.The diversification has led many investors, not just Buffett fans, to view Berkshire as a stable long-term investment even amid recession fears and concerns about the banking industry.GEICO HELPS POWER EARNINGSInsurance profit soared 80% to $5.2 billion. This included a more than doubling of underwriting profit at Geico, which benefited from rate increases and a large decline in the percentage of premiums it used to pay for accident losses.Profit fell 8% at the BNSF railroad, in part because of lower fuel surcharges and an \"unfavorable business mix.\"Berkshire Hathaway Energy saw profit rise 72%, as improved operating performance from utilities helped offset rising legal costs at the HomeServices of America real estate brokerage related to a nationwide settlement over brokerage commissions.The energy business still faces billions of dollars in claims against its PacifiCorp unit over Oregon wildfires in 2020.","news_type":1},"isVote":1,"tweetType":1,"viewCount":16,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":302106602762472,"gmtCreate":1714776004331,"gmtModify":1714776009921,"author":{"id":"4148375883825622","authorId":"4148375883825622","authorIdStr":"4148375883825622","name":"xXxZealandxXx","avatar":"https://community-static.tradeup.com/news/29ae220a9baf3e7e51b38981fcdecf40","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4148375883825622"},"themes":[],"htmlText":"Does Berkshire have a successor that will keep this stock in top form, almost sounded like some of the success was made with Charlie. Yes it does outpace alot of Tech AND OTHERS! thses days, but when you apply Buffets methods \"Get rich Slowly\" then yes it will hold with hope and integrity, keeping investors in mind... Lets see where Berkshire is in 7 years. - My view only","listText":"Does Berkshire have a successor that will keep this stock in top form, almost sounded like some of the success was made with Charlie. Yes it does outpace alot of Tech AND OTHERS! thses days, but when you apply Buffets methods \"Get rich Slowly\" then yes it will hold with hope and integrity, keeping investors in mind... Lets see where Berkshire is in 7 years. - My view only","text":"Does Berkshire have a successor that will keep this stock in top form, almost sounded like some of the success was made with Charlie. Yes it does outpace alot of Tech AND OTHERS! thses days, but when you apply Buffets methods \"Get rich Slowly\" then yes it will hold with hope and integrity, keeping investors in mind... Lets see where Berkshire is in 7 years. - My view only","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":0,"repostSize":1,"link":"https://ttm.financial/post/302106602762472","repostId":"2432162121","repostType":2,"isVote":1,"tweetType":1,"viewCount":542,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":301995476250744,"gmtCreate":1714748785120,"gmtModify":1714748788882,"author":{"id":"3576157343730083","authorId":"3576157343730083","authorIdStr":"3576157343730083","name":"Dr Rck","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":7,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3576157343730083"},"themes":[],"htmlText":"Brace for an impact that is coming soon! What goes up must come down. For a little while.","listText":"Brace for an impact that is coming soon! What goes up must come down. For a little while.","text":"Brace for an impact that is coming soon! What goes up must come down. For a little while.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/301995476250744","isVote":1,"tweetType":1,"viewCount":235,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}]}