JackJiang personal page - To The Moon

JackJiang

JackJiang

No personal profile

11Follow

1Followers

0Topic

0Badge

2022-03-03

Ok

Night Reading | Peter Lynch: 25 Gold Investment Rules to Beat Wall Street

2022-02-11

Ok

Foreign Media Headlines | Another Breakthrough! US January CPI hits 40-year high

2022-05-01

ok👍

The world is waiting to hear Buffett and Munger!

2022-04-02

Ok

Sorry, the original content has been removed

2022-02-21

👌

Sorry, the original content has been removed

2022-08-16

Noted

The "big shorts" have liquidated their positions! What signal?

2022-04-28

Ok👍

Sorry, the original content has been removed

2022-04-02

Ok

Wang Chuanfu: The current surge in raw material prices is a challenge the industry needs to overcome.

2022-04-02

👍

Meng Wanzhou serves as Huawei's rotating chairman.

2022-02-15

Good👍

The "lover" of the Oracle of Omaha: After six years together, where did Buffett fall in love with Apple?

Go to Tiger App to see more news

{"i18n":{"language":"en_US"},"userPageInfo":{"id":"3586771609683476","uuid":"3586771609683476","gmtCreate":1624454949313,"gmtModify":1634188493859,"name":"JackJiang","pinyin":"jackjiang","introduction":"","introductionEn":"","signature":"","avatar":"https://static.tigerbbs.com/21d7e0d2a9c7ff66594d11d8cc825e95","hat":null,"hatId":null,"hatName":null,"vip":1,"status":2,"fanSize":1,"headSize":11,"tweetSize":20,"questionSize":0,"limitLevel":999,"accountStatus":4,"level":{"id":1,"name":"萌萌虎","nameTw":"萌萌虎","represent":"呱呱坠地","factor":"评论帖子3次或发布1条主帖（非转发）","iconColor":"3C9E83","bgColor":"A2F1D9"},"themeCounts":0,"badgeCounts":0,"badges":[],"moderator":false,"superModerator":false,"manageSymbols":null,"badgeLevel":null,"boolIsFan":false,"boolIsHead":false,"favoriteSize":1,"symbols":null,"coverImage":null,"realNameVerified":"success","userBadges":[{"badgeId":"1026c425416b44e0aac28c11a0848493-3","templateUuid":"1026c425416b44e0aac28c11a0848493","name":" Tiger Idol","description":"Join the tiger community for 1500 days","bigImgUrl":"https://static.tigerbbs.com/8b40ae7da5bf081a1c84df14bf9e6367","smallImgUrl":"https://static.tigerbbs.com/f160eceddd7c284a8e1136557615cfad","grayImgUrl":"https://static.tigerbbs.com/11792805c468334a9b31c39f95a41c6a","redirectLinkEnabled":0,"redirectLinkType":null,"redirectLink":null,"redirectLinkValidityFrom":null,"redirectLinkValidityTo":null,"hasAllocated":1,"isWearing":0,"stamp":null,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2025.08.02","exceedPercentage":null,"individualDisplayEnabled":0,"backgroundColor":null,"fontColor":null,"individualDisplaySort":0,"categoryType":1001,"isScarce":0,"effectEnabled":0,"plateImgUrl":null,"plateColors":null,"validityTo":null,"validityToTimestamp":null,"wearingSort":0},{"badgeId":"972123088c9646f7b6091ae0662215be-1","templateUuid":"972123088c9646f7b6091ae0662215be","name":"Elite Trader","description":"Total number of securities or futures transactions reached 30","bigImgUrl":"https://static.tigerbbs.com/ab0f87127c854ce3191a752d57b46edc","smallImgUrl":"https://static.tigerbbs.com/c9835ce48b8c8743566d344ac7a7ba8c","grayImgUrl":"https://static.tigerbbs.com/76754b53ce7a90019f132c1d2fbc698f","redirectLinkEnabled":0,"redirectLinkType":null,"redirectLink":null,"redirectLinkValidityFrom":null,"redirectLinkValidityTo":null,"hasAllocated":1,"isWearing":0,"stamp":null,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2025.01.02","exceedPercentage":"60.34%","individualDisplayEnabled":0,"backgroundColor":null,"fontColor":null,"individualDisplaySort":0,"categoryType":1100,"isScarce":0,"effectEnabled":0,"plateImgUrl":null,"plateColors":null,"validityTo":null,"validityToTimestamp":null,"wearingSort":0},{"badgeId":"44212b71d0be4ec88898348dbe882e03-1","templateUuid":"44212b71d0be4ec88898348dbe882e03","name":"Boss Tiger","description":"The transaction amount of the securities account reaches $100,000","bigImgUrl":"https://static.tigerbbs.com/c8dfc27c1ee0e25db1c93e9d0b641101","smallImgUrl":"https://static.tigerbbs.com/f43908c142f8a33c78f5bdf0e2897488","grayImgUrl":"https://static.tigerbbs.com/82165ff19cb8a786e8919f92acee5213","redirectLinkEnabled":0,"redirectLinkType":null,"redirectLink":null,"redirectLinkValidityFrom":null,"redirectLinkValidityTo":null,"hasAllocated":1,"isWearing":0,"stamp":null,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2023.07.14","exceedPercentage":"60.49%","individualDisplayEnabled":0,"backgroundColor":null,"fontColor":null,"individualDisplaySort":0,"categoryType":1101,"isScarce":0,"effectEnabled":0,"plateImgUrl":null,"plateColors":null,"validityTo":null,"validityToTimestamp":null,"wearingSort":0},{"badgeId":"a83d7582f45846ffbccbce770ce65d84-1","templateUuid":"a83d7582f45846ffbccbce770ce65d84","name":"Real Trader","description":"Completed a transaction","bigImgUrl":"https://static.tigerbbs.com/2e08a1cc2087a1de93402c2c290fa65b","smallImgUrl":"https://static.tigerbbs.com/4504a6397ce1137932d56e5f4ce27166","grayImgUrl":"https://static.tigerbbs.com/4b22c79415b4cd6e3d8ebc4a0fa32604","redirectLinkEnabled":0,"redirectLinkType":null,"redirectLink":null,"redirectLinkValidityFrom":null,"redirectLinkValidityTo":null,"hasAllocated":1,"isWearing":0,"stamp":null,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2021.12.29","exceedPercentage":null,"individualDisplayEnabled":0,"backgroundColor":null,"fontColor":null,"individualDisplaySort":0,"categoryType":1100,"isScarce":0,"effectEnabled":0,"plateImgUrl":null,"plateColors":null,"validityTo":null,"validityToTimestamp":null,"wearingSort":0}],"userBadgeCount":4,"currentWearingBadge":null,"individualDisplayBadges":null,"crmLevel":11,"crmLevelSwitch":0,"location":null,"starInvestorFollowerNum":0,"starInvestorFlag":false,"starInvestorOrderShareNum":0,"subscribeStarInvestorNum":5,"ror":null,"winRationPercentage":null,"showRor":false,"investmentPhilosophy":null,"starInvestorSubscribeFlag":false},"baikeInfo":{},"tab":"hot","tweets":[{"id":9993367733,"gmtCreate":1660628603325,"gmtModify":1676536368894,"author":{"id":"3586771609683476","authorId":"3586771609683476","name":"JackJiang","avatar":"https://static.tigerbbs.com/21d7e0d2a9c7ff66594d11d8cc825e95","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3586771609683476","idStr":"3586771609683476"},"themes":[],"title":"","htmlText":"Noted","listText":"Noted","text":"Noted","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9993367733","repostId":"1166587707","repostType":2,"repost":{"id":"1166587707","kind":"news","pubTimestamp":1660612662,"share":"https://ttm.financial/m/news/1166587707?lang=en_US&edition=fundamental","pubTime":"2022-08-16 09:17","market":"us","language":"zh","title":"The \"big shorts\" have liquidated their positions! What signal?","url":"https://stock-news.laohu8.com/highlight/detail?id=1166587707","media":"华尔街见闻","summary":"他再次告诫投资者，不要对最近的美股反弹太过兴奋。","content":"<p><html><head></head><body>After making comments about a collapse in the second quarter, Michael Bury, the prototype of \"The Big Short,\" matched his words and actions, and immediately sold off almost all of his stock holdings. Now, amid an unprecedented rebound in US stocks, he once again warned investors not to get too excited about the recent rebound in US stocks. Michael Burry, the inspiration for the movie \"The Big Short,\" virtually withdrew from the stock market, holding only one stock by the end of the second quarter.</p><p>Michael Berry is known for shorting the U.S. housing market before the 2008 financial crisis. In recent years, he has been issuing pessimistic predictions. In late May of this year, Michael Berry posted a tweet warning that a crisis similar to that of 2008 could repeat itself and that a large-scale market crash was imminent.</p><p>At the time, the US stock market was shrouded in gloom, with the Federal Reserve's aggressive rate hike and concerns about a recession exacerbating investor anxiety. They began seeking guidance from Berry's tweets about recession predictions, which earned Berry a \"...\"<b>recession man</b>The title \"\" has become popular again after 14 years.</p><p><b>After making his crash remarks, Bury matched his words and actions, and immediately sold almost all of his stock holdings.</b></p><p>On Monday, a document disclosed by the U.S. Securities and Exchange Commission (SEC) showed that...<b>As of June 30, Scion Asset, the hedge fund firm managed by Bury, held shares in only one company—GEO Group (GEO), a private prison operator.</b></p><p>GEO's stock price rose 11% upon hearing the news. The announcement shows that as of the end of the second quarter, Scion held 3.3 million shares of the company's stock.</p><p>Previous announcements indicated that as of the end of March,<b>Scion holds more than $165 million worth of stock, including Alphabet.</b>(Google)<b>Booking Holdings</b>(BKNG)<b>,Meta Platforms</b>(Goal)<b>and Bristol-Myers Squibb</b>(Bristol Myers-Squibb, BMY).<img src=\"https://static.tigerbbs.com/b3438164acab843b23dea547ba4b495f\" tg-width=\"780\" tg-height=\"513\" referrerpolicy=\"no-referrer\"/>Last week, the U.S. stock market rebound reached another milestone, with the Nasdaq rising more than 20% from its low reached in mid-June, ending its longest bear market since 2008.</p><p>However, Bury again cautioned investors not to get too excited about the recent rebound in US stocks, as the stock market will experience many temporary rebounds before bottoming out.</p><p>He pointed out, \"This situation occurred seven times after 2000, during the Nasdaq index's cumulative decline of 78% to its 2002 low.\"</p><p>He tweeted,<b>The \"stupid\" feeling that caused the huge bubbles in the markets of 1929, 1968, and 2000 has disappeared.</b></p><p><b>But the feeling of \"stupidity\" similar to that before Enron, 9/11, and WorldCom has resurfaced.</b>The WorldCom incident refers to the accounting scandal at WorldCom before the bursting of the dot-com bubble, reflecting the turmoil in the telecommunications industry at the time.<img src=\"https://static.tigerbbs.com/9ead54935d433798b965b488cf677c31\" tg-width=\"586\" tg-height=\"749\" referrerpolicy=\"no-referrer\"/></p><p></body></html></p>","source":"highlight_wallstreetcn","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>The \"big shorts\" have liquidated their positions! What signal?</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: 12.5px; color: #7E829C; margin: 0;}\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\">\nThe \"big shorts\" have liquidated their positions! What signal?\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">华尔街见闻</strong><span class=\"h-time small\">2022-08-16 09:17</span>\n</p>\n</h4>\n</header>\n<article>\n<p><html><head></head><body>After making comments about a collapse in the second quarter, Michael Bury, the prototype of \"The Big Short,\" matched his words and actions, and immediately sold off almost all of his stock holdings. Now, amid an unprecedented rebound in US stocks, he once again warned investors not to get too excited about the recent rebound in US stocks. Michael Burry, the inspiration for the movie \"The Big Short,\" virtually withdrew from the stock market, holding only one stock by the end of the second quarter.</p><p>Michael Berry is known for shorting the U.S. housing market before the 2008 financial crisis. In recent years, he has been issuing pessimistic predictions. In late May of this year, Michael Berry posted a tweet warning that a crisis similar to that of 2008 could repeat itself and that a large-scale market crash was imminent.</p><p>At the time, the US stock market was shrouded in gloom, with the Federal Reserve's aggressive rate hike and concerns about a recession exacerbating investor anxiety. They began seeking guidance from Berry's tweets about recession predictions, which earned Berry a \"...\"<b>recession man</b>The title \"\" has become popular again after 14 years.</p><p><b>After making his crash remarks, Bury matched his words and actions, and immediately sold almost all of his stock holdings.</b></p><p>On Monday, a document disclosed by the U.S. Securities and Exchange Commission (SEC) showed that...<b>As of June 30, Scion Asset, the hedge fund firm managed by Bury, held shares in only one company—GEO Group (GEO), a private prison operator.</b></p><p>GEO's stock price rose 11% upon hearing the news. The announcement shows that as of the end of the second quarter, Scion held 3.3 million shares of the company's stock.</p><p>Previous announcements indicated that as of the end of March,<b>Scion holds more than $165 million worth of stock, including Alphabet.</b>(Google)<b>Booking Holdings</b>(BKNG)<b>,Meta Platforms</b>(Goal)<b>and Bristol-Myers Squibb</b>(Bristol Myers-Squibb, BMY).<img src=\"https://static.tigerbbs.com/b3438164acab843b23dea547ba4b495f\" tg-width=\"780\" tg-height=\"513\" referrerpolicy=\"no-referrer\"/>Last week, the U.S. stock market rebound reached another milestone, with the Nasdaq rising more than 20% from its low reached in mid-June, ending its longest bear market since 2008.</p><p>However, Bury again cautioned investors not to get too excited about the recent rebound in US stocks, as the stock market will experience many temporary rebounds before bottoming out.</p><p>He pointed out, \"This situation occurred seven times after 2000, during the Nasdaq index's cumulative decline of 78% to its 2002 low.\"</p><p>He tweeted,<b>The \"stupid\" feeling that caused the huge bubbles in the markets of 1929, 1968, and 2000 has disappeared.</b></p><p><b>But the feeling of \"stupidity\" similar to that before Enron, 9/11, and WorldCom has resurfaced.</b>The WorldCom incident refers to the accounting scandal at WorldCom before the bursting of the dot-com bubble, reflecting the turmoil in the telecommunications industry at the time.<img src=\"https://static.tigerbbs.com/9ead54935d433798b965b488cf677c31\" tg-width=\"586\" tg-height=\"749\" referrerpolicy=\"no-referrer\"/></p><p></body></html></p>\n<div class=\"bt-text\">\n\n\n<p> source：<a href=\"https://wallstreetcn.com/articles/3667789\">华尔街见闻</a></p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/997ee3b8a077e123f2a230d24cf88db4","relate_stocks":{".DJI":"道琼斯"},"source_url":"https://wallstreetcn.com/articles/3667789","is_english":false,"share_image_url":"https://static.laohu8.com/cc96873d3d23ee6ac10685520df9c100","article_id":"1166587707","content_text":"在二季度发布崩盘的言论后，《大空头》原型迈克尔•伯里言行一致，随即就几乎悉数出清了所持股票。如今在美股空前反弹之际，他再次告诫投资者，不要对最近的美股反弹太过兴奋。电影《大空头》的原型迈克尔•伯里(Michael Burry)几乎撤离了股市，至第二季度末仅持有一只股票。迈克尔•伯里因在2008年金融危机前做空美国房市而闻名，近几年他一直在陆续发布悲观的预测，今年5月下旬，迈克尔•伯里发布推文警告类似2008年那样的危机可能重演，一场大规模的市场崩盘即将到来。当时正值美股“阴云密布”，美联储激进加息以及对衰退的担忧，加剧了投资者的紧张情绪，他们开始从伯里那些关于衰退预测的推文中寻求指引，伯里也因此获得了“recession man”的称号，时隔14年重新翻红。在发布崩盘的言论后，伯里言行一致，随即就几乎悉数出清了所持股票。周一，美国证券交易委员会(SEC)披露的一份文件显示，截至6月30日，伯里掌管的对冲基金公司Scion Asset旗下只持有一家公司的股票——私人监狱运营商GEO Group (GEO)。GEO的股价闻讯上涨了11%。该公告显示，截至第二季度末，Scion持有330万股该公司的股票。之前的公告显示，截至3月底，Scion持有价值超过1.65亿美元的股票，包括Alphabet(GOOGL)、Booking Holdings(BKNG)、Meta Platforms(META)和百时美施贵宝(Bristol Myers-Squibb, BMY)。上周，美股的反弹达到了又一个里程碑，纳指较6月中旬触及的低点上涨超过20%，结束了自2008年以来持续时间最长的一轮熊市。但伯里再次告诫投资者，不要对最近的美股反弹太过兴奋，因为股市在触底之前都会出现很多次暂时性的反弹。他指出：“2000年之后，纳斯达克指数在累计下跌78%至2002年低点的过程中，曾七次出现这种的情形。”他发推文称，在1929年、1968年、2000年市场上出现过的导致巨大泡沫的“愚蠢”感觉，已经消失了。但类似安然公司事件、911事件、世通事件前的那种“愚蠢”感觉却死灰复燃。世通事件指的是互联网泡沫破灭前，世通公司的会计丑闻，反映出当时电信行业的躁动。","news_type":1,"symbols_score_info":{".DJI":0.9}},"isVote":1,"tweetType":1,"viewCount":4500,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9063086145,"gmtCreate":1651372036160,"gmtModify":1676534897157,"author":{"id":"3586771609683476","authorId":"3586771609683476","name":"JackJiang","avatar":"https://static.tigerbbs.com/21d7e0d2a9c7ff66594d11d8cc825e95","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3586771609683476","idStr":"3586771609683476"},"themes":[],"title":"","htmlText":"ok👍","listText":"ok👍","text":"ok👍","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9063086145","repostId":"1179575802","repostType":4,"repost":{"id":"1179575802","kind":"news","weMediaInfo":{"introduction":"追踪全球财经热点，精选影响您财富的资讯，投资理财必备神器！","home_visible":1,"media_name":"华尔街见闻","id":"1084101182","head_image":"https://static.tigerbbs.com/66809d1f5c2e43e2bdf15820c6d6897e"},"pubTimestamp":1651234926,"share":"https://ttm.financial/m/news/1179575802?lang=en_US&edition=fundamental","pubTime":"2022-04-29 20:22","market":"us","language":"zh","title":"The world is waiting to hear Buffett and Munger!","url":"https://stock-news.laohu8.com/highlight/detail?id=1179575802","media":"华尔街见闻","summary":"伯克希尔·哈撒韦公司将在奥马哈市举办年度股东大会，自疫情爆发以来首次回归线下。","content":"<p><html><head></head><body>From April 29 to May 1 local time (April 30 to May 2 Beijing time),<a href=\"https://laohu8.com/S/BRK.A\">Berkshire</a>Hathaway will be based in Omaha, Nebraska, the hometown of its founder Warren Buffett.<b>Hold an annual general meeting of shareholders,</b>This marks the first time the event has returned to offline events since the outbreak of the pandemic in 2019.</p><p><img src=\"https://static.tigerbbs.com/6f3199e7971184ea39b4a4a58a0c79d0\" tg-width=\"740\" tg-height=\"416\" referrerpolicy=\"no-referrer\"/></p><p>This shareholders' meeting, also known as the \"Spring Festival Gala of the investment community,\" has attracted attention from the global investment community. It not only features video shows and exhibitions and sales of Berkshire Hathaway's subsidiary products, but also provides investors with a rare opportunity to hear speeches by legendary investors Warren Buffett, 92, and Charlie Munger, 98, who typically participate in marathon Q&A sessions lasting several hours.</p><p><img src=\"https://static.tigerbbs.com/97ed3918c3547ee7e972bcfb9bb41fa3\" tg-width=\"499\" tg-height=\"785\" referrerpolicy=\"no-referrer\"/></p><p>It is estimated that more than 40,000 people will attend the event. At that time, Buffett's retirement plans, company succession, future investment plans, and views on the current market and the global economy will inevitably become the focus of attention for all shareholders and even the global market.</p><p>Warren Buffett, with a net worth exceeding $100 billion, is known as the \"Prophet of Omaha.\" His Class A shares of Berkshire Hathaway closed above $500,000 for the first time in March this year, setting a new record closing high and far outperforming the S&P 500 index, which has been declining this year.</p><p><b>Berkshire Hathaway Class A</b>It was the company's initial stock offering. Because the company insisted on not distributing dividends or splitting shares, its price soared rapidly over time, eventually becoming...<b>One of the most expensive stocks on Wall Street. The company currently has a market capitalization of $743 billion.</b></p><p><img src=\"https://static.tigerbbs.com/a9c31dbdd6ebb793a60a7e0ecfad9fb5\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"/></p><p><b>SPECIFIC ARRANGEMENTS FOR THE SHAREHOLDERS'</b></p><p>On Friday, April 29 local time, Berkshire Hathaway's shareholders' meeting will be held at the CHI Health Center in northern Omaha.</p><p>Similar to the schedule for offline shareholders' meetings in previous years,<b>The conference also included a full three-day event schedule: a weekend party, a peripheral conference sponsored by investment advisors, and Berkshire Hathaway's...<a href=\"https://laohu8.com/S/BRKR\">Brooke</a>A 5-kilometer walk and other shopping events sponsored by Sports Company.</b></p><p>The specific arrangements for Friday, April 29th include: collection of participation badges, shareholder shopping, and a shareholder-exclusive shopping night.</p><p><img src=\"https://static.tigerbbs.com/e416ed9379e7999aa9455eb818195054\" tg-width=\"1080\" tg-height=\"369\" referrerpolicy=\"no-referrer\"/></p><p>The specific arrangements for Saturday, the 30th, are as follows: the shareholders' meeting will open, and the usual annual meeting film will be shown.<b>During the shareholders' meeting Q&A session,</b>Formal corporate business meetings and NFM Berkshire picnics.</p><p><img src=\"https://static.tigerbbs.com/465a981d63db6e69060f9f5df06bc732\" tg-width=\"882\" tg-height=\"340\" referrerpolicy=\"no-referrer\"/></p><p>The specific arrangements for Sunday, May 1st include: the \"Invest in Yourself\" 5km race and a shareholder-only shopping day.</p><p><img src=\"https://static.tigerbbs.com/f6ea29e26acc46f400076b7b4bbe7136\" tg-width=\"1080\" tg-height=\"214\" referrerpolicy=\"no-referrer\"/></p><p>This year's shareholders' meeting,<b>The most eye-catching part was undoubtedly the Q&A session.</b>Shareholders at the meeting will be randomly selected, and a CNBC reporter will compile questions from shareholders who cannot attend the meeting and select those she believes people are most interested in.</p><p>Buffett will give shareholders ample freedom. In his invitation, Buffett stated that any shareholder drawn at the event could simply walk up to any of the 11 microphones in front of the event and ask questions.</p><p><b>2. Will my retirement plan come true after being \"impeached\" in my later years?</b></p><p>Just last week, CalPERS, the largest state public pension fund in the United States, disclosed its intention to vote in favor of a shareholder proposal from Berkshire Hathaway to remove Warren Buffett from his position as chairman.</p><p>The fund holds more than $450 billion in total assets, including approximately $2.3 billion in Berkshire Hathaway stock. The National Center for Law and Policy, one of the company's shareholders, called for the establishment of an independent chairman, saying that having the chairman and CEO serve as the same official weakens the company's governance structure.</p><p>According to the proposal, Buffett can continue to serve as CEO. However, Berkshire Hathaway's board of directors opposed the proposal to remove Buffett from his position as chairman, stating last month that \"Buffett should continue to serve as chairman and CEO as long as he serves as CEO of Berkshire Hathaway.\"</p><p>The proposal appears to face an uphill battle. Apart from the board's veto, Buffett himself holds a 32% voting stake in the company.</p><p>However, two weeks ago, in an interview with former CBS host Charlie Ross, Buffett also admitted that age had begun to affect him, and he occasionally \"forgot his name and couldn't read as quickly as before.\" He calls himself a 'rotting machine' but still 'feels great'.</p><p>Therefore, some Wall Street analysts speculate that Buffett may present a retirement timetable at this year's shareholders' meeting and ultimately confirm Berkshire's future successor.</p><p><b>3. Two \"potential successors\" make their first appearance at the shareholders' meeting.</b></p><p><img src=\"https://static.tigerbbs.com/2bd3a8e83156086137e4aeaad62d621e\" tg-width=\"1080\" tg-height=\"485\" referrerpolicy=\"no-referrer\"/></p><p><b>Not only will Buffett and Munger appear together again, but Greg Abel and Ajit Jain, who are considered by the industry to be Buffett's \"potential successors,\" will also attend.</b></p><p>In January 2018, Buffett promoted the two executives to Berkshire's board of directors.</p><p>On May 3 last year, Buffett admitted in an interview with CNBC: \"The board of directors unanimously agreed that if I step down, Greg Abel, vice chairman of Berkshire Hathaway's non-insurance business, will take over as CEO.\"</p><p>Abel, 59, began working for a small power company called CalEnergy in 1992, became its president in 1998, and renamed the company Sino-American Energy Holdings. The company was acquired by Berkshire Hathaway in 2000 and is now Berkshire Hathaway Energy (BHE). Abel served as the company's CEO from 2008 to 2018 and is now its chairman.</p><p>According to Forbes, Abel holds a 1% stake in Berkshire Hathaway Energy, worth approximately $480 million, representing the majority of his net worth. He also owns a trust fund in which he holds five Class A shares of Berkshire Hathaway, and he holds 2,363 Class B shares in custody for family members. His Class A shares are worth approximately $2.8 million, and his Class B shares are worth more than $400,000.</p><p>As Jianwenjun once mentioned, unlike Buffett and Munger, Abel, who is naturally low-key, does not like to stand in the spotlight. Nevertheless, his outstanding performance in mergers and acquisitions still impressed the outside world. His friend once described it this way: \"His life was work, and he hid his talent behind a humble attitude.\"</p><p>Abel himself is not young anymore. Therefore, it may be reasonable for Buffett to want him to be CEO of Berkshire Hathaway.</p><p>Another successor is Ajit Jain, vice chairman of Berkshire Hathaway's insurance business. Buffett previously admitted that the Berkshire Hathaway board of directors had reached a consensus on who should immediately succeed the CEO:</p><p><b>If anything happens to me tonight, Greg will take over as CEO the next morning. If anything happens to Greg, another vice chairman, Ajit, will take over.</b><b>4. How would you explain Buffett's recent frequent moves?</b></p><p>This year has been a turbulent one for global markets. Since the outbreak of the Russia-Ukraine conflict, Warren Buffett, adept at exploiting market volatility to find opportunities, has been continuously buying...<a href=\"https://laohu8.com/S/OXY\">Western Petroleum</a>The company holds a total of 136.4 million shares, accounting for 14.6% of Occidental Petroleum's outstanding shares, valued at over $7.2 billion.</p><p>Shortly afterward, Buffett made another move, acquiring the insurance company Alleghany for $11.6 billion, his largest acquisition in six years.</p><p>After buying oil stocks and acquiring insurance companies, Buffett bought another 121 million shares.<a href=\"https://laohu8.com/S/HPQ\">HP</a>Stocks. This investment gave Berkshire Hathaway an approximately 11.4% stake in HP, making it the largest shareholder in the personal computer and printer maker.</p><p>According to Business Insider, James Shanahan, senior equity analyst at investment firm Edward Jones, expects two more deals to materialize next year. Berkshire Hathaway may spend approximately $4 billion to increase its stake in Pilot Flying J, the largest truck rest stop operator in the United States, to 80% in early 2023.</p><p>In addition, the company may soon acquire the 8% stake in Berkshire Hathaway Energy held by the Walter Scott Jr. family. Shanahan said this would give it a stake of more than 99%.</p><p>This means that Berkshire Hathaway could invest more than $33 billion in 18 months, exceeding the $30 billion it invested in the stock market in 2020.</p><p>As of the end of 2021, Berkshire Hathaway had $144 billion in cash on its books. However, Berkshire Hathaway may still find it difficult to reduce its cash reserves. Shanahan points out that the company generates approximately $33 billion in free cash flow every five quarters:</p><p><b>Unless other investments are made, Berkshire Hathaway will likely still hold $150 billion in cash by mid-2023.</b>This week, Shanahan downgraded the stock to \"hold\" and claimed that its current share price reflects that the stock may outperform its financial services peers this year.</p><p>At the upcoming shareholders' meeting, Buffett may provide a more detailed response to his recent investment actions and reveal his future investment outlook and plans. Buffett recently called the meeting \"a very, very important meeting.\"</p><p><b>5. The title of \"Prophet of Omaha\" is by no means empty.</b></p><p>Buffett's repeated accurate predictions about stocks and markets have earned him the nickname \"Oracle of Omaha.\"</p><p>in 2011,<a href=\"https://laohu8.com/S/BAC\">Bank of America</a>Having suffered the aftershocks of the subprime mortgage crisis, with the stock price falling from $19 per share the previous year to $7 per share, Buffett sensed an opportunity and purchased $5 billion of Bank of America preferred shares.</p><p>These preferred shares came with warrants that allowed him to buy 700 million shares of Bank of America stock at $7.14 per share. When Buffett exercised his options in 2017, he made $12 billion.</p><p>In late 1974, when the Dow Jones Industrial Average fell below 600 points, Buffett told Forbes that he believed \"now is the time to start investing.\" By the time that interview was published, the Dow had risen nearly 15% to 660 points.</p><p>This prediction particularly highlights Buffett's investment philosophy:</p><p>Fear when others are greedy, and be greedy when others are fearful. Whenever Buffett speaks, the whole world listens with bated breath. This time, let's focus our attention on this legendary figure.</p><p><img src=\"https://static.tigerbbs.com/86265aa24c88e98c77bfcb35b6d9d942\" tg-width=\"800\" tg-height=\"532\" referrerpolicy=\"no-referrer\"/></p><p><b>6. Review some classic quotes from Buffett and Munger.</b></p><p>The most anticipated aspect of this shareholders' meeting, hailed as the \"Spring Festival Gala of the investment world,\" is that 92-year-old Buffett and 98-year-old Munger will once again team up to share their investment wisdom with global investors.</p><p>Before that, let's recall the wise investment views of Munger and Buffett.</p><p><b>1) 20 classic quotes from Munger</b></p><p><ul><li>Investment wisdom</p><p></li></ul>1. People calculate too much and think too little.</p><p>2. It is worth noting that people like us do not become stupid through hard work, rather than becoming very smart through hard work, and gain many long-term advantages!</p><p>3. Generally speaking, jealousy, resentment, and self-pity are disastrous ways of thinking. Excessive self-pity can be almost paranoid, and paranoia is one of the hardest things to reverse. Let's not get caught up in self-pity.</p><p>4. What is basic, universal wisdom? The first rule is that if you just remember isolated facts and piece them together, you can't really understand anything. If these facts are not organized into a memory grid, they exist in an unusable form. You have to build the model in your brain.</p><p><ul><li>Wealth Creation</p><p></li></ul>1. Making big money is not about buying and selling, but about waiting.</p><p>2. What is the secret to success? \"Rationality\".</p><p>3. The best way to get what you want is to make yourself worthy of it.</p><p>4. If I knew where I would die, I would never go there.</p><p><ul><li>The importance of learning</p><p></li></ul>1. There is no one-size-fits-all formula. You need to know a lot about business, human nature, and numbers. Don't expect a magic system to do these things for you.</p><p>2. If you easily embark on an interdisciplinary path, you will never want to go back, because that would be like cutting off your hands.</p><p>3. In my life, of all the smart people I met, there wasn't a single one who didn't read every day—no, not a single one. You might be surprised by how much Warren reads; he's a book with two legs.</p><p>4. Try to be smarter every day before you get up than you were before you went to bed yesterday. Day after day, if you live long enough, you will eventually get what you deserve.</p><p><ul><li>Circle of competence theory</p><p></li></ul>1. Knowing what you don't know is more useful than being smart.</p><p>2. If things get too difficult, we just skip over and try another one. Is there anything simpler than doing that?</p><p>3. You don't need to be very smart; you just need to remain a little smarter than others for a very, very long time.</p><p>4. There are three baskets: entry, exit, and too difficult. We must have sufficient insight, otherwise we will mistakenly throw into the \"too difficult\" basket.</p><p><ul><li>Code of living</p><p></li></ul>1. \"Imitating cattle\" will lead people back to mediocrity.</p><p>2. Life is like a poker game. Even if you sometimes get a hand you really like, you must learn to give up.</p><p>3. Learn to think about things upside down. Looking back, reverse thinking will help you discover many problems.</p><p>4. Life is a series of \"opportunity costs\". You should marry the best person you can find. How similar it is to investing!</p><p><b>2) Warren Buffett's 15 Investment Wisdoms</b></p><p>1. The first rule is never to lose money, and the second rule is to remember the first rule.</p><p>Buffett's golden rule is that any investor should prioritize preserving their capital when deciding to invest in the market. In other words, stay rational.</p><p>2. Someone is sitting in the shade of a tree today because he planted a tree a long time ago.</p><p>The core pillar of Buffett's long-term investment philosophy. In life and investment, we must think about the development trajectory of things.</p><p>3. If you don't want to own a stock for ten years, then don't even consider owning it for ten minutes.</p><p>Buffett's best insights into handling active and passive investing.</p><p>4. Whether we're talking about socks or stocks, I like to buy quality products at low prices.</p><p>The core of value investing is to find undervalued companies to invest in.</p><p>5. Buying an excellent company at a reasonable price is better than buying a mediocre company at a low price.</p><p>Finding undervalued companies is not the only criterion; you also need to look at the stock's fundamentals to determine whether a company is outstanding.</p><p>6. Risk comes from not knowing what you are doing.</p><p>A little research can reduce a lot of risk and help you understand the market better.</p><p>7. Never invest in a business you cannot understand.</p><p>Understand the returns and risks of an asset before trying to invest in it.</p><p>8. The best investment is to invest in yourself.</p><p>Invest in two things: your ability to make money and your ability to make money work for you. Work has a certain time limit, but money can \"work\" around the clock and permanently.</p><p>9. Never rely on a single source of income; use investment to create a second source of income.</p><p>Diversification and long-term investment are the secrets to success.</p><p>10. I am afraid when others are greedy, and I am greedy when others are fearful.</p><p>People are irrational.</p><p>11. Don't give up what's attractive today just because you think you'll find something better tomorrow.</p><p>One bird in your hand is better than two in the forest.</p><p>12. The best opportunity for capital allocation is when the situation worsens.</p><p>A downturn in the market is the best time to look for good companies that are undervalued.</p><p>13. You only realize who's swimming naked when the tide goes out.</p><p>Only when short-term irrational market factors subside will we know who is investing and who is speculating.</p><p>14. Protecting your reputation is more important than money.</p><p>Integrity is the foundation.</p><p>15. The number one investment principle is independent thinking and inner peace.</p><p></body></html></p>","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>The world is waiting to hear Buffett and Munger!</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: 12.5px; color: #7E829C; margin: 0;}\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\">\nThe world is waiting to hear Buffett and Munger!\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1084101182\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/66809d1f5c2e43e2bdf15820c6d6897e);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">华尔街见闻 </p>\n<p class=\"h-time smaller\">2022-04-29 20:22</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p><html><head></head><body>From April 29 to May 1 local time (April 30 to May 2 Beijing time),<a href=\"https://laohu8.com/S/BRK.A\">Berkshire</a>Hathaway will be based in Omaha, Nebraska, the hometown of its founder Warren Buffett.<b>Hold an annual general meeting of shareholders,</b>This marks the first time the event has returned to offline events since the outbreak of the pandemic in 2019.</p><p><img src=\"https://static.tigerbbs.com/6f3199e7971184ea39b4a4a58a0c79d0\" tg-width=\"740\" tg-height=\"416\" referrerpolicy=\"no-referrer\"/></p><p>This shareholders' meeting, also known as the \"Spring Festival Gala of the investment community,\" has attracted attention from the global investment community. It not only features video shows and exhibitions and sales of Berkshire Hathaway's subsidiary products, but also provides investors with a rare opportunity to hear speeches by legendary investors Warren Buffett, 92, and Charlie Munger, 98, who typically participate in marathon Q&A sessions lasting several hours.</p><p><img src=\"https://static.tigerbbs.com/97ed3918c3547ee7e972bcfb9bb41fa3\" tg-width=\"499\" tg-height=\"785\" referrerpolicy=\"no-referrer\"/></p><p>It is estimated that more than 40,000 people will attend the event. At that time, Buffett's retirement plans, company succession, future investment plans, and views on the current market and the global economy will inevitably become the focus of attention for all shareholders and even the global market.</p><p>Warren Buffett, with a net worth exceeding $100 billion, is known as the \"Prophet of Omaha.\" His Class A shares of Berkshire Hathaway closed above $500,000 for the first time in March this year, setting a new record closing high and far outperforming the S&P 500 index, which has been declining this year.</p><p><b>Berkshire Hathaway Class A</b>It was the company's initial stock offering. Because the company insisted on not distributing dividends or splitting shares, its price soared rapidly over time, eventually becoming...<b>One of the most expensive stocks on Wall Street. The company currently has a market capitalization of $743 billion.</b></p><p><img src=\"https://static.tigerbbs.com/a9c31dbdd6ebb793a60a7e0ecfad9fb5\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"/></p><p><b>SPECIFIC ARRANGEMENTS FOR THE SHAREHOLDERS'</b></p><p>On Friday, April 29 local time, Berkshire Hathaway's shareholders' meeting will be held at the CHI Health Center in northern Omaha.</p><p>Similar to the schedule for offline shareholders' meetings in previous years,<b>The conference also included a full three-day event schedule: a weekend party, a peripheral conference sponsored by investment advisors, and Berkshire Hathaway's...<a href=\"https://laohu8.com/S/BRKR\">Brooke</a>A 5-kilometer walk and other shopping events sponsored by Sports Company.</b></p><p>The specific arrangements for Friday, April 29th include: collection of participation badges, shareholder shopping, and a shareholder-exclusive shopping night.</p><p><img src=\"https://static.tigerbbs.com/e416ed9379e7999aa9455eb818195054\" tg-width=\"1080\" tg-height=\"369\" referrerpolicy=\"no-referrer\"/></p><p>The specific arrangements for Saturday, the 30th, are as follows: the shareholders' meeting will open, and the usual annual meeting film will be shown.<b>During the shareholders' meeting Q&A session,</b>Formal corporate business meetings and NFM Berkshire picnics.</p><p><img src=\"https://static.tigerbbs.com/465a981d63db6e69060f9f5df06bc732\" tg-width=\"882\" tg-height=\"340\" referrerpolicy=\"no-referrer\"/></p><p>The specific arrangements for Sunday, May 1st include: the \"Invest in Yourself\" 5km race and a shareholder-only shopping day.</p><p><img src=\"https://static.tigerbbs.com/f6ea29e26acc46f400076b7b4bbe7136\" tg-width=\"1080\" tg-height=\"214\" referrerpolicy=\"no-referrer\"/></p><p>This year's shareholders' meeting,<b>The most eye-catching part was undoubtedly the Q&A session.</b>Shareholders at the meeting will be randomly selected, and a CNBC reporter will compile questions from shareholders who cannot attend the meeting and select those she believes people are most interested in.</p><p>Buffett will give shareholders ample freedom. In his invitation, Buffett stated that any shareholder drawn at the event could simply walk up to any of the 11 microphones in front of the event and ask questions.</p><p><b>2. Will my retirement plan come true after being \"impeached\" in my later years?</b></p><p>Just last week, CalPERS, the largest state public pension fund in the United States, disclosed its intention to vote in favor of a shareholder proposal from Berkshire Hathaway to remove Warren Buffett from his position as chairman.</p><p>The fund holds more than $450 billion in total assets, including approximately $2.3 billion in Berkshire Hathaway stock. The National Center for Law and Policy, one of the company's shareholders, called for the establishment of an independent chairman, saying that having the chairman and CEO serve as the same official weakens the company's governance structure.</p><p>According to the proposal, Buffett can continue to serve as CEO. However, Berkshire Hathaway's board of directors opposed the proposal to remove Buffett from his position as chairman, stating last month that \"Buffett should continue to serve as chairman and CEO as long as he serves as CEO of Berkshire Hathaway.\"</p><p>The proposal appears to face an uphill battle. Apart from the board's veto, Buffett himself holds a 32% voting stake in the company.</p><p>However, two weeks ago, in an interview with former CBS host Charlie Ross, Buffett also admitted that age had begun to affect him, and he occasionally \"forgot his name and couldn't read as quickly as before.\" He calls himself a 'rotting machine' but still 'feels great'.</p><p>Therefore, some Wall Street analysts speculate that Buffett may present a retirement timetable at this year's shareholders' meeting and ultimately confirm Berkshire's future successor.</p><p><b>3. Two \"potential successors\" make their first appearance at the shareholders' meeting.</b></p><p><img src=\"https://static.tigerbbs.com/2bd3a8e83156086137e4aeaad62d621e\" tg-width=\"1080\" tg-height=\"485\" referrerpolicy=\"no-referrer\"/></p><p><b>Not only will Buffett and Munger appear together again, but Greg Abel and Ajit Jain, who are considered by the industry to be Buffett's \"potential successors,\" will also attend.</b></p><p>In January 2018, Buffett promoted the two executives to Berkshire's board of directors.</p><p>On May 3 last year, Buffett admitted in an interview with CNBC: \"The board of directors unanimously agreed that if I step down, Greg Abel, vice chairman of Berkshire Hathaway's non-insurance business, will take over as CEO.\"</p><p>Abel, 59, began working for a small power company called CalEnergy in 1992, became its president in 1998, and renamed the company Sino-American Energy Holdings. The company was acquired by Berkshire Hathaway in 2000 and is now Berkshire Hathaway Energy (BHE). Abel served as the company's CEO from 2008 to 2018 and is now its chairman.</p><p>According to Forbes, Abel holds a 1% stake in Berkshire Hathaway Energy, worth approximately $480 million, representing the majority of his net worth. He also owns a trust fund in which he holds five Class A shares of Berkshire Hathaway, and he holds 2,363 Class B shares in custody for family members. His Class A shares are worth approximately $2.8 million, and his Class B shares are worth more than $400,000.</p><p>As Jianwenjun once mentioned, unlike Buffett and Munger, Abel, who is naturally low-key, does not like to stand in the spotlight. Nevertheless, his outstanding performance in mergers and acquisitions still impressed the outside world. His friend once described it this way: \"His life was work, and he hid his talent behind a humble attitude.\"</p><p>Abel himself is not young anymore. Therefore, it may be reasonable for Buffett to want him to be CEO of Berkshire Hathaway.</p><p>Another successor is Ajit Jain, vice chairman of Berkshire Hathaway's insurance business. Buffett previously admitted that the Berkshire Hathaway board of directors had reached a consensus on who should immediately succeed the CEO:</p><p><b>If anything happens to me tonight, Greg will take over as CEO the next morning. If anything happens to Greg, another vice chairman, Ajit, will take over.</b><b>4. How would you explain Buffett's recent frequent moves?</b></p><p>This year has been a turbulent one for global markets. Since the outbreak of the Russia-Ukraine conflict, Warren Buffett, adept at exploiting market volatility to find opportunities, has been continuously buying...<a href=\"https://laohu8.com/S/OXY\">Western Petroleum</a>The company holds a total of 136.4 million shares, accounting for 14.6% of Occidental Petroleum's outstanding shares, valued at over $7.2 billion.</p><p>Shortly afterward, Buffett made another move, acquiring the insurance company Alleghany for $11.6 billion, his largest acquisition in six years.</p><p>After buying oil stocks and acquiring insurance companies, Buffett bought another 121 million shares.<a href=\"https://laohu8.com/S/HPQ\">HP</a>Stocks. This investment gave Berkshire Hathaway an approximately 11.4% stake in HP, making it the largest shareholder in the personal computer and printer maker.</p><p>According to Business Insider, James Shanahan, senior equity analyst at investment firm Edward Jones, expects two more deals to materialize next year. Berkshire Hathaway may spend approximately $4 billion to increase its stake in Pilot Flying J, the largest truck rest stop operator in the United States, to 80% in early 2023.</p><p>In addition, the company may soon acquire the 8% stake in Berkshire Hathaway Energy held by the Walter Scott Jr. family. Shanahan said this would give it a stake of more than 99%.</p><p>This means that Berkshire Hathaway could invest more than $33 billion in 18 months, exceeding the $30 billion it invested in the stock market in 2020.</p><p>As of the end of 2021, Berkshire Hathaway had $144 billion in cash on its books. However, Berkshire Hathaway may still find it difficult to reduce its cash reserves. Shanahan points out that the company generates approximately $33 billion in free cash flow every five quarters:</p><p><b>Unless other investments are made, Berkshire Hathaway will likely still hold $150 billion in cash by mid-2023.</b>This week, Shanahan downgraded the stock to \"hold\" and claimed that its current share price reflects that the stock may outperform its financial services peers this year.</p><p>At the upcoming shareholders' meeting, Buffett may provide a more detailed response to his recent investment actions and reveal his future investment outlook and plans. Buffett recently called the meeting \"a very, very important meeting.\"</p><p><b>5. The title of \"Prophet of Omaha\" is by no means empty.</b></p><p>Buffett's repeated accurate predictions about stocks and markets have earned him the nickname \"Oracle of Omaha.\"</p><p>in 2011,<a href=\"https://laohu8.com/S/BAC\">Bank of America</a>Having suffered the aftershocks of the subprime mortgage crisis, with the stock price falling from $19 per share the previous year to $7 per share, Buffett sensed an opportunity and purchased $5 billion of Bank of America preferred shares.</p><p>These preferred shares came with warrants that allowed him to buy 700 million shares of Bank of America stock at $7.14 per share. When Buffett exercised his options in 2017, he made $12 billion.</p><p>In late 1974, when the Dow Jones Industrial Average fell below 600 points, Buffett told Forbes that he believed \"now is the time to start investing.\" By the time that interview was published, the Dow had risen nearly 15% to 660 points.</p><p>This prediction particularly highlights Buffett's investment philosophy:</p><p>Fear when others are greedy, and be greedy when others are fearful. Whenever Buffett speaks, the whole world listens with bated breath. This time, let's focus our attention on this legendary figure.</p><p><img src=\"https://static.tigerbbs.com/86265aa24c88e98c77bfcb35b6d9d942\" tg-width=\"800\" tg-height=\"532\" referrerpolicy=\"no-referrer\"/></p><p><b>6. Review some classic quotes from Buffett and Munger.</b></p><p>The most anticipated aspect of this shareholders' meeting, hailed as the \"Spring Festival Gala of the investment world,\" is that 92-year-old Buffett and 98-year-old Munger will once again team up to share their investment wisdom with global investors.</p><p>Before that, let's recall the wise investment views of Munger and Buffett.</p><p><b>1) 20 classic quotes from Munger</b></p><p><ul><li>Investment wisdom</p><p></li></ul>1. People calculate too much and think too little.</p><p>2. It is worth noting that people like us do not become stupid through hard work, rather than becoming very smart through hard work, and gain many long-term advantages!</p><p>3. Generally speaking, jealousy, resentment, and self-pity are disastrous ways of thinking. Excessive self-pity can be almost paranoid, and paranoia is one of the hardest things to reverse. Let's not get caught up in self-pity.</p><p>4. What is basic, universal wisdom? The first rule is that if you just remember isolated facts and piece them together, you can't really understand anything. If these facts are not organized into a memory grid, they exist in an unusable form. You have to build the model in your brain.</p><p><ul><li>Wealth Creation</p><p></li></ul>1. Making big money is not about buying and selling, but about waiting.</p><p>2. What is the secret to success? \"Rationality\".</p><p>3. The best way to get what you want is to make yourself worthy of it.</p><p>4. If I knew where I would die, I would never go there.</p><p><ul><li>The importance of learning</p><p></li></ul>1. There is no one-size-fits-all formula. You need to know a lot about business, human nature, and numbers. Don't expect a magic system to do these things for you.</p><p>2. If you easily embark on an interdisciplinary path, you will never want to go back, because that would be like cutting off your hands.</p><p>3. In my life, of all the smart people I met, there wasn't a single one who didn't read every day—no, not a single one. You might be surprised by how much Warren reads; he's a book with two legs.</p><p>4. Try to be smarter every day before you get up than you were before you went to bed yesterday. Day after day, if you live long enough, you will eventually get what you deserve.</p><p><ul><li>Circle of competence theory</p><p></li></ul>1. Knowing what you don't know is more useful than being smart.</p><p>2. If things get too difficult, we just skip over and try another one. Is there anything simpler than doing that?</p><p>3. You don't need to be very smart; you just need to remain a little smarter than others for a very, very long time.</p><p>4. There are three baskets: entry, exit, and too difficult. We must have sufficient insight, otherwise we will mistakenly throw into the \"too difficult\" basket.</p><p><ul><li>Code of living</p><p></li></ul>1. \"Imitating cattle\" will lead people back to mediocrity.</p><p>2. Life is like a poker game. Even if you sometimes get a hand you really like, you must learn to give up.</p><p>3. Learn to think about things upside down. Looking back, reverse thinking will help you discover many problems.</p><p>4. Life is a series of \"opportunity costs\". You should marry the best person you can find. How similar it is to investing!</p><p><b>2) Warren Buffett's 15 Investment Wisdoms</b></p><p>1. The first rule is never to lose money, and the second rule is to remember the first rule.</p><p>Buffett's golden rule is that any investor should prioritize preserving their capital when deciding to invest in the market. In other words, stay rational.</p><p>2. Someone is sitting in the shade of a tree today because he planted a tree a long time ago.</p><p>The core pillar of Buffett's long-term investment philosophy. In life and investment, we must think about the development trajectory of things.</p><p>3. If you don't want to own a stock for ten years, then don't even consider owning it for ten minutes.</p><p>Buffett's best insights into handling active and passive investing.</p><p>4. Whether we're talking about socks or stocks, I like to buy quality products at low prices.</p><p>The core of value investing is to find undervalued companies to invest in.</p><p>5. Buying an excellent company at a reasonable price is better than buying a mediocre company at a low price.</p><p>Finding undervalued companies is not the only criterion; you also need to look at the stock's fundamentals to determine whether a company is outstanding.</p><p>6. Risk comes from not knowing what you are doing.</p><p>A little research can reduce a lot of risk and help you understand the market better.</p><p>7. Never invest in a business you cannot understand.</p><p>Understand the returns and risks of an asset before trying to invest in it.</p><p>8. The best investment is to invest in yourself.</p><p>Invest in two things: your ability to make money and your ability to make money work for you. Work has a certain time limit, but money can \"work\" around the clock and permanently.</p><p>9. Never rely on a single source of income; use investment to create a second source of income.</p><p>Diversification and long-term investment are the secrets to success.</p><p>10. I am afraid when others are greedy, and I am greedy when others are fearful.</p><p>People are irrational.</p><p>11. Don't give up what's attractive today just because you think you'll find something better tomorrow.</p><p>One bird in your hand is better than two in the forest.</p><p>12. The best opportunity for capital allocation is when the situation worsens.</p><p>A downturn in the market is the best time to look for good companies that are undervalued.</p><p>13. You only realize who's swimming naked when the tide goes out.</p><p>Only when short-term irrational market factors subside will we know who is investing and who is speculating.</p><p>14. Protecting your reputation is more important than money.</p><p>Integrity is the foundation.</p><p>15. The number one investment principle is independent thinking and inner peace.</p><p></body></html></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/6f3199e7971184ea39b4a4a58a0c79d0","relate_stocks":{"BRK.B":"伯克希尔B","BRK.A":"伯克希尔"},"source_url":"","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1179575802","content_text":"当地时间4月29日至5月1日（北京时间4月30日至5月2日），伯克希尔哈撒韦公司将在其创始人沃伦·巴菲特的家乡——内布拉斯加州奥马哈市举办年度股东大会，为自2019年疫情爆发以来首次回归线下举办。这次的股东大会也被称为是“投资界的春晚”，受到全球投资界的瞩目，不仅有视频秀、伯克希尔子公司产品的展销，而且还为投资者提供了难得的机会，可以听到传奇投资人——现年92岁的巴菲特和98岁的查理·芒格的讲话，他们通常会参加数小时的马拉松式问答环节。预计现场参加可能超过4万人。届时，巴菲特的退休计划、公司接班人、未来的投资计划以及对当前市场和全球经济的看法等，必然会成为所有股东乃至全球市场关注的焦点。净资产超过千亿美元的巴菲特被誉为是“奥马哈先知”，他旗下伯克希尔哈撒韦公司的A类股股价在今年3月首次收于50万美元上方，创下了历史收盘新高，表现远远超过超过了今年不住下跌的标普500指数大盘。伯克希尔A类股票是公司最初发行的股票。由于公司坚持不分红及拆股，随着时间的推移，其价格迅速飙升，最终成为华尔街最昂贵的个股之一。目前该公司市值为7430亿美元。1、股东大会的具体安排当地时间4月29日周五，伯克希尔哈撒韦公司的股东大会将在奥马哈市北部市区的 CHI Health Center 举办。与往年线下股东大会的会议安排一样，此次大会也包括了整整三天的活动日程：周末派对、投资顾问赞助的周边会议、伯克希尔旗下布鲁克斯体育公司赞助的5公里健步跑以及其他购物活动。4月29日周五的具体安排为：领取参会证，股东购物以及股东专享购物夜。30日周六的具体安排为：股东大会现场开门，播放年会惯例影片，股东大会问答环节，公司正式商务会议以及NFM伯克希尔野餐会。5月1日周日的具体安排为：“投资自己”五公里赛跑以及股东专享购物日。今年这场股东大会，最受瞩目的无疑是问答环节。现场股东将被随机抽选，CNBC的记者将整理无法出席会议的股东提问，并摘选出那些她认为人们最感兴趣的问题。巴菲特将给予股东们充分的自由度。巴菲特在邀请函中表示，任何被抽到的现场股东，只需走到现场11个麦克风前的任何一个，就可以进行提问。2、晚年遭到“弹劾” 退休计划会成真吗？就在上周，全美最大的州立公共养老基金加州公务员退休基金 CalPERS 披露，打算投票支持伯克希尔哈撒韦公司的一项股东提议——解除巴菲特的董事长职位。该基金持有超过4500亿美元的总资产，包括约23亿美元的伯克希尔哈撒韦公司股票。该公司股东之一的美国国家法律和政策中心，呼吁设立独立的董事长，称董事长和首席执行官由同一名官员担任，削弱了公司的治理结构。根据该提案，巴菲特可继续担任CEO。但伯克希尔董事会反对解除巴菲特董事长职位这一提议，该董事会上个月表示，“只要巴菲特担任伯克希尔哈撒韦公司的CEO，他就应该继续担任董事长兼CEO”。该提议看起来面临一场艰难的斗争。除了董事会的否决以外，巴菲特本人就持有该公司32%的投票权益。然而半个月前，在接受前CBS知名主持人查理·罗斯专访时，巴菲特也承认，年龄已经开始对他造成了一些影响，偶尔会“忘了名字，无法像以前那样快速阅读”。他称自己是一台“正在腐烂的机器”，但仍然“感觉很棒”。因此，有华尔街分析人士猜测，在今年的股东大会上，巴菲特或许会给出退休时间表，并最终确认伯克希尔未来的接班人。3、两位“潜在接班人”首次亮相股东大会不仅是巴菲特和芒格将再度搭档亮相，被业内看做巴菲特“潜在接班人”的 Greg Abel 和 Ajit Jain 也将一道出席。2018年1月，巴菲特提拔了这两名高管担任伯克希尔董事会成员。去年5月3日，巴菲特在接受CNBC采访时承认：“董事们一致同意，如果我卸任，将由伯克希尔非保险业务的副董事长Greg Abel接任CEO。”现年59岁的Abel从1992年开始在一家名为CalEnergy的小型电力公司工作，1998年成为该公司的总裁，并将公司更名为中美能源控股公司。这家公司在2000年被伯克希尔哈撒韦公司收购，现在为伯克希尔·哈撒韦能源公司（BHE）。Abel从2008年到2018年担任该公司的CEO，现在为董事长。据《福布斯》报道，Abel持有伯克希尔哈撒韦能源公司1%的股份，价值约4.8亿美元，占他净资产的大部分。他还拥有一个信托基金，在该基金中他拥有5股伯克希尔哈撒韦公司的A类股，他还为家庭成员保管了2363股的B类股。他的A类股票价值约280万美元，B类股票价值超过40万美元。见闻君曾提及，与巴菲特和芒格不同，生性低调的Abel不喜欢站在聚光灯下。尽管如此，并购交易方面的出色表现仍让外界对他印象深刻。他的朋友曾这么形容：“他的生活就是工作，他把自己的才能隐藏在谦逊的态度背后”。Abel自己也并不年轻了。因此，巴菲特想让他担任伯克希尔哈撒韦公司的CEO也许是有道理的。另一位接班人是伯克希尔哈撒韦公司保险业务的副董事长Ajit Jain。巴菲特此前坦言，伯克希尔董事会已经对谁应该立刻接班CEO达成了共识：如果我今晚发生什么事，Greg将在第二天早上接替CEO。如果Greg发生什么，另一位副董事长Ajit将接替。4、巴菲特近期频频出手 会如何解释投资逻辑？今年以来，全球市场值多事之秋。自俄乌冲突爆发以来，擅长利用市场动荡挖掘机会的巴菲特，持续买入西方石油公司的股票，持股累计达到1.364亿股，占西方石油在外流通股票的14.6%，价值超过72亿美元。不久之后，巴菲特再度出手，将以116亿美元收购保险公司Alleghany，这是巴菲特六年来最大的一笔收购。在狂买石油股、收购保险公司后，巴菲特再次买入1.21亿股惠普股票。这笔投资使伯克希尔获得了惠普约11.4%的股份，成为这家个人电脑和打印机制造商的最大股东。据Business Insider报道，投资公司Edward Jones的高级股票分析师James Shanahan预计，明年还会实现另外两笔交易。伯克希尔哈撒韦可能会斥资约40亿美元，在2023年初将其对全美最大卡车休息站运营商 Pilot Flying J 的股权提高到80%。此外，该公司可能很快就会收购 Walter Scott Jr. 家族持有的伯克希尔哈撒韦能源公司8%的股份。Shanahan说，这将使其持股比例超过99%。这使得伯克希尔哈撒韦公司在18个月内的投资可能超过330亿美元，超过其在2020年投入股市的300亿美元。截至2021年底，伯克希尔哈撒韦账面上的现金达到1440亿美元。但无论如何，伯克希尔可能仍难以减少其现金储备。Shanahan指出，该公司每五个季度产生约330亿美元的自由现金流：除非有其他的投资，否则到2023年中期，伯克希尔很有可能仍持有1500亿美元的现金。本周，Shanahan将该股评级下调至“持有”，并声称其当前股价已经反映出，该股今年的表现可能优于其金融服务业同行。在即将召开的股东大会上，巴菲特或许会对近期的投资动作给予更详细的回应，并透露其对未来的投资展望与计划。巴菲特最近称这次会议是“非常、非常重要的会议”。5、“奥马哈先知”绝非浪得虚名巴菲特对股票和市场的多次准确预测为他赢得了“奥马哈先知”（Oracle of Omaha）的绰号。2011年，美国银行遭受了次贷危机的余震，股价从前一年的每股19美元跌至每股7美元，巴菲特嗅到了机会的味道，购买了50亿美元的美国银行优先股。这些优先股附有认股权证，巴菲特可以以每股7.14美元的价格购买7亿股美国银行股票。当巴菲特在2017年行权时，他赚了120亿美元。1974年末，当道琼斯指数跌破600点时，巴菲特对《福布斯》表示，他认为“现在就是开始投资的时候了”。到那次采访发表时，道琼斯指数已经上涨了近15%，达到660点。这一预言尤其突显了巴菲特的投资哲学：在别人贪婪时恐惧，在别人恐惧时贪婪。每当巴菲特发言时，全世界都在屏息聆听。这一次，也让我们共同将目光聚焦在这一传奇人物的身上。6、温习下巴菲特和芒格的经典语录这场被誉为“投资界的春晚”的股东大会，最受瞩目的是现年92岁的巴菲特和98岁的芒格将再度搭档，与全球投资者分享他们的投资智慧。在此之前，让我们一起回忆一下芒格、巴菲特的睿智投资观点。   1）芒格的20条经典语录投资智慧1、人们算计得太多，而思考得太少。2、值得注意的是，像我们这样的人通过努力不变得愚蠢，而不是努力变得非常聪明，获得了多少长期优势！3、一般来说，嫉妒、怨恨和自怜都是灾难性的思维方式。过度自怜让人近乎偏执，而偏执是最难逆转的事情之一，我们不要陷入自怜的情绪中。4、什么是基本的、普世的智慧？第一条规则是，如果你只是记住孤立的事实，把他们硬凑起来，你就不可能真正理解任何事情。如果这些事实没有被整理进记忆网格中，它们就以不可使用的形式存在。你必须在你的大脑中建立模型。财富创造1、赚大钱，不在于买卖，而重在等待。2、成功的秘诀是什么？“理性”。3、要想得到你想要的东西，最好的办法是让自己配得上它。4、如果我知道我会死在哪里，我将永远不会去那个地方。学习的重要性1、没有万能公式，你需要了解很多关于商业、人性以及数字的知识，别指望有一个神奇的系统可以为你完成这些工作。2、如果你轻车熟路地走上跨学科的道路，你将永远不想往回走，因为那就像砍断你的双手一样。3、在我的一生中，认识的所有聪明人，没有一个不每天阅读的——没有，一个都没有。而沃伦读书之多，可能会让你感到吃惊，他是一本长了两条腿的书。4、试着每天起床前比昨天睡觉前聪明一点，一天又一天，如果你足够长寿，到头来你会得到你应得的东西。能力圈理论1、知道自己不知道的比聪明更有用。2、如果事情太难了，我们就跳过去换一个，还有什么比做到这一点更简单吗？3、你不需要很聪明，只需要在很长很长的时间内保持比其他人聪明一点点就够了。4、有三个篮筐，分别是：进入、退出和太难，我们必须有足够的洞察力，否则我们就错误投进“太难”的篮子里。生活准则1、“模仿牛群”会使人回归平庸。2、生活就像一场扑克游戏，即使有时候你会拿到一把非常喜欢的牌，但也要必须学会放弃。3、要学会把事情颠倒过来考虑，从后面来看，逆向思维会帮助你发现很多问题。4、人生就是一连串的 \"机会成本\"，你要与你能找到的最好的人结婚，这与投资多么相似啊！2）巴菲特的15条投资箴言1、第一条规则是永远不要赔钱，第二条规则是牢记第一条规则。巴菲特的黄金法则，任何投资者在决定将资金投入市场时，都应该把保本作为首要任务。换句话说，保持理性。2、有人今天坐在树荫下，是因为他很久以前种了一棵树。巴菲特长期投资理念的核心支柱。在生活和投资中，必须思考事物的发展轨迹。3、如果你不愿意拥有一只股票十年，那就不要考虑拥有它十分钟。巴菲特处理主动和被动投资的最佳洞察。4、无论我们是谈论袜子还是股票，我都喜欢在低价时购买优质商品。价值投资的内核，寻找被低估的公司进行投资。5、以合理的价格买入一家优秀的公司，胜于低价买入一家平庸的公司。寻找被低估的公司不是唯一的标准，还要看股票基本面，判断公司是否出色。6、风险来自于你不知道自己在做些什么。一点研究就能减少很多风险，多了解市场。7、永远不要投资你无法理解的业务。了解资产的收益和风险后，再尝试投资它。8、最好的投资就是投资自己 。投资两件事：你赚钱的能力和让钱为你工作的能力。工作有一定的时间限制，但金钱可以全天候、永久地“工作”。9、永远不要依赖于单一收入，用投资创造第二收入来源。多元化、长期投资是成功的秘诀。10、别人贪婪时我恐惧，别人恐惧时我贪婪。人是非理性的。11、不要因为你认为明天会找到更好的东西，而放弃今天有吸引力的东西。一鸟在手胜过两鸟在林。12、资本配置的最佳机会是在情况恶化时。市场低迷是寻找被低估的优秀公司的最佳时机。13、当潮水退去才知道谁在裸泳。当短期非理性的市场因素退去后，才会知道谁是在投资，谁是在投机。14、保护好你的信誉，这比金钱更重要。诚信为本。15、第一大投资原则是独立思考和内心的平静。","news_type":1,"symbols_score_info":{"BRK.B":0.9,"BRK.A":0.9}},"isVote":1,"tweetType":1,"viewCount":5022,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9060256524,"gmtCreate":1651157314175,"gmtModify":1676534860749,"author":{"id":"3586771609683476","authorId":"3586771609683476","name":"JackJiang","avatar":"https://static.tigerbbs.com/21d7e0d2a9c7ff66594d11d8cc825e95","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3586771609683476","idStr":"3586771609683476"},"themes":[],"title":"","htmlText":"Ok👍","listText":"Ok👍","text":"Ok👍","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9060256524","repostId":"1130065805","repostType":4,"isVote":1,"tweetType":1,"viewCount":4506,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9011858261,"gmtCreate":1648857196180,"gmtModify":1676534410506,"author":{"id":"3586771609683476","authorId":"3586771609683476","name":"JackJiang","avatar":"https://static.tigerbbs.com/21d7e0d2a9c7ff66594d11d8cc825e95","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3586771609683476","idStr":"3586771609683476"},"themes":[],"title":"","htmlText":"Ok&nbsp;","listText":"Ok&nbsp;","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9011858261","repostId":"1165033782","repostType":4,"isVote":1,"tweetType":1,"viewCount":4466,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9011853311,"gmtCreate":1648857111338,"gmtModify":1676534410426,"author":{"id":"3586771609683476","authorId":"3586771609683476","name":"JackJiang","avatar":"https://static.tigerbbs.com/21d7e0d2a9c7ff66594d11d8cc825e95","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3586771609683476","idStr":"3586771609683476"},"themes":[],"title":"","htmlText":"Ok&nbsp;","listText":"Ok&nbsp;","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9011853311","repostId":"1130356803","repostType":4,"repost":{"id":"1130356803","kind":"news","pubTimestamp":1648821026,"share":"https://ttm.financial/m/news/1130356803?lang=en_US&edition=fundamental","pubTime":"2022-04-01 21:50","market":"us","language":"zh","title":"Wang Chuanfu: The current surge in raw material prices is a challenge the industry needs to overcome.","url":"https://stock-news.laohu8.com/highlight/detail?id=1130356803","media":"上海证券报","summary":"建议全面梳理碳酸锂资源布局和产能，增加国内开采量和国外进口量。","content":"<p><div>Shanghai Securities News (Reporter Qiu Dekun) - On the afternoon of April 1, BYD held an online briefing on its 2021 annual report. BYD Chairman Wang Chuanfu stated, \"The current soaring raw material prices are a challenge the industry needs to overcome. We recommend a comprehensive review of the lithium carbonate resource layout and production capacity, increasing domestic mining and imports, maintaining market supply and demand, stabilizing price expectations, and promoting the healthy and safe development of the industry.\" Wang Chuanfu explained that globally, achieving carbon peaking and carbon neutrality in addressing climate change is a global consensus, but behind the explosive growth of the new energy vehicle market, the industry faces challenges such as the pandemic...</p><p><a href=\"https://news.cnstock.com/news,bwkx-202204-4856332.htm\">Web page link</a></div></p>","source":"shzqb","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>Wang Chuanfu: The current surge in raw material prices is a challenge the industry needs to overcome.</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: 12.5px; color: #7E829C; margin: 0;}\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\">\nWang Chuanfu: The current surge in raw material prices is a challenge the industry needs to overcome.\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">上海证券报</strong><span class=\"h-time small\">2022-04-01 21:50</span>\n</p>\n</h4>\n</header>\n<article>\n<p><div>Shanghai Securities News (Reporter Qiu Dekun) - On the afternoon of April 1, BYD held an online briefing on its 2021 annual report. BYD Chairman Wang Chuanfu stated, \"The current soaring raw material prices are a challenge the industry needs to overcome. We recommend a comprehensive review of the lithium carbonate resource layout and production capacity, increasing domestic mining and imports, maintaining market supply and demand, stabilizing price expectations, and promoting the healthy and safe development of the industry.\" Wang Chuanfu explained that globally, achieving carbon peaking and carbon neutrality in addressing climate change is a global consensus, but behind the explosive growth of the new energy vehicle market, the industry faces challenges such as the pandemic...</p><p><a href=\"https://news.cnstock.com/news,bwkx-202204-4856332.htm\">Web page link</a></div></p>\n<div class=\"bt-text\">\n\n\n<p> source：<a href=\"https://news.cnstock.com/news,bwkx-202204-4856332.htm\">上海证券报</a></p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/321df3e7f5d871ff7f9e8782901189ee","relate_stocks":{"01211":"比亚迪股份","002594":"比亚迪","00285":"比亚迪电子"},"source_url":"https://news.cnstock.com/news,bwkx-202204-4856332.htm","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1130356803","content_text":"上证报中国证券网讯（记者 邱德坤）4月1日下午，比亚迪2021年年度报告网上说明会召开。比亚迪董事长王传福表示：“眼下的原材料价格暴涨是行业需要克服的挑战，建议全面梳理碳酸锂资源布局和产能，增加国内开采量和国外进口量，维护市场供需，稳定价格预期，促进行业健康安全发展。”王传福介绍，从全球范围来看，应对气候变化实现碳达峰、碳中和目标是全球共识，但新能源汽车市场爆发式增长的背后，行业面临疫情、原材料价格暴涨、供应链不稳定等严峻挑战。“安全是新能源汽车发展的基石，成本是必须要面对的一项重要指标”。王传福认为，有些东西刚开始做可能贵一点，但是只要规模化以后会把成本降下来。当新能源汽车的性能迈过一定门槛后，对于动力电池能量密度的重要性在降低，取而代之的最重要指标是安全、成本、循环寿命等。王传福表示，中国不可能从燃油车时代被石油卡脖子，变成电动车时代被钴、镍等金属卡脖子。磷酸铁锂不含稀有金属，更加匹配社会资源承受度。","news_type":1,"symbols_score_info":{"002594":0.9,"01211":0.9,"00285":0.9}},"isVote":1,"tweetType":1,"viewCount":4744,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9011859872,"gmtCreate":1648857076646,"gmtModify":1676534410391,"author":{"id":"3586771609683476","authorId":"3586771609683476","name":"JackJiang","avatar":"https://static.tigerbbs.com/21d7e0d2a9c7ff66594d11d8cc825e95","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3586771609683476","idStr":"3586771609683476"},"themes":[],"title":"","htmlText":"👍","listText":"👍","text":"👍","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9011859872","repostId":"1106667215","repostType":4,"repost":{"id":"1106667215","kind":"news","pubTimestamp":1648828221,"share":"https://ttm.financial/m/news/1106667215?lang=en_US&edition=fundamental","pubTime":"2022-04-01 23:50","market":"sh","language":"zh","title":"Meng Wanzhou serves as Huawei's rotating chairman.","url":"https://stock-news.laohu8.com/highlight/detail?id=1106667215","media":"新浪科技","summary":"4月1日晚间消息，华为官网最新信息显示，华为CFO孟晚舟担任华为副董事长、轮值董事长。","content":"<p><html><head></head><body>According to the latest information on Huawei's official website on the evening of April 1, Huawei CFO Meng Wanzhou has been appointed as Huawei's vice chairman and rotating chairman.</p><p><img src=\"https://static.tigerbbs.com/d136391ef7e8cf16433d8f2af0b10fc3\" tg-width=\"630\" tg-height=\"968\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p></body></html></p>","source":"lsy1635144614083","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>Meng Wanzhou serves as Huawei's rotating chairman.</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: 12.5px; color: #7E829C; margin: 0;}\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\">\nMeng Wanzhou serves as Huawei's rotating chairman.\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">新浪科技</strong><span class=\"h-time small\">2022-04-01 23:50</span>\n</p>\n</h4>\n</header>\n<article>\n<p><html><head></head><body>According to the latest information on Huawei's official website on the evening of April 1, Huawei CFO Meng Wanzhou has been appointed as Huawei's vice chairman and rotating chairman.</p><p><img src=\"https://static.tigerbbs.com/d136391ef7e8cf16433d8f2af0b10fc3\" tg-width=\"630\" tg-height=\"968\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p></body></html></p>\n<div class=\"bt-text\">\n\n\n<p> source：<a href=\"https://finance.sina.com.cn/tech/2022-04-01/doc-imcwiwss9459519.shtml\">新浪科技</a></p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/a15bffc99387ca14cc717ab1f1c37fcd","relate_stocks":{},"source_url":"https://finance.sina.com.cn/tech/2022-04-01/doc-imcwiwss9459519.shtml","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1106667215","content_text":"4月1日晚间消息，华为官网最新信息显示，华为CFO孟晚舟担任华为副董事长、轮值董事长。","news_type":1,"symbols_score_info":{}},"isVote":1,"tweetType":1,"viewCount":4066,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9033687751,"gmtCreate":1646267446188,"gmtModify":1676534110181,"author":{"id":"3586771609683476","authorId":"3586771609683476","name":"JackJiang","avatar":"https://static.tigerbbs.com/21d7e0d2a9c7ff66594d11d8cc825e95","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3586771609683476","idStr":"3586771609683476"},"themes":[],"title":"","htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9033687751","repostId":"1100214031","repostType":4,"repost":{"id":"1100214031","kind":"news","weMediaInfo":{"introduction":"为用户提供金融资讯、行情、数据，旨在帮助投资者理解世界，做投资决策。","home_visible":1,"media_name":"老虎资讯综合","id":"102","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1646226275,"share":"https://ttm.financial/m/news/1100214031?lang=en_US&edition=fundamental","pubTime":"2022-03-02 21:04","market":"hk","language":"zh","title":"Night Reading | Peter Lynch: 25 Gold Investment Rules to Beat Wall Street","url":"https://stock-news.laohu8.com/highlight/detail?id=1100214031","media":"老虎资讯综合","summary":"来源：整合自《战胜华尔街》p282 25条股票投资黄金法则及网上相关资料作者：彼得·林奇编者注：彼得·林奇毫无疑问是一位卓越的股票投资家，是一个永远的多头持有者。这些朴素的道理林奇用幽默的语言给我们阐述，值得我们一边又一遍的去品味，琢磨，投资道路上，我们共勉。注意：投资于6只投资风格相同的股票基金并非分散投资。","content":"<p><html><head></head><body>Source: Compiled from 25 Golden Rules for Stock Investment, page 282 of \"Defeating Wall Street\" and related online materials.</p><p>By Peter Lynch</p><p>Editor's note: Peter Lynch is undoubtedly an exceptional stock investor and a perpetual long holder. As someone from the last century, some of their investment methods may seem a bit outdated, but the essence of value investing is worth learning from for every investor.<b>For example, start with the company's own business, study the fundamentals, and avoid chasing highs and selling lows. Lin Qi explains these simple truths to us in humorous language, which are worth savoring and pondering over and over again. Let us encourage each other on our investment journey.</b></p><p>1. Investing is fun and exciting, but it can be dangerous if you don't put in the effort to study the fundamentals.</p><p>2. As an amateur investor, your advantage does not lie in obtaining so-called professional investment advice from Wall Street investment experts. Your advantage lies in your unique knowledge and experience. If you leverage your unique strengths to invest in companies and industries you know well, you will definitely beat those investment experts.</p><p>3. For more than 30 years, the stock market has been dominated by a group of professional institutional investors. However, contrary to popular belief, I believe this has actually made it easier for amateur investors to achieve better investment results. Amateur investors can ignore this group of professional institutional investors and still beat the market.</p><p>4. Behind every stock is actually a company, and you need to figure out how that company operates.</p><p>5. It often happens that in the short term, for example, for several months or even years, a company's performance is completely unrelated to its stock price performance; However, in the long run, a company's performance is definitely completely correlated with its stock price performance. Understanding the correlation between short-term and long-term performance and stock price performance is key to making money in investing. At the same time, this difference also indicates that patient holding will eventually pay off, and only by choosing stocks of successful companies can one achieve investment success.</p><p>6. You need to understand the fundamentals of the company you hold shares in, and you need to understand the reasons for holding the stock. Yes, children will eventually grow up, but stocks will not eventually rise.</p><p>7. Thinking that once you win a bet, you will make a lot of money, but you often end up losing a lot.</p><p>8. Treat stocks like your children, but you shouldn't have too many children. I suggest that amateur investors never hold more than 5 stocks at the same time. An amateur investor, even with all available spare time, can only study and track a maximum of 8-12 stocks, and only find opportunities to buy and sell when conditions permit. Therefore, I recommend that amateur investors never hold more than five stocks at any time.</p><p>9. If you can't find a listed company stock worth investing in. Then stay away from the stock market and put your money in the bank until you find a stock worth investing in.</p><p>10. Never invest in the stock of a company whose financial situation you do not understand. Before buying stocks, be sure to check the company's balance sheet to see if the company has sufficient debt repayment capacity and whether there is a risk of bankruptcy.</p><p>11. Avoid those hot stocks. Stocks of outstanding companies in niche industries and industries without growth often become the most profitable bull stocks.</p><p>12. For small company stocks, it's best to wait until these small companies start to turn a profit before considering investing.</p><p>13. If you plan to invest in an industry that is in trouble, be sure to invest in companies that have the ability to weather the storm, and be sure to wait until the industry shows signs of recovery. However, industries such as the production of carriage whips and electron tubes are never likely to recover.</p><p>14. If you invest 1,000 yuan in a stock, even if you lose everything, it will only be 1,000 yuan. However, if you hold it patiently, you may earn 1,000 yuan or even 50,000 yuan. As long as you find a few top-performing stocks and concentrate your investments, the time and effort spent by amateur investors will be far more than worthwhile.</p><p>15. In any industry, careful amateur investors will discover outstanding high-growth companies, and they will discover them much earlier than professional investors.</p><p>16. Stock prices often plummet in the stock market, just as blizzards often occur during the harsh winter in Northeast China. If you make thorough preparations in advance, you won't suffer any damage at all. When the stock market crashes, investors who are not prepared in advance will be terrified and rush to sell at low prices to flee the market. Many stocks will become very cheap, which can be an excellent opportunity for investors who are prepared in advance to buy at low prices.</p><p>17. Everyone has the knowledge needed to make money investing in stocks, but not everyone has the courage needed to make money investing in stocks. Only with knowledge and courage can you make big money investing in stocks. If you are easily influenced by others during the panic of a sharp drop in the market and are so frightened that you quickly sell all your stocks, then if you are timid and afraid of a drop, it is best not to invest in stocks or equity funds.</p><p>18. There will always be things to worry about. Don't worry, the sky won't fall. Unless the company's fundamentals deteriorate, never panic and sell good company stocks.</p><p>19. Ignore any predictions about future interest rates, the macroeconomy, and the stock market, and focus on what is changing in the companies you invest in.</p><p>20. There are always unexpected discoveries in the stock market: good company stocks that perform well but are overlooked by professional institutional investors.</p><p>21. Buying stocks without studying the company's fundamentals is like playing cards without reading the cards; the chances of making money investing are very small.</p><p>22. When you hold stocks in good companies, time will be on your side; the longer you hold them, the greater your chances of making money. Patiently holding stocks of good companies will eventually yield good returns. Even if you miss the surge in stocks of excellent companies like Walmart in the first five years, long-term holding over the next five years will still yield good returns. However, if you hold stock options, time will be on your side; the longer you hold them, the smaller your chances of making money.</p><p>23. If you have the courage to invest in stocks but don't have the time or interest to do your homework and research the fundamentals, then your best option is to invest in equity funds. You should diversify your investments into different stock funds. Fund managers' investment styles can be divided into growth, value, small-cap, and large-cap stocks. You should invest in several different types of stock investment funds. Note: Investing in six stock funds with the same investment style is not diversification. Investors who switch between different funds will pay a huge price and have to pay a high capital gains tax. If one or more funds you invest in are performing well, don't just abandon them; instead, hold them for the long term.</p><p>24. Over the past 10 years, the average investment return of the US stock market has ranked only 8th among global stock markets. Therefore, you can buy funds that invest in overseas stock markets and perform well, thereby sharing in the high growth of stock markets in other countries outside the US.</p><p>25. In the long run, investing in a portfolio of carefully selected stocks or equity funds will certainly outperform a portfolio of bonds or bond funds, but investing in a portfolio of randomly selected stocks is safer than keeping your money under your bed.</p><p></body></html></p>","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>Night Reading | Peter Lynch: 25 Gold Investment Rules to Beat Wall Street</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: 12.5px; color: #7E829C; margin: 0;}\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\">\nNight Reading | Peter Lynch: 25 Gold Investment Rules to Beat Wall Street\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/102\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">老虎资讯综合 </p>\n<p class=\"h-time smaller\">2022-03-02 21:04</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p><html><head></head><body>Source: Compiled from 25 Golden Rules for Stock Investment, page 282 of \"Defeating Wall Street\" and related online materials.</p><p>By Peter Lynch</p><p>Editor's note: Peter Lynch is undoubtedly an exceptional stock investor and a perpetual long holder. As someone from the last century, some of their investment methods may seem a bit outdated, but the essence of value investing is worth learning from for every investor.<b>For example, start with the company's own business, study the fundamentals, and avoid chasing highs and selling lows. Lin Qi explains these simple truths to us in humorous language, which are worth savoring and pondering over and over again. Let us encourage each other on our investment journey.</b></p><p>1. Investing is fun and exciting, but it can be dangerous if you don't put in the effort to study the fundamentals.</p><p>2. As an amateur investor, your advantage does not lie in obtaining so-called professional investment advice from Wall Street investment experts. Your advantage lies in your unique knowledge and experience. If you leverage your unique strengths to invest in companies and industries you know well, you will definitely beat those investment experts.</p><p>3. For more than 30 years, the stock market has been dominated by a group of professional institutional investors. However, contrary to popular belief, I believe this has actually made it easier for amateur investors to achieve better investment results. Amateur investors can ignore this group of professional institutional investors and still beat the market.</p><p>4. Behind every stock is actually a company, and you need to figure out how that company operates.</p><p>5. It often happens that in the short term, for example, for several months or even years, a company's performance is completely unrelated to its stock price performance; However, in the long run, a company's performance is definitely completely correlated with its stock price performance. Understanding the correlation between short-term and long-term performance and stock price performance is key to making money in investing. At the same time, this difference also indicates that patient holding will eventually pay off, and only by choosing stocks of successful companies can one achieve investment success.</p><p>6. You need to understand the fundamentals of the company you hold shares in, and you need to understand the reasons for holding the stock. Yes, children will eventually grow up, but stocks will not eventually rise.</p><p>7. Thinking that once you win a bet, you will make a lot of money, but you often end up losing a lot.</p><p>8. Treat stocks like your children, but you shouldn't have too many children. I suggest that amateur investors never hold more than 5 stocks at the same time. An amateur investor, even with all available spare time, can only study and track a maximum of 8-12 stocks, and only find opportunities to buy and sell when conditions permit. Therefore, I recommend that amateur investors never hold more than five stocks at any time.</p><p>9. If you can't find a listed company stock worth investing in. Then stay away from the stock market and put your money in the bank until you find a stock worth investing in.</p><p>10. Never invest in the stock of a company whose financial situation you do not understand. Before buying stocks, be sure to check the company's balance sheet to see if the company has sufficient debt repayment capacity and whether there is a risk of bankruptcy.</p><p>11. Avoid those hot stocks. Stocks of outstanding companies in niche industries and industries without growth often become the most profitable bull stocks.</p><p>12. For small company stocks, it's best to wait until these small companies start to turn a profit before considering investing.</p><p>13. If you plan to invest in an industry that is in trouble, be sure to invest in companies that have the ability to weather the storm, and be sure to wait until the industry shows signs of recovery. However, industries such as the production of carriage whips and electron tubes are never likely to recover.</p><p>14. If you invest 1,000 yuan in a stock, even if you lose everything, it will only be 1,000 yuan. However, if you hold it patiently, you may earn 1,000 yuan or even 50,000 yuan. As long as you find a few top-performing stocks and concentrate your investments, the time and effort spent by amateur investors will be far more than worthwhile.</p><p>15. In any industry, careful amateur investors will discover outstanding high-growth companies, and they will discover them much earlier than professional investors.</p><p>16. Stock prices often plummet in the stock market, just as blizzards often occur during the harsh winter in Northeast China. If you make thorough preparations in advance, you won't suffer any damage at all. When the stock market crashes, investors who are not prepared in advance will be terrified and rush to sell at low prices to flee the market. Many stocks will become very cheap, which can be an excellent opportunity for investors who are prepared in advance to buy at low prices.</p><p>17. Everyone has the knowledge needed to make money investing in stocks, but not everyone has the courage needed to make money investing in stocks. Only with knowledge and courage can you make big money investing in stocks. If you are easily influenced by others during the panic of a sharp drop in the market and are so frightened that you quickly sell all your stocks, then if you are timid and afraid of a drop, it is best not to invest in stocks or equity funds.</p><p>18. There will always be things to worry about. Don't worry, the sky won't fall. Unless the company's fundamentals deteriorate, never panic and sell good company stocks.</p><p>19. Ignore any predictions about future interest rates, the macroeconomy, and the stock market, and focus on what is changing in the companies you invest in.</p><p>20. There are always unexpected discoveries in the stock market: good company stocks that perform well but are overlooked by professional institutional investors.</p><p>21. Buying stocks without studying the company's fundamentals is like playing cards without reading the cards; the chances of making money investing are very small.</p><p>22. When you hold stocks in good companies, time will be on your side; the longer you hold them, the greater your chances of making money. Patiently holding stocks of good companies will eventually yield good returns. Even if you miss the surge in stocks of excellent companies like Walmart in the first five years, long-term holding over the next five years will still yield good returns. However, if you hold stock options, time will be on your side; the longer you hold them, the smaller your chances of making money.</p><p>23. If you have the courage to invest in stocks but don't have the time or interest to do your homework and research the fundamentals, then your best option is to invest in equity funds. You should diversify your investments into different stock funds. Fund managers' investment styles can be divided into growth, value, small-cap, and large-cap stocks. You should invest in several different types of stock investment funds. Note: Investing in six stock funds with the same investment style is not diversification. Investors who switch between different funds will pay a huge price and have to pay a high capital gains tax. If one or more funds you invest in are performing well, don't just abandon them; instead, hold them for the long term.</p><p>24. Over the past 10 years, the average investment return of the US stock market has ranked only 8th among global stock markets. Therefore, you can buy funds that invest in overseas stock markets and perform well, thereby sharing in the high growth of stock markets in other countries outside the US.</p><p>25. In the long run, investing in a portfolio of carefully selected stocks or equity funds will certainly outperform a portfolio of bonds or bond funds, but investing in a portfolio of randomly selected stocks is safer than keeping your money under your bed.</p><p></body></html></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/5d8fb95e65f042f352c6313989391357","relate_stocks":{},"source_url":"","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1100214031","content_text":"来源：整合自《战胜华尔街》p282 25条股票投资黄金法则及网上相关资料作者：彼得·林奇编者注：彼得·林奇毫无疑问是一位卓越的股票投资家，是一个永远的多头持有者。作为上个世纪的人，其一些投资方法可能显得有些过时，但是其价值投资的精髓值得我们每一个投资者去学习。例如，从公司本身业务入手，研究基本面，不要追涨杀跌。这些朴素的道理林奇用幽默的语言给我们阐述，值得我们一边又一遍的去品味，琢磨，投资道路上，我们共勉。1.投资很有趣、很刺激，但如果你不下工夫研究基本面的话，那就会很危险。2.作为一个业余投资者，你的优势并不在于从华尔街投资专家那里获得所谓专业投资建议。你的优势其实在于你自身所具有的独特知识和经验。如果充分发挥你的独特优势来投资于自己充分了解的公司和行业，那么你肯定会打败那些投资专家们。3.过去30多年来，股票市场被一群专业机构投资者所主宰，但是与一般人的想法正好相反，我认为这反而使业余投资者更容易取得更好的投资业绩。业余投资者尽可以忽略这群专业机构投资者，照样战胜市场。4.每只股票后面其实都是一家公司，你得弄清楚这家公司到底是如何经营的。5.经常出现这样的事：短期而言，比如好几个月甚至好几年，一家公司业绩表现与其股价表现毫不相关；但是长期而言，一家公司业绩表现肯定与其股价表现是完全相关的。弄清楚短期和长期业绩表现与股价表现相关性的差别，是投资赚钱的关键。同时，这一差别也表明，耐心持有终有回报，选择成功企业的股票方能取得投资成功。6.你得弄清楚你持股的公司基本面究竟如何，你得搞明白持有这只股票的理由究竟是什么。不错，孩子终究会长大的，但是股票并非终究会上涨的。7.想着一旦赌赢就会大赚一把，结果往往会大输一把。8.把股票看做是你的孩子，但是养孩子不能太多，我建议业余投资者在任何时候都不要同时持有5只以上的股票。一个业余投资人，即使利用所有能利用的业余时间，最多也只能研究追踪8-12支股票，而且只有在条件允许的情况下找到机会进行买入卖出操作。因此我建议业余投资者在任何时候都不要持有5只以上的股票。9.如果你找不到一只值得投资的上市公司股票。那么就远离股市，把你的钱存到银行里，直到你找到一只值得投资的股票。10.永远不要投资你不了解其财务状况的公司股票。在买入股票之前，一定要先检查一下公司的资产负债表，看看公司是否有足够的偿债能力，有没有破产风险。11.避开那些热门股。冷门行业和没有增长的行业中的卓越公司股票往往会成为最赚钱的大牛股。12.对于小公司股票来说，对于小公司股票来说，你最好等到这些小公司开始实现盈利时，再考虑投资也不迟。13.如果你打算投资一个正处于困境之中的行业，一定要投资那些有能力渡过难关的公司，而且一定要等到行业出现复苏的信号。不过，像生产赶马车鞭子和电子管这样的行业是永远没有复苏的希望了。14.如果你在1只股票上投资1000元，即使亏光也不过1000元，但如果耐心持有，可能会赚1000元甚至50000元。只要找到几只大牛股，集中投资，业余投资者花费的时间精力就远远物超所值。15.在任何一个行业，平时留心观察的业余投资者就会发现那些卓越的高成长公司，而且发现时间远远早于那些专业投资者。16.股市中经常会出现股价大跌，就如同东北地区严冬时分经常会出现暴风雪一样。如果事先做好充分准备，根本不会遭到什么损害。股市大跌时那些没有事先准备的投资者会吓得胆战心惊，慌忙低价割肉，逃离股市，许多股票会变得十分便宜，对于事先早做准备的投资者来说反而是一个低价买入的绝佳机会。17.每个人都有投资股票赚钱所需要的知识，但并非每个人都有投资股票赚所需要的胆路，有识且有胆才能在股票投资上赚大钱。如果你在最市大跌恐慌中很容易受别人影响，吓的赶紧抛掉手中所有的股票，那么胆小怕跌的你最好不要投资股票，也不要投资股票型基金。18.总会有事让人担心。放心，天塌不下来。除非公司基本面恶化，否则坚决不要恐慌抛出好公司股票。19.不要理会任何对未来利率、宏观经济和股市的预测，集中精力关注你投资的公司正发生什么变化。20.在股市中总会有意外发现，那就是业绩表现良好却被专业机构投资者忽视的好公司股票。21.不研究公司基本面就买股票，就像不看牌就打牌一样，投资赚钱的机会很小。22.当你持有好公司的股票时，时间就会站在你这一边，持有时间越长，赚钱的机会就越大。耐心持有好公司股票终将有好回报，即使错过了像沃尔玛这样的优秀公司股票前5年的大涨，未来5年内长期持有仍然会有很好的回报。但是如果你持有的是股票期权，时间就会站在你的对立面，持有时间越长，赚钱的机会越小。23.如果你有胆量投资股票，却没有时间也没有兴趣做功课研究基本面，那么你的最佳选择是投资股票型基金。你应该分散投资于不同的股票基金。基金经理的投资风格可分为成长型、价值型、小盘股、大盘股等，你应该投资几种不同风格的股票投资基金。注意：投资于6只投资风格相同的股票基金并非分散投资。投资者在不同基金之间换来换去，就会付出巨大的代价，得支付很高的资本利得税。如果你投资的一只或几只基金业绩表现不错，就不要随便抛弃它们，而要坚决长期持有。24.在过去10年里，美国股市平均投资收益率在全球股市中仅仅排名第8，因此，你可以购买那些投资于海外股市且业绩表现良好的基金，从而分享美国以外其他国家股市的高成长。25.长期而言，投资于一个由精心挑选的股票或股票投资基金构成的投资组，业绩表现肯定要远远胜过一个由债券或债券基金构成的投资组合，但是投一个由胡乱挑选的股票构成的投资组合，还不如把钱放在床底下更安全。","news_type":1,"symbols_score_info":{}},"isVote":1,"tweetType":1,"viewCount":4847,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9097800954,"gmtCreate":1645402723531,"gmtModify":1676534024115,"author":{"id":"3586771609683476","authorId":"3586771609683476","name":"JackJiang","avatar":"https://static.tigerbbs.com/21d7e0d2a9c7ff66594d11d8cc825e95","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3586771609683476","idStr":"3586771609683476"},"themes":[],"title":"","htmlText":"👌","listText":"👌","text":"👌","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9097800954","repostId":"1124602561","repostType":4,"isVote":1,"tweetType":1,"viewCount":5688,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9095828707,"gmtCreate":1644884039503,"gmtModify":1676533971310,"author":{"id":"3586771609683476","authorId":"3586771609683476","name":"JackJiang","avatar":"https://static.tigerbbs.com/21d7e0d2a9c7ff66594d11d8cc825e95","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3586771609683476","idStr":"3586771609683476"},"themes":[],"title":"","htmlText":"Good👍","listText":"Good👍","text":"Good👍","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9095828707","repostId":"1143952641","repostType":4,"repost":{"id":"1143952641","kind":"news","pubTimestamp":1644830183,"share":"https://ttm.financial/m/news/1143952641?lang=en_US&edition=fundamental","pubTime":"2022-02-14 17:16","market":"us","language":"zh","title":"The \"lover\" of the Oracle of Omaha: After six years together, where did Buffett fall in love with Apple?","url":"https://stock-news.laohu8.com/highlight/detail?id=1143952641","media":"36氪财经","summary":"入股苹果，巴菲特大赚1341亿美元。","content":"<p><html><head></head><body>Author | Lin Yulian</p><p>For decades, Buffett has long favored the consumer and financial sectors, but has not been keen on investing in technology stocks. However, since January 2016<a href=\"https://laohu8.com/S/AAPL\">Apple</a>This leading global technology company has become a \"favorite\" of Warren Buffett and currently occupies a significant portion of Buffett's companies.<a href=\"https://laohu8.com/S/BRK.A\">Berkshire</a>42.73% of the portfolio position. From scoffing at tech stocks to now spending his largest position buying Apple, after six years of \"holding hands,\" what exactly has Buffett fallen in love with about Apple?</p><p>Buffett is optimistic that most companies have competitive advantages and excellent management teams. Aside from product strength and management, Apple's unique features lie in its strong consumer attributes as a technology stock, as well as its outstanding return on equity for many consecutive years. As Apple's stock price soared, Buffett made a fortune, and the $134.1 billion in returns from his investment in Apple helped Berkshire Hathaway withstand the negative impact of the pandemic.</p><p>Currently, Berkshire Hathaway's market capitalization has exceeded $700 billion. With the Federal Reserve's rate hike expectations looming over the market, will this world-class insurance group, which has long operated on an \"investment + insurance\" model, become the fifth trillion-dollar company?</p><p><b>Investing in Apple: Berkshire's Third Largest Business</b></p><p>In February 2020, Buffett admitted in a CNBC interview that Apple may be the best company in the world, and that it is not just a stock, but also Berkshire Hathaway's third business. At the beginning of this year, Apple's stock price once rose to a record high of $182.94 per share, becoming the world's first giant company to reach a market capitalization of $3 trillion, attracting market attention.</p><p>As of February 11, Apple closed at $168.64, with a total market capitalization of $2.75 trillion, exceeding the UK's 2020 GDP of $2.71 trillion and equivalent to 7.5 Moutai.</p><p><img src=\"https://static.tigerbbs.com/fc05273ee76ab1ecf41ca6859e0ddcd7\" tg-width=\"550\" tg-height=\"339\" referrerpolicy=\"no-referrer\"/></p><p>Warren review is undoubtedly the biggest winner among the many investors who have heavily invested in Apple. Warren Buffett's acquisition of Apple dates back to 2016, when his potential successors, investment managers Todd Combs and Ted Wessler, guided their funds to purchase 9.81 million Apple shares. After receiving Buffett's approval, Berkshire Hathaway began to invest heavily in Apple.</p><p>Since holding the position, Berkshire Hathaway has also sold some Apple shares. In 2020, Apple's stock price halved, and Buffett slightly reduced his holdings in the third quarter, earning $11 billion in revenue. As of January 3, 2022, Berkshire Hathaway held a total of 908 million Apple shares, representing a 5.56% stake. Based on the stock price on that day, the value of the shares was $165.3 billion. After deducting the cumulative investment of $31.089 billion in 2020, it made a profit of more than $134.1 billion, which aroused the envy of the market.</p><p><img src=\"https://static.tigerbbs.com/2b6123aa7605eb1074af7e2a93fafeb9\" tg-width=\"550\" tg-height=\"240\" referrerpolicy=\"no-referrer\"/>Data source: CNBC<img src=\"https://static.tigerbbs.com/236f8ead633b3024a9f008d243b983b1\" tg-width=\"550\" tg-height=\"84\" referrerpolicy=\"no-referrer\"/>Data source: Company financial reports;<a href=\"https://laohu8.com/S/KRKR\">36Kr</a>charting</p><p>Due to the impact of the pandemic, Berkshire Hathaway's two pillar businesses—insurance and railroads—were severely impacted, but its investment in Apple helped the company weather the COVID-19 shock smoothly. In just one year, 2021, Apple's stock price surged 33%, and today Apple is the company with the largest stake in Berkshire Hathaway's portfolio, with a position of over 40%. In 2021, Berkshire Hathaway's stock price rose 30%, slightly more than the S&P 500's 27% gain.</p><p><img src=\"https://static.tigerbbs.com/acd8a53bdd5ff0b54b22563a8a3a4de9\" tg-width=\"550\" tg-height=\"366\" referrerpolicy=\"no-referrer\"/>Apple's cumulative total returns over the past five years have outperformed the S&P 500 and Nasdaq indices. Data source: Apple financial reports.</p><p>Why is Warren Buffett, who has always scoffed at tech stocks, willing to hold Apple for the long term? At the shareholders' meeting in May 2021, Buffett revealed the core reasons for his optimism about Apple: \"Apple is an extraordinary company. They have excellent management, their products have loyal fans around the world, Apple's brand and products are outstanding, and its profit margins are very high. At the same time, mobile phones are an indispensable necessity in the lives of all young people.\"</p><p>In addition, a company with a ROE (return on equity) of 20%-30% for a considerable period of time can be considered an excellent company, while only companies with an ROE of no less than 20% and stable growth can enter Buffett's investment scope. A closer look at Apple's financial indicators reveals that its ROE is equally impressive, exceeding 30% for five consecutive years and continuing to grow. For Warren Buffett, who places great importance on ROE in stock selection, this undoubtedly greatly increases his leverage.</p><p><img src=\"https://static.tigerbbs.com/8a29f13184edf57b9af5676e5d5dc18b\" tg-width=\"550\" tg-height=\"331\" referrerpolicy=\"no-referrer\"/>Data Source:<a href=\"https://laohu8.com/S/300033\">Tonghuashun</a>； 36Kr Graphics</p><p><b>Buffett's Investment Strategy: Firmly Believe in Value</b></p><p>Since the 1950s, Buffett's name has resonated throughout the investment world, becoming a legendary myth. In 2021, Warren Buffett ranked sixth on the Forbes list with a net worth of $96 billion.</p><p>Warren Buffett has always advocated the concept of value investing. After the US stock market crash in 1929, value investing was first proposed by Wall Street godfather Graham in Securities Analysis, also known as \"picking up cigarette butts\": cigarette butts left over from smoking are yellowed and moldy, but if you can get a free puff, they have unparalleled value. The core of value investing is a sufficiently high margin of safety, and only by holding it for the long term can one obtain safe and stable returns.</p><p>Buffett was captivated by his book \"The Intelligent Investor\" at the age of 19, and later went to Columbia University to become a student of Graham, where he was influenced by Graham's investment philosophy throughout his life. Buffett's investment logic is also very clear: discover valuable but undervalued companies and then hold shares in those companies for the long term. \"If you're not prepared to hold a stock for ten years, then don't hold it for even ten minutes.\"</p><p>Buffett's holdings directly confirm the above statement. As of the end of 2019, Berkshire Hathaway owned seven stocks held for more than 15 years, namely:<a href=\"https://laohu8.com/S/WPO\">The Washington Post</a>、<a href=\"https://laohu8.com/S/KO\">Coca-Cola</a>、<a href=\"https://laohu8.com/S/WFC\">Wells Fargo Bank</a>Procter & Gamble,<a href=\"https://laohu8.com/S/AXP\">American Express</a>company,<a href=\"https://laohu8.com/S/MCO\">Moody's</a>Company, GEICO Insurance. He held The Washington Post for 41 years and GEICO Insurance for 44 years.</p><p>In terms of industry selection, Buffett tends to prefer traditional industries with stable competitive landscapes, such as finance, consumer goods, and utilities. At the company level, Buffett values whether a company has a competitive advantage and excellent management, as well as whether it has advantages in areas such as brand, product features, and business model cost control. The so-called moat characteristics are specifically manifested in large scale, consistent profitability, high ROE with low debt, and simple business operations.</p><p>According to its third-quarter holdings report (13F) as of September 30, 2021, Berkshire's top five holdings were Apple,<a href=\"https://laohu8.com/S/BAC\">Bank of America</a>American Express, Coca-Cola,<a href=\"https://laohu8.com/S/KHC\">Kraft Heinz</a>They accounted for 42.78%, 14.61%, 8.65%, 7.15%, and 4.09% of the portfolio, respectively.</p><p><b>Berkshire Hathaway: The next trillion-dollar company?</b></p><p>Berkshire Hathaway, as one of the world's leading insurance groups, can be traced back to Valley Falls Company, founded in Valley Falls, Rhode Island in 1939. Over the years, Valley Falls has merged with other companies time and time again, eventually becoming a textile factory with 15 factories and more than 12,000 workers. It is the early Berkshire Hathaway. By the end of the 20th century, Berkshire Hathaway was on the verge of bankruptcy amid a series of factory closures and layoffs.</p><p>In 1965, Buffett took the helm of Berkshire Hathaway, where he began investing in secondary market stocks and holding stakes in real economy companies, consistently outperforming the US stock market. His subsidiaries cover multiple industries such as insurance, railroads, energy, and manufacturing.</p><p>In 2021, Berkshire Hathaway ranked 11th in the Fortune Global 500 with operating revenue of $245.51 billion and profit of $42.52 billion. As of the market close on February 11, Berkshire Hathaway was trading at $479,400 per share, with a market capitalization of $713.745 billion, up 6.37% year-to-date, outperforming the S&P 500 (-7.29%).</p><p>Since the beginning of the year, the market has been howling. With expectations of tightening monetary policy in the United States, technology stocks are under pressure, while value stocks may benefit. Against this backdrop, Berkshire Hathaway, which has always adhered to value investing, is expected to follow Apple,<a href=\"https://laohu8.com/S/MSFT\">Microsoft</a>、<a href=\"https://laohu8.com/S/AMZN\">Amazon</a>、<a href=\"https://laohu8.com/S/TSLA\">Tesla</a>After that, it became the next trillion-dollar market capitalization company.</p><p>Regarding this somewhat radical assessment, Berkshire's insurance + investment operation model has a huge advantage. For many years, public attention to Buffett has mostly focused on the investment side, but not much on his debt side. In fact, it is the close cooperation between the two that has established Buffett's unique investment style.</p><p>On the liability side, Berkshire Hathaway's main source of funding is non-life insurance premiums. Many of its insurance companies can not only obtain continuous premium income, but their overall cost ratio is also much lower than that of their peers, and they can even obtain some zero-cost or even negative-cost funds.</p><p>Secondly, as an insurance group mainly engaged in non-life insurance, Berkshire Hathaway has many non-life insurance products with a duration of less than one year. Coupled with the tied-up of funds used for claims, Berkshire Hathaway needs to retain a large amount of cash positions to cope with the above situation. Moreover, asset management strategies that maintain high liquidity will directly affect investment decisions.</p><p><img src=\"https://static.tigerbbs.com/48cd1d3a0fe094c6d543c05865cf0abb\" tg-width=\"550\" tg-height=\"347\" referrerpolicy=\"no-referrer\"/>Data source: Tonghuashun; 36Kr Graphics</p><p>Due to considerations of premium safety, Berkshire Hathaway's investment style is more conservative. In addition to having high requirements for asset-liability matching and risk-return, it also strictly controls financial leverage, which is far lower than the leverage ratio of the entire US property and casualty insurance and life insurance industries.</p><p>In terms of investment style, Berkshire Hathaway, based on the characteristics of its own liability side, has always adhered to the principles of value investing, such as moats and safety margins, and avoiding highly valued technology stocks.</p><p>On the other hand, the macroeconomic background may not have a significant impact on Berkshire Hathaway. As the Federal Reserve hinted at a rate hike in March at the beginning of the year, its clearly hawkish stance, coupled with a surge in US Treasury yields, led the market to sell off overvalued stocks and turn to value defensive stocks for safe havens. Berkshire Hathaway, known for its conservative style, bucked the trend and became popular with the market.</p><p>As an example, Cathie Wood, who is bullish on tech stocks and is known as the \"female version of Buffett,\" has suffered a major setback this year. Despite the turmoil at the beginning of the year, Buffett has remained steadfast. Previously, Sister Wood had six<a href=\"https://laohu8.com/S/C76.SI\">Innovative Technology</a>Funds once far outperformed the broader market, and ARKK has also performed exceptionally well since the pandemic. However, with changes in macro liquidity, the performance gap between Berkshire Hathaway and the Ark Innovation ETF has narrowed to only 8 percentage points.</p><p><img src=\"https://static.tigerbbs.com/f26e36f3ba79a62693b4917318f8eb90\" tg-width=\"550\" tg-height=\"335\" referrerpolicy=\"no-referrer\"/>Data Source :Financial Times</p><p>At its current valuation level, it remains to be seen whether Berkshire Hathaway will become the next trillion-dollar company. On January 25, Berkshire Hathaway announced that it expects to hold its 2022 annual general meeting of shareholders on April 30 in person and conduct a live webcast. Due to the impact of the pandemic, Berkshire Hathaway has held two consecutive shareholder meetings online. This meeting will reveal details of the 2021 annual report, which will be released on February 26.</p><p></body></html></p>","source":"36k","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>The \"lover\" of the Oracle of Omaha: After six years together, where did Buffett fall in love with Apple?</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: 12.5px; color: #7E829C; margin: 0;}\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\">\nThe \"lover\" of the Oracle of Omaha: After six years together, where did Buffett fall in love with Apple?\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">36氪财经</strong><span class=\"h-time small\">2022-02-14 17:16</span>\n</p>\n</h4>\n</header>\n<article>\n<p><html><head></head><body>Author | Lin Yulian</p><p>For decades, Buffett has long favored the consumer and financial sectors, but has not been keen on investing in technology stocks. However, since January 2016<a href=\"https://laohu8.com/S/AAPL\">Apple</a>This leading global technology company has become a \"favorite\" of Warren Buffett and currently occupies a significant portion of Buffett's companies.<a href=\"https://laohu8.com/S/BRK.A\">Berkshire</a>42.73% of the portfolio position. From scoffing at tech stocks to now spending his largest position buying Apple, after six years of \"holding hands,\" what exactly has Buffett fallen in love with about Apple?</p><p>Buffett is optimistic that most companies have competitive advantages and excellent management teams. Aside from product strength and management, Apple's unique features lie in its strong consumer attributes as a technology stock, as well as its outstanding return on equity for many consecutive years. As Apple's stock price soared, Buffett made a fortune, and the $134.1 billion in returns from his investment in Apple helped Berkshire Hathaway withstand the negative impact of the pandemic.</p><p>Currently, Berkshire Hathaway's market capitalization has exceeded $700 billion. With the Federal Reserve's rate hike expectations looming over the market, will this world-class insurance group, which has long operated on an \"investment + insurance\" model, become the fifth trillion-dollar company?</p><p><b>Investing in Apple: Berkshire's Third Largest Business</b></p><p>In February 2020, Buffett admitted in a CNBC interview that Apple may be the best company in the world, and that it is not just a stock, but also Berkshire Hathaway's third business. At the beginning of this year, Apple's stock price once rose to a record high of $182.94 per share, becoming the world's first giant company to reach a market capitalization of $3 trillion, attracting market attention.</p><p>As of February 11, Apple closed at $168.64, with a total market capitalization of $2.75 trillion, exceeding the UK's 2020 GDP of $2.71 trillion and equivalent to 7.5 Moutai.</p><p><img src=\"https://static.tigerbbs.com/fc05273ee76ab1ecf41ca6859e0ddcd7\" tg-width=\"550\" tg-height=\"339\" referrerpolicy=\"no-referrer\"/></p><p>Warren review is undoubtedly the biggest winner among the many investors who have heavily invested in Apple. Warren Buffett's acquisition of Apple dates back to 2016, when his potential successors, investment managers Todd Combs and Ted Wessler, guided their funds to purchase 9.81 million Apple shares. After receiving Buffett's approval, Berkshire Hathaway began to invest heavily in Apple.</p><p>Since holding the position, Berkshire Hathaway has also sold some Apple shares. In 2020, Apple's stock price halved, and Buffett slightly reduced his holdings in the third quarter, earning $11 billion in revenue. As of January 3, 2022, Berkshire Hathaway held a total of 908 million Apple shares, representing a 5.56% stake. Based on the stock price on that day, the value of the shares was $165.3 billion. After deducting the cumulative investment of $31.089 billion in 2020, it made a profit of more than $134.1 billion, which aroused the envy of the market.</p><p><img src=\"https://static.tigerbbs.com/2b6123aa7605eb1074af7e2a93fafeb9\" tg-width=\"550\" tg-height=\"240\" referrerpolicy=\"no-referrer\"/>Data source: CNBC<img src=\"https://static.tigerbbs.com/236f8ead633b3024a9f008d243b983b1\" tg-width=\"550\" tg-height=\"84\" referrerpolicy=\"no-referrer\"/>Data source: Company financial reports;<a href=\"https://laohu8.com/S/KRKR\">36Kr</a>charting</p><p>Due to the impact of the pandemic, Berkshire Hathaway's two pillar businesses—insurance and railroads—were severely impacted, but its investment in Apple helped the company weather the COVID-19 shock smoothly. In just one year, 2021, Apple's stock price surged 33%, and today Apple is the company with the largest stake in Berkshire Hathaway's portfolio, with a position of over 40%. In 2021, Berkshire Hathaway's stock price rose 30%, slightly more than the S&P 500's 27% gain.</p><p><img src=\"https://static.tigerbbs.com/acd8a53bdd5ff0b54b22563a8a3a4de9\" tg-width=\"550\" tg-height=\"366\" referrerpolicy=\"no-referrer\"/>Apple's cumulative total returns over the past five years have outperformed the S&P 500 and Nasdaq indices. Data source: Apple financial reports.</p><p>Why is Warren Buffett, who has always scoffed at tech stocks, willing to hold Apple for the long term? At the shareholders' meeting in May 2021, Buffett revealed the core reasons for his optimism about Apple: \"Apple is an extraordinary company. They have excellent management, their products have loyal fans around the world, Apple's brand and products are outstanding, and its profit margins are very high. At the same time, mobile phones are an indispensable necessity in the lives of all young people.\"</p><p>In addition, a company with a ROE (return on equity) of 20%-30% for a considerable period of time can be considered an excellent company, while only companies with an ROE of no less than 20% and stable growth can enter Buffett's investment scope. A closer look at Apple's financial indicators reveals that its ROE is equally impressive, exceeding 30% for five consecutive years and continuing to grow. For Warren Buffett, who places great importance on ROE in stock selection, this undoubtedly greatly increases his leverage.</p><p><img src=\"https://static.tigerbbs.com/8a29f13184edf57b9af5676e5d5dc18b\" tg-width=\"550\" tg-height=\"331\" referrerpolicy=\"no-referrer\"/>Data Source:<a href=\"https://laohu8.com/S/300033\">Tonghuashun</a>； 36Kr Graphics</p><p><b>Buffett's Investment Strategy: Firmly Believe in Value</b></p><p>Since the 1950s, Buffett's name has resonated throughout the investment world, becoming a legendary myth. In 2021, Warren Buffett ranked sixth on the Forbes list with a net worth of $96 billion.</p><p>Warren Buffett has always advocated the concept of value investing. After the US stock market crash in 1929, value investing was first proposed by Wall Street godfather Graham in Securities Analysis, also known as \"picking up cigarette butts\": cigarette butts left over from smoking are yellowed and moldy, but if you can get a free puff, they have unparalleled value. The core of value investing is a sufficiently high margin of safety, and only by holding it for the long term can one obtain safe and stable returns.</p><p>Buffett was captivated by his book \"The Intelligent Investor\" at the age of 19, and later went to Columbia University to become a student of Graham, where he was influenced by Graham's investment philosophy throughout his life. Buffett's investment logic is also very clear: discover valuable but undervalued companies and then hold shares in those companies for the long term. \"If you're not prepared to hold a stock for ten years, then don't hold it for even ten minutes.\"</p><p>Buffett's holdings directly confirm the above statement. As of the end of 2019, Berkshire Hathaway owned seven stocks held for more than 15 years, namely:<a href=\"https://laohu8.com/S/WPO\">The Washington Post</a>、<a href=\"https://laohu8.com/S/KO\">Coca-Cola</a>、<a href=\"https://laohu8.com/S/WFC\">Wells Fargo Bank</a>Procter & Gamble,<a href=\"https://laohu8.com/S/AXP\">American Express</a>company,<a href=\"https://laohu8.com/S/MCO\">Moody's</a>Company, GEICO Insurance. He held The Washington Post for 41 years and GEICO Insurance for 44 years.</p><p>In terms of industry selection, Buffett tends to prefer traditional industries with stable competitive landscapes, such as finance, consumer goods, and utilities. At the company level, Buffett values whether a company has a competitive advantage and excellent management, as well as whether it has advantages in areas such as brand, product features, and business model cost control. The so-called moat characteristics are specifically manifested in large scale, consistent profitability, high ROE with low debt, and simple business operations.</p><p>According to its third-quarter holdings report (13F) as of September 30, 2021, Berkshire's top five holdings were Apple,<a href=\"https://laohu8.com/S/BAC\">Bank of America</a>American Express, Coca-Cola,<a href=\"https://laohu8.com/S/KHC\">Kraft Heinz</a>They accounted for 42.78%, 14.61%, 8.65%, 7.15%, and 4.09% of the portfolio, respectively.</p><p><b>Berkshire Hathaway: The next trillion-dollar company?</b></p><p>Berkshire Hathaway, as one of the world's leading insurance groups, can be traced back to Valley Falls Company, founded in Valley Falls, Rhode Island in 1939. Over the years, Valley Falls has merged with other companies time and time again, eventually becoming a textile factory with 15 factories and more than 12,000 workers. It is the early Berkshire Hathaway. By the end of the 20th century, Berkshire Hathaway was on the verge of bankruptcy amid a series of factory closures and layoffs.</p><p>In 1965, Buffett took the helm of Berkshire Hathaway, where he began investing in secondary market stocks and holding stakes in real economy companies, consistently outperforming the US stock market. His subsidiaries cover multiple industries such as insurance, railroads, energy, and manufacturing.</p><p>In 2021, Berkshire Hathaway ranked 11th in the Fortune Global 500 with operating revenue of $245.51 billion and profit of $42.52 billion. As of the market close on February 11, Berkshire Hathaway was trading at $479,400 per share, with a market capitalization of $713.745 billion, up 6.37% year-to-date, outperforming the S&P 500 (-7.29%).</p><p>Since the beginning of the year, the market has been howling. With expectations of tightening monetary policy in the United States, technology stocks are under pressure, while value stocks may benefit. Against this backdrop, Berkshire Hathaway, which has always adhered to value investing, is expected to follow Apple,<a href=\"https://laohu8.com/S/MSFT\">Microsoft</a>、<a href=\"https://laohu8.com/S/AMZN\">Amazon</a>、<a href=\"https://laohu8.com/S/TSLA\">Tesla</a>After that, it became the next trillion-dollar market capitalization company.</p><p>Regarding this somewhat radical assessment, Berkshire's insurance + investment operation model has a huge advantage. For many years, public attention to Buffett has mostly focused on the investment side, but not much on his debt side. In fact, it is the close cooperation between the two that has established Buffett's unique investment style.</p><p>On the liability side, Berkshire Hathaway's main source of funding is non-life insurance premiums. Many of its insurance companies can not only obtain continuous premium income, but their overall cost ratio is also much lower than that of their peers, and they can even obtain some zero-cost or even negative-cost funds.</p><p>Secondly, as an insurance group mainly engaged in non-life insurance, Berkshire Hathaway has many non-life insurance products with a duration of less than one year. Coupled with the tied-up of funds used for claims, Berkshire Hathaway needs to retain a large amount of cash positions to cope with the above situation. Moreover, asset management strategies that maintain high liquidity will directly affect investment decisions.</p><p><img src=\"https://static.tigerbbs.com/48cd1d3a0fe094c6d543c05865cf0abb\" tg-width=\"550\" tg-height=\"347\" referrerpolicy=\"no-referrer\"/>Data source: Tonghuashun; 36Kr Graphics</p><p>Due to considerations of premium safety, Berkshire Hathaway's investment style is more conservative. In addition to having high requirements for asset-liability matching and risk-return, it also strictly controls financial leverage, which is far lower than the leverage ratio of the entire US property and casualty insurance and life insurance industries.</p><p>In terms of investment style, Berkshire Hathaway, based on the characteristics of its own liability side, has always adhered to the principles of value investing, such as moats and safety margins, and avoiding highly valued technology stocks.</p><p>On the other hand, the macroeconomic background may not have a significant impact on Berkshire Hathaway. As the Federal Reserve hinted at a rate hike in March at the beginning of the year, its clearly hawkish stance, coupled with a surge in US Treasury yields, led the market to sell off overvalued stocks and turn to value defensive stocks for safe havens. Berkshire Hathaway, known for its conservative style, bucked the trend and became popular with the market.</p><p>As an example, Cathie Wood, who is bullish on tech stocks and is known as the \"female version of Buffett,\" has suffered a major setback this year. Despite the turmoil at the beginning of the year, Buffett has remained steadfast. Previously, Sister Wood had six<a href=\"https://laohu8.com/S/C76.SI\">Innovative Technology</a>Funds once far outperformed the broader market, and ARKK has also performed exceptionally well since the pandemic. However, with changes in macro liquidity, the performance gap between Berkshire Hathaway and the Ark Innovation ETF has narrowed to only 8 percentage points.</p><p><img src=\"https://static.tigerbbs.com/f26e36f3ba79a62693b4917318f8eb90\" tg-width=\"550\" tg-height=\"335\" referrerpolicy=\"no-referrer\"/>Data Source :Financial Times</p><p>At its current valuation level, it remains to be seen whether Berkshire Hathaway will become the next trillion-dollar company. On January 25, Berkshire Hathaway announced that it expects to hold its 2022 annual general meeting of shareholders on April 30 in person and conduct a live webcast. Due to the impact of the pandemic, Berkshire Hathaway has held two consecutive shareholder meetings online. This meeting will reveal details of the 2021 annual report, which will be released on February 26.</p><p></body></html></p>\n<div class=\"bt-text\">\n\n\n<p> source：<a href=\"https://mp.weixin.qq.com/s/td4Tf0RDcVBGqfZO5CP2qQ\">36氪财经</a></p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/9beffeecb928009bf6287e307899ffe3","relate_stocks":{"AAPL":"苹果","BRK.A":"伯克希尔","BRK.B":"伯克希尔B"},"source_url":"https://mp.weixin.qq.com/s/td4Tf0RDcVBGqfZO5CP2qQ","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1143952641","content_text":"作者 | 林玉莲几十年来，巴菲特长期宠爱消费和金融行业，并不热衷于投资科技股。然而自2016年1月以来，苹果这一全球头部科技公司成为巴菲特的“心头好”，目前已占据巴菲特旗下公司伯克希尔投资组合42.73%的仓位。从对科技股嗤之以鼻，到现在花最大仓位买入苹果，“执手”六年，巴菲特到底爱上了苹果哪里？巴菲特看好企业大都具有护城河特征，以及拥有卓越的管理层。除开产品力、管理层，苹果的独特之处在于作为科技股却有着浓厚的消费属性，以及净资产收益率连续多年表现卓越。随着苹果股价一路走高，巴菲特赚得盆满钵地，1341亿美元对苹果的投资收益帮助伯克希尔扛住了来自疫情的负面影响。当下，伯克希尔的市值已经超过7000亿美元，在美联储加息预期笼罩市场的背景下，这家长期以“投资+保险”模式运作的世界顶级保险集团会成为第五个万亿美元公司吗？投资苹果：伯克希尔第三大业务2020年2月，巴菲特曾在CNBC采访中坦言，苹果可能是世界上最好的企业，它不仅是一只股票，更是伯克希尔的第三项业务。今年年初，苹果股价一度涨至历史新高182.94美元/股，成为全球首家迈入三万亿美元市值的巨头公司，引发市场关注。截至2月11日，苹果报收168.64美元，总市值2.75万亿美元，超过英国2020年GDP总值2.71万亿美元，相当于个7.5个茅台。复盘重仓苹果的众多投资人，巴菲特无疑是最大赢家。巴菲特买入苹果的历程还要回溯到2016年，其潜在接班人投资经理托德·库姆斯和泰德·韦斯勒，指导旗下基金买入了981万股苹果股票。在得到巴菲特批准后，伯克希尔开始大举重仓苹果。持仓以来，伯克希尔也曾出售部分苹果的股票。2020年，苹果股价腰斩，巴菲特在第三季度略微减仓，获得了110亿美元的收入。截至2022年1月3日，伯克希尔累计持有9.08亿苹果股票，持股比例5.56%，按当日股价计算，持股价值1653亿美元，减去2020年累计投入310.89亿美元，大赚1341亿美元有余，惹得市场羡艳。数据来源：CNBC数据来源：公司财报；36氪制图由于疫情的影响，伯克希尔两项支柱业务——保险和铁路均受到了巨大的打击，投资苹果帮助该公司顺利度过了新冠冲击。在2021年仅仅一年的时间内，苹果股价飙升33%，时至今日，苹果是伯克希尔投资组合中持股比例最高的公司，其仓位超40%。2021年，伯克希尔哈撒韦股价上涨30%，略高于标普500指数27%的涨幅。苹果近五年累计总回报跑赢标普500和纳斯达克指数 　　数据来源：苹果财报一向对科技股嗤之以鼻的巴菲特为何愿意长期持有苹果？在2021年5月的股东大会上，巴菲特透露了看好苹果的核心原因，“苹果是一个非凡的公司，他们有优秀的管理层，他们的产品在全球范围也有忠实的粉丝，苹果的品牌和产品都非常杰出，利润率也非常高。同时手机在所有年轻人生活中都是必不可少的必备品。”此外，一家企业ROE（净资产收益率）较长时间处于20%-30%可算作优秀企业，而ROE不低于20%且能够稳定增长的企业才能进入巴菲特的投资范围。仔细查看苹果财务指标可以发现，苹果的ROE表现同样惊人，连续五年都超过了30%且持续增长，对选股极其看重ROE的巴菲特而言，这无疑是大大加重了筹码。数据来源：同花顺；36氪制图巴菲特投资策略：坚信价值投资自上世纪50年代以来，巴菲特的名号就响彻了投资圈，成为具有传奇色彩的神话。2021年，巴菲特凭借960亿美元的身价登上福布斯排行榜第6位。一直以来，巴菲特倡导价值投资理念。1929年美股大崩溃后，价值投资由华尔街教父格雷厄姆在《证券分析》中被首次提出，即所谓的“捡烟蒂”：被人抽剩下的烟蒂泛黄又发霉，但若是能抽上免费的一口，便有无上的价值。价值投资的内核是安全边际足够高，在此基础上长期持有才能获得安全而稳定的收益。巴菲特在19岁时被其著作《聪明的投资者》吸引，之后前往哥伦比亚大学成为格雷厄姆的学生，一生受到格雷厄姆投资理念的影响。巴菲特的投资逻辑也非常清楚：发现有价值但被低估的公司，然后长期持有该公司的股份。“如果你没有持有一种股票十年的准备，那么连十分钟都不要持有这种股票”。巴菲特的持仓直接验证了以上说法。截至2019年底，伯克希尔拥有7只持有时间超过15年的股票，分别为华盛顿邮报、可口可乐、富国银行、宝洁公司、美国运通公司、穆迪公司、 GEICO保险。其中对华盛顿邮报的持有时间长达41年，对GEICO保险持有时间长达44年。在行业选择上，巴菲特倾偏好金融、消费、公用事业等竞争格局稳定的传统行业；在公司层面，巴菲特看重企业是否具有护城河和出色的管理层，是否在品牌、产品特性、商业模式成本控制等方面具有优势。所谓护城河特征，具体表现在规模大、持续盈利、ROE高且负债少、业务简单。截至2021年9月30日的第三季度持仓报告(13F)，伯克希尔前五大重仓股分别为苹果、美国银行、美国通运、可口可乐、卡夫亨氏，分别占去投资组合的42.78%、14.61%、8.65%、7.15%、4.09%。伯克希尔：下一个万亿级美元公司？伯克希尔作为世界顶级的保险集团，其前身可追溯到1939年在罗德岛谷瀑布市成立的谷瀑布公司，谷瀑布在多年的发展中和其他公司一次次合并，最终成为一家有着15家工厂和超过12000名工人的纺织厂，它就是早期的伯克希尔·哈撒韦。到二十世纪末，伴随着旗下工厂接连关闭和裁员风波，伯克希尔濒临倒闭。1965年，巴菲特开始掌舵伯克希尔，开始进行二级市场股票投资并参股实体企业，持续跑赢美股大盘，旗下子公司涉及保险、铁路、能源、制造业等多个行业。2021年，伯克希尔以2455.1亿美元的营业收入和425.2亿美元的利润位列《财富》世界500强第11位。截至2月11日收盘，伯克希尔报47.94万美元/股，市值达7137.45亿美元，年内以来累计上涨6.37%，跑赢标普500（-7.29%）。年初以来，市场一片哀嚎，在美国收紧货币政策预期下，科技股承压，价值股或将受益。在这样的时代背景下，一直坚持价值投资的伯克希尔有望继苹果、微软、亚马逊、特斯拉之后，成为下一个万亿级美元市值公司。对于这个略显激进的判断，伯克希尔保险+投资运作模式优势巨大。多年以来，大众关注巴菲特大都着眼于投资端，而对其负债端却没有太多提及。实际上，二者之间的紧密配合才确立了巴菲特独到的投资风格。在负债端，首先伯克希尔的资金来源主要是非寿险保费，旗下多家保险公司不仅能获得持续的保费收入，而且综合成本率也远低于同行，甚至还能获得部分零成本乃至负成本的资金。其次，伯克希尔作为一家主营非寿险的保险集团，其不少非寿险产品的久期都在一年内，再叠加用于赔付的资金占用，伯克希尔需要保留大量的现金头寸来应对上述局面。而且，保持高流动性的资产管理策略也会直接影响到投资端的决策。数据来源：同花顺；36氪制图出于对保费安全的考量，伯克希尔的投资风格更偏稳健，除了对资产负债匹配、风险收益有较高要求外，还严格控制财务杠杆，其杠杆倍数远低于美国财险、寿险的全行业水平。在投资风格方面，伯克希尔基于自身负债端的特点，始终坚守护城河与安全边际、回避估值较高的科技股等价值投资原则。另一方面，宏观大背景或许对伯克希尔的影响不大。随着年初美联储暗示3月将加息，明显偏鹰的表态加上美债收益率飙升，市场纷纷抛售高估值股票，转向价值防御型股票避险，以稳健风格著称的伯克希尔则逆势受到市场热捧。以实例为证，今年以来，看好科技股、有着“女版巴菲特”之称的木头姐凯西·伍德(Cathie Wood)遭遇滑铁卢，在年初的动荡中，巴菲特依然稳坐钓鱼台。此前木头姐旗下六只创新科技型基金一度远超大盘，ARKK自疫情以来也表现卓越，但随着宏观流动性发生变化，伯克希尔公司与方舟创新ETF之间的业绩差距缩小至仅8个百分点。数据来源：Financial Times以目前的估值水平，伯克希尔是否会成为下一个万亿美元公司尚需时日。1月25日，伯克希尔声称预计于4月30日现场举办2022年度股东大会并进行网络直播。受疫情的影响，伯克希尔已经连续两届股东大会都在线上完成。此次会议将透露2021年度报告相关内容，此报告将于2月26日发布。","news_type":1,"symbols_score_info":{"BRK.B":0.9,"AAPL":0.9,"BRK.A":0.9}},"isVote":1,"tweetType":1,"viewCount":4606,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9092340373,"gmtCreate":1644542474636,"gmtModify":1676533939014,"author":{"id":"3586771609683476","authorId":"3586771609683476","name":"JackJiang","avatar":"https://static.tigerbbs.com/21d7e0d2a9c7ff66594d11d8cc825e95","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3586771609683476","idStr":"3586771609683476"},"themes":[],"title":"","htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9092340373","repostId":"2210513930","repostType":4,"repost":{"id":"2210513930","kind":"news","pubTimestamp":1644529396,"share":"https://ttm.financial/m/news/2210513930?lang=en_US&edition=fundamental","pubTime":"2022-02-11 05:43","market":"sh","language":"zh","title":"Foreign Media Headlines | Another Breakthrough! US January CPI hits 40-year high","url":"https://stock-news.laohu8.com/highlight/detail?id=2210513930","media":"市场资讯","summary":"接受调查的经济学家预估CPI同比上涨7.3%，环比上涨0.4%。该数据进一步支持美联储下月开始加息以因应广泛通胀压力，市场甚至开始猜测加息幅度会高于25基点。在美联储3月15-16日会议召开之前，还会公布2月份CPI和就业数据。投资者提高了对美联储的紧缩政策预期。去年同期这一比例为22.4%。NAR还表示，第四季度二手单户住宅的中值价格上涨14.6%至361700美元。此次召回涉及部分2020年至2022年生产的Model X、Model S和Model Y车型，以及2017年至2022年生产的 Model 3。","content":"<p><html><head></head><body><b>The main headlines that global financial media focused on last night and this morning were:</b></p><p><b>1. US inflation exceeded expectations, reaching a 40-year high, putting immense pressure on the Federal Reserve and the White House.</b><b>2. Money markets raise interest rate forecasts again: Fed rate hike 50 basis points may hold an emergency meeting to raise interest rates.</b><b>3. Soaring home prices hit the worst level of affordability for first-time homebuyers in the US in three years.</b><b>4. OPEC believes that global oil demand faces upward potential as the economy rebounds.</b><b>5. The best-performing stock in Buffett's portfolio last year was one that he significantly reduced his holdings in.</b><b>6、<a href=\"https://laohu8.com/S/TSLA\">Tesla</a>Nearly 580,000 more electric vehicles recalled: due to potential silencing of pedestrian warning systems.</b><img src=\"https://static.tigerbbs.com/6caf2568c31b096480211a31a85363e4\" tg-width=\"720\" tg-height=\"396\" referrerpolicy=\"no-referrer\"/></p><p><b>US inflation rate exceeded expectations, reaching a 40-year high, putting immense pressure on the Federal Reserve and the White House.</b></p><p>U.S. inflation exceeded expectations in January, and consumer prices rose to their highest year-on-year level in four decades, making it imperative for the Federal Reserve to initiate rate hike.</p><p>Data released by the Labor Department on Thursday showed that the consumer price index (CPI) rose 7.5% year-on-year in January, up from 7% in December. The CPI rose 0.6% month-on-month in January, with prices rising in multiple sectors including food, electricity, and housing. Core CPI, excluding food and energy prices, rose 6% year-on-year, the largest increase since 1982, and 0.6% month-on-month.</p><p>Economists surveyed expect the CPI to rise 7.3% year-on-year and 0.4% month-on-month.</p><p>This data further supports the Federal Reserve's decision to begin rate hike next month to address widespread inflationary pressures, with the market even beginning to speculate that rate hike will exceed 25 basis points. The steady rise in consumer prices has weakened the real value of recent wage growth, reduced the purchasing power of American households, and thus hindered the economic rebound.</p><p>The February CPI and employment data will also be released before the Federal Reserve's meeting on March 15-16.</p><p>Investors have raised their expectations for the Federal Reserve's tightening policy. The market now predicts a 50% chance of a 50-basis-point rate hike in March. While most economists expect the Federal Reserve to adopt a more gradual rate hike strategy, as several officials have suggested, rising inflation following rapid wage increases will make the possibility of a 50 basis point increase in rate hike undeniable.</p><p><img src=\"https://static.tigerbbs.com/f86f96180fee5ed9f26342015d614f08\" tg-width=\"720\" tg-height=\"465\" referrerpolicy=\"no-referrer\"/></p><p><b>Money markets raise interest rate forecasts again: Fed rate hike 50 basis points may hold emergency meeting to raise interest rates.</b></p><p>Money markets now expect the Federal Reserve to accumulate rate hike by one percentage point over its next three meetings, meaning one of them could raise interest rates by 50 basis points, or officials could hold an unscheduled emergency policy meeting to raise rates.</p><p>On Thursday, the swap rate market initially believed that the target federal funds rate would rise to 1.12% after the June meeting, more than 100 basis points higher than the current effective rate of 0.08%. In other words, either a 50 basis point rate hike will be raised at a policy meeting, or an additional meeting will be held temporarily between the March, May, and June meetings.</p><p>The market now believes that the probability of rate hike reaching 50 basis points in March exceeds 75%.</p><p>The U.S. Department of Labor announced that the CPI rose 7.5% year-on-year in January, higher than economists' expectations of 7.3%, marking the largest increase since 1982.</p><p>Federal Reserve official James Bullard said he supports accumulating rate hike by one percentage point by early July, including a 50 basis point rate hike for the first time since 2000.</p><p>“I hope to see a 100 basis point rate hike by July 1,” Bullard said in an interview on Thursday. “I was already quite hawkish, but I still raised my rate expectations significantly because I think the committee should take action.”</p><p><img src=\"https://static.tigerbbs.com/7cdadcd766ab4a065c9b99e9b769460b\" tg-width=\"720\" tg-height=\"479\" referrerpolicy=\"no-referrer\"/></p><p><b>Soaring home prices hit the worst level of affordability for first-time homebuyers in the U.S. in three years.</b></p><p>Buying a house in the United States is becoming increasingly difficult.</p><p>According to the National Association of Realtors (NAR), for first-time homebuyers, monthly mortgage payments as a percentage of household income jumped to 25.6% in the fourth quarter, marking the worst affordability in three years. This figure was 22.4% in the same period last year.</p><p>The organization said in a report on Thursday that soaring home prices, coupled with rising mortgage rates, have increased the typical family's monthly payment by $201.</p><p>NAR also stated that the median price of second-hand single-family homes rose 14.6% to $361,700 in the fourth quarter. The increase was slightly lower than 15.9% a year ago.</p><p>Of the 183 metropolitan areas surveyed by real estate agents, 67% saw double-digit price increases, compared to 78% in the third quarter. The region with the largest year-on-year increase was Punta Gorda, Florida, which climbed 28.7%; Secondly, Ocala, Florida, rose 28.2%; Home prices in Austin, Texas, climbed 25.8%.</p><p><img src=\"https://static.tigerbbs.com/6fbd1c9ba66d380513a2ae473c297c1f\" tg-width=\"720\" tg-height=\"540\" referrerpolicy=\"no-referrer\"/></p><p><b>OPEC believes that global oil demand faces upward potential as the economy rebounds.</b></p><p>The Organization of the Petroleum Exporting Countries (OPEC) says the recovery in global oil demand this year may exceed expectations as economic activity rebounds and travel heats up.</p><p>The Organization of the Petroleum Exporting Countries (OPEC) has been unable to restore supply quickly enough to meet the consumption recovery, pushing oil prices to a seven-year high above $90 a barrel and exacerbating inflationary pressures in major economies.</p><p>In its latest monthly report, the organization stated that it is facing many challenges, from the pandemic to inflation, but global demand growth may exceed its current forecast for 2022 of 4.2 million barrels per day.</p><p>“Based on the continuously observed strong economic recovery, the forecast upside potential prevails,” the organization said in its monthly report. “In addition, travel is expected to be more active, particularly in the tourism sector.”</p><p>The report also shows that by OPEC's own standards, market supply is tight, with developed countries' inventories by about 202 million barrels below their average level from 2015 to 2019 as of December last year.</p><p><img src=\"https://static.tigerbbs.com/f7de26a752a735b794d18d6e05b31088\" tg-width=\"720\" tg-height=\"456\" referrerpolicy=\"no-referrer\"/></p><p><b>The best-performing stock in Buffett's portfolio last year was one that he significantly reduced his holdings in.</b></p><p>What was Warren Buffett's best performing stock last year? It was a company he sold.</p><p>According to data compiled by the media,<a href=\"https://laohu8.com/S/WFC\">Wells Fargo Bank</a>The stock's total return last year was 61%, exceeding...<a href=\"https://laohu8.com/S/BRK.A\">Berkshire</a>The performance of any stock in the latest portfolio data published as of September 30. Its performance far exceeded Berkshire's two major bets: Apple and...<a href=\"https://laohu8.com/S/BAC\">Bank of America</a>。</p><p>Warren Buffett's Berkshire Hathaway will disclose updates on its shareholdings in the coming days. The filing documents have shown that the company essentially missed a good opportunity for Wells Fargo to rebound. For many years, San Francisco-based Wells Fargo has been the largest stock bet by market capitalization in Berkshire's stock portfolio, and it has often received praise from Buffett himself. However, as the bank was embroiled in scandals, Berkshire Hathaway reduced its investment from 323 million shares at the end of 2019 to approximately 675,000 shares by September of last year.</p><p><img src=\"https://static.tigerbbs.com/501aba31308a046c29bf5b1a6cb30792\" tg-width=\"720\" tg-height=\"479\" referrerpolicy=\"no-referrer\"/></p><p><b>Tesla is recalling nearly 580,000 more electric vehicles due to potential pedestrian warning system sounds being masked.</b></p><p>Tesla is reportedly recalling approximately 579,000 electric vehicles in the United States, primarily because the cars' \"Boombox\" feature may mask the sound of the \"Pedestrian Warning System\" (PWS), increasing the risk of crashes.</p><p>In December 2020, Tesla launched the \"Boombox\" feature, which allows car owners to customize the sound of their car horns and includes a variety of built-in audio such as farting, imitating goat bleating, and trumpets. Meanwhile, the electric vehicle will continuously play different types of music, including rock music, while it is in motion.</p><p>The National Highway Traffic Safety Administration (NHTSA) states on its website that the \"Boombox\" feature in Tesla sedans and SUVs allows drivers to play sounds while the vehicle is in motion. This violates federal safety standards, which require electric vehicles to emit pedestrian warning sounds. The \"Boombox\" function may drown out the sound of the \"pedestrian warning system,\" thereby increasing the risk of a crash.</p><p>The NHTSA stated that Tesla will address the issue through an OTA remote software update that will disable the \"Boombox\" feature. This recall involves certain Model X, Model S, and Model Y models manufactured between 2020 and 2022, as well as Model 3 models manufactured between 2017 and 2022.</p><p>As U.S. safety regulators intensify their scrutiny of Tesla, this is the fourth recall Tesla has announced in the past two weeks, two of which stemmed from software errors.</p><p></body></html></p>","source":"sina_symbol","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>Foreign Media Headlines | Another Breakthrough! US January CPI hits 40-year high</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: 12.5px; color: #7E829C; margin: 0;}\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\">\nForeign Media Headlines | Another Breakthrough! US January CPI hits 40-year high\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">市场资讯</strong><span class=\"h-time small\">2022-02-11 05:43</span>\n</p>\n</h4>\n</header>\n<article>\n<p><html><head></head><body><b>The main headlines that global financial media focused on last night and this morning were:</b></p><p><b>1. US inflation exceeded expectations, reaching a 40-year high, putting immense pressure on the Federal Reserve and the White House.</b><b>2. Money markets raise interest rate forecasts again: Fed rate hike 50 basis points may hold an emergency meeting to raise interest rates.</b><b>3. Soaring home prices hit the worst level of affordability for first-time homebuyers in the US in three years.</b><b>4. OPEC believes that global oil demand faces upward potential as the economy rebounds.</b><b>5. The best-performing stock in Buffett's portfolio last year was one that he significantly reduced his holdings in.</b><b>6、<a href=\"https://laohu8.com/S/TSLA\">Tesla</a>Nearly 580,000 more electric vehicles recalled: due to potential silencing of pedestrian warning systems.</b><img src=\"https://static.tigerbbs.com/6caf2568c31b096480211a31a85363e4\" tg-width=\"720\" tg-height=\"396\" referrerpolicy=\"no-referrer\"/></p><p><b>US inflation rate exceeded expectations, reaching a 40-year high, putting immense pressure on the Federal Reserve and the White House.</b></p><p>U.S. inflation exceeded expectations in January, and consumer prices rose to their highest year-on-year level in four decades, making it imperative for the Federal Reserve to initiate rate hike.</p><p>Data released by the Labor Department on Thursday showed that the consumer price index (CPI) rose 7.5% year-on-year in January, up from 7% in December. The CPI rose 0.6% month-on-month in January, with prices rising in multiple sectors including food, electricity, and housing. Core CPI, excluding food and energy prices, rose 6% year-on-year, the largest increase since 1982, and 0.6% month-on-month.</p><p>Economists surveyed expect the CPI to rise 7.3% year-on-year and 0.4% month-on-month.</p><p>This data further supports the Federal Reserve's decision to begin rate hike next month to address widespread inflationary pressures, with the market even beginning to speculate that rate hike will exceed 25 basis points. The steady rise in consumer prices has weakened the real value of recent wage growth, reduced the purchasing power of American households, and thus hindered the economic rebound.</p><p>The February CPI and employment data will also be released before the Federal Reserve's meeting on March 15-16.</p><p>Investors have raised their expectations for the Federal Reserve's tightening policy. The market now predicts a 50% chance of a 50-basis-point rate hike in March. While most economists expect the Federal Reserve to adopt a more gradual rate hike strategy, as several officials have suggested, rising inflation following rapid wage increases will make the possibility of a 50 basis point increase in rate hike undeniable.</p><p><img src=\"https://static.tigerbbs.com/f86f96180fee5ed9f26342015d614f08\" tg-width=\"720\" tg-height=\"465\" referrerpolicy=\"no-referrer\"/></p><p><b>Money markets raise interest rate forecasts again: Fed rate hike 50 basis points may hold emergency meeting to raise interest rates.</b></p><p>Money markets now expect the Federal Reserve to accumulate rate hike by one percentage point over its next three meetings, meaning one of them could raise interest rates by 50 basis points, or officials could hold an unscheduled emergency policy meeting to raise rates.</p><p>On Thursday, the swap rate market initially believed that the target federal funds rate would rise to 1.12% after the June meeting, more than 100 basis points higher than the current effective rate of 0.08%. In other words, either a 50 basis point rate hike will be raised at a policy meeting, or an additional meeting will be held temporarily between the March, May, and June meetings.</p><p>The market now believes that the probability of rate hike reaching 50 basis points in March exceeds 75%.</p><p>The U.S. Department of Labor announced that the CPI rose 7.5% year-on-year in January, higher than economists' expectations of 7.3%, marking the largest increase since 1982.</p><p>Federal Reserve official James Bullard said he supports accumulating rate hike by one percentage point by early July, including a 50 basis point rate hike for the first time since 2000.</p><p>“I hope to see a 100 basis point rate hike by July 1,” Bullard said in an interview on Thursday. “I was already quite hawkish, but I still raised my rate expectations significantly because I think the committee should take action.”</p><p><img src=\"https://static.tigerbbs.com/7cdadcd766ab4a065c9b99e9b769460b\" tg-width=\"720\" tg-height=\"479\" referrerpolicy=\"no-referrer\"/></p><p><b>Soaring home prices hit the worst level of affordability for first-time homebuyers in the U.S. in three years.</b></p><p>Buying a house in the United States is becoming increasingly difficult.</p><p>According to the National Association of Realtors (NAR), for first-time homebuyers, monthly mortgage payments as a percentage of household income jumped to 25.6% in the fourth quarter, marking the worst affordability in three years. This figure was 22.4% in the same period last year.</p><p>The organization said in a report on Thursday that soaring home prices, coupled with rising mortgage rates, have increased the typical family's monthly payment by $201.</p><p>NAR also stated that the median price of second-hand single-family homes rose 14.6% to $361,700 in the fourth quarter. The increase was slightly lower than 15.9% a year ago.</p><p>Of the 183 metropolitan areas surveyed by real estate agents, 67% saw double-digit price increases, compared to 78% in the third quarter. The region with the largest year-on-year increase was Punta Gorda, Florida, which climbed 28.7%; Secondly, Ocala, Florida, rose 28.2%; Home prices in Austin, Texas, climbed 25.8%.</p><p><img src=\"https://static.tigerbbs.com/6fbd1c9ba66d380513a2ae473c297c1f\" tg-width=\"720\" tg-height=\"540\" referrerpolicy=\"no-referrer\"/></p><p><b>OPEC believes that global oil demand faces upward potential as the economy rebounds.</b></p><p>The Organization of the Petroleum Exporting Countries (OPEC) says the recovery in global oil demand this year may exceed expectations as economic activity rebounds and travel heats up.</p><p>The Organization of the Petroleum Exporting Countries (OPEC) has been unable to restore supply quickly enough to meet the consumption recovery, pushing oil prices to a seven-year high above $90 a barrel and exacerbating inflationary pressures in major economies.</p><p>In its latest monthly report, the organization stated that it is facing many challenges, from the pandemic to inflation, but global demand growth may exceed its current forecast for 2022 of 4.2 million barrels per day.</p><p>“Based on the continuously observed strong economic recovery, the forecast upside potential prevails,” the organization said in its monthly report. “In addition, travel is expected to be more active, particularly in the tourism sector.”</p><p>The report also shows that by OPEC's own standards, market supply is tight, with developed countries' inventories by about 202 million barrels below their average level from 2015 to 2019 as of December last year.</p><p><img src=\"https://static.tigerbbs.com/f7de26a752a735b794d18d6e05b31088\" tg-width=\"720\" tg-height=\"456\" referrerpolicy=\"no-referrer\"/></p><p><b>The best-performing stock in Buffett's portfolio last year was one that he significantly reduced his holdings in.</b></p><p>What was Warren Buffett's best performing stock last year? It was a company he sold.</p><p>According to data compiled by the media,<a href=\"https://laohu8.com/S/WFC\">Wells Fargo Bank</a>The stock's total return last year was 61%, exceeding...<a href=\"https://laohu8.com/S/BRK.A\">Berkshire</a>The performance of any stock in the latest portfolio data published as of September 30. Its performance far exceeded Berkshire's two major bets: Apple and...<a href=\"https://laohu8.com/S/BAC\">Bank of America</a>。</p><p>Warren Buffett's Berkshire Hathaway will disclose updates on its shareholdings in the coming days. The filing documents have shown that the company essentially missed a good opportunity for Wells Fargo to rebound. For many years, San Francisco-based Wells Fargo has been the largest stock bet by market capitalization in Berkshire's stock portfolio, and it has often received praise from Buffett himself. However, as the bank was embroiled in scandals, Berkshire Hathaway reduced its investment from 323 million shares at the end of 2019 to approximately 675,000 shares by September of last year.</p><p><img src=\"https://static.tigerbbs.com/501aba31308a046c29bf5b1a6cb30792\" tg-width=\"720\" tg-height=\"479\" referrerpolicy=\"no-referrer\"/></p><p><b>Tesla is recalling nearly 580,000 more electric vehicles due to potential pedestrian warning system sounds being masked.</b></p><p>Tesla is reportedly recalling approximately 579,000 electric vehicles in the United States, primarily because the cars' \"Boombox\" feature may mask the sound of the \"Pedestrian Warning System\" (PWS), increasing the risk of crashes.</p><p>In December 2020, Tesla launched the \"Boombox\" feature, which allows car owners to customize the sound of their car horns and includes a variety of built-in audio such as farting, imitating goat bleating, and trumpets. Meanwhile, the electric vehicle will continuously play different types of music, including rock music, while it is in motion.</p><p>The National Highway Traffic Safety Administration (NHTSA) states on its website that the \"Boombox\" feature in Tesla sedans and SUVs allows drivers to play sounds while the vehicle is in motion. This violates federal safety standards, which require electric vehicles to emit pedestrian warning sounds. The \"Boombox\" function may drown out the sound of the \"pedestrian warning system,\" thereby increasing the risk of a crash.</p><p>The NHTSA stated that Tesla will address the issue through an OTA remote software update that will disable the \"Boombox\" feature. This recall involves certain Model X, Model S, and Model Y models manufactured between 2020 and 2022, as well as Model 3 models manufactured between 2017 and 2022.</p><p>As U.S. safety regulators intensify their scrutiny of Tesla, this is the fourth recall Tesla has announced in the past two weeks, two of which stemmed from software errors.</p><p></body></html></p>\n<div class=\"bt-text\">\n\n\n<p> source：<a href=\"https://cj.sina.cn/article/normal_detail?url=https://finance.sina.com.cn/stock/usstock/c/2022-02-11/doc-ikyamrna0132779.shtml\">市场资讯</a></p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/6caf2568c31b096480211a31a85363e4","relate_stocks":{"BK4534":"瑞士信贷持仓",".IXIC":"NASDAQ Composite","BK4504":"桥水持仓","BK4559":"巴菲特持仓",".DJI":"道琼斯","BK4550":"红杉资本持仓","SPY":"标普500ETF"},"source_url":"https://cj.sina.cn/article/normal_detail?url=https://finance.sina.com.cn/stock/usstock/c/2022-02-11/doc-ikyamrna0132779.shtml","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2210513930","content_text":"球财经媒体昨夜今晨共同关注的头条新闻主要有：1、美国通胀率超预期达到40年最高 美联储和白宫倍感压力2、货币市场再度提高利率预测：美联储加息50基点或召开紧急会议升息3、房价飙升 美国首次购房者可负担能力达到三年来最差4、OPEC认为随着经济反弹 全球石油需求面临上行潜力5、巴菲特投资组合中去年表现最好的是一只被他大幅减持的股票6、特斯拉再召回近58万辆电动汽车：因行人警告系统声音或被掩盖美国通胀率超预期达到40年最高 美联储和白宫倍感压力美国1月通胀率超过预期，消费物价同比升幅达到四十年来最高水平，美联储启动加息变得刻不容缓。劳工部周四公布的数据显示，1月消费者价格指数（CPI）同比上涨7.5%，高于去年12月的7%。1月CPI环比升幅0.6%，食品、电力、住房等多个领域的价格都在上涨。不包括食品和能源价格的核心CPI同比增长6%，也创下1982年以来最大增幅，环比升幅为0.6%。接受调查的经济学家预估CPI同比上涨7.3%，环比上涨0.4%。该数据进一步支持美联储下月开始加息以因应广泛通胀压力，市场甚至开始猜测加息幅度会高于25基点。消费物价的稳步上涨削弱了近期薪资增长的实际价值，降低美国家庭购买力，进而阻碍到经济反弹。在美联储3月15-16日会议召开之前，还会公布2月份CPI和就业数据。投资者提高了对美联储的紧缩政策预期。市场现在预测3月加息50基点的可能性为50%。虽然多数经济学家预计美联储会如多位官员所说采取更循序渐进的加息策略，但薪资快速上涨后通胀的升温将使加息50个基点的可能性也变得不容忽视。货币市场再度提高利率预测：美联储加息50基点或召开紧急会议升息货币市场现在预期美联储在未来三次会议上将累计加息一个百分点 ，这意味着其中一次可能升息50基点，或者官员召开计划外的紧急政策会议提高利率。周四掉期利率市场一度认为6月份会议后联邦基金目标利率将升至1.12%，比目前0.08%的实际有效利率高出100基点以上。也就是说，要么在一次政策会议上加息50基点，要么在3月、5月、6月会议之间临时加开一次会升息。市场现在认为，3月加息50个基点的概率超过了75%。美国劳工部公布，1月CPI同比上涨7.5%，高于经济学家预期的7.3%，为1982年以来最大升幅。美联储官员James Bullard表示，他支持在7月初之前累计加息一个百分点，包括2000年以来首次加息50个基点。“我希望在7月1日之前看到已经升息100个基点，”Bullard周四接受采访时表示， “我本来就比较鹰派了，但还是大幅提高了利率预期，因为我认为委员会应该采取行动。”房价飙升 美国首次购房者可负担能力达到三年来最差在美国买房正变得越来越难。美国全国地产经纪商协会（NAR）称，对于首次购房者而言，第四季度按揭贷款的月供占家庭收入的比重跃升至25.6%，可负担能力为三年来最差。去年同期这一比例为22.4%。该组织在周四的一份报告中表示，房价飙升再加上抵押贷款利率上升使得典型家庭的月供增加201美元。NAR还表示，第四季度二手单户住宅的中值价格上涨14.6%至361700美元。涨幅略低于一年前的15.9%。在房地产经纪人调查的183个大都市区中，67%的房价涨幅达到两位数，第三季度这个比例为78%。同比涨幅最大的地区是佛罗里达州的Punta Gorda，攀升28.7%；其次是佛罗里达州的Ocala，上涨28.2%；德克萨斯州的奥斯汀房价攀升25.8%。OPEC认为随着经济反弹 全球石油需求面临上行潜力石油输出国组织（OPEC）表示，随着经济活动的反弹和旅行升温，全球石油需求复苏今年可能超过预期。石油输出国组织已经无法以足够快的速度恢复供应以满足消费复苏，这推动油价升至每桶90美元以上的七年高点，并加剧主要经济体的通胀压力。在最新月度报告中，该组织表示，从疫情到通货膨胀，正面临许多挑战，但全球需求量增速可能会超过其目前对2022年的预期——420万桶/天。“基于持续观察到的强劲经济复苏，预测的上行潜力占上风，”该组织在月度报告中表示，“此外，出行预计将更活跃，特别是在旅游业方面。”该报告还显示，按照OPEC自己的标准，市场供应紧张，截至去年12月，发达国家的库存比其2015-2019年的平均水平低约2.02亿桶。巴菲特投资组合中去年表现最好的是一只被他大幅减持的股票去年，沃伦·巴菲特手上表现最好的股票是哪只？是被他抛售的一家公司。根据媒体汇编的数据，富国银行股票去年的总回报率为61%，超过了伯克希尔所公布的截至9月30日止投资组合最新数据中任何一只股票的表现。其表现也远超过了伯克希尔的两大押注：苹果公司和美国银行。巴菲特的伯克希尔未来几天将会披露有关持股的最新信息。申报文件已经显示，该公司基本上错失了富国银行反弹的良机。多年来，总部在旧金山的富国银行都是伯克希尔股票投资组合当中，按照市值计算最大的股份押注，也常常得到巴菲特本人的夸奖。但是随着该行丑闻缠身，伯克希尔到去年9月份，将投资规模从2019年底的3.23亿股削减至了大约67.5万股。特斯拉再召回近58万辆电动汽车：因行人警告系统声音或被掩盖据报道，特斯拉正在美国召回约57.9万辆电动汽车，主要因为汽车的“Boombox”功能可能会掩盖“行人警告系统”（PWS）的声音，从而增加撞车的风险。2020年12月，特斯拉推出了“Boombox”功能，允许车主自定义汽车喇叭的声音，内置放屁、模仿山羊叫和小号等多种音频。同时，在电动汽车行驶过程中也会持续播不同类型的音乐，包括摇滚乐等。美国国家公路交通安全管理局（NHTSA）在其网站上称，特斯拉轿车和SUV的“Boombox”功能，允许司机在车辆行驶时播放声音。这违反了联邦安全标准，即要求电动汽车发出行人警告提示音。而“Boombox”功能可能会掩盖“行人警告系统”的声音，从而增加撞车的风险。NHTSA表示，特斯拉将通过OTA远程软件更新来解决这个问题，该更新将禁用“Boombox”功能。此次召回涉及部分2020年至2022年生产的Model X、Model S和Model Y车型，以及2017年至2022年生产的 Model 3。随着美国安全监管机构加强对特斯拉的审查，这已经是特斯拉在过去两周内公布的第四次召回，其中两次源于软件错误。","news_type":1,"symbols_score_info":{".IXIC":1,"SPY":1,".DJI":1}},"isVote":1,"tweetType":1,"viewCount":4728,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":9033687751,"gmtCreate":1646267446188,"gmtModify":1676534110181,"author":{"id":"3586771609683476","authorId":"3586771609683476","name":"JackJiang","avatar":"https://static.tigerbbs.com/21d7e0d2a9c7ff66594d11d8cc825e95","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3586771609683476","idStr":"3586771609683476"},"themes":[],"title":"","htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9033687751","repostId":"1100214031","repostType":4,"repost":{"id":"1100214031","kind":"news","weMediaInfo":{"introduction":"为用户提供金融资讯、行情、数据，旨在帮助投资者理解世界，做投资决策。","home_visible":1,"media_name":"老虎资讯综合","id":"102","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1646226275,"share":"https://ttm.financial/m/news/1100214031?lang=en_US&edition=fundamental","pubTime":"2022-03-02 21:04","market":"hk","language":"zh","title":"Night Reading | Peter Lynch: 25 Gold Investment Rules to Beat Wall Street","url":"https://stock-news.laohu8.com/highlight/detail?id=1100214031","media":"老虎资讯综合","summary":"来源：整合自《战胜华尔街》p282 25条股票投资黄金法则及网上相关资料作者：彼得·林奇编者注：彼得·林奇毫无疑问是一位卓越的股票投资家，是一个永远的多头持有者。这些朴素的道理林奇用幽默的语言给我们阐述，值得我们一边又一遍的去品味，琢磨，投资道路上，我们共勉。注意：投资于6只投资风格相同的股票基金并非分散投资。","content":"<p><html><head></head><body>Source: Compiled from 25 Golden Rules for Stock Investment, page 282 of \"Defeating Wall Street\" and related online materials.</p><p>By Peter Lynch</p><p>Editor's note: Peter Lynch is undoubtedly an exceptional stock investor and a perpetual long holder. As someone from the last century, some of their investment methods may seem a bit outdated, but the essence of value investing is worth learning from for every investor.<b>For example, start with the company's own business, study the fundamentals, and avoid chasing highs and selling lows. Lin Qi explains these simple truths to us in humorous language, which are worth savoring and pondering over and over again. Let us encourage each other on our investment journey.</b></p><p>1. Investing is fun and exciting, but it can be dangerous if you don't put in the effort to study the fundamentals.</p><p>2. As an amateur investor, your advantage does not lie in obtaining so-called professional investment advice from Wall Street investment experts. Your advantage lies in your unique knowledge and experience. If you leverage your unique strengths to invest in companies and industries you know well, you will definitely beat those investment experts.</p><p>3. For more than 30 years, the stock market has been dominated by a group of professional institutional investors. However, contrary to popular belief, I believe this has actually made it easier for amateur investors to achieve better investment results. Amateur investors can ignore this group of professional institutional investors and still beat the market.</p><p>4. Behind every stock is actually a company, and you need to figure out how that company operates.</p><p>5. It often happens that in the short term, for example, for several months or even years, a company's performance is completely unrelated to its stock price performance; However, in the long run, a company's performance is definitely completely correlated with its stock price performance. Understanding the correlation between short-term and long-term performance and stock price performance is key to making money in investing. At the same time, this difference also indicates that patient holding will eventually pay off, and only by choosing stocks of successful companies can one achieve investment success.</p><p>6. You need to understand the fundamentals of the company you hold shares in, and you need to understand the reasons for holding the stock. Yes, children will eventually grow up, but stocks will not eventually rise.</p><p>7. Thinking that once you win a bet, you will make a lot of money, but you often end up losing a lot.</p><p>8. Treat stocks like your children, but you shouldn't have too many children. I suggest that amateur investors never hold more than 5 stocks at the same time. An amateur investor, even with all available spare time, can only study and track a maximum of 8-12 stocks, and only find opportunities to buy and sell when conditions permit. Therefore, I recommend that amateur investors never hold more than five stocks at any time.</p><p>9. If you can't find a listed company stock worth investing in. Then stay away from the stock market and put your money in the bank until you find a stock worth investing in.</p><p>10. Never invest in the stock of a company whose financial situation you do not understand. Before buying stocks, be sure to check the company's balance sheet to see if the company has sufficient debt repayment capacity and whether there is a risk of bankruptcy.</p><p>11. Avoid those hot stocks. Stocks of outstanding companies in niche industries and industries without growth often become the most profitable bull stocks.</p><p>12. For small company stocks, it's best to wait until these small companies start to turn a profit before considering investing.</p><p>13. If you plan to invest in an industry that is in trouble, be sure to invest in companies that have the ability to weather the storm, and be sure to wait until the industry shows signs of recovery. However, industries such as the production of carriage whips and electron tubes are never likely to recover.</p><p>14. If you invest 1,000 yuan in a stock, even if you lose everything, it will only be 1,000 yuan. However, if you hold it patiently, you may earn 1,000 yuan or even 50,000 yuan. As long as you find a few top-performing stocks and concentrate your investments, the time and effort spent by amateur investors will be far more than worthwhile.</p><p>15. In any industry, careful amateur investors will discover outstanding high-growth companies, and they will discover them much earlier than professional investors.</p><p>16. Stock prices often plummet in the stock market, just as blizzards often occur during the harsh winter in Northeast China. If you make thorough preparations in advance, you won't suffer any damage at all. When the stock market crashes, investors who are not prepared in advance will be terrified and rush to sell at low prices to flee the market. Many stocks will become very cheap, which can be an excellent opportunity for investors who are prepared in advance to buy at low prices.</p><p>17. Everyone has the knowledge needed to make money investing in stocks, but not everyone has the courage needed to make money investing in stocks. Only with knowledge and courage can you make big money investing in stocks. If you are easily influenced by others during the panic of a sharp drop in the market and are so frightened that you quickly sell all your stocks, then if you are timid and afraid of a drop, it is best not to invest in stocks or equity funds.</p><p>18. There will always be things to worry about. Don't worry, the sky won't fall. Unless the company's fundamentals deteriorate, never panic and sell good company stocks.</p><p>19. Ignore any predictions about future interest rates, the macroeconomy, and the stock market, and focus on what is changing in the companies you invest in.</p><p>20. There are always unexpected discoveries in the stock market: good company stocks that perform well but are overlooked by professional institutional investors.</p><p>21. Buying stocks without studying the company's fundamentals is like playing cards without reading the cards; the chances of making money investing are very small.</p><p>22. When you hold stocks in good companies, time will be on your side; the longer you hold them, the greater your chances of making money. Patiently holding stocks of good companies will eventually yield good returns. Even if you miss the surge in stocks of excellent companies like Walmart in the first five years, long-term holding over the next five years will still yield good returns. However, if you hold stock options, time will be on your side; the longer you hold them, the smaller your chances of making money.</p><p>23. If you have the courage to invest in stocks but don't have the time or interest to do your homework and research the fundamentals, then your best option is to invest in equity funds. You should diversify your investments into different stock funds. Fund managers' investment styles can be divided into growth, value, small-cap, and large-cap stocks. You should invest in several different types of stock investment funds. Note: Investing in six stock funds with the same investment style is not diversification. Investors who switch between different funds will pay a huge price and have to pay a high capital gains tax. If one or more funds you invest in are performing well, don't just abandon them; instead, hold them for the long term.</p><p>24. Over the past 10 years, the average investment return of the US stock market has ranked only 8th among global stock markets. Therefore, you can buy funds that invest in overseas stock markets and perform well, thereby sharing in the high growth of stock markets in other countries outside the US.</p><p>25. In the long run, investing in a portfolio of carefully selected stocks or equity funds will certainly outperform a portfolio of bonds or bond funds, but investing in a portfolio of randomly selected stocks is safer than keeping your money under your bed.</p><p></body></html></p>","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>Night Reading | Peter Lynch: 25 Gold Investment Rules to Beat Wall Street</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: 12.5px; color: #7E829C; margin: 0;}\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\">\nNight Reading | Peter Lynch: 25 Gold Investment Rules to Beat Wall Street\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/102\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">老虎资讯综合 </p>\n<p class=\"h-time smaller\">2022-03-02 21:04</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p><html><head></head><body>Source: Compiled from 25 Golden Rules for Stock Investment, page 282 of \"Defeating Wall Street\" and related online materials.</p><p>By Peter Lynch</p><p>Editor's note: Peter Lynch is undoubtedly an exceptional stock investor and a perpetual long holder. As someone from the last century, some of their investment methods may seem a bit outdated, but the essence of value investing is worth learning from for every investor.<b>For example, start with the company's own business, study the fundamentals, and avoid chasing highs and selling lows. Lin Qi explains these simple truths to us in humorous language, which are worth savoring and pondering over and over again. Let us encourage each other on our investment journey.</b></p><p>1. Investing is fun and exciting, but it can be dangerous if you don't put in the effort to study the fundamentals.</p><p>2. As an amateur investor, your advantage does not lie in obtaining so-called professional investment advice from Wall Street investment experts. Your advantage lies in your unique knowledge and experience. If you leverage your unique strengths to invest in companies and industries you know well, you will definitely beat those investment experts.</p><p>3. For more than 30 years, the stock market has been dominated by a group of professional institutional investors. However, contrary to popular belief, I believe this has actually made it easier for amateur investors to achieve better investment results. Amateur investors can ignore this group of professional institutional investors and still beat the market.</p><p>4. Behind every stock is actually a company, and you need to figure out how that company operates.</p><p>5. It often happens that in the short term, for example, for several months or even years, a company's performance is completely unrelated to its stock price performance; However, in the long run, a company's performance is definitely completely correlated with its stock price performance. Understanding the correlation between short-term and long-term performance and stock price performance is key to making money in investing. At the same time, this difference also indicates that patient holding will eventually pay off, and only by choosing stocks of successful companies can one achieve investment success.</p><p>6. You need to understand the fundamentals of the company you hold shares in, and you need to understand the reasons for holding the stock. Yes, children will eventually grow up, but stocks will not eventually rise.</p><p>7. Thinking that once you win a bet, you will make a lot of money, but you often end up losing a lot.</p><p>8. Treat stocks like your children, but you shouldn't have too many children. I suggest that amateur investors never hold more than 5 stocks at the same time. An amateur investor, even with all available spare time, can only study and track a maximum of 8-12 stocks, and only find opportunities to buy and sell when conditions permit. Therefore, I recommend that amateur investors never hold more than five stocks at any time.</p><p>9. If you can't find a listed company stock worth investing in. Then stay away from the stock market and put your money in the bank until you find a stock worth investing in.</p><p>10. Never invest in the stock of a company whose financial situation you do not understand. Before buying stocks, be sure to check the company's balance sheet to see if the company has sufficient debt repayment capacity and whether there is a risk of bankruptcy.</p><p>11. Avoid those hot stocks. Stocks of outstanding companies in niche industries and industries without growth often become the most profitable bull stocks.</p><p>12. For small company stocks, it's best to wait until these small companies start to turn a profit before considering investing.</p><p>13. If you plan to invest in an industry that is in trouble, be sure to invest in companies that have the ability to weather the storm, and be sure to wait until the industry shows signs of recovery. However, industries such as the production of carriage whips and electron tubes are never likely to recover.</p><p>14. If you invest 1,000 yuan in a stock, even if you lose everything, it will only be 1,000 yuan. However, if you hold it patiently, you may earn 1,000 yuan or even 50,000 yuan. As long as you find a few top-performing stocks and concentrate your investments, the time and effort spent by amateur investors will be far more than worthwhile.</p><p>15. In any industry, careful amateur investors will discover outstanding high-growth companies, and they will discover them much earlier than professional investors.</p><p>16. Stock prices often plummet in the stock market, just as blizzards often occur during the harsh winter in Northeast China. If you make thorough preparations in advance, you won't suffer any damage at all. When the stock market crashes, investors who are not prepared in advance will be terrified and rush to sell at low prices to flee the market. Many stocks will become very cheap, which can be an excellent opportunity for investors who are prepared in advance to buy at low prices.</p><p>17. Everyone has the knowledge needed to make money investing in stocks, but not everyone has the courage needed to make money investing in stocks. Only with knowledge and courage can you make big money investing in stocks. If you are easily influenced by others during the panic of a sharp drop in the market and are so frightened that you quickly sell all your stocks, then if you are timid and afraid of a drop, it is best not to invest in stocks or equity funds.</p><p>18. There will always be things to worry about. Don't worry, the sky won't fall. Unless the company's fundamentals deteriorate, never panic and sell good company stocks.</p><p>19. Ignore any predictions about future interest rates, the macroeconomy, and the stock market, and focus on what is changing in the companies you invest in.</p><p>20. There are always unexpected discoveries in the stock market: good company stocks that perform well but are overlooked by professional institutional investors.</p><p>21. Buying stocks without studying the company's fundamentals is like playing cards without reading the cards; the chances of making money investing are very small.</p><p>22. When you hold stocks in good companies, time will be on your side; the longer you hold them, the greater your chances of making money. Patiently holding stocks of good companies will eventually yield good returns. Even if you miss the surge in stocks of excellent companies like Walmart in the first five years, long-term holding over the next five years will still yield good returns. However, if you hold stock options, time will be on your side; the longer you hold them, the smaller your chances of making money.</p><p>23. If you have the courage to invest in stocks but don't have the time or interest to do your homework and research the fundamentals, then your best option is to invest in equity funds. You should diversify your investments into different stock funds. Fund managers' investment styles can be divided into growth, value, small-cap, and large-cap stocks. You should invest in several different types of stock investment funds. Note: Investing in six stock funds with the same investment style is not diversification. Investors who switch between different funds will pay a huge price and have to pay a high capital gains tax. If one or more funds you invest in are performing well, don't just abandon them; instead, hold them for the long term.</p><p>24. Over the past 10 years, the average investment return of the US stock market has ranked only 8th among global stock markets. Therefore, you can buy funds that invest in overseas stock markets and perform well, thereby sharing in the high growth of stock markets in other countries outside the US.</p><p>25. In the long run, investing in a portfolio of carefully selected stocks or equity funds will certainly outperform a portfolio of bonds or bond funds, but investing in a portfolio of randomly selected stocks is safer than keeping your money under your bed.</p><p></body></html></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/5d8fb95e65f042f352c6313989391357","relate_stocks":{},"source_url":"","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1100214031","content_text":"来源：整合自《战胜华尔街》p282 25条股票投资黄金法则及网上相关资料作者：彼得·林奇编者注：彼得·林奇毫无疑问是一位卓越的股票投资家，是一个永远的多头持有者。作为上个世纪的人，其一些投资方法可能显得有些过时，但是其价值投资的精髓值得我们每一个投资者去学习。例如，从公司本身业务入手，研究基本面，不要追涨杀跌。这些朴素的道理林奇用幽默的语言给我们阐述，值得我们一边又一遍的去品味，琢磨，投资道路上，我们共勉。1.投资很有趣、很刺激，但如果你不下工夫研究基本面的话，那就会很危险。2.作为一个业余投资者，你的优势并不在于从华尔街投资专家那里获得所谓专业投资建议。你的优势其实在于你自身所具有的独特知识和经验。如果充分发挥你的独特优势来投资于自己充分了解的公司和行业，那么你肯定会打败那些投资专家们。3.过去30多年来，股票市场被一群专业机构投资者所主宰，但是与一般人的想法正好相反，我认为这反而使业余投资者更容易取得更好的投资业绩。业余投资者尽可以忽略这群专业机构投资者，照样战胜市场。4.每只股票后面其实都是一家公司，你得弄清楚这家公司到底是如何经营的。5.经常出现这样的事：短期而言，比如好几个月甚至好几年，一家公司业绩表现与其股价表现毫不相关；但是长期而言，一家公司业绩表现肯定与其股价表现是完全相关的。弄清楚短期和长期业绩表现与股价表现相关性的差别，是投资赚钱的关键。同时，这一差别也表明，耐心持有终有回报，选择成功企业的股票方能取得投资成功。6.你得弄清楚你持股的公司基本面究竟如何，你得搞明白持有这只股票的理由究竟是什么。不错，孩子终究会长大的，但是股票并非终究会上涨的。7.想着一旦赌赢就会大赚一把，结果往往会大输一把。8.把股票看做是你的孩子，但是养孩子不能太多，我建议业余投资者在任何时候都不要同时持有5只以上的股票。一个业余投资人，即使利用所有能利用的业余时间，最多也只能研究追踪8-12支股票，而且只有在条件允许的情况下找到机会进行买入卖出操作。因此我建议业余投资者在任何时候都不要持有5只以上的股票。9.如果你找不到一只值得投资的上市公司股票。那么就远离股市，把你的钱存到银行里，直到你找到一只值得投资的股票。10.永远不要投资你不了解其财务状况的公司股票。在买入股票之前，一定要先检查一下公司的资产负债表，看看公司是否有足够的偿债能力，有没有破产风险。11.避开那些热门股。冷门行业和没有增长的行业中的卓越公司股票往往会成为最赚钱的大牛股。12.对于小公司股票来说，对于小公司股票来说，你最好等到这些小公司开始实现盈利时，再考虑投资也不迟。13.如果你打算投资一个正处于困境之中的行业，一定要投资那些有能力渡过难关的公司，而且一定要等到行业出现复苏的信号。不过，像生产赶马车鞭子和电子管这样的行业是永远没有复苏的希望了。14.如果你在1只股票上投资1000元，即使亏光也不过1000元，但如果耐心持有，可能会赚1000元甚至50000元。只要找到几只大牛股，集中投资，业余投资者花费的时间精力就远远物超所值。15.在任何一个行业，平时留心观察的业余投资者就会发现那些卓越的高成长公司，而且发现时间远远早于那些专业投资者。16.股市中经常会出现股价大跌，就如同东北地区严冬时分经常会出现暴风雪一样。如果事先做好充分准备，根本不会遭到什么损害。股市大跌时那些没有事先准备的投资者会吓得胆战心惊，慌忙低价割肉，逃离股市，许多股票会变得十分便宜，对于事先早做准备的投资者来说反而是一个低价买入的绝佳机会。17.每个人都有投资股票赚钱所需要的知识，但并非每个人都有投资股票赚所需要的胆路，有识且有胆才能在股票投资上赚大钱。如果你在最市大跌恐慌中很容易受别人影响，吓的赶紧抛掉手中所有的股票，那么胆小怕跌的你最好不要投资股票，也不要投资股票型基金。18.总会有事让人担心。放心，天塌不下来。除非公司基本面恶化，否则坚决不要恐慌抛出好公司股票。19.不要理会任何对未来利率、宏观经济和股市的预测，集中精力关注你投资的公司正发生什么变化。20.在股市中总会有意外发现，那就是业绩表现良好却被专业机构投资者忽视的好公司股票。21.不研究公司基本面就买股票，就像不看牌就打牌一样，投资赚钱的机会很小。22.当你持有好公司的股票时，时间就会站在你这一边，持有时间越长，赚钱的机会就越大。耐心持有好公司股票终将有好回报，即使错过了像沃尔玛这样的优秀公司股票前5年的大涨，未来5年内长期持有仍然会有很好的回报。但是如果你持有的是股票期权，时间就会站在你的对立面，持有时间越长，赚钱的机会越小。23.如果你有胆量投资股票，却没有时间也没有兴趣做功课研究基本面，那么你的最佳选择是投资股票型基金。你应该分散投资于不同的股票基金。基金经理的投资风格可分为成长型、价值型、小盘股、大盘股等，你应该投资几种不同风格的股票投资基金。注意：投资于6只投资风格相同的股票基金并非分散投资。投资者在不同基金之间换来换去，就会付出巨大的代价，得支付很高的资本利得税。如果你投资的一只或几只基金业绩表现不错，就不要随便抛弃它们，而要坚决长期持有。24.在过去10年里，美国股市平均投资收益率在全球股市中仅仅排名第8，因此，你可以购买那些投资于海外股市且业绩表现良好的基金，从而分享美国以外其他国家股市的高成长。25.长期而言，投资于一个由精心挑选的股票或股票投资基金构成的投资组，业绩表现肯定要远远胜过一个由债券或债券基金构成的投资组合，但是投一个由胡乱挑选的股票构成的投资组合，还不如把钱放在床底下更安全。","news_type":1,"symbols_score_info":{}},"isVote":1,"tweetType":1,"viewCount":4847,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9092340373,"gmtCreate":1644542474636,"gmtModify":1676533939014,"author":{"id":"3586771609683476","authorId":"3586771609683476","name":"JackJiang","avatar":"https://static.tigerbbs.com/21d7e0d2a9c7ff66594d11d8cc825e95","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3586771609683476","idStr":"3586771609683476"},"themes":[],"title":"","htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9092340373","repostId":"2210513930","repostType":4,"repost":{"id":"2210513930","kind":"news","pubTimestamp":1644529396,"share":"https://ttm.financial/m/news/2210513930?lang=en_US&edition=fundamental","pubTime":"2022-02-11 05:43","market":"sh","language":"zh","title":"Foreign Media Headlines | Another Breakthrough! US January CPI hits 40-year high","url":"https://stock-news.laohu8.com/highlight/detail?id=2210513930","media":"市场资讯","summary":"接受调查的经济学家预估CPI同比上涨7.3%，环比上涨0.4%。该数据进一步支持美联储下月开始加息以因应广泛通胀压力，市场甚至开始猜测加息幅度会高于25基点。在美联储3月15-16日会议召开之前，还会公布2月份CPI和就业数据。投资者提高了对美联储的紧缩政策预期。去年同期这一比例为22.4%。NAR还表示，第四季度二手单户住宅的中值价格上涨14.6%至361700美元。此次召回涉及部分2020年至2022年生产的Model X、Model S和Model Y车型，以及2017年至2022年生产的 Model 3。","content":"<p><html><head></head><body><b>The main headlines that global financial media focused on last night and this morning were:</b></p><p><b>1. US inflation exceeded expectations, reaching a 40-year high, putting immense pressure on the Federal Reserve and the White House.</b><b>2. Money markets raise interest rate forecasts again: Fed rate hike 50 basis points may hold an emergency meeting to raise interest rates.</b><b>3. Soaring home prices hit the worst level of affordability for first-time homebuyers in the US in three years.</b><b>4. OPEC believes that global oil demand faces upward potential as the economy rebounds.</b><b>5. The best-performing stock in Buffett's portfolio last year was one that he significantly reduced his holdings in.</b><b>6、<a href=\"https://laohu8.com/S/TSLA\">Tesla</a>Nearly 580,000 more electric vehicles recalled: due to potential silencing of pedestrian warning systems.</b><img src=\"https://static.tigerbbs.com/6caf2568c31b096480211a31a85363e4\" tg-width=\"720\" tg-height=\"396\" referrerpolicy=\"no-referrer\"/></p><p><b>US inflation rate exceeded expectations, reaching a 40-year high, putting immense pressure on the Federal Reserve and the White House.</b></p><p>U.S. inflation exceeded expectations in January, and consumer prices rose to their highest year-on-year level in four decades, making it imperative for the Federal Reserve to initiate rate hike.</p><p>Data released by the Labor Department on Thursday showed that the consumer price index (CPI) rose 7.5% year-on-year in January, up from 7% in December. The CPI rose 0.6% month-on-month in January, with prices rising in multiple sectors including food, electricity, and housing. Core CPI, excluding food and energy prices, rose 6% year-on-year, the largest increase since 1982, and 0.6% month-on-month.</p><p>Economists surveyed expect the CPI to rise 7.3% year-on-year and 0.4% month-on-month.</p><p>This data further supports the Federal Reserve's decision to begin rate hike next month to address widespread inflationary pressures, with the market even beginning to speculate that rate hike will exceed 25 basis points. The steady rise in consumer prices has weakened the real value of recent wage growth, reduced the purchasing power of American households, and thus hindered the economic rebound.</p><p>The February CPI and employment data will also be released before the Federal Reserve's meeting on March 15-16.</p><p>Investors have raised their expectations for the Federal Reserve's tightening policy. The market now predicts a 50% chance of a 50-basis-point rate hike in March. While most economists expect the Federal Reserve to adopt a more gradual rate hike strategy, as several officials have suggested, rising inflation following rapid wage increases will make the possibility of a 50 basis point increase in rate hike undeniable.</p><p><img src=\"https://static.tigerbbs.com/f86f96180fee5ed9f26342015d614f08\" tg-width=\"720\" tg-height=\"465\" referrerpolicy=\"no-referrer\"/></p><p><b>Money markets raise interest rate forecasts again: Fed rate hike 50 basis points may hold emergency meeting to raise interest rates.</b></p><p>Money markets now expect the Federal Reserve to accumulate rate hike by one percentage point over its next three meetings, meaning one of them could raise interest rates by 50 basis points, or officials could hold an unscheduled emergency policy meeting to raise rates.</p><p>On Thursday, the swap rate market initially believed that the target federal funds rate would rise to 1.12% after the June meeting, more than 100 basis points higher than the current effective rate of 0.08%. In other words, either a 50 basis point rate hike will be raised at a policy meeting, or an additional meeting will be held temporarily between the March, May, and June meetings.</p><p>The market now believes that the probability of rate hike reaching 50 basis points in March exceeds 75%.</p><p>The U.S. Department of Labor announced that the CPI rose 7.5% year-on-year in January, higher than economists' expectations of 7.3%, marking the largest increase since 1982.</p><p>Federal Reserve official James Bullard said he supports accumulating rate hike by one percentage point by early July, including a 50 basis point rate hike for the first time since 2000.</p><p>“I hope to see a 100 basis point rate hike by July 1,” Bullard said in an interview on Thursday. “I was already quite hawkish, but I still raised my rate expectations significantly because I think the committee should take action.”</p><p><img src=\"https://static.tigerbbs.com/7cdadcd766ab4a065c9b99e9b769460b\" tg-width=\"720\" tg-height=\"479\" referrerpolicy=\"no-referrer\"/></p><p><b>Soaring home prices hit the worst level of affordability for first-time homebuyers in the U.S. in three years.</b></p><p>Buying a house in the United States is becoming increasingly difficult.</p><p>According to the National Association of Realtors (NAR), for first-time homebuyers, monthly mortgage payments as a percentage of household income jumped to 25.6% in the fourth quarter, marking the worst affordability in three years. This figure was 22.4% in the same period last year.</p><p>The organization said in a report on Thursday that soaring home prices, coupled with rising mortgage rates, have increased the typical family's monthly payment by $201.</p><p>NAR also stated that the median price of second-hand single-family homes rose 14.6% to $361,700 in the fourth quarter. The increase was slightly lower than 15.9% a year ago.</p><p>Of the 183 metropolitan areas surveyed by real estate agents, 67% saw double-digit price increases, compared to 78% in the third quarter. The region with the largest year-on-year increase was Punta Gorda, Florida, which climbed 28.7%; Secondly, Ocala, Florida, rose 28.2%; Home prices in Austin, Texas, climbed 25.8%.</p><p><img src=\"https://static.tigerbbs.com/6fbd1c9ba66d380513a2ae473c297c1f\" tg-width=\"720\" tg-height=\"540\" referrerpolicy=\"no-referrer\"/></p><p><b>OPEC believes that global oil demand faces upward potential as the economy rebounds.</b></p><p>The Organization of the Petroleum Exporting Countries (OPEC) says the recovery in global oil demand this year may exceed expectations as economic activity rebounds and travel heats up.</p><p>The Organization of the Petroleum Exporting Countries (OPEC) has been unable to restore supply quickly enough to meet the consumption recovery, pushing oil prices to a seven-year high above $90 a barrel and exacerbating inflationary pressures in major economies.</p><p>In its latest monthly report, the organization stated that it is facing many challenges, from the pandemic to inflation, but global demand growth may exceed its current forecast for 2022 of 4.2 million barrels per day.</p><p>“Based on the continuously observed strong economic recovery, the forecast upside potential prevails,” the organization said in its monthly report. “In addition, travel is expected to be more active, particularly in the tourism sector.”</p><p>The report also shows that by OPEC's own standards, market supply is tight, with developed countries' inventories by about 202 million barrels below their average level from 2015 to 2019 as of December last year.</p><p><img src=\"https://static.tigerbbs.com/f7de26a752a735b794d18d6e05b31088\" tg-width=\"720\" tg-height=\"456\" referrerpolicy=\"no-referrer\"/></p><p><b>The best-performing stock in Buffett's portfolio last year was one that he significantly reduced his holdings in.</b></p><p>What was Warren Buffett's best performing stock last year? It was a company he sold.</p><p>According to data compiled by the media,<a href=\"https://laohu8.com/S/WFC\">Wells Fargo Bank</a>The stock's total return last year was 61%, exceeding...<a href=\"https://laohu8.com/S/BRK.A\">Berkshire</a>The performance of any stock in the latest portfolio data published as of September 30. Its performance far exceeded Berkshire's two major bets: Apple and...<a href=\"https://laohu8.com/S/BAC\">Bank of America</a>。</p><p>Warren Buffett's Berkshire Hathaway will disclose updates on its shareholdings in the coming days. The filing documents have shown that the company essentially missed a good opportunity for Wells Fargo to rebound. For many years, San Francisco-based Wells Fargo has been the largest stock bet by market capitalization in Berkshire's stock portfolio, and it has often received praise from Buffett himself. However, as the bank was embroiled in scandals, Berkshire Hathaway reduced its investment from 323 million shares at the end of 2019 to approximately 675,000 shares by September of last year.</p><p><img src=\"https://static.tigerbbs.com/501aba31308a046c29bf5b1a6cb30792\" tg-width=\"720\" tg-height=\"479\" referrerpolicy=\"no-referrer\"/></p><p><b>Tesla is recalling nearly 580,000 more electric vehicles due to potential pedestrian warning system sounds being masked.</b></p><p>Tesla is reportedly recalling approximately 579,000 electric vehicles in the United States, primarily because the cars' \"Boombox\" feature may mask the sound of the \"Pedestrian Warning System\" (PWS), increasing the risk of crashes.</p><p>In December 2020, Tesla launched the \"Boombox\" feature, which allows car owners to customize the sound of their car horns and includes a variety of built-in audio such as farting, imitating goat bleating, and trumpets. Meanwhile, the electric vehicle will continuously play different types of music, including rock music, while it is in motion.</p><p>The National Highway Traffic Safety Administration (NHTSA) states on its website that the \"Boombox\" feature in Tesla sedans and SUVs allows drivers to play sounds while the vehicle is in motion. This violates federal safety standards, which require electric vehicles to emit pedestrian warning sounds. The \"Boombox\" function may drown out the sound of the \"pedestrian warning system,\" thereby increasing the risk of a crash.</p><p>The NHTSA stated that Tesla will address the issue through an OTA remote software update that will disable the \"Boombox\" feature. This recall involves certain Model X, Model S, and Model Y models manufactured between 2020 and 2022, as well as Model 3 models manufactured between 2017 and 2022.</p><p>As U.S. safety regulators intensify their scrutiny of Tesla, this is the fourth recall Tesla has announced in the past two weeks, two of which stemmed from software errors.</p><p></body></html></p>","source":"sina_symbol","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>Foreign Media Headlines | Another Breakthrough! US January CPI hits 40-year high</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: 12.5px; color: #7E829C; margin: 0;}\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\">\nForeign Media Headlines | Another Breakthrough! US January CPI hits 40-year high\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">市场资讯</strong><span class=\"h-time small\">2022-02-11 05:43</span>\n</p>\n</h4>\n</header>\n<article>\n<p><html><head></head><body><b>The main headlines that global financial media focused on last night and this morning were:</b></p><p><b>1. US inflation exceeded expectations, reaching a 40-year high, putting immense pressure on the Federal Reserve and the White House.</b><b>2. Money markets raise interest rate forecasts again: Fed rate hike 50 basis points may hold an emergency meeting to raise interest rates.</b><b>3. Soaring home prices hit the worst level of affordability for first-time homebuyers in the US in three years.</b><b>4. OPEC believes that global oil demand faces upward potential as the economy rebounds.</b><b>5. The best-performing stock in Buffett's portfolio last year was one that he significantly reduced his holdings in.</b><b>6、<a href=\"https://laohu8.com/S/TSLA\">Tesla</a>Nearly 580,000 more electric vehicles recalled: due to potential silencing of pedestrian warning systems.</b><img src=\"https://static.tigerbbs.com/6caf2568c31b096480211a31a85363e4\" tg-width=\"720\" tg-height=\"396\" referrerpolicy=\"no-referrer\"/></p><p><b>US inflation rate exceeded expectations, reaching a 40-year high, putting immense pressure on the Federal Reserve and the White House.</b></p><p>U.S. inflation exceeded expectations in January, and consumer prices rose to their highest year-on-year level in four decades, making it imperative for the Federal Reserve to initiate rate hike.</p><p>Data released by the Labor Department on Thursday showed that the consumer price index (CPI) rose 7.5% year-on-year in January, up from 7% in December. The CPI rose 0.6% month-on-month in January, with prices rising in multiple sectors including food, electricity, and housing. Core CPI, excluding food and energy prices, rose 6% year-on-year, the largest increase since 1982, and 0.6% month-on-month.</p><p>Economists surveyed expect the CPI to rise 7.3% year-on-year and 0.4% month-on-month.</p><p>This data further supports the Federal Reserve's decision to begin rate hike next month to address widespread inflationary pressures, with the market even beginning to speculate that rate hike will exceed 25 basis points. The steady rise in consumer prices has weakened the real value of recent wage growth, reduced the purchasing power of American households, and thus hindered the economic rebound.</p><p>The February CPI and employment data will also be released before the Federal Reserve's meeting on March 15-16.</p><p>Investors have raised their expectations for the Federal Reserve's tightening policy. The market now predicts a 50% chance of a 50-basis-point rate hike in March. While most economists expect the Federal Reserve to adopt a more gradual rate hike strategy, as several officials have suggested, rising inflation following rapid wage increases will make the possibility of a 50 basis point increase in rate hike undeniable.</p><p><img src=\"https://static.tigerbbs.com/f86f96180fee5ed9f26342015d614f08\" tg-width=\"720\" tg-height=\"465\" referrerpolicy=\"no-referrer\"/></p><p><b>Money markets raise interest rate forecasts again: Fed rate hike 50 basis points may hold emergency meeting to raise interest rates.</b></p><p>Money markets now expect the Federal Reserve to accumulate rate hike by one percentage point over its next three meetings, meaning one of them could raise interest rates by 50 basis points, or officials could hold an unscheduled emergency policy meeting to raise rates.</p><p>On Thursday, the swap rate market initially believed that the target federal funds rate would rise to 1.12% after the June meeting, more than 100 basis points higher than the current effective rate of 0.08%. In other words, either a 50 basis point rate hike will be raised at a policy meeting, or an additional meeting will be held temporarily between the March, May, and June meetings.</p><p>The market now believes that the probability of rate hike reaching 50 basis points in March exceeds 75%.</p><p>The U.S. Department of Labor announced that the CPI rose 7.5% year-on-year in January, higher than economists' expectations of 7.3%, marking the largest increase since 1982.</p><p>Federal Reserve official James Bullard said he supports accumulating rate hike by one percentage point by early July, including a 50 basis point rate hike for the first time since 2000.</p><p>“I hope to see a 100 basis point rate hike by July 1,” Bullard said in an interview on Thursday. “I was already quite hawkish, but I still raised my rate expectations significantly because I think the committee should take action.”</p><p><img src=\"https://static.tigerbbs.com/7cdadcd766ab4a065c9b99e9b769460b\" tg-width=\"720\" tg-height=\"479\" referrerpolicy=\"no-referrer\"/></p><p><b>Soaring home prices hit the worst level of affordability for first-time homebuyers in the U.S. in three years.</b></p><p>Buying a house in the United States is becoming increasingly difficult.</p><p>According to the National Association of Realtors (NAR), for first-time homebuyers, monthly mortgage payments as a percentage of household income jumped to 25.6% in the fourth quarter, marking the worst affordability in three years. This figure was 22.4% in the same period last year.</p><p>The organization said in a report on Thursday that soaring home prices, coupled with rising mortgage rates, have increased the typical family's monthly payment by $201.</p><p>NAR also stated that the median price of second-hand single-family homes rose 14.6% to $361,700 in the fourth quarter. The increase was slightly lower than 15.9% a year ago.</p><p>Of the 183 metropolitan areas surveyed by real estate agents, 67% saw double-digit price increases, compared to 78% in the third quarter. The region with the largest year-on-year increase was Punta Gorda, Florida, which climbed 28.7%; Secondly, Ocala, Florida, rose 28.2%; Home prices in Austin, Texas, climbed 25.8%.</p><p><img src=\"https://static.tigerbbs.com/6fbd1c9ba66d380513a2ae473c297c1f\" tg-width=\"720\" tg-height=\"540\" referrerpolicy=\"no-referrer\"/></p><p><b>OPEC believes that global oil demand faces upward potential as the economy rebounds.</b></p><p>The Organization of the Petroleum Exporting Countries (OPEC) says the recovery in global oil demand this year may exceed expectations as economic activity rebounds and travel heats up.</p><p>The Organization of the Petroleum Exporting Countries (OPEC) has been unable to restore supply quickly enough to meet the consumption recovery, pushing oil prices to a seven-year high above $90 a barrel and exacerbating inflationary pressures in major economies.</p><p>In its latest monthly report, the organization stated that it is facing many challenges, from the pandemic to inflation, but global demand growth may exceed its current forecast for 2022 of 4.2 million barrels per day.</p><p>“Based on the continuously observed strong economic recovery, the forecast upside potential prevails,” the organization said in its monthly report. “In addition, travel is expected to be more active, particularly in the tourism sector.”</p><p>The report also shows that by OPEC's own standards, market supply is tight, with developed countries' inventories by about 202 million barrels below their average level from 2015 to 2019 as of December last year.</p><p><img src=\"https://static.tigerbbs.com/f7de26a752a735b794d18d6e05b31088\" tg-width=\"720\" tg-height=\"456\" referrerpolicy=\"no-referrer\"/></p><p><b>The best-performing stock in Buffett's portfolio last year was one that he significantly reduced his holdings in.</b></p><p>What was Warren Buffett's best performing stock last year? It was a company he sold.</p><p>According to data compiled by the media,<a href=\"https://laohu8.com/S/WFC\">Wells Fargo Bank</a>The stock's total return last year was 61%, exceeding...<a href=\"https://laohu8.com/S/BRK.A\">Berkshire</a>The performance of any stock in the latest portfolio data published as of September 30. Its performance far exceeded Berkshire's two major bets: Apple and...<a href=\"https://laohu8.com/S/BAC\">Bank of America</a>。</p><p>Warren Buffett's Berkshire Hathaway will disclose updates on its shareholdings in the coming days. The filing documents have shown that the company essentially missed a good opportunity for Wells Fargo to rebound. For many years, San Francisco-based Wells Fargo has been the largest stock bet by market capitalization in Berkshire's stock portfolio, and it has often received praise from Buffett himself. However, as the bank was embroiled in scandals, Berkshire Hathaway reduced its investment from 323 million shares at the end of 2019 to approximately 675,000 shares by September of last year.</p><p><img src=\"https://static.tigerbbs.com/501aba31308a046c29bf5b1a6cb30792\" tg-width=\"720\" tg-height=\"479\" referrerpolicy=\"no-referrer\"/></p><p><b>Tesla is recalling nearly 580,000 more electric vehicles due to potential pedestrian warning system sounds being masked.</b></p><p>Tesla is reportedly recalling approximately 579,000 electric vehicles in the United States, primarily because the cars' \"Boombox\" feature may mask the sound of the \"Pedestrian Warning System\" (PWS), increasing the risk of crashes.</p><p>In December 2020, Tesla launched the \"Boombox\" feature, which allows car owners to customize the sound of their car horns and includes a variety of built-in audio such as farting, imitating goat bleating, and trumpets. Meanwhile, the electric vehicle will continuously play different types of music, including rock music, while it is in motion.</p><p>The National Highway Traffic Safety Administration (NHTSA) states on its website that the \"Boombox\" feature in Tesla sedans and SUVs allows drivers to play sounds while the vehicle is in motion. This violates federal safety standards, which require electric vehicles to emit pedestrian warning sounds. The \"Boombox\" function may drown out the sound of the \"pedestrian warning system,\" thereby increasing the risk of a crash.</p><p>The NHTSA stated that Tesla will address the issue through an OTA remote software update that will disable the \"Boombox\" feature. This recall involves certain Model X, Model S, and Model Y models manufactured between 2020 and 2022, as well as Model 3 models manufactured between 2017 and 2022.</p><p>As U.S. safety regulators intensify their scrutiny of Tesla, this is the fourth recall Tesla has announced in the past two weeks, two of which stemmed from software errors.</p><p></body></html></p>\n<div class=\"bt-text\">\n\n\n<p> source：<a href=\"https://cj.sina.cn/article/normal_detail?url=https://finance.sina.com.cn/stock/usstock/c/2022-02-11/doc-ikyamrna0132779.shtml\">市场资讯</a></p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/6caf2568c31b096480211a31a85363e4","relate_stocks":{"BK4534":"瑞士信贷持仓",".IXIC":"NASDAQ Composite","BK4504":"桥水持仓","BK4559":"巴菲特持仓",".DJI":"道琼斯","BK4550":"红杉资本持仓","SPY":"标普500ETF"},"source_url":"https://cj.sina.cn/article/normal_detail?url=https://finance.sina.com.cn/stock/usstock/c/2022-02-11/doc-ikyamrna0132779.shtml","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2210513930","content_text":"球财经媒体昨夜今晨共同关注的头条新闻主要有：1、美国通胀率超预期达到40年最高 美联储和白宫倍感压力2、货币市场再度提高利率预测：美联储加息50基点或召开紧急会议升息3、房价飙升 美国首次购房者可负担能力达到三年来最差4、OPEC认为随着经济反弹 全球石油需求面临上行潜力5、巴菲特投资组合中去年表现最好的是一只被他大幅减持的股票6、特斯拉再召回近58万辆电动汽车：因行人警告系统声音或被掩盖美国通胀率超预期达到40年最高 美联储和白宫倍感压力美国1月通胀率超过预期，消费物价同比升幅达到四十年来最高水平，美联储启动加息变得刻不容缓。劳工部周四公布的数据显示，1月消费者价格指数（CPI）同比上涨7.5%，高于去年12月的7%。1月CPI环比升幅0.6%，食品、电力、住房等多个领域的价格都在上涨。不包括食品和能源价格的核心CPI同比增长6%，也创下1982年以来最大增幅，环比升幅为0.6%。接受调查的经济学家预估CPI同比上涨7.3%，环比上涨0.4%。该数据进一步支持美联储下月开始加息以因应广泛通胀压力，市场甚至开始猜测加息幅度会高于25基点。消费物价的稳步上涨削弱了近期薪资增长的实际价值，降低美国家庭购买力，进而阻碍到经济反弹。在美联储3月15-16日会议召开之前，还会公布2月份CPI和就业数据。投资者提高了对美联储的紧缩政策预期。市场现在预测3月加息50基点的可能性为50%。虽然多数经济学家预计美联储会如多位官员所说采取更循序渐进的加息策略，但薪资快速上涨后通胀的升温将使加息50个基点的可能性也变得不容忽视。货币市场再度提高利率预测：美联储加息50基点或召开紧急会议升息货币市场现在预期美联储在未来三次会议上将累计加息一个百分点 ，这意味着其中一次可能升息50基点，或者官员召开计划外的紧急政策会议提高利率。周四掉期利率市场一度认为6月份会议后联邦基金目标利率将升至1.12%，比目前0.08%的实际有效利率高出100基点以上。也就是说，要么在一次政策会议上加息50基点，要么在3月、5月、6月会议之间临时加开一次会升息。市场现在认为，3月加息50个基点的概率超过了75%。美国劳工部公布，1月CPI同比上涨7.5%，高于经济学家预期的7.3%，为1982年以来最大升幅。美联储官员James Bullard表示，他支持在7月初之前累计加息一个百分点，包括2000年以来首次加息50个基点。“我希望在7月1日之前看到已经升息100个基点，”Bullard周四接受采访时表示， “我本来就比较鹰派了，但还是大幅提高了利率预期，因为我认为委员会应该采取行动。”房价飙升 美国首次购房者可负担能力达到三年来最差在美国买房正变得越来越难。美国全国地产经纪商协会（NAR）称，对于首次购房者而言，第四季度按揭贷款的月供占家庭收入的比重跃升至25.6%，可负担能力为三年来最差。去年同期这一比例为22.4%。该组织在周四的一份报告中表示，房价飙升再加上抵押贷款利率上升使得典型家庭的月供增加201美元。NAR还表示，第四季度二手单户住宅的中值价格上涨14.6%至361700美元。涨幅略低于一年前的15.9%。在房地产经纪人调查的183个大都市区中，67%的房价涨幅达到两位数，第三季度这个比例为78%。同比涨幅最大的地区是佛罗里达州的Punta Gorda，攀升28.7%；其次是佛罗里达州的Ocala，上涨28.2%；德克萨斯州的奥斯汀房价攀升25.8%。OPEC认为随着经济反弹 全球石油需求面临上行潜力石油输出国组织（OPEC）表示，随着经济活动的反弹和旅行升温，全球石油需求复苏今年可能超过预期。石油输出国组织已经无法以足够快的速度恢复供应以满足消费复苏，这推动油价升至每桶90美元以上的七年高点，并加剧主要经济体的通胀压力。在最新月度报告中，该组织表示，从疫情到通货膨胀，正面临许多挑战，但全球需求量增速可能会超过其目前对2022年的预期——420万桶/天。“基于持续观察到的强劲经济复苏，预测的上行潜力占上风，”该组织在月度报告中表示，“此外，出行预计将更活跃，特别是在旅游业方面。”该报告还显示，按照OPEC自己的标准，市场供应紧张，截至去年12月，发达国家的库存比其2015-2019年的平均水平低约2.02亿桶。巴菲特投资组合中去年表现最好的是一只被他大幅减持的股票去年，沃伦·巴菲特手上表现最好的股票是哪只？是被他抛售的一家公司。根据媒体汇编的数据，富国银行股票去年的总回报率为61%，超过了伯克希尔所公布的截至9月30日止投资组合最新数据中任何一只股票的表现。其表现也远超过了伯克希尔的两大押注：苹果公司和美国银行。巴菲特的伯克希尔未来几天将会披露有关持股的最新信息。申报文件已经显示，该公司基本上错失了富国银行反弹的良机。多年来，总部在旧金山的富国银行都是伯克希尔股票投资组合当中，按照市值计算最大的股份押注，也常常得到巴菲特本人的夸奖。但是随着该行丑闻缠身，伯克希尔到去年9月份，将投资规模从2019年底的3.23亿股削减至了大约67.5万股。特斯拉再召回近58万辆电动汽车：因行人警告系统声音或被掩盖据报道，特斯拉正在美国召回约57.9万辆电动汽车，主要因为汽车的“Boombox”功能可能会掩盖“行人警告系统”（PWS）的声音，从而增加撞车的风险。2020年12月，特斯拉推出了“Boombox”功能，允许车主自定义汽车喇叭的声音，内置放屁、模仿山羊叫和小号等多种音频。同时，在电动汽车行驶过程中也会持续播不同类型的音乐，包括摇滚乐等。美国国家公路交通安全管理局（NHTSA）在其网站上称，特斯拉轿车和SUV的“Boombox”功能，允许司机在车辆行驶时播放声音。这违反了联邦安全标准，即要求电动汽车发出行人警告提示音。而“Boombox”功能可能会掩盖“行人警告系统”的声音，从而增加撞车的风险。NHTSA表示，特斯拉将通过OTA远程软件更新来解决这个问题，该更新将禁用“Boombox”功能。此次召回涉及部分2020年至2022年生产的Model X、Model S和Model Y车型，以及2017年至2022年生产的 Model 3。随着美国安全监管机构加强对特斯拉的审查，这已经是特斯拉在过去两周内公布的第四次召回，其中两次源于软件错误。","news_type":1,"symbols_score_info":{".IXIC":1,"SPY":1,".DJI":1}},"isVote":1,"tweetType":1,"viewCount":4728,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9063086145,"gmtCreate":1651372036160,"gmtModify":1676534897157,"author":{"id":"3586771609683476","authorId":"3586771609683476","name":"JackJiang","avatar":"https://static.tigerbbs.com/21d7e0d2a9c7ff66594d11d8cc825e95","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3586771609683476","idStr":"3586771609683476"},"themes":[],"title":"","htmlText":"ok👍","listText":"ok👍","text":"ok👍","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9063086145","repostId":"1179575802","repostType":4,"repost":{"id":"1179575802","kind":"news","weMediaInfo":{"introduction":"追踪全球财经热点，精选影响您财富的资讯，投资理财必备神器！","home_visible":1,"media_name":"华尔街见闻","id":"1084101182","head_image":"https://static.tigerbbs.com/66809d1f5c2e43e2bdf15820c6d6897e"},"pubTimestamp":1651234926,"share":"https://ttm.financial/m/news/1179575802?lang=en_US&edition=fundamental","pubTime":"2022-04-29 20:22","market":"us","language":"zh","title":"The world is waiting to hear Buffett and Munger!","url":"https://stock-news.laohu8.com/highlight/detail?id=1179575802","media":"华尔街见闻","summary":"伯克希尔·哈撒韦公司将在奥马哈市举办年度股东大会，自疫情爆发以来首次回归线下。","content":"<p><html><head></head><body>From April 29 to May 1 local time (April 30 to May 2 Beijing time),<a href=\"https://laohu8.com/S/BRK.A\">Berkshire</a>Hathaway will be based in Omaha, Nebraska, the hometown of its founder Warren Buffett.<b>Hold an annual general meeting of shareholders,</b>This marks the first time the event has returned to offline events since the outbreak of the pandemic in 2019.</p><p><img src=\"https://static.tigerbbs.com/6f3199e7971184ea39b4a4a58a0c79d0\" tg-width=\"740\" tg-height=\"416\" referrerpolicy=\"no-referrer\"/></p><p>This shareholders' meeting, also known as the \"Spring Festival Gala of the investment community,\" has attracted attention from the global investment community. It not only features video shows and exhibitions and sales of Berkshire Hathaway's subsidiary products, but also provides investors with a rare opportunity to hear speeches by legendary investors Warren Buffett, 92, and Charlie Munger, 98, who typically participate in marathon Q&A sessions lasting several hours.</p><p><img src=\"https://static.tigerbbs.com/97ed3918c3547ee7e972bcfb9bb41fa3\" tg-width=\"499\" tg-height=\"785\" referrerpolicy=\"no-referrer\"/></p><p>It is estimated that more than 40,000 people will attend the event. At that time, Buffett's retirement plans, company succession, future investment plans, and views on the current market and the global economy will inevitably become the focus of attention for all shareholders and even the global market.</p><p>Warren Buffett, with a net worth exceeding $100 billion, is known as the \"Prophet of Omaha.\" His Class A shares of Berkshire Hathaway closed above $500,000 for the first time in March this year, setting a new record closing high and far outperforming the S&P 500 index, which has been declining this year.</p><p><b>Berkshire Hathaway Class A</b>It was the company's initial stock offering. Because the company insisted on not distributing dividends or splitting shares, its price soared rapidly over time, eventually becoming...<b>One of the most expensive stocks on Wall Street. The company currently has a market capitalization of $743 billion.</b></p><p><img src=\"https://static.tigerbbs.com/a9c31dbdd6ebb793a60a7e0ecfad9fb5\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"/></p><p><b>SPECIFIC ARRANGEMENTS FOR THE SHAREHOLDERS'</b></p><p>On Friday, April 29 local time, Berkshire Hathaway's shareholders' meeting will be held at the CHI Health Center in northern Omaha.</p><p>Similar to the schedule for offline shareholders' meetings in previous years,<b>The conference also included a full three-day event schedule: a weekend party, a peripheral conference sponsored by investment advisors, and Berkshire Hathaway's...<a href=\"https://laohu8.com/S/BRKR\">Brooke</a>A 5-kilometer walk and other shopping events sponsored by Sports Company.</b></p><p>The specific arrangements for Friday, April 29th include: collection of participation badges, shareholder shopping, and a shareholder-exclusive shopping night.</p><p><img src=\"https://static.tigerbbs.com/e416ed9379e7999aa9455eb818195054\" tg-width=\"1080\" tg-height=\"369\" referrerpolicy=\"no-referrer\"/></p><p>The specific arrangements for Saturday, the 30th, are as follows: the shareholders' meeting will open, and the usual annual meeting film will be shown.<b>During the shareholders' meeting Q&A session,</b>Formal corporate business meetings and NFM Berkshire picnics.</p><p><img src=\"https://static.tigerbbs.com/465a981d63db6e69060f9f5df06bc732\" tg-width=\"882\" tg-height=\"340\" referrerpolicy=\"no-referrer\"/></p><p>The specific arrangements for Sunday, May 1st include: the \"Invest in Yourself\" 5km race and a shareholder-only shopping day.</p><p><img src=\"https://static.tigerbbs.com/f6ea29e26acc46f400076b7b4bbe7136\" tg-width=\"1080\" tg-height=\"214\" referrerpolicy=\"no-referrer\"/></p><p>This year's shareholders' meeting,<b>The most eye-catching part was undoubtedly the Q&A session.</b>Shareholders at the meeting will be randomly selected, and a CNBC reporter will compile questions from shareholders who cannot attend the meeting and select those she believes people are most interested in.</p><p>Buffett will give shareholders ample freedom. In his invitation, Buffett stated that any shareholder drawn at the event could simply walk up to any of the 11 microphones in front of the event and ask questions.</p><p><b>2. Will my retirement plan come true after being \"impeached\" in my later years?</b></p><p>Just last week, CalPERS, the largest state public pension fund in the United States, disclosed its intention to vote in favor of a shareholder proposal from Berkshire Hathaway to remove Warren Buffett from his position as chairman.</p><p>The fund holds more than $450 billion in total assets, including approximately $2.3 billion in Berkshire Hathaway stock. The National Center for Law and Policy, one of the company's shareholders, called for the establishment of an independent chairman, saying that having the chairman and CEO serve as the same official weakens the company's governance structure.</p><p>According to the proposal, Buffett can continue to serve as CEO. However, Berkshire Hathaway's board of directors opposed the proposal to remove Buffett from his position as chairman, stating last month that \"Buffett should continue to serve as chairman and CEO as long as he serves as CEO of Berkshire Hathaway.\"</p><p>The proposal appears to face an uphill battle. Apart from the board's veto, Buffett himself holds a 32% voting stake in the company.</p><p>However, two weeks ago, in an interview with former CBS host Charlie Ross, Buffett also admitted that age had begun to affect him, and he occasionally \"forgot his name and couldn't read as quickly as before.\" He calls himself a 'rotting machine' but still 'feels great'.</p><p>Therefore, some Wall Street analysts speculate that Buffett may present a retirement timetable at this year's shareholders' meeting and ultimately confirm Berkshire's future successor.</p><p><b>3. Two \"potential successors\" make their first appearance at the shareholders' meeting.</b></p><p><img src=\"https://static.tigerbbs.com/2bd3a8e83156086137e4aeaad62d621e\" tg-width=\"1080\" tg-height=\"485\" referrerpolicy=\"no-referrer\"/></p><p><b>Not only will Buffett and Munger appear together again, but Greg Abel and Ajit Jain, who are considered by the industry to be Buffett's \"potential successors,\" will also attend.</b></p><p>In January 2018, Buffett promoted the two executives to Berkshire's board of directors.</p><p>On May 3 last year, Buffett admitted in an interview with CNBC: \"The board of directors unanimously agreed that if I step down, Greg Abel, vice chairman of Berkshire Hathaway's non-insurance business, will take over as CEO.\"</p><p>Abel, 59, began working for a small power company called CalEnergy in 1992, became its president in 1998, and renamed the company Sino-American Energy Holdings. The company was acquired by Berkshire Hathaway in 2000 and is now Berkshire Hathaway Energy (BHE). Abel served as the company's CEO from 2008 to 2018 and is now its chairman.</p><p>According to Forbes, Abel holds a 1% stake in Berkshire Hathaway Energy, worth approximately $480 million, representing the majority of his net worth. He also owns a trust fund in which he holds five Class A shares of Berkshire Hathaway, and he holds 2,363 Class B shares in custody for family members. His Class A shares are worth approximately $2.8 million, and his Class B shares are worth more than $400,000.</p><p>As Jianwenjun once mentioned, unlike Buffett and Munger, Abel, who is naturally low-key, does not like to stand in the spotlight. Nevertheless, his outstanding performance in mergers and acquisitions still impressed the outside world. His friend once described it this way: \"His life was work, and he hid his talent behind a humble attitude.\"</p><p>Abel himself is not young anymore. Therefore, it may be reasonable for Buffett to want him to be CEO of Berkshire Hathaway.</p><p>Another successor is Ajit Jain, vice chairman of Berkshire Hathaway's insurance business. Buffett previously admitted that the Berkshire Hathaway board of directors had reached a consensus on who should immediately succeed the CEO:</p><p><b>If anything happens to me tonight, Greg will take over as CEO the next morning. If anything happens to Greg, another vice chairman, Ajit, will take over.</b><b>4. How would you explain Buffett's recent frequent moves?</b></p><p>This year has been a turbulent one for global markets. Since the outbreak of the Russia-Ukraine conflict, Warren Buffett, adept at exploiting market volatility to find opportunities, has been continuously buying...<a href=\"https://laohu8.com/S/OXY\">Western Petroleum</a>The company holds a total of 136.4 million shares, accounting for 14.6% of Occidental Petroleum's outstanding shares, valued at over $7.2 billion.</p><p>Shortly afterward, Buffett made another move, acquiring the insurance company Alleghany for $11.6 billion, his largest acquisition in six years.</p><p>After buying oil stocks and acquiring insurance companies, Buffett bought another 121 million shares.<a href=\"https://laohu8.com/S/HPQ\">HP</a>Stocks. This investment gave Berkshire Hathaway an approximately 11.4% stake in HP, making it the largest shareholder in the personal computer and printer maker.</p><p>According to Business Insider, James Shanahan, senior equity analyst at investment firm Edward Jones, expects two more deals to materialize next year. Berkshire Hathaway may spend approximately $4 billion to increase its stake in Pilot Flying J, the largest truck rest stop operator in the United States, to 80% in early 2023.</p><p>In addition, the company may soon acquire the 8% stake in Berkshire Hathaway Energy held by the Walter Scott Jr. family. Shanahan said this would give it a stake of more than 99%.</p><p>This means that Berkshire Hathaway could invest more than $33 billion in 18 months, exceeding the $30 billion it invested in the stock market in 2020.</p><p>As of the end of 2021, Berkshire Hathaway had $144 billion in cash on its books. However, Berkshire Hathaway may still find it difficult to reduce its cash reserves. Shanahan points out that the company generates approximately $33 billion in free cash flow every five quarters:</p><p><b>Unless other investments are made, Berkshire Hathaway will likely still hold $150 billion in cash by mid-2023.</b>This week, Shanahan downgraded the stock to \"hold\" and claimed that its current share price reflects that the stock may outperform its financial services peers this year.</p><p>At the upcoming shareholders' meeting, Buffett may provide a more detailed response to his recent investment actions and reveal his future investment outlook and plans. Buffett recently called the meeting \"a very, very important meeting.\"</p><p><b>5. The title of \"Prophet of Omaha\" is by no means empty.</b></p><p>Buffett's repeated accurate predictions about stocks and markets have earned him the nickname \"Oracle of Omaha.\"</p><p>in 2011,<a href=\"https://laohu8.com/S/BAC\">Bank of America</a>Having suffered the aftershocks of the subprime mortgage crisis, with the stock price falling from $19 per share the previous year to $7 per share, Buffett sensed an opportunity and purchased $5 billion of Bank of America preferred shares.</p><p>These preferred shares came with warrants that allowed him to buy 700 million shares of Bank of America stock at $7.14 per share. When Buffett exercised his options in 2017, he made $12 billion.</p><p>In late 1974, when the Dow Jones Industrial Average fell below 600 points, Buffett told Forbes that he believed \"now is the time to start investing.\" By the time that interview was published, the Dow had risen nearly 15% to 660 points.</p><p>This prediction particularly highlights Buffett's investment philosophy:</p><p>Fear when others are greedy, and be greedy when others are fearful. Whenever Buffett speaks, the whole world listens with bated breath. This time, let's focus our attention on this legendary figure.</p><p><img src=\"https://static.tigerbbs.com/86265aa24c88e98c77bfcb35b6d9d942\" tg-width=\"800\" tg-height=\"532\" referrerpolicy=\"no-referrer\"/></p><p><b>6. Review some classic quotes from Buffett and Munger.</b></p><p>The most anticipated aspect of this shareholders' meeting, hailed as the \"Spring Festival Gala of the investment world,\" is that 92-year-old Buffett and 98-year-old Munger will once again team up to share their investment wisdom with global investors.</p><p>Before that, let's recall the wise investment views of Munger and Buffett.</p><p><b>1) 20 classic quotes from Munger</b></p><p><ul><li>Investment wisdom</p><p></li></ul>1. People calculate too much and think too little.</p><p>2. It is worth noting that people like us do not become stupid through hard work, rather than becoming very smart through hard work, and gain many long-term advantages!</p><p>3. Generally speaking, jealousy, resentment, and self-pity are disastrous ways of thinking. Excessive self-pity can be almost paranoid, and paranoia is one of the hardest things to reverse. Let's not get caught up in self-pity.</p><p>4. What is basic, universal wisdom? The first rule is that if you just remember isolated facts and piece them together, you can't really understand anything. If these facts are not organized into a memory grid, they exist in an unusable form. You have to build the model in your brain.</p><p><ul><li>Wealth Creation</p><p></li></ul>1. Making big money is not about buying and selling, but about waiting.</p><p>2. What is the secret to success? \"Rationality\".</p><p>3. The best way to get what you want is to make yourself worthy of it.</p><p>4. If I knew where I would die, I would never go there.</p><p><ul><li>The importance of learning</p><p></li></ul>1. There is no one-size-fits-all formula. You need to know a lot about business, human nature, and numbers. Don't expect a magic system to do these things for you.</p><p>2. If you easily embark on an interdisciplinary path, you will never want to go back, because that would be like cutting off your hands.</p><p>3. In my life, of all the smart people I met, there wasn't a single one who didn't read every day—no, not a single one. You might be surprised by how much Warren reads; he's a book with two legs.</p><p>4. Try to be smarter every day before you get up than you were before you went to bed yesterday. Day after day, if you live long enough, you will eventually get what you deserve.</p><p><ul><li>Circle of competence theory</p><p></li></ul>1. Knowing what you don't know is more useful than being smart.</p><p>2. If things get too difficult, we just skip over and try another one. Is there anything simpler than doing that?</p><p>3. You don't need to be very smart; you just need to remain a little smarter than others for a very, very long time.</p><p>4. There are three baskets: entry, exit, and too difficult. We must have sufficient insight, otherwise we will mistakenly throw into the \"too difficult\" basket.</p><p><ul><li>Code of living</p><p></li></ul>1. \"Imitating cattle\" will lead people back to mediocrity.</p><p>2. Life is like a poker game. Even if you sometimes get a hand you really like, you must learn to give up.</p><p>3. Learn to think about things upside down. Looking back, reverse thinking will help you discover many problems.</p><p>4. Life is a series of \"opportunity costs\". You should marry the best person you can find. How similar it is to investing!</p><p><b>2) Warren Buffett's 15 Investment Wisdoms</b></p><p>1. The first rule is never to lose money, and the second rule is to remember the first rule.</p><p>Buffett's golden rule is that any investor should prioritize preserving their capital when deciding to invest in the market. In other words, stay rational.</p><p>2. Someone is sitting in the shade of a tree today because he planted a tree a long time ago.</p><p>The core pillar of Buffett's long-term investment philosophy. In life and investment, we must think about the development trajectory of things.</p><p>3. If you don't want to own a stock for ten years, then don't even consider owning it for ten minutes.</p><p>Buffett's best insights into handling active and passive investing.</p><p>4. Whether we're talking about socks or stocks, I like to buy quality products at low prices.</p><p>The core of value investing is to find undervalued companies to invest in.</p><p>5. Buying an excellent company at a reasonable price is better than buying a mediocre company at a low price.</p><p>Finding undervalued companies is not the only criterion; you also need to look at the stock's fundamentals to determine whether a company is outstanding.</p><p>6. Risk comes from not knowing what you are doing.</p><p>A little research can reduce a lot of risk and help you understand the market better.</p><p>7. Never invest in a business you cannot understand.</p><p>Understand the returns and risks of an asset before trying to invest in it.</p><p>8. The best investment is to invest in yourself.</p><p>Invest in two things: your ability to make money and your ability to make money work for you. Work has a certain time limit, but money can \"work\" around the clock and permanently.</p><p>9. Never rely on a single source of income; use investment to create a second source of income.</p><p>Diversification and long-term investment are the secrets to success.</p><p>10. I am afraid when others are greedy, and I am greedy when others are fearful.</p><p>People are irrational.</p><p>11. Don't give up what's attractive today just because you think you'll find something better tomorrow.</p><p>One bird in your hand is better than two in the forest.</p><p>12. The best opportunity for capital allocation is when the situation worsens.</p><p>A downturn in the market is the best time to look for good companies that are undervalued.</p><p>13. You only realize who's swimming naked when the tide goes out.</p><p>Only when short-term irrational market factors subside will we know who is investing and who is speculating.</p><p>14. Protecting your reputation is more important than money.</p><p>Integrity is the foundation.</p><p>15. The number one investment principle is independent thinking and inner peace.</p><p></body></html></p>","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>The world is waiting to hear Buffett and Munger!</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: 12.5px; color: #7E829C; margin: 0;}\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\">\nThe world is waiting to hear Buffett and Munger!\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1084101182\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/66809d1f5c2e43e2bdf15820c6d6897e);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">华尔街见闻 </p>\n<p class=\"h-time smaller\">2022-04-29 20:22</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p><html><head></head><body>From April 29 to May 1 local time (April 30 to May 2 Beijing time),<a href=\"https://laohu8.com/S/BRK.A\">Berkshire</a>Hathaway will be based in Omaha, Nebraska, the hometown of its founder Warren Buffett.<b>Hold an annual general meeting of shareholders,</b>This marks the first time the event has returned to offline events since the outbreak of the pandemic in 2019.</p><p><img src=\"https://static.tigerbbs.com/6f3199e7971184ea39b4a4a58a0c79d0\" tg-width=\"740\" tg-height=\"416\" referrerpolicy=\"no-referrer\"/></p><p>This shareholders' meeting, also known as the \"Spring Festival Gala of the investment community,\" has attracted attention from the global investment community. It not only features video shows and exhibitions and sales of Berkshire Hathaway's subsidiary products, but also provides investors with a rare opportunity to hear speeches by legendary investors Warren Buffett, 92, and Charlie Munger, 98, who typically participate in marathon Q&A sessions lasting several hours.</p><p><img src=\"https://static.tigerbbs.com/97ed3918c3547ee7e972bcfb9bb41fa3\" tg-width=\"499\" tg-height=\"785\" referrerpolicy=\"no-referrer\"/></p><p>It is estimated that more than 40,000 people will attend the event. At that time, Buffett's retirement plans, company succession, future investment plans, and views on the current market and the global economy will inevitably become the focus of attention for all shareholders and even the global market.</p><p>Warren Buffett, with a net worth exceeding $100 billion, is known as the \"Prophet of Omaha.\" His Class A shares of Berkshire Hathaway closed above $500,000 for the first time in March this year, setting a new record closing high and far outperforming the S&P 500 index, which has been declining this year.</p><p><b>Berkshire Hathaway Class A</b>It was the company's initial stock offering. Because the company insisted on not distributing dividends or splitting shares, its price soared rapidly over time, eventually becoming...<b>One of the most expensive stocks on Wall Street. The company currently has a market capitalization of $743 billion.</b></p><p><img src=\"https://static.tigerbbs.com/a9c31dbdd6ebb793a60a7e0ecfad9fb5\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"/></p><p><b>SPECIFIC ARRANGEMENTS FOR THE SHAREHOLDERS'</b></p><p>On Friday, April 29 local time, Berkshire Hathaway's shareholders' meeting will be held at the CHI Health Center in northern Omaha.</p><p>Similar to the schedule for offline shareholders' meetings in previous years,<b>The conference also included a full three-day event schedule: a weekend party, a peripheral conference sponsored by investment advisors, and Berkshire Hathaway's...<a href=\"https://laohu8.com/S/BRKR\">Brooke</a>A 5-kilometer walk and other shopping events sponsored by Sports Company.</b></p><p>The specific arrangements for Friday, April 29th include: collection of participation badges, shareholder shopping, and a shareholder-exclusive shopping night.</p><p><img src=\"https://static.tigerbbs.com/e416ed9379e7999aa9455eb818195054\" tg-width=\"1080\" tg-height=\"369\" referrerpolicy=\"no-referrer\"/></p><p>The specific arrangements for Saturday, the 30th, are as follows: the shareholders' meeting will open, and the usual annual meeting film will be shown.<b>During the shareholders' meeting Q&A session,</b>Formal corporate business meetings and NFM Berkshire picnics.</p><p><img src=\"https://static.tigerbbs.com/465a981d63db6e69060f9f5df06bc732\" tg-width=\"882\" tg-height=\"340\" referrerpolicy=\"no-referrer\"/></p><p>The specific arrangements for Sunday, May 1st include: the \"Invest in Yourself\" 5km race and a shareholder-only shopping day.</p><p><img src=\"https://static.tigerbbs.com/f6ea29e26acc46f400076b7b4bbe7136\" tg-width=\"1080\" tg-height=\"214\" referrerpolicy=\"no-referrer\"/></p><p>This year's shareholders' meeting,<b>The most eye-catching part was undoubtedly the Q&A session.</b>Shareholders at the meeting will be randomly selected, and a CNBC reporter will compile questions from shareholders who cannot attend the meeting and select those she believes people are most interested in.</p><p>Buffett will give shareholders ample freedom. In his invitation, Buffett stated that any shareholder drawn at the event could simply walk up to any of the 11 microphones in front of the event and ask questions.</p><p><b>2. Will my retirement plan come true after being \"impeached\" in my later years?</b></p><p>Just last week, CalPERS, the largest state public pension fund in the United States, disclosed its intention to vote in favor of a shareholder proposal from Berkshire Hathaway to remove Warren Buffett from his position as chairman.</p><p>The fund holds more than $450 billion in total assets, including approximately $2.3 billion in Berkshire Hathaway stock. The National Center for Law and Policy, one of the company's shareholders, called for the establishment of an independent chairman, saying that having the chairman and CEO serve as the same official weakens the company's governance structure.</p><p>According to the proposal, Buffett can continue to serve as CEO. However, Berkshire Hathaway's board of directors opposed the proposal to remove Buffett from his position as chairman, stating last month that \"Buffett should continue to serve as chairman and CEO as long as he serves as CEO of Berkshire Hathaway.\"</p><p>The proposal appears to face an uphill battle. Apart from the board's veto, Buffett himself holds a 32% voting stake in the company.</p><p>However, two weeks ago, in an interview with former CBS host Charlie Ross, Buffett also admitted that age had begun to affect him, and he occasionally \"forgot his name and couldn't read as quickly as before.\" He calls himself a 'rotting machine' but still 'feels great'.</p><p>Therefore, some Wall Street analysts speculate that Buffett may present a retirement timetable at this year's shareholders' meeting and ultimately confirm Berkshire's future successor.</p><p><b>3. Two \"potential successors\" make their first appearance at the shareholders' meeting.</b></p><p><img src=\"https://static.tigerbbs.com/2bd3a8e83156086137e4aeaad62d621e\" tg-width=\"1080\" tg-height=\"485\" referrerpolicy=\"no-referrer\"/></p><p><b>Not only will Buffett and Munger appear together again, but Greg Abel and Ajit Jain, who are considered by the industry to be Buffett's \"potential successors,\" will also attend.</b></p><p>In January 2018, Buffett promoted the two executives to Berkshire's board of directors.</p><p>On May 3 last year, Buffett admitted in an interview with CNBC: \"The board of directors unanimously agreed that if I step down, Greg Abel, vice chairman of Berkshire Hathaway's non-insurance business, will take over as CEO.\"</p><p>Abel, 59, began working for a small power company called CalEnergy in 1992, became its president in 1998, and renamed the company Sino-American Energy Holdings. The company was acquired by Berkshire Hathaway in 2000 and is now Berkshire Hathaway Energy (BHE). Abel served as the company's CEO from 2008 to 2018 and is now its chairman.</p><p>According to Forbes, Abel holds a 1% stake in Berkshire Hathaway Energy, worth approximately $480 million, representing the majority of his net worth. He also owns a trust fund in which he holds five Class A shares of Berkshire Hathaway, and he holds 2,363 Class B shares in custody for family members. His Class A shares are worth approximately $2.8 million, and his Class B shares are worth more than $400,000.</p><p>As Jianwenjun once mentioned, unlike Buffett and Munger, Abel, who is naturally low-key, does not like to stand in the spotlight. Nevertheless, his outstanding performance in mergers and acquisitions still impressed the outside world. His friend once described it this way: \"His life was work, and he hid his talent behind a humble attitude.\"</p><p>Abel himself is not young anymore. Therefore, it may be reasonable for Buffett to want him to be CEO of Berkshire Hathaway.</p><p>Another successor is Ajit Jain, vice chairman of Berkshire Hathaway's insurance business. Buffett previously admitted that the Berkshire Hathaway board of directors had reached a consensus on who should immediately succeed the CEO:</p><p><b>If anything happens to me tonight, Greg will take over as CEO the next morning. If anything happens to Greg, another vice chairman, Ajit, will take over.</b><b>4. How would you explain Buffett's recent frequent moves?</b></p><p>This year has been a turbulent one for global markets. Since the outbreak of the Russia-Ukraine conflict, Warren Buffett, adept at exploiting market volatility to find opportunities, has been continuously buying...<a href=\"https://laohu8.com/S/OXY\">Western Petroleum</a>The company holds a total of 136.4 million shares, accounting for 14.6% of Occidental Petroleum's outstanding shares, valued at over $7.2 billion.</p><p>Shortly afterward, Buffett made another move, acquiring the insurance company Alleghany for $11.6 billion, his largest acquisition in six years.</p><p>After buying oil stocks and acquiring insurance companies, Buffett bought another 121 million shares.<a href=\"https://laohu8.com/S/HPQ\">HP</a>Stocks. This investment gave Berkshire Hathaway an approximately 11.4% stake in HP, making it the largest shareholder in the personal computer and printer maker.</p><p>According to Business Insider, James Shanahan, senior equity analyst at investment firm Edward Jones, expects two more deals to materialize next year. Berkshire Hathaway may spend approximately $4 billion to increase its stake in Pilot Flying J, the largest truck rest stop operator in the United States, to 80% in early 2023.</p><p>In addition, the company may soon acquire the 8% stake in Berkshire Hathaway Energy held by the Walter Scott Jr. family. Shanahan said this would give it a stake of more than 99%.</p><p>This means that Berkshire Hathaway could invest more than $33 billion in 18 months, exceeding the $30 billion it invested in the stock market in 2020.</p><p>As of the end of 2021, Berkshire Hathaway had $144 billion in cash on its books. However, Berkshire Hathaway may still find it difficult to reduce its cash reserves. Shanahan points out that the company generates approximately $33 billion in free cash flow every five quarters:</p><p><b>Unless other investments are made, Berkshire Hathaway will likely still hold $150 billion in cash by mid-2023.</b>This week, Shanahan downgraded the stock to \"hold\" and claimed that its current share price reflects that the stock may outperform its financial services peers this year.</p><p>At the upcoming shareholders' meeting, Buffett may provide a more detailed response to his recent investment actions and reveal his future investment outlook and plans. Buffett recently called the meeting \"a very, very important meeting.\"</p><p><b>5. The title of \"Prophet of Omaha\" is by no means empty.</b></p><p>Buffett's repeated accurate predictions about stocks and markets have earned him the nickname \"Oracle of Omaha.\"</p><p>in 2011,<a href=\"https://laohu8.com/S/BAC\">Bank of America</a>Having suffered the aftershocks of the subprime mortgage crisis, with the stock price falling from $19 per share the previous year to $7 per share, Buffett sensed an opportunity and purchased $5 billion of Bank of America preferred shares.</p><p>These preferred shares came with warrants that allowed him to buy 700 million shares of Bank of America stock at $7.14 per share. When Buffett exercised his options in 2017, he made $12 billion.</p><p>In late 1974, when the Dow Jones Industrial Average fell below 600 points, Buffett told Forbes that he believed \"now is the time to start investing.\" By the time that interview was published, the Dow had risen nearly 15% to 660 points.</p><p>This prediction particularly highlights Buffett's investment philosophy:</p><p>Fear when others are greedy, and be greedy when others are fearful. Whenever Buffett speaks, the whole world listens with bated breath. This time, let's focus our attention on this legendary figure.</p><p><img src=\"https://static.tigerbbs.com/86265aa24c88e98c77bfcb35b6d9d942\" tg-width=\"800\" tg-height=\"532\" referrerpolicy=\"no-referrer\"/></p><p><b>6. Review some classic quotes from Buffett and Munger.</b></p><p>The most anticipated aspect of this shareholders' meeting, hailed as the \"Spring Festival Gala of the investment world,\" is that 92-year-old Buffett and 98-year-old Munger will once again team up to share their investment wisdom with global investors.</p><p>Before that, let's recall the wise investment views of Munger and Buffett.</p><p><b>1) 20 classic quotes from Munger</b></p><p><ul><li>Investment wisdom</p><p></li></ul>1. People calculate too much and think too little.</p><p>2. It is worth noting that people like us do not become stupid through hard work, rather than becoming very smart through hard work, and gain many long-term advantages!</p><p>3. Generally speaking, jealousy, resentment, and self-pity are disastrous ways of thinking. Excessive self-pity can be almost paranoid, and paranoia is one of the hardest things to reverse. Let's not get caught up in self-pity.</p><p>4. What is basic, universal wisdom? The first rule is that if you just remember isolated facts and piece them together, you can't really understand anything. If these facts are not organized into a memory grid, they exist in an unusable form. You have to build the model in your brain.</p><p><ul><li>Wealth Creation</p><p></li></ul>1. Making big money is not about buying and selling, but about waiting.</p><p>2. What is the secret to success? \"Rationality\".</p><p>3. The best way to get what you want is to make yourself worthy of it.</p><p>4. If I knew where I would die, I would never go there.</p><p><ul><li>The importance of learning</p><p></li></ul>1. There is no one-size-fits-all formula. You need to know a lot about business, human nature, and numbers. Don't expect a magic system to do these things for you.</p><p>2. If you easily embark on an interdisciplinary path, you will never want to go back, because that would be like cutting off your hands.</p><p>3. In my life, of all the smart people I met, there wasn't a single one who didn't read every day—no, not a single one. You might be surprised by how much Warren reads; he's a book with two legs.</p><p>4. Try to be smarter every day before you get up than you were before you went to bed yesterday. Day after day, if you live long enough, you will eventually get what you deserve.</p><p><ul><li>Circle of competence theory</p><p></li></ul>1. Knowing what you don't know is more useful than being smart.</p><p>2. If things get too difficult, we just skip over and try another one. Is there anything simpler than doing that?</p><p>3. You don't need to be very smart; you just need to remain a little smarter than others for a very, very long time.</p><p>4. There are three baskets: entry, exit, and too difficult. We must have sufficient insight, otherwise we will mistakenly throw into the \"too difficult\" basket.</p><p><ul><li>Code of living</p><p></li></ul>1. \"Imitating cattle\" will lead people back to mediocrity.</p><p>2. Life is like a poker game. Even if you sometimes get a hand you really like, you must learn to give up.</p><p>3. Learn to think about things upside down. Looking back, reverse thinking will help you discover many problems.</p><p>4. Life is a series of \"opportunity costs\". You should marry the best person you can find. How similar it is to investing!</p><p><b>2) Warren Buffett's 15 Investment Wisdoms</b></p><p>1. The first rule is never to lose money, and the second rule is to remember the first rule.</p><p>Buffett's golden rule is that any investor should prioritize preserving their capital when deciding to invest in the market. In other words, stay rational.</p><p>2. Someone is sitting in the shade of a tree today because he planted a tree a long time ago.</p><p>The core pillar of Buffett's long-term investment philosophy. In life and investment, we must think about the development trajectory of things.</p><p>3. If you don't want to own a stock for ten years, then don't even consider owning it for ten minutes.</p><p>Buffett's best insights into handling active and passive investing.</p><p>4. Whether we're talking about socks or stocks, I like to buy quality products at low prices.</p><p>The core of value investing is to find undervalued companies to invest in.</p><p>5. Buying an excellent company at a reasonable price is better than buying a mediocre company at a low price.</p><p>Finding undervalued companies is not the only criterion; you also need to look at the stock's fundamentals to determine whether a company is outstanding.</p><p>6. Risk comes from not knowing what you are doing.</p><p>A little research can reduce a lot of risk and help you understand the market better.</p><p>7. Never invest in a business you cannot understand.</p><p>Understand the returns and risks of an asset before trying to invest in it.</p><p>8. The best investment is to invest in yourself.</p><p>Invest in two things: your ability to make money and your ability to make money work for you. Work has a certain time limit, but money can \"work\" around the clock and permanently.</p><p>9. Never rely on a single source of income; use investment to create a second source of income.</p><p>Diversification and long-term investment are the secrets to success.</p><p>10. I am afraid when others are greedy, and I am greedy when others are fearful.</p><p>People are irrational.</p><p>11. Don't give up what's attractive today just because you think you'll find something better tomorrow.</p><p>One bird in your hand is better than two in the forest.</p><p>12. The best opportunity for capital allocation is when the situation worsens.</p><p>A downturn in the market is the best time to look for good companies that are undervalued.</p><p>13. You only realize who's swimming naked when the tide goes out.</p><p>Only when short-term irrational market factors subside will we know who is investing and who is speculating.</p><p>14. Protecting your reputation is more important than money.</p><p>Integrity is the foundation.</p><p>15. The number one investment principle is independent thinking and inner peace.</p><p></body></html></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/6f3199e7971184ea39b4a4a58a0c79d0","relate_stocks":{"BRK.B":"伯克希尔B","BRK.A":"伯克希尔"},"source_url":"","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1179575802","content_text":"当地时间4月29日至5月1日（北京时间4月30日至5月2日），伯克希尔哈撒韦公司将在其创始人沃伦·巴菲特的家乡——内布拉斯加州奥马哈市举办年度股东大会，为自2019年疫情爆发以来首次回归线下举办。这次的股东大会也被称为是“投资界的春晚”，受到全球投资界的瞩目，不仅有视频秀、伯克希尔子公司产品的展销，而且还为投资者提供了难得的机会，可以听到传奇投资人——现年92岁的巴菲特和98岁的查理·芒格的讲话，他们通常会参加数小时的马拉松式问答环节。预计现场参加可能超过4万人。届时，巴菲特的退休计划、公司接班人、未来的投资计划以及对当前市场和全球经济的看法等，必然会成为所有股东乃至全球市场关注的焦点。净资产超过千亿美元的巴菲特被誉为是“奥马哈先知”，他旗下伯克希尔哈撒韦公司的A类股股价在今年3月首次收于50万美元上方，创下了历史收盘新高，表现远远超过超过了今年不住下跌的标普500指数大盘。伯克希尔A类股票是公司最初发行的股票。由于公司坚持不分红及拆股，随着时间的推移，其价格迅速飙升，最终成为华尔街最昂贵的个股之一。目前该公司市值为7430亿美元。1、股东大会的具体安排当地时间4月29日周五，伯克希尔哈撒韦公司的股东大会将在奥马哈市北部市区的 CHI Health Center 举办。与往年线下股东大会的会议安排一样，此次大会也包括了整整三天的活动日程：周末派对、投资顾问赞助的周边会议、伯克希尔旗下布鲁克斯体育公司赞助的5公里健步跑以及其他购物活动。4月29日周五的具体安排为：领取参会证，股东购物以及股东专享购物夜。30日周六的具体安排为：股东大会现场开门，播放年会惯例影片，股东大会问答环节，公司正式商务会议以及NFM伯克希尔野餐会。5月1日周日的具体安排为：“投资自己”五公里赛跑以及股东专享购物日。今年这场股东大会，最受瞩目的无疑是问答环节。现场股东将被随机抽选，CNBC的记者将整理无法出席会议的股东提问，并摘选出那些她认为人们最感兴趣的问题。巴菲特将给予股东们充分的自由度。巴菲特在邀请函中表示，任何被抽到的现场股东，只需走到现场11个麦克风前的任何一个，就可以进行提问。2、晚年遭到“弹劾” 退休计划会成真吗？就在上周，全美最大的州立公共养老基金加州公务员退休基金 CalPERS 披露，打算投票支持伯克希尔哈撒韦公司的一项股东提议——解除巴菲特的董事长职位。该基金持有超过4500亿美元的总资产，包括约23亿美元的伯克希尔哈撒韦公司股票。该公司股东之一的美国国家法律和政策中心，呼吁设立独立的董事长，称董事长和首席执行官由同一名官员担任，削弱了公司的治理结构。根据该提案，巴菲特可继续担任CEO。但伯克希尔董事会反对解除巴菲特董事长职位这一提议，该董事会上个月表示，“只要巴菲特担任伯克希尔哈撒韦公司的CEO，他就应该继续担任董事长兼CEO”。该提议看起来面临一场艰难的斗争。除了董事会的否决以外，巴菲特本人就持有该公司32%的投票权益。然而半个月前，在接受前CBS知名主持人查理·罗斯专访时，巴菲特也承认，年龄已经开始对他造成了一些影响，偶尔会“忘了名字，无法像以前那样快速阅读”。他称自己是一台“正在腐烂的机器”，但仍然“感觉很棒”。因此，有华尔街分析人士猜测，在今年的股东大会上，巴菲特或许会给出退休时间表，并最终确认伯克希尔未来的接班人。3、两位“潜在接班人”首次亮相股东大会不仅是巴菲特和芒格将再度搭档亮相，被业内看做巴菲特“潜在接班人”的 Greg Abel 和 Ajit Jain 也将一道出席。2018年1月，巴菲特提拔了这两名高管担任伯克希尔董事会成员。去年5月3日，巴菲特在接受CNBC采访时承认：“董事们一致同意，如果我卸任，将由伯克希尔非保险业务的副董事长Greg Abel接任CEO。”现年59岁的Abel从1992年开始在一家名为CalEnergy的小型电力公司工作，1998年成为该公司的总裁，并将公司更名为中美能源控股公司。这家公司在2000年被伯克希尔哈撒韦公司收购，现在为伯克希尔·哈撒韦能源公司（BHE）。Abel从2008年到2018年担任该公司的CEO，现在为董事长。据《福布斯》报道，Abel持有伯克希尔哈撒韦能源公司1%的股份，价值约4.8亿美元，占他净资产的大部分。他还拥有一个信托基金，在该基金中他拥有5股伯克希尔哈撒韦公司的A类股，他还为家庭成员保管了2363股的B类股。他的A类股票价值约280万美元，B类股票价值超过40万美元。见闻君曾提及，与巴菲特和芒格不同，生性低调的Abel不喜欢站在聚光灯下。尽管如此，并购交易方面的出色表现仍让外界对他印象深刻。他的朋友曾这么形容：“他的生活就是工作，他把自己的才能隐藏在谦逊的态度背后”。Abel自己也并不年轻了。因此，巴菲特想让他担任伯克希尔哈撒韦公司的CEO也许是有道理的。另一位接班人是伯克希尔哈撒韦公司保险业务的副董事长Ajit Jain。巴菲特此前坦言，伯克希尔董事会已经对谁应该立刻接班CEO达成了共识：如果我今晚发生什么事，Greg将在第二天早上接替CEO。如果Greg发生什么，另一位副董事长Ajit将接替。4、巴菲特近期频频出手 会如何解释投资逻辑？今年以来，全球市场值多事之秋。自俄乌冲突爆发以来，擅长利用市场动荡挖掘机会的巴菲特，持续买入西方石油公司的股票，持股累计达到1.364亿股，占西方石油在外流通股票的14.6%，价值超过72亿美元。不久之后，巴菲特再度出手，将以116亿美元收购保险公司Alleghany，这是巴菲特六年来最大的一笔收购。在狂买石油股、收购保险公司后，巴菲特再次买入1.21亿股惠普股票。这笔投资使伯克希尔获得了惠普约11.4%的股份，成为这家个人电脑和打印机制造商的最大股东。据Business Insider报道，投资公司Edward Jones的高级股票分析师James Shanahan预计，明年还会实现另外两笔交易。伯克希尔哈撒韦可能会斥资约40亿美元，在2023年初将其对全美最大卡车休息站运营商 Pilot Flying J 的股权提高到80%。此外，该公司可能很快就会收购 Walter Scott Jr. 家族持有的伯克希尔哈撒韦能源公司8%的股份。Shanahan说，这将使其持股比例超过99%。这使得伯克希尔哈撒韦公司在18个月内的投资可能超过330亿美元，超过其在2020年投入股市的300亿美元。截至2021年底，伯克希尔哈撒韦账面上的现金达到1440亿美元。但无论如何，伯克希尔可能仍难以减少其现金储备。Shanahan指出，该公司每五个季度产生约330亿美元的自由现金流：除非有其他的投资，否则到2023年中期，伯克希尔很有可能仍持有1500亿美元的现金。本周，Shanahan将该股评级下调至“持有”，并声称其当前股价已经反映出，该股今年的表现可能优于其金融服务业同行。在即将召开的股东大会上，巴菲特或许会对近期的投资动作给予更详细的回应，并透露其对未来的投资展望与计划。巴菲特最近称这次会议是“非常、非常重要的会议”。5、“奥马哈先知”绝非浪得虚名巴菲特对股票和市场的多次准确预测为他赢得了“奥马哈先知”（Oracle of Omaha）的绰号。2011年，美国银行遭受了次贷危机的余震，股价从前一年的每股19美元跌至每股7美元，巴菲特嗅到了机会的味道，购买了50亿美元的美国银行优先股。这些优先股附有认股权证，巴菲特可以以每股7.14美元的价格购买7亿股美国银行股票。当巴菲特在2017年行权时，他赚了120亿美元。1974年末，当道琼斯指数跌破600点时，巴菲特对《福布斯》表示，他认为“现在就是开始投资的时候了”。到那次采访发表时，道琼斯指数已经上涨了近15%，达到660点。这一预言尤其突显了巴菲特的投资哲学：在别人贪婪时恐惧，在别人恐惧时贪婪。每当巴菲特发言时，全世界都在屏息聆听。这一次，也让我们共同将目光聚焦在这一传奇人物的身上。6、温习下巴菲特和芒格的经典语录这场被誉为“投资界的春晚”的股东大会，最受瞩目的是现年92岁的巴菲特和98岁的芒格将再度搭档，与全球投资者分享他们的投资智慧。在此之前，让我们一起回忆一下芒格、巴菲特的睿智投资观点。   1）芒格的20条经典语录投资智慧1、人们算计得太多，而思考得太少。2、值得注意的是，像我们这样的人通过努力不变得愚蠢，而不是努力变得非常聪明，获得了多少长期优势！3、一般来说，嫉妒、怨恨和自怜都是灾难性的思维方式。过度自怜让人近乎偏执，而偏执是最难逆转的事情之一，我们不要陷入自怜的情绪中。4、什么是基本的、普世的智慧？第一条规则是，如果你只是记住孤立的事实，把他们硬凑起来，你就不可能真正理解任何事情。如果这些事实没有被整理进记忆网格中，它们就以不可使用的形式存在。你必须在你的大脑中建立模型。财富创造1、赚大钱，不在于买卖，而重在等待。2、成功的秘诀是什么？“理性”。3、要想得到你想要的东西，最好的办法是让自己配得上它。4、如果我知道我会死在哪里，我将永远不会去那个地方。学习的重要性1、没有万能公式，你需要了解很多关于商业、人性以及数字的知识，别指望有一个神奇的系统可以为你完成这些工作。2、如果你轻车熟路地走上跨学科的道路，你将永远不想往回走，因为那就像砍断你的双手一样。3、在我的一生中，认识的所有聪明人，没有一个不每天阅读的——没有，一个都没有。而沃伦读书之多，可能会让你感到吃惊，他是一本长了两条腿的书。4、试着每天起床前比昨天睡觉前聪明一点，一天又一天，如果你足够长寿，到头来你会得到你应得的东西。能力圈理论1、知道自己不知道的比聪明更有用。2、如果事情太难了，我们就跳过去换一个，还有什么比做到这一点更简单吗？3、你不需要很聪明，只需要在很长很长的时间内保持比其他人聪明一点点就够了。4、有三个篮筐，分别是：进入、退出和太难，我们必须有足够的洞察力，否则我们就错误投进“太难”的篮子里。生活准则1、“模仿牛群”会使人回归平庸。2、生活就像一场扑克游戏，即使有时候你会拿到一把非常喜欢的牌，但也要必须学会放弃。3、要学会把事情颠倒过来考虑，从后面来看，逆向思维会帮助你发现很多问题。4、人生就是一连串的 \"机会成本\"，你要与你能找到的最好的人结婚，这与投资多么相似啊！2）巴菲特的15条投资箴言1、第一条规则是永远不要赔钱，第二条规则是牢记第一条规则。巴菲特的黄金法则，任何投资者在决定将资金投入市场时，都应该把保本作为首要任务。换句话说，保持理性。2、有人今天坐在树荫下，是因为他很久以前种了一棵树。巴菲特长期投资理念的核心支柱。在生活和投资中，必须思考事物的发展轨迹。3、如果你不愿意拥有一只股票十年，那就不要考虑拥有它十分钟。巴菲特处理主动和被动投资的最佳洞察。4、无论我们是谈论袜子还是股票，我都喜欢在低价时购买优质商品。价值投资的内核，寻找被低估的公司进行投资。5、以合理的价格买入一家优秀的公司，胜于低价买入一家平庸的公司。寻找被低估的公司不是唯一的标准，还要看股票基本面，判断公司是否出色。6、风险来自于你不知道自己在做些什么。一点研究就能减少很多风险，多了解市场。7、永远不要投资你无法理解的业务。了解资产的收益和风险后，再尝试投资它。8、最好的投资就是投资自己 。投资两件事：你赚钱的能力和让钱为你工作的能力。工作有一定的时间限制，但金钱可以全天候、永久地“工作”。9、永远不要依赖于单一收入，用投资创造第二收入来源。多元化、长期投资是成功的秘诀。10、别人贪婪时我恐惧，别人恐惧时我贪婪。人是非理性的。11、不要因为你认为明天会找到更好的东西，而放弃今天有吸引力的东西。一鸟在手胜过两鸟在林。12、资本配置的最佳机会是在情况恶化时。市场低迷是寻找被低估的优秀公司的最佳时机。13、当潮水退去才知道谁在裸泳。当短期非理性的市场因素退去后，才会知道谁是在投资，谁是在投机。14、保护好你的信誉，这比金钱更重要。诚信为本。15、第一大投资原则是独立思考和内心的平静。","news_type":1,"symbols_score_info":{"BRK.B":0.9,"BRK.A":0.9}},"isVote":1,"tweetType":1,"viewCount":5022,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9011858261,"gmtCreate":1648857196180,"gmtModify":1676534410506,"author":{"id":"3586771609683476","authorId":"3586771609683476","name":"JackJiang","avatar":"https://static.tigerbbs.com/21d7e0d2a9c7ff66594d11d8cc825e95","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3586771609683476","idStr":"3586771609683476"},"themes":[],"title":"","htmlText":"Ok&nbsp;","listText":"Ok&nbsp;","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9011858261","repostId":"1165033782","repostType":4,"isVote":1,"tweetType":1,"viewCount":4466,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9097800954,"gmtCreate":1645402723531,"gmtModify":1676534024115,"author":{"id":"3586771609683476","authorId":"3586771609683476","name":"JackJiang","avatar":"https://static.tigerbbs.com/21d7e0d2a9c7ff66594d11d8cc825e95","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3586771609683476","idStr":"3586771609683476"},"themes":[],"title":"","htmlText":"👌","listText":"👌","text":"👌","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9097800954","repostId":"1124602561","repostType":4,"isVote":1,"tweetType":1,"viewCount":5688,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9993367733,"gmtCreate":1660628603325,"gmtModify":1676536368894,"author":{"id":"3586771609683476","authorId":"3586771609683476","name":"JackJiang","avatar":"https://static.tigerbbs.com/21d7e0d2a9c7ff66594d11d8cc825e95","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3586771609683476","idStr":"3586771609683476"},"themes":[],"title":"","htmlText":"Noted","listText":"Noted","text":"Noted","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9993367733","repostId":"1166587707","repostType":2,"repost":{"id":"1166587707","kind":"news","pubTimestamp":1660612662,"share":"https://ttm.financial/m/news/1166587707?lang=en_US&edition=fundamental","pubTime":"2022-08-16 09:17","market":"us","language":"zh","title":"The \"big shorts\" have liquidated their positions! What signal?","url":"https://stock-news.laohu8.com/highlight/detail?id=1166587707","media":"华尔街见闻","summary":"他再次告诫投资者，不要对最近的美股反弹太过兴奋。","content":"<p><html><head></head><body>After making comments about a collapse in the second quarter, Michael Bury, the prototype of \"The Big Short,\" matched his words and actions, and immediately sold off almost all of his stock holdings. Now, amid an unprecedented rebound in US stocks, he once again warned investors not to get too excited about the recent rebound in US stocks. Michael Burry, the inspiration for the movie \"The Big Short,\" virtually withdrew from the stock market, holding only one stock by the end of the second quarter.</p><p>Michael Berry is known for shorting the U.S. housing market before the 2008 financial crisis. In recent years, he has been issuing pessimistic predictions. In late May of this year, Michael Berry posted a tweet warning that a crisis similar to that of 2008 could repeat itself and that a large-scale market crash was imminent.</p><p>At the time, the US stock market was shrouded in gloom, with the Federal Reserve's aggressive rate hike and concerns about a recession exacerbating investor anxiety. They began seeking guidance from Berry's tweets about recession predictions, which earned Berry a \"...\"<b>recession man</b>The title \"\" has become popular again after 14 years.</p><p><b>After making his crash remarks, Bury matched his words and actions, and immediately sold almost all of his stock holdings.</b></p><p>On Monday, a document disclosed by the U.S. Securities and Exchange Commission (SEC) showed that...<b>As of June 30, Scion Asset, the hedge fund firm managed by Bury, held shares in only one company—GEO Group (GEO), a private prison operator.</b></p><p>GEO's stock price rose 11% upon hearing the news. The announcement shows that as of the end of the second quarter, Scion held 3.3 million shares of the company's stock.</p><p>Previous announcements indicated that as of the end of March,<b>Scion holds more than $165 million worth of stock, including Alphabet.</b>(Google)<b>Booking Holdings</b>(BKNG)<b>,Meta Platforms</b>(Goal)<b>and Bristol-Myers Squibb</b>(Bristol Myers-Squibb, BMY).<img src=\"https://static.tigerbbs.com/b3438164acab843b23dea547ba4b495f\" tg-width=\"780\" tg-height=\"513\" referrerpolicy=\"no-referrer\"/>Last week, the U.S. stock market rebound reached another milestone, with the Nasdaq rising more than 20% from its low reached in mid-June, ending its longest bear market since 2008.</p><p>However, Bury again cautioned investors not to get too excited about the recent rebound in US stocks, as the stock market will experience many temporary rebounds before bottoming out.</p><p>He pointed out, \"This situation occurred seven times after 2000, during the Nasdaq index's cumulative decline of 78% to its 2002 low.\"</p><p>He tweeted,<b>The \"stupid\" feeling that caused the huge bubbles in the markets of 1929, 1968, and 2000 has disappeared.</b></p><p><b>But the feeling of \"stupidity\" similar to that before Enron, 9/11, and WorldCom has resurfaced.</b>The WorldCom incident refers to the accounting scandal at WorldCom before the bursting of the dot-com bubble, reflecting the turmoil in the telecommunications industry at the time.<img src=\"https://static.tigerbbs.com/9ead54935d433798b965b488cf677c31\" tg-width=\"586\" tg-height=\"749\" referrerpolicy=\"no-referrer\"/></p><p></body></html></p>","source":"highlight_wallstreetcn","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>The \"big shorts\" have liquidated their positions! What signal?</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: 12.5px; color: #7E829C; margin: 0;}\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\">\nThe \"big shorts\" have liquidated their positions! What signal?\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">华尔街见闻</strong><span class=\"h-time small\">2022-08-16 09:17</span>\n</p>\n</h4>\n</header>\n<article>\n<p><html><head></head><body>After making comments about a collapse in the second quarter, Michael Bury, the prototype of \"The Big Short,\" matched his words and actions, and immediately sold off almost all of his stock holdings. Now, amid an unprecedented rebound in US stocks, he once again warned investors not to get too excited about the recent rebound in US stocks. Michael Burry, the inspiration for the movie \"The Big Short,\" virtually withdrew from the stock market, holding only one stock by the end of the second quarter.</p><p>Michael Berry is known for shorting the U.S. housing market before the 2008 financial crisis. In recent years, he has been issuing pessimistic predictions. In late May of this year, Michael Berry posted a tweet warning that a crisis similar to that of 2008 could repeat itself and that a large-scale market crash was imminent.</p><p>At the time, the US stock market was shrouded in gloom, with the Federal Reserve's aggressive rate hike and concerns about a recession exacerbating investor anxiety. They began seeking guidance from Berry's tweets about recession predictions, which earned Berry a \"...\"<b>recession man</b>The title \"\" has become popular again after 14 years.</p><p><b>After making his crash remarks, Bury matched his words and actions, and immediately sold almost all of his stock holdings.</b></p><p>On Monday, a document disclosed by the U.S. Securities and Exchange Commission (SEC) showed that...<b>As of June 30, Scion Asset, the hedge fund firm managed by Bury, held shares in only one company—GEO Group (GEO), a private prison operator.</b></p><p>GEO's stock price rose 11% upon hearing the news. The announcement shows that as of the end of the second quarter, Scion held 3.3 million shares of the company's stock.</p><p>Previous announcements indicated that as of the end of March,<b>Scion holds more than $165 million worth of stock, including Alphabet.</b>(Google)<b>Booking Holdings</b>(BKNG)<b>,Meta Platforms</b>(Goal)<b>and Bristol-Myers Squibb</b>(Bristol Myers-Squibb, BMY).<img src=\"https://static.tigerbbs.com/b3438164acab843b23dea547ba4b495f\" tg-width=\"780\" tg-height=\"513\" referrerpolicy=\"no-referrer\"/>Last week, the U.S. stock market rebound reached another milestone, with the Nasdaq rising more than 20% from its low reached in mid-June, ending its longest bear market since 2008.</p><p>However, Bury again cautioned investors not to get too excited about the recent rebound in US stocks, as the stock market will experience many temporary rebounds before bottoming out.</p><p>He pointed out, \"This situation occurred seven times after 2000, during the Nasdaq index's cumulative decline of 78% to its 2002 low.\"</p><p>He tweeted,<b>The \"stupid\" feeling that caused the huge bubbles in the markets of 1929, 1968, and 2000 has disappeared.</b></p><p><b>But the feeling of \"stupidity\" similar to that before Enron, 9/11, and WorldCom has resurfaced.</b>The WorldCom incident refers to the accounting scandal at WorldCom before the bursting of the dot-com bubble, reflecting the turmoil in the telecommunications industry at the time.<img src=\"https://static.tigerbbs.com/9ead54935d433798b965b488cf677c31\" tg-width=\"586\" tg-height=\"749\" referrerpolicy=\"no-referrer\"/></p><p></body></html></p>\n<div class=\"bt-text\">\n\n\n<p> source：<a href=\"https://wallstreetcn.com/articles/3667789\">华尔街见闻</a></p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/997ee3b8a077e123f2a230d24cf88db4","relate_stocks":{".DJI":"道琼斯"},"source_url":"https://wallstreetcn.com/articles/3667789","is_english":false,"share_image_url":"https://static.laohu8.com/cc96873d3d23ee6ac10685520df9c100","article_id":"1166587707","content_text":"在二季度发布崩盘的言论后，《大空头》原型迈克尔•伯里言行一致，随即就几乎悉数出清了所持股票。如今在美股空前反弹之际，他再次告诫投资者，不要对最近的美股反弹太过兴奋。电影《大空头》的原型迈克尔•伯里(Michael Burry)几乎撤离了股市，至第二季度末仅持有一只股票。迈克尔•伯里因在2008年金融危机前做空美国房市而闻名，近几年他一直在陆续发布悲观的预测，今年5月下旬，迈克尔•伯里发布推文警告类似2008年那样的危机可能重演，一场大规模的市场崩盘即将到来。当时正值美股“阴云密布”，美联储激进加息以及对衰退的担忧，加剧了投资者的紧张情绪，他们开始从伯里那些关于衰退预测的推文中寻求指引，伯里也因此获得了“recession man”的称号，时隔14年重新翻红。在发布崩盘的言论后，伯里言行一致，随即就几乎悉数出清了所持股票。周一，美国证券交易委员会(SEC)披露的一份文件显示，截至6月30日，伯里掌管的对冲基金公司Scion Asset旗下只持有一家公司的股票——私人监狱运营商GEO Group (GEO)。GEO的股价闻讯上涨了11%。该公告显示，截至第二季度末，Scion持有330万股该公司的股票。之前的公告显示，截至3月底，Scion持有价值超过1.65亿美元的股票，包括Alphabet(GOOGL)、Booking Holdings(BKNG)、Meta Platforms(META)和百时美施贵宝(Bristol Myers-Squibb, BMY)。上周，美股的反弹达到了又一个里程碑，纳指较6月中旬触及的低点上涨超过20%，结束了自2008年以来持续时间最长的一轮熊市。但伯里再次告诫投资者，不要对最近的美股反弹太过兴奋，因为股市在触底之前都会出现很多次暂时性的反弹。他指出：“2000年之后，纳斯达克指数在累计下跌78%至2002年低点的过程中，曾七次出现这种的情形。”他发推文称，在1929年、1968年、2000年市场上出现过的导致巨大泡沫的“愚蠢”感觉，已经消失了。但类似安然公司事件、911事件、世通事件前的那种“愚蠢”感觉却死灰复燃。世通事件指的是互联网泡沫破灭前，世通公司的会计丑闻，反映出当时电信行业的躁动。","news_type":1,"symbols_score_info":{".DJI":0.9}},"isVote":1,"tweetType":1,"viewCount":4500,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9060256524,"gmtCreate":1651157314175,"gmtModify":1676534860749,"author":{"id":"3586771609683476","authorId":"3586771609683476","name":"JackJiang","avatar":"https://static.tigerbbs.com/21d7e0d2a9c7ff66594d11d8cc825e95","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3586771609683476","idStr":"3586771609683476"},"themes":[],"title":"","htmlText":"Ok👍","listText":"Ok👍","text":"Ok👍","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9060256524","repostId":"1130065805","repostType":4,"isVote":1,"tweetType":1,"viewCount":4506,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9011853311,"gmtCreate":1648857111338,"gmtModify":1676534410426,"author":{"id":"3586771609683476","authorId":"3586771609683476","name":"JackJiang","avatar":"https://static.tigerbbs.com/21d7e0d2a9c7ff66594d11d8cc825e95","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3586771609683476","idStr":"3586771609683476"},"themes":[],"title":"","htmlText":"Ok&nbsp;","listText":"Ok&nbsp;","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9011853311","repostId":"1130356803","repostType":4,"repost":{"id":"1130356803","kind":"news","pubTimestamp":1648821026,"share":"https://ttm.financial/m/news/1130356803?lang=en_US&edition=fundamental","pubTime":"2022-04-01 21:50","market":"us","language":"zh","title":"Wang Chuanfu: The current surge in raw material prices is a challenge the industry needs to overcome.","url":"https://stock-news.laohu8.com/highlight/detail?id=1130356803","media":"上海证券报","summary":"建议全面梳理碳酸锂资源布局和产能，增加国内开采量和国外进口量。","content":"<p><div>Shanghai Securities News (Reporter Qiu Dekun) - On the afternoon of April 1, BYD held an online briefing on its 2021 annual report. BYD Chairman Wang Chuanfu stated, \"The current soaring raw material prices are a challenge the industry needs to overcome. We recommend a comprehensive review of the lithium carbonate resource layout and production capacity, increasing domestic mining and imports, maintaining market supply and demand, stabilizing price expectations, and promoting the healthy and safe development of the industry.\" Wang Chuanfu explained that globally, achieving carbon peaking and carbon neutrality in addressing climate change is a global consensus, but behind the explosive growth of the new energy vehicle market, the industry faces challenges such as the pandemic...</p><p><a href=\"https://news.cnstock.com/news,bwkx-202204-4856332.htm\">Web page link</a></div></p>","source":"shzqb","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>Wang Chuanfu: The current surge in raw material prices is a challenge the industry needs to overcome.</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: 12.5px; color: #7E829C; margin: 0;}\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\">\nWang Chuanfu: The current surge in raw material prices is a challenge the industry needs to overcome.\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">上海证券报</strong><span class=\"h-time small\">2022-04-01 21:50</span>\n</p>\n</h4>\n</header>\n<article>\n<p><div>Shanghai Securities News (Reporter Qiu Dekun) - On the afternoon of April 1, BYD held an online briefing on its 2021 annual report. BYD Chairman Wang Chuanfu stated, \"The current soaring raw material prices are a challenge the industry needs to overcome. We recommend a comprehensive review of the lithium carbonate resource layout and production capacity, increasing domestic mining and imports, maintaining market supply and demand, stabilizing price expectations, and promoting the healthy and safe development of the industry.\" Wang Chuanfu explained that globally, achieving carbon peaking and carbon neutrality in addressing climate change is a global consensus, but behind the explosive growth of the new energy vehicle market, the industry faces challenges such as the pandemic...</p><p><a href=\"https://news.cnstock.com/news,bwkx-202204-4856332.htm\">Web page link</a></div></p>\n<div class=\"bt-text\">\n\n\n<p> source：<a href=\"https://news.cnstock.com/news,bwkx-202204-4856332.htm\">上海证券报</a></p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/321df3e7f5d871ff7f9e8782901189ee","relate_stocks":{"01211":"比亚迪股份","002594":"比亚迪","00285":"比亚迪电子"},"source_url":"https://news.cnstock.com/news,bwkx-202204-4856332.htm","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1130356803","content_text":"上证报中国证券网讯（记者 邱德坤）4月1日下午，比亚迪2021年年度报告网上说明会召开。比亚迪董事长王传福表示：“眼下的原材料价格暴涨是行业需要克服的挑战，建议全面梳理碳酸锂资源布局和产能，增加国内开采量和国外进口量，维护市场供需，稳定价格预期，促进行业健康安全发展。”王传福介绍，从全球范围来看，应对气候变化实现碳达峰、碳中和目标是全球共识，但新能源汽车市场爆发式增长的背后，行业面临疫情、原材料价格暴涨、供应链不稳定等严峻挑战。“安全是新能源汽车发展的基石，成本是必须要面对的一项重要指标”。王传福认为，有些东西刚开始做可能贵一点，但是只要规模化以后会把成本降下来。当新能源汽车的性能迈过一定门槛后，对于动力电池能量密度的重要性在降低，取而代之的最重要指标是安全、成本、循环寿命等。王传福表示，中国不可能从燃油车时代被石油卡脖子，变成电动车时代被钴、镍等金属卡脖子。磷酸铁锂不含稀有金属，更加匹配社会资源承受度。","news_type":1,"symbols_score_info":{"002594":0.9,"01211":0.9,"00285":0.9}},"isVote":1,"tweetType":1,"viewCount":4744,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9011859872,"gmtCreate":1648857076646,"gmtModify":1676534410391,"author":{"id":"3586771609683476","authorId":"3586771609683476","name":"JackJiang","avatar":"https://static.tigerbbs.com/21d7e0d2a9c7ff66594d11d8cc825e95","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3586771609683476","idStr":"3586771609683476"},"themes":[],"title":"","htmlText":"👍","listText":"👍","text":"👍","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9011859872","repostId":"1106667215","repostType":4,"repost":{"id":"1106667215","kind":"news","pubTimestamp":1648828221,"share":"https://ttm.financial/m/news/1106667215?lang=en_US&edition=fundamental","pubTime":"2022-04-01 23:50","market":"sh","language":"zh","title":"Meng Wanzhou serves as Huawei's rotating chairman.","url":"https://stock-news.laohu8.com/highlight/detail?id=1106667215","media":"新浪科技","summary":"4月1日晚间消息，华为官网最新信息显示，华为CFO孟晚舟担任华为副董事长、轮值董事长。","content":"<p><html><head></head><body>According to the latest information on Huawei's official website on the evening of April 1, Huawei CFO Meng Wanzhou has been appointed as Huawei's vice chairman and rotating chairman.</p><p><img src=\"https://static.tigerbbs.com/d136391ef7e8cf16433d8f2af0b10fc3\" tg-width=\"630\" tg-height=\"968\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p></body></html></p>","source":"lsy1635144614083","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>Meng Wanzhou serves as Huawei's rotating chairman.</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: 12.5px; color: #7E829C; margin: 0;}\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\">\nMeng Wanzhou serves as Huawei's rotating chairman.\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">新浪科技</strong><span class=\"h-time small\">2022-04-01 23:50</span>\n</p>\n</h4>\n</header>\n<article>\n<p><html><head></head><body>According to the latest information on Huawei's official website on the evening of April 1, Huawei CFO Meng Wanzhou has been appointed as Huawei's vice chairman and rotating chairman.</p><p><img src=\"https://static.tigerbbs.com/d136391ef7e8cf16433d8f2af0b10fc3\" tg-width=\"630\" tg-height=\"968\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p></body></html></p>\n<div class=\"bt-text\">\n\n\n<p> source：<a href=\"https://finance.sina.com.cn/tech/2022-04-01/doc-imcwiwss9459519.shtml\">新浪科技</a></p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/a15bffc99387ca14cc717ab1f1c37fcd","relate_stocks":{},"source_url":"https://finance.sina.com.cn/tech/2022-04-01/doc-imcwiwss9459519.shtml","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1106667215","content_text":"4月1日晚间消息，华为官网最新信息显示，华为CFO孟晚舟担任华为副董事长、轮值董事长。","news_type":1,"symbols_score_info":{}},"isVote":1,"tweetType":1,"viewCount":4066,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9095828707,"gmtCreate":1644884039503,"gmtModify":1676533971310,"author":{"id":"3586771609683476","authorId":"3586771609683476","name":"JackJiang","avatar":"https://static.tigerbbs.com/21d7e0d2a9c7ff66594d11d8cc825e95","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3586771609683476","idStr":"3586771609683476"},"themes":[],"title":"","htmlText":"Good👍","listText":"Good👍","text":"Good👍","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9095828707","repostId":"1143952641","repostType":4,"repost":{"id":"1143952641","kind":"news","pubTimestamp":1644830183,"share":"https://ttm.financial/m/news/1143952641?lang=en_US&edition=fundamental","pubTime":"2022-02-14 17:16","market":"us","language":"zh","title":"The \"lover\" of the Oracle of Omaha: After six years together, where did Buffett fall in love with Apple?","url":"https://stock-news.laohu8.com/highlight/detail?id=1143952641","media":"36氪财经","summary":"入股苹果，巴菲特大赚1341亿美元。","content":"<p><html><head></head><body>Author | Lin Yulian</p><p>For decades, Buffett has long favored the consumer and financial sectors, but has not been keen on investing in technology stocks. However, since January 2016<a href=\"https://laohu8.com/S/AAPL\">Apple</a>This leading global technology company has become a \"favorite\" of Warren Buffett and currently occupies a significant portion of Buffett's companies.<a href=\"https://laohu8.com/S/BRK.A\">Berkshire</a>42.73% of the portfolio position. From scoffing at tech stocks to now spending his largest position buying Apple, after six years of \"holding hands,\" what exactly has Buffett fallen in love with about Apple?</p><p>Buffett is optimistic that most companies have competitive advantages and excellent management teams. Aside from product strength and management, Apple's unique features lie in its strong consumer attributes as a technology stock, as well as its outstanding return on equity for many consecutive years. As Apple's stock price soared, Buffett made a fortune, and the $134.1 billion in returns from his investment in Apple helped Berkshire Hathaway withstand the negative impact of the pandemic.</p><p>Currently, Berkshire Hathaway's market capitalization has exceeded $700 billion. With the Federal Reserve's rate hike expectations looming over the market, will this world-class insurance group, which has long operated on an \"investment + insurance\" model, become the fifth trillion-dollar company?</p><p><b>Investing in Apple: Berkshire's Third Largest Business</b></p><p>In February 2020, Buffett admitted in a CNBC interview that Apple may be the best company in the world, and that it is not just a stock, but also Berkshire Hathaway's third business. At the beginning of this year, Apple's stock price once rose to a record high of $182.94 per share, becoming the world's first giant company to reach a market capitalization of $3 trillion, attracting market attention.</p><p>As of February 11, Apple closed at $168.64, with a total market capitalization of $2.75 trillion, exceeding the UK's 2020 GDP of $2.71 trillion and equivalent to 7.5 Moutai.</p><p><img src=\"https://static.tigerbbs.com/fc05273ee76ab1ecf41ca6859e0ddcd7\" tg-width=\"550\" tg-height=\"339\" referrerpolicy=\"no-referrer\"/></p><p>Warren review is undoubtedly the biggest winner among the many investors who have heavily invested in Apple. Warren Buffett's acquisition of Apple dates back to 2016, when his potential successors, investment managers Todd Combs and Ted Wessler, guided their funds to purchase 9.81 million Apple shares. After receiving Buffett's approval, Berkshire Hathaway began to invest heavily in Apple.</p><p>Since holding the position, Berkshire Hathaway has also sold some Apple shares. In 2020, Apple's stock price halved, and Buffett slightly reduced his holdings in the third quarter, earning $11 billion in revenue. As of January 3, 2022, Berkshire Hathaway held a total of 908 million Apple shares, representing a 5.56% stake. Based on the stock price on that day, the value of the shares was $165.3 billion. After deducting the cumulative investment of $31.089 billion in 2020, it made a profit of more than $134.1 billion, which aroused the envy of the market.</p><p><img src=\"https://static.tigerbbs.com/2b6123aa7605eb1074af7e2a93fafeb9\" tg-width=\"550\" tg-height=\"240\" referrerpolicy=\"no-referrer\"/>Data source: CNBC<img src=\"https://static.tigerbbs.com/236f8ead633b3024a9f008d243b983b1\" tg-width=\"550\" tg-height=\"84\" referrerpolicy=\"no-referrer\"/>Data source: Company financial reports;<a href=\"https://laohu8.com/S/KRKR\">36Kr</a>charting</p><p>Due to the impact of the pandemic, Berkshire Hathaway's two pillar businesses—insurance and railroads—were severely impacted, but its investment in Apple helped the company weather the COVID-19 shock smoothly. In just one year, 2021, Apple's stock price surged 33%, and today Apple is the company with the largest stake in Berkshire Hathaway's portfolio, with a position of over 40%. In 2021, Berkshire Hathaway's stock price rose 30%, slightly more than the S&P 500's 27% gain.</p><p><img src=\"https://static.tigerbbs.com/acd8a53bdd5ff0b54b22563a8a3a4de9\" tg-width=\"550\" tg-height=\"366\" referrerpolicy=\"no-referrer\"/>Apple's cumulative total returns over the past five years have outperformed the S&P 500 and Nasdaq indices. Data source: Apple financial reports.</p><p>Why is Warren Buffett, who has always scoffed at tech stocks, willing to hold Apple for the long term? At the shareholders' meeting in May 2021, Buffett revealed the core reasons for his optimism about Apple: \"Apple is an extraordinary company. They have excellent management, their products have loyal fans around the world, Apple's brand and products are outstanding, and its profit margins are very high. At the same time, mobile phones are an indispensable necessity in the lives of all young people.\"</p><p>In addition, a company with a ROE (return on equity) of 20%-30% for a considerable period of time can be considered an excellent company, while only companies with an ROE of no less than 20% and stable growth can enter Buffett's investment scope. A closer look at Apple's financial indicators reveals that its ROE is equally impressive, exceeding 30% for five consecutive years and continuing to grow. For Warren Buffett, who places great importance on ROE in stock selection, this undoubtedly greatly increases his leverage.</p><p><img src=\"https://static.tigerbbs.com/8a29f13184edf57b9af5676e5d5dc18b\" tg-width=\"550\" tg-height=\"331\" referrerpolicy=\"no-referrer\"/>Data Source:<a href=\"https://laohu8.com/S/300033\">Tonghuashun</a>； 36Kr Graphics</p><p><b>Buffett's Investment Strategy: Firmly Believe in Value</b></p><p>Since the 1950s, Buffett's name has resonated throughout the investment world, becoming a legendary myth. In 2021, Warren Buffett ranked sixth on the Forbes list with a net worth of $96 billion.</p><p>Warren Buffett has always advocated the concept of value investing. After the US stock market crash in 1929, value investing was first proposed by Wall Street godfather Graham in Securities Analysis, also known as \"picking up cigarette butts\": cigarette butts left over from smoking are yellowed and moldy, but if you can get a free puff, they have unparalleled value. The core of value investing is a sufficiently high margin of safety, and only by holding it for the long term can one obtain safe and stable returns.</p><p>Buffett was captivated by his book \"The Intelligent Investor\" at the age of 19, and later went to Columbia University to become a student of Graham, where he was influenced by Graham's investment philosophy throughout his life. Buffett's investment logic is also very clear: discover valuable but undervalued companies and then hold shares in those companies for the long term. \"If you're not prepared to hold a stock for ten years, then don't hold it for even ten minutes.\"</p><p>Buffett's holdings directly confirm the above statement. As of the end of 2019, Berkshire Hathaway owned seven stocks held for more than 15 years, namely:<a href=\"https://laohu8.com/S/WPO\">The Washington Post</a>、<a href=\"https://laohu8.com/S/KO\">Coca-Cola</a>、<a href=\"https://laohu8.com/S/WFC\">Wells Fargo Bank</a>Procter & Gamble,<a href=\"https://laohu8.com/S/AXP\">American Express</a>company,<a href=\"https://laohu8.com/S/MCO\">Moody's</a>Company, GEICO Insurance. He held The Washington Post for 41 years and GEICO Insurance for 44 years.</p><p>In terms of industry selection, Buffett tends to prefer traditional industries with stable competitive landscapes, such as finance, consumer goods, and utilities. At the company level, Buffett values whether a company has a competitive advantage and excellent management, as well as whether it has advantages in areas such as brand, product features, and business model cost control. The so-called moat characteristics are specifically manifested in large scale, consistent profitability, high ROE with low debt, and simple business operations.</p><p>According to its third-quarter holdings report (13F) as of September 30, 2021, Berkshire's top five holdings were Apple,<a href=\"https://laohu8.com/S/BAC\">Bank of America</a>American Express, Coca-Cola,<a href=\"https://laohu8.com/S/KHC\">Kraft Heinz</a>They accounted for 42.78%, 14.61%, 8.65%, 7.15%, and 4.09% of the portfolio, respectively.</p><p><b>Berkshire Hathaway: The next trillion-dollar company?</b></p><p>Berkshire Hathaway, as one of the world's leading insurance groups, can be traced back to Valley Falls Company, founded in Valley Falls, Rhode Island in 1939. Over the years, Valley Falls has merged with other companies time and time again, eventually becoming a textile factory with 15 factories and more than 12,000 workers. It is the early Berkshire Hathaway. By the end of the 20th century, Berkshire Hathaway was on the verge of bankruptcy amid a series of factory closures and layoffs.</p><p>In 1965, Buffett took the helm of Berkshire Hathaway, where he began investing in secondary market stocks and holding stakes in real economy companies, consistently outperforming the US stock market. His subsidiaries cover multiple industries such as insurance, railroads, energy, and manufacturing.</p><p>In 2021, Berkshire Hathaway ranked 11th in the Fortune Global 500 with operating revenue of $245.51 billion and profit of $42.52 billion. As of the market close on February 11, Berkshire Hathaway was trading at $479,400 per share, with a market capitalization of $713.745 billion, up 6.37% year-to-date, outperforming the S&P 500 (-7.29%).</p><p>Since the beginning of the year, the market has been howling. With expectations of tightening monetary policy in the United States, technology stocks are under pressure, while value stocks may benefit. Against this backdrop, Berkshire Hathaway, which has always adhered to value investing, is expected to follow Apple,<a href=\"https://laohu8.com/S/MSFT\">Microsoft</a>、<a href=\"https://laohu8.com/S/AMZN\">Amazon</a>、<a href=\"https://laohu8.com/S/TSLA\">Tesla</a>After that, it became the next trillion-dollar market capitalization company.</p><p>Regarding this somewhat radical assessment, Berkshire's insurance + investment operation model has a huge advantage. For many years, public attention to Buffett has mostly focused on the investment side, but not much on his debt side. In fact, it is the close cooperation between the two that has established Buffett's unique investment style.</p><p>On the liability side, Berkshire Hathaway's main source of funding is non-life insurance premiums. Many of its insurance companies can not only obtain continuous premium income, but their overall cost ratio is also much lower than that of their peers, and they can even obtain some zero-cost or even negative-cost funds.</p><p>Secondly, as an insurance group mainly engaged in non-life insurance, Berkshire Hathaway has many non-life insurance products with a duration of less than one year. Coupled with the tied-up of funds used for claims, Berkshire Hathaway needs to retain a large amount of cash positions to cope with the above situation. Moreover, asset management strategies that maintain high liquidity will directly affect investment decisions.</p><p><img src=\"https://static.tigerbbs.com/48cd1d3a0fe094c6d543c05865cf0abb\" tg-width=\"550\" tg-height=\"347\" referrerpolicy=\"no-referrer\"/>Data source: Tonghuashun; 36Kr Graphics</p><p>Due to considerations of premium safety, Berkshire Hathaway's investment style is more conservative. In addition to having high requirements for asset-liability matching and risk-return, it also strictly controls financial leverage, which is far lower than the leverage ratio of the entire US property and casualty insurance and life insurance industries.</p><p>In terms of investment style, Berkshire Hathaway, based on the characteristics of its own liability side, has always adhered to the principles of value investing, such as moats and safety margins, and avoiding highly valued technology stocks.</p><p>On the other hand, the macroeconomic background may not have a significant impact on Berkshire Hathaway. As the Federal Reserve hinted at a rate hike in March at the beginning of the year, its clearly hawkish stance, coupled with a surge in US Treasury yields, led the market to sell off overvalued stocks and turn to value defensive stocks for safe havens. Berkshire Hathaway, known for its conservative style, bucked the trend and became popular with the market.</p><p>As an example, Cathie Wood, who is bullish on tech stocks and is known as the \"female version of Buffett,\" has suffered a major setback this year. Despite the turmoil at the beginning of the year, Buffett has remained steadfast. Previously, Sister Wood had six<a href=\"https://laohu8.com/S/C76.SI\">Innovative Technology</a>Funds once far outperformed the broader market, and ARKK has also performed exceptionally well since the pandemic. However, with changes in macro liquidity, the performance gap between Berkshire Hathaway and the Ark Innovation ETF has narrowed to only 8 percentage points.</p><p><img src=\"https://static.tigerbbs.com/f26e36f3ba79a62693b4917318f8eb90\" tg-width=\"550\" tg-height=\"335\" referrerpolicy=\"no-referrer\"/>Data Source :Financial Times</p><p>At its current valuation level, it remains to be seen whether Berkshire Hathaway will become the next trillion-dollar company. On January 25, Berkshire Hathaway announced that it expects to hold its 2022 annual general meeting of shareholders on April 30 in person and conduct a live webcast. Due to the impact of the pandemic, Berkshire Hathaway has held two consecutive shareholder meetings online. This meeting will reveal details of the 2021 annual report, which will be released on February 26.</p><p></body></html></p>","source":"36k","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>The \"lover\" of the Oracle of Omaha: After six years together, where did Buffett fall in love with Apple?</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: 12.5px; color: #7E829C; margin: 0;}\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\">\nThe \"lover\" of the Oracle of Omaha: After six years together, where did Buffett fall in love with Apple?\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">36氪财经</strong><span class=\"h-time small\">2022-02-14 17:16</span>\n</p>\n</h4>\n</header>\n<article>\n<p><html><head></head><body>Author | Lin Yulian</p><p>For decades, Buffett has long favored the consumer and financial sectors, but has not been keen on investing in technology stocks. However, since January 2016<a href=\"https://laohu8.com/S/AAPL\">Apple</a>This leading global technology company has become a \"favorite\" of Warren Buffett and currently occupies a significant portion of Buffett's companies.<a href=\"https://laohu8.com/S/BRK.A\">Berkshire</a>42.73% of the portfolio position. From scoffing at tech stocks to now spending his largest position buying Apple, after six years of \"holding hands,\" what exactly has Buffett fallen in love with about Apple?</p><p>Buffett is optimistic that most companies have competitive advantages and excellent management teams. Aside from product strength and management, Apple's unique features lie in its strong consumer attributes as a technology stock, as well as its outstanding return on equity for many consecutive years. As Apple's stock price soared, Buffett made a fortune, and the $134.1 billion in returns from his investment in Apple helped Berkshire Hathaway withstand the negative impact of the pandemic.</p><p>Currently, Berkshire Hathaway's market capitalization has exceeded $700 billion. With the Federal Reserve's rate hike expectations looming over the market, will this world-class insurance group, which has long operated on an \"investment + insurance\" model, become the fifth trillion-dollar company?</p><p><b>Investing in Apple: Berkshire's Third Largest Business</b></p><p>In February 2020, Buffett admitted in a CNBC interview that Apple may be the best company in the world, and that it is not just a stock, but also Berkshire Hathaway's third business. At the beginning of this year, Apple's stock price once rose to a record high of $182.94 per share, becoming the world's first giant company to reach a market capitalization of $3 trillion, attracting market attention.</p><p>As of February 11, Apple closed at $168.64, with a total market capitalization of $2.75 trillion, exceeding the UK's 2020 GDP of $2.71 trillion and equivalent to 7.5 Moutai.</p><p><img src=\"https://static.tigerbbs.com/fc05273ee76ab1ecf41ca6859e0ddcd7\" tg-width=\"550\" tg-height=\"339\" referrerpolicy=\"no-referrer\"/></p><p>Warren review is undoubtedly the biggest winner among the many investors who have heavily invested in Apple. Warren Buffett's acquisition of Apple dates back to 2016, when his potential successors, investment managers Todd Combs and Ted Wessler, guided their funds to purchase 9.81 million Apple shares. After receiving Buffett's approval, Berkshire Hathaway began to invest heavily in Apple.</p><p>Since holding the position, Berkshire Hathaway has also sold some Apple shares. In 2020, Apple's stock price halved, and Buffett slightly reduced his holdings in the third quarter, earning $11 billion in revenue. As of January 3, 2022, Berkshire Hathaway held a total of 908 million Apple shares, representing a 5.56% stake. Based on the stock price on that day, the value of the shares was $165.3 billion. After deducting the cumulative investment of $31.089 billion in 2020, it made a profit of more than $134.1 billion, which aroused the envy of the market.</p><p><img src=\"https://static.tigerbbs.com/2b6123aa7605eb1074af7e2a93fafeb9\" tg-width=\"550\" tg-height=\"240\" referrerpolicy=\"no-referrer\"/>Data source: CNBC<img src=\"https://static.tigerbbs.com/236f8ead633b3024a9f008d243b983b1\" tg-width=\"550\" tg-height=\"84\" referrerpolicy=\"no-referrer\"/>Data source: Company financial reports;<a href=\"https://laohu8.com/S/KRKR\">36Kr</a>charting</p><p>Due to the impact of the pandemic, Berkshire Hathaway's two pillar businesses—insurance and railroads—were severely impacted, but its investment in Apple helped the company weather the COVID-19 shock smoothly. In just one year, 2021, Apple's stock price surged 33%, and today Apple is the company with the largest stake in Berkshire Hathaway's portfolio, with a position of over 40%. In 2021, Berkshire Hathaway's stock price rose 30%, slightly more than the S&P 500's 27% gain.</p><p><img src=\"https://static.tigerbbs.com/acd8a53bdd5ff0b54b22563a8a3a4de9\" tg-width=\"550\" tg-height=\"366\" referrerpolicy=\"no-referrer\"/>Apple's cumulative total returns over the past five years have outperformed the S&P 500 and Nasdaq indices. Data source: Apple financial reports.</p><p>Why is Warren Buffett, who has always scoffed at tech stocks, willing to hold Apple for the long term? At the shareholders' meeting in May 2021, Buffett revealed the core reasons for his optimism about Apple: \"Apple is an extraordinary company. They have excellent management, their products have loyal fans around the world, Apple's brand and products are outstanding, and its profit margins are very high. At the same time, mobile phones are an indispensable necessity in the lives of all young people.\"</p><p>In addition, a company with a ROE (return on equity) of 20%-30% for a considerable period of time can be considered an excellent company, while only companies with an ROE of no less than 20% and stable growth can enter Buffett's investment scope. A closer look at Apple's financial indicators reveals that its ROE is equally impressive, exceeding 30% for five consecutive years and continuing to grow. For Warren Buffett, who places great importance on ROE in stock selection, this undoubtedly greatly increases his leverage.</p><p><img src=\"https://static.tigerbbs.com/8a29f13184edf57b9af5676e5d5dc18b\" tg-width=\"550\" tg-height=\"331\" referrerpolicy=\"no-referrer\"/>Data Source:<a href=\"https://laohu8.com/S/300033\">Tonghuashun</a>； 36Kr Graphics</p><p><b>Buffett's Investment Strategy: Firmly Believe in Value</b></p><p>Since the 1950s, Buffett's name has resonated throughout the investment world, becoming a legendary myth. In 2021, Warren Buffett ranked sixth on the Forbes list with a net worth of $96 billion.</p><p>Warren Buffett has always advocated the concept of value investing. After the US stock market crash in 1929, value investing was first proposed by Wall Street godfather Graham in Securities Analysis, also known as \"picking up cigarette butts\": cigarette butts left over from smoking are yellowed and moldy, but if you can get a free puff, they have unparalleled value. The core of value investing is a sufficiently high margin of safety, and only by holding it for the long term can one obtain safe and stable returns.</p><p>Buffett was captivated by his book \"The Intelligent Investor\" at the age of 19, and later went to Columbia University to become a student of Graham, where he was influenced by Graham's investment philosophy throughout his life. Buffett's investment logic is also very clear: discover valuable but undervalued companies and then hold shares in those companies for the long term. \"If you're not prepared to hold a stock for ten years, then don't hold it for even ten minutes.\"</p><p>Buffett's holdings directly confirm the above statement. As of the end of 2019, Berkshire Hathaway owned seven stocks held for more than 15 years, namely:<a href=\"https://laohu8.com/S/WPO\">The Washington Post</a>、<a href=\"https://laohu8.com/S/KO\">Coca-Cola</a>、<a href=\"https://laohu8.com/S/WFC\">Wells Fargo Bank</a>Procter & Gamble,<a href=\"https://laohu8.com/S/AXP\">American Express</a>company,<a href=\"https://laohu8.com/S/MCO\">Moody's</a>Company, GEICO Insurance. He held The Washington Post for 41 years and GEICO Insurance for 44 years.</p><p>In terms of industry selection, Buffett tends to prefer traditional industries with stable competitive landscapes, such as finance, consumer goods, and utilities. At the company level, Buffett values whether a company has a competitive advantage and excellent management, as well as whether it has advantages in areas such as brand, product features, and business model cost control. The so-called moat characteristics are specifically manifested in large scale, consistent profitability, high ROE with low debt, and simple business operations.</p><p>According to its third-quarter holdings report (13F) as of September 30, 2021, Berkshire's top five holdings were Apple,<a href=\"https://laohu8.com/S/BAC\">Bank of America</a>American Express, Coca-Cola,<a href=\"https://laohu8.com/S/KHC\">Kraft Heinz</a>They accounted for 42.78%, 14.61%, 8.65%, 7.15%, and 4.09% of the portfolio, respectively.</p><p><b>Berkshire Hathaway: The next trillion-dollar company?</b></p><p>Berkshire Hathaway, as one of the world's leading insurance groups, can be traced back to Valley Falls Company, founded in Valley Falls, Rhode Island in 1939. Over the years, Valley Falls has merged with other companies time and time again, eventually becoming a textile factory with 15 factories and more than 12,000 workers. It is the early Berkshire Hathaway. By the end of the 20th century, Berkshire Hathaway was on the verge of bankruptcy amid a series of factory closures and layoffs.</p><p>In 1965, Buffett took the helm of Berkshire Hathaway, where he began investing in secondary market stocks and holding stakes in real economy companies, consistently outperforming the US stock market. His subsidiaries cover multiple industries such as insurance, railroads, energy, and manufacturing.</p><p>In 2021, Berkshire Hathaway ranked 11th in the Fortune Global 500 with operating revenue of $245.51 billion and profit of $42.52 billion. As of the market close on February 11, Berkshire Hathaway was trading at $479,400 per share, with a market capitalization of $713.745 billion, up 6.37% year-to-date, outperforming the S&P 500 (-7.29%).</p><p>Since the beginning of the year, the market has been howling. With expectations of tightening monetary policy in the United States, technology stocks are under pressure, while value stocks may benefit. Against this backdrop, Berkshire Hathaway, which has always adhered to value investing, is expected to follow Apple,<a href=\"https://laohu8.com/S/MSFT\">Microsoft</a>、<a href=\"https://laohu8.com/S/AMZN\">Amazon</a>、<a href=\"https://laohu8.com/S/TSLA\">Tesla</a>After that, it became the next trillion-dollar market capitalization company.</p><p>Regarding this somewhat radical assessment, Berkshire's insurance + investment operation model has a huge advantage. For many years, public attention to Buffett has mostly focused on the investment side, but not much on his debt side. In fact, it is the close cooperation between the two that has established Buffett's unique investment style.</p><p>On the liability side, Berkshire Hathaway's main source of funding is non-life insurance premiums. Many of its insurance companies can not only obtain continuous premium income, but their overall cost ratio is also much lower than that of their peers, and they can even obtain some zero-cost or even negative-cost funds.</p><p>Secondly, as an insurance group mainly engaged in non-life insurance, Berkshire Hathaway has many non-life insurance products with a duration of less than one year. Coupled with the tied-up of funds used for claims, Berkshire Hathaway needs to retain a large amount of cash positions to cope with the above situation. Moreover, asset management strategies that maintain high liquidity will directly affect investment decisions.</p><p><img src=\"https://static.tigerbbs.com/48cd1d3a0fe094c6d543c05865cf0abb\" tg-width=\"550\" tg-height=\"347\" referrerpolicy=\"no-referrer\"/>Data source: Tonghuashun; 36Kr Graphics</p><p>Due to considerations of premium safety, Berkshire Hathaway's investment style is more conservative. In addition to having high requirements for asset-liability matching and risk-return, it also strictly controls financial leverage, which is far lower than the leverage ratio of the entire US property and casualty insurance and life insurance industries.</p><p>In terms of investment style, Berkshire Hathaway, based on the characteristics of its own liability side, has always adhered to the principles of value investing, such as moats and safety margins, and avoiding highly valued technology stocks.</p><p>On the other hand, the macroeconomic background may not have a significant impact on Berkshire Hathaway. As the Federal Reserve hinted at a rate hike in March at the beginning of the year, its clearly hawkish stance, coupled with a surge in US Treasury yields, led the market to sell off overvalued stocks and turn to value defensive stocks for safe havens. Berkshire Hathaway, known for its conservative style, bucked the trend and became popular with the market.</p><p>As an example, Cathie Wood, who is bullish on tech stocks and is known as the \"female version of Buffett,\" has suffered a major setback this year. Despite the turmoil at the beginning of the year, Buffett has remained steadfast. Previously, Sister Wood had six<a href=\"https://laohu8.com/S/C76.SI\">Innovative Technology</a>Funds once far outperformed the broader market, and ARKK has also performed exceptionally well since the pandemic. However, with changes in macro liquidity, the performance gap between Berkshire Hathaway and the Ark Innovation ETF has narrowed to only 8 percentage points.</p><p><img src=\"https://static.tigerbbs.com/f26e36f3ba79a62693b4917318f8eb90\" tg-width=\"550\" tg-height=\"335\" referrerpolicy=\"no-referrer\"/>Data Source :Financial Times</p><p>At its current valuation level, it remains to be seen whether Berkshire Hathaway will become the next trillion-dollar company. On January 25, Berkshire Hathaway announced that it expects to hold its 2022 annual general meeting of shareholders on April 30 in person and conduct a live webcast. Due to the impact of the pandemic, Berkshire Hathaway has held two consecutive shareholder meetings online. This meeting will reveal details of the 2021 annual report, which will be released on February 26.</p><p></body></html></p>\n<div class=\"bt-text\">\n\n\n<p> source：<a href=\"https://mp.weixin.qq.com/s/td4Tf0RDcVBGqfZO5CP2qQ\">36氪财经</a></p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/9beffeecb928009bf6287e307899ffe3","relate_stocks":{"AAPL":"苹果","BRK.A":"伯克希尔","BRK.B":"伯克希尔B"},"source_url":"https://mp.weixin.qq.com/s/td4Tf0RDcVBGqfZO5CP2qQ","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1143952641","content_text":"作者 | 林玉莲几十年来，巴菲特长期宠爱消费和金融行业，并不热衷于投资科技股。然而自2016年1月以来，苹果这一全球头部科技公司成为巴菲特的“心头好”，目前已占据巴菲特旗下公司伯克希尔投资组合42.73%的仓位。从对科技股嗤之以鼻，到现在花最大仓位买入苹果，“执手”六年，巴菲特到底爱上了苹果哪里？巴菲特看好企业大都具有护城河特征，以及拥有卓越的管理层。除开产品力、管理层，苹果的独特之处在于作为科技股却有着浓厚的消费属性，以及净资产收益率连续多年表现卓越。随着苹果股价一路走高，巴菲特赚得盆满钵地，1341亿美元对苹果的投资收益帮助伯克希尔扛住了来自疫情的负面影响。当下，伯克希尔的市值已经超过7000亿美元，在美联储加息预期笼罩市场的背景下，这家长期以“投资+保险”模式运作的世界顶级保险集团会成为第五个万亿美元公司吗？投资苹果：伯克希尔第三大业务2020年2月，巴菲特曾在CNBC采访中坦言，苹果可能是世界上最好的企业，它不仅是一只股票，更是伯克希尔的第三项业务。今年年初，苹果股价一度涨至历史新高182.94美元/股，成为全球首家迈入三万亿美元市值的巨头公司，引发市场关注。截至2月11日，苹果报收168.64美元，总市值2.75万亿美元，超过英国2020年GDP总值2.71万亿美元，相当于个7.5个茅台。复盘重仓苹果的众多投资人，巴菲特无疑是最大赢家。巴菲特买入苹果的历程还要回溯到2016年，其潜在接班人投资经理托德·库姆斯和泰德·韦斯勒，指导旗下基金买入了981万股苹果股票。在得到巴菲特批准后，伯克希尔开始大举重仓苹果。持仓以来，伯克希尔也曾出售部分苹果的股票。2020年，苹果股价腰斩，巴菲特在第三季度略微减仓，获得了110亿美元的收入。截至2022年1月3日，伯克希尔累计持有9.08亿苹果股票，持股比例5.56%，按当日股价计算，持股价值1653亿美元，减去2020年累计投入310.89亿美元，大赚1341亿美元有余，惹得市场羡艳。数据来源：CNBC数据来源：公司财报；36氪制图由于疫情的影响，伯克希尔两项支柱业务——保险和铁路均受到了巨大的打击，投资苹果帮助该公司顺利度过了新冠冲击。在2021年仅仅一年的时间内，苹果股价飙升33%，时至今日，苹果是伯克希尔投资组合中持股比例最高的公司，其仓位超40%。2021年，伯克希尔哈撒韦股价上涨30%，略高于标普500指数27%的涨幅。苹果近五年累计总回报跑赢标普500和纳斯达克指数 　　数据来源：苹果财报一向对科技股嗤之以鼻的巴菲特为何愿意长期持有苹果？在2021年5月的股东大会上，巴菲特透露了看好苹果的核心原因，“苹果是一个非凡的公司，他们有优秀的管理层，他们的产品在全球范围也有忠实的粉丝，苹果的品牌和产品都非常杰出，利润率也非常高。同时手机在所有年轻人生活中都是必不可少的必备品。”此外，一家企业ROE（净资产收益率）较长时间处于20%-30%可算作优秀企业，而ROE不低于20%且能够稳定增长的企业才能进入巴菲特的投资范围。仔细查看苹果财务指标可以发现，苹果的ROE表现同样惊人，连续五年都超过了30%且持续增长，对选股极其看重ROE的巴菲特而言，这无疑是大大加重了筹码。数据来源：同花顺；36氪制图巴菲特投资策略：坚信价值投资自上世纪50年代以来，巴菲特的名号就响彻了投资圈，成为具有传奇色彩的神话。2021年，巴菲特凭借960亿美元的身价登上福布斯排行榜第6位。一直以来，巴菲特倡导价值投资理念。1929年美股大崩溃后，价值投资由华尔街教父格雷厄姆在《证券分析》中被首次提出，即所谓的“捡烟蒂”：被人抽剩下的烟蒂泛黄又发霉，但若是能抽上免费的一口，便有无上的价值。价值投资的内核是安全边际足够高，在此基础上长期持有才能获得安全而稳定的收益。巴菲特在19岁时被其著作《聪明的投资者》吸引，之后前往哥伦比亚大学成为格雷厄姆的学生，一生受到格雷厄姆投资理念的影响。巴菲特的投资逻辑也非常清楚：发现有价值但被低估的公司，然后长期持有该公司的股份。“如果你没有持有一种股票十年的准备，那么连十分钟都不要持有这种股票”。巴菲特的持仓直接验证了以上说法。截至2019年底，伯克希尔拥有7只持有时间超过15年的股票，分别为华盛顿邮报、可口可乐、富国银行、宝洁公司、美国运通公司、穆迪公司、 GEICO保险。其中对华盛顿邮报的持有时间长达41年，对GEICO保险持有时间长达44年。在行业选择上，巴菲特倾偏好金融、消费、公用事业等竞争格局稳定的传统行业；在公司层面，巴菲特看重企业是否具有护城河和出色的管理层，是否在品牌、产品特性、商业模式成本控制等方面具有优势。所谓护城河特征，具体表现在规模大、持续盈利、ROE高且负债少、业务简单。截至2021年9月30日的第三季度持仓报告(13F)，伯克希尔前五大重仓股分别为苹果、美国银行、美国通运、可口可乐、卡夫亨氏，分别占去投资组合的42.78%、14.61%、8.65%、7.15%、4.09%。伯克希尔：下一个万亿级美元公司？伯克希尔作为世界顶级的保险集团，其前身可追溯到1939年在罗德岛谷瀑布市成立的谷瀑布公司，谷瀑布在多年的发展中和其他公司一次次合并，最终成为一家有着15家工厂和超过12000名工人的纺织厂，它就是早期的伯克希尔·哈撒韦。到二十世纪末，伴随着旗下工厂接连关闭和裁员风波，伯克希尔濒临倒闭。1965年，巴菲特开始掌舵伯克希尔，开始进行二级市场股票投资并参股实体企业，持续跑赢美股大盘，旗下子公司涉及保险、铁路、能源、制造业等多个行业。2021年，伯克希尔以2455.1亿美元的营业收入和425.2亿美元的利润位列《财富》世界500强第11位。截至2月11日收盘，伯克希尔报47.94万美元/股，市值达7137.45亿美元，年内以来累计上涨6.37%，跑赢标普500（-7.29%）。年初以来，市场一片哀嚎，在美国收紧货币政策预期下，科技股承压，价值股或将受益。在这样的时代背景下，一直坚持价值投资的伯克希尔有望继苹果、微软、亚马逊、特斯拉之后，成为下一个万亿级美元市值公司。对于这个略显激进的判断，伯克希尔保险+投资运作模式优势巨大。多年以来，大众关注巴菲特大都着眼于投资端，而对其负债端却没有太多提及。实际上，二者之间的紧密配合才确立了巴菲特独到的投资风格。在负债端，首先伯克希尔的资金来源主要是非寿险保费，旗下多家保险公司不仅能获得持续的保费收入，而且综合成本率也远低于同行，甚至还能获得部分零成本乃至负成本的资金。其次，伯克希尔作为一家主营非寿险的保险集团，其不少非寿险产品的久期都在一年内，再叠加用于赔付的资金占用，伯克希尔需要保留大量的现金头寸来应对上述局面。而且，保持高流动性的资产管理策略也会直接影响到投资端的决策。数据来源：同花顺；36氪制图出于对保费安全的考量，伯克希尔的投资风格更偏稳健，除了对资产负债匹配、风险收益有较高要求外，还严格控制财务杠杆，其杠杆倍数远低于美国财险、寿险的全行业水平。在投资风格方面，伯克希尔基于自身负债端的特点，始终坚守护城河与安全边际、回避估值较高的科技股等价值投资原则。另一方面，宏观大背景或许对伯克希尔的影响不大。随着年初美联储暗示3月将加息，明显偏鹰的表态加上美债收益率飙升，市场纷纷抛售高估值股票，转向价值防御型股票避险，以稳健风格著称的伯克希尔则逆势受到市场热捧。以实例为证，今年以来，看好科技股、有着“女版巴菲特”之称的木头姐凯西·伍德(Cathie Wood)遭遇滑铁卢，在年初的动荡中，巴菲特依然稳坐钓鱼台。此前木头姐旗下六只创新科技型基金一度远超大盘，ARKK自疫情以来也表现卓越，但随着宏观流动性发生变化，伯克希尔公司与方舟创新ETF之间的业绩差距缩小至仅8个百分点。数据来源：Financial Times以目前的估值水平，伯克希尔是否会成为下一个万亿美元公司尚需时日。1月25日，伯克希尔声称预计于4月30日现场举办2022年度股东大会并进行网络直播。受疫情的影响，伯克希尔已经连续两届股东大会都在线上完成。此次会议将透露2021年度报告相关内容，此报告将于2月26日发布。","news_type":1,"symbols_score_info":{"BRK.B":0.9,"AAPL":0.9,"BRK.A":0.9}},"isVote":1,"tweetType":1,"viewCount":4606,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}