To The Moon

This year is the fastest time I have run in the "Invest in Yourself 5K" for more than ten years, and I finished the run in 30 minutes! It is also the year with the greatest gains in participating in the shareholders' meeting in more than ten years.

$Berkshire Hathaway(BRK.A)$ $Berkshire Hathaway(BRK.B)$

1. I met so many new and old friends.

Our Omaha Value Investment Center/China-US Venture Capital Forum has been held for the ninth year. Professor Shi Yong [good], Tencent, Sina organized Chinese investors' cocktail reception, CFA Association, Value X BRK and other various cocktail receptions and dinners are all super great!

2. Mr. Buffett is still vigorous.

This year, we had a marathon-like exchange for more than 6 hours, discussing global macro, risk management of insurance companies and power stations, transmission lines and other utility companies after climate change, stepping on Bitcoin, and documentaries commemorating Mr. Munger. I feel that I am getting better every year!

3. The speech of Munger's successor is very classic.

A technology innovator who has made more than 30 venture capital investments at the age of 40 was actually selected by Munger in 22 years and joined Munger Company in the form of a reverse merger and became the CEO. The speech of the US Federal Treasurer was also very inspiring. She said that the United States is about to usher in a 10-year super prosperity period. The 2026 World Cup in New York will be held soon, followed by the celebration of the 250th anniversary of the founding of the United States, and then the 2028 Los Angeles Olympics. The global investors on the scene were very excited. Guy Spier from Switzerland expressed his hope to become an American on the spot.

4. One of the biggest experiences is that the second and third generations have fully joined.

Monsoon Pabrai, the daughter of Indian master Pabrai, hosted a discussion on a batch of high-quality stocks to invest in India. The Chinese girl who played table tennis with Buffett and Gates for ten years has also graduated from Princeton University and started an artificial intelligence company. Buffett's grandson discussed social value investment, and Buffett's grandson and his partner created the Boston Omaha Group Insurance + Industrial Model to replicate Berkshire, etc. They are all very active and pragmatic.

To paraphrase a sentence from Dickens' famous novel "A Tale of Two Cities": This is the best of times, and the worst of times!