1776977389#2024Berkshire Hathaway Shareholders Meeting Buffett's sharing content:
1. Berkshire Hathaway reduced its holdings of Apple shares for tax reasons.
2. Hinted that it was evaluating a Canadian investment.
3. "Abel" was called "Munger" and was in tears. He once slammed the table and asked him to buy BYD.
4. Talking about the huge cash reserve of 189 billion US dollars: the current interest rate is very high and there is not enough attractive return.
5. The entire Paramount Global Shares (railway) has been sold at a loss, and Geico (insurance) has not been good at managing risks.
6. Investing in fossil energy, we do try to use it in combination with batteries, but we cannot yet completely transform from carbon resources.
7. Missing many opportunities but rarely regretting, the best technique is to avoid risks.
8. Still confident in US debt and the US dollar, calling Federal Reserve Chairman Powell a "very wise man", but he pointed out that Powell cannot control fiscal policy, which is the root of the problem.
9. Sitting next to Buffett this year is Greg Abel, "Buffett's successor" and Berkshire's vice chairman, and the decision on asset allocation belongs to Abel.
10. Talking about AI again, the worry is similar to nuclear weapons because we have no way to reverse it. For example, it is difficult to distinguish the authenticity of a picture, and the fraud market will grow very fast. Of course, AI may also do good things.
11. Regarding the decision-making factors for judging the sale of stocks, Buffett said that there are often many reasons for reducing positions, one of which is that you need cash. This situation is rare for Berkshire, but since he started investing at the age of 20, this situation has occurred every time he made a decision.
12. At the end of the shareholders' meeting, Buffett held up the Easter egg hidden on the table - a sign with the words "shut up" as a warning to himself, and also drew a question mark for the entire shareholders' meeting.
