#巴菲特承认比特币 #巴菲特

"The stock god" Buffett reduced his holdings of Bank of America again. The main reason is risk control. Bank of America has a lot of commercial real estate loan positions. More than 45% of the loans of half of the banks are real estate loans, of which about 25% are commercial real estate (and small banks are more likely to reach 40-56% of total loans). The bank's leverage lending rate is about 15X. Even the commercial buildings in Manhattan and San Francisco have seen a decline in rental values ​​due to distributed offices, work from home and high-tech applications. There are many examples of commercial real estate in other places with valuations falling by 50%-75%, and the banks are the ones who bear the brunt in the end. Mr. Buffett has repeatedly reminded everyone about the risks brought by American commercial real estate.