ETF进化论 暴赚5.5万倍！刚刚，巴菲特最新洞见来了 原创 阅读全文 ...

十大讲话要点： 1、谈接班人： 计划在年底退休，阿贝尔在各方面都做好了担任伯克希尔哈CEO的准备，将建议董事会在年底前任命阿贝尔为公司CEO。 2、谈对公司的持股 ：无意出售伯克希尔的任何一股股票，但会逐步捐赠出去。 3、谈关税问题： 关税政策"让75亿人不满"，美国应该寻求与世界其他国家进行贸易，不应该把贸易当成武器，通过加征关税激怒全球，这是 一个重大错误，这种做法已经扰乱了全球市场。 4、谈美国财政政策： 美国的财政问题令我害怕，但这也不是美国独有的问题。美国的财政赤字是不可持续的，可能会变得无法控制，担心政 府作出的决定会导致美元走弱。 5、关于美国的经济前景： 不会为美国的现状感到沮丧，美国的财政政策是我最担忧的问题，但这也不是美国独有的问题。 6、谈美股大幅波动： 与历史上的大崩盘相比，过去几十天的下跌根本不算什么。 7、谈人工智能： AI将会成为一夜改变游戏规则的工具，我们要改变做事的方式评估风险，对风险进行评价。我不会把所有的东西绕着AI进行 投资和发展；如果AI里面有选择的话，应该让阿吉特·贾恩来选择。 8、谈日本市场： 不会卖掉手里的5家日本贸易公司股票，在未来50年我们希望公司是由它们经 ...

就在昨天，投资界的年度盛会——伯克希尔哈撒韦股东大会在奥马哈盛大召开，北京时间3日周六晚9点进入大会备受关注的股东问答环节。股 神巴菲特再次全程参与，特携其CEO接班人-伯克希尔非保险业务的负责人阿贝尔，以及保险业务负责人贾恩一同亮并共同回答股东提问。 年年巴菲特股东大会年年学，但还是不会。股神的金玉良言多多，也确实能受益颇多，但普通投资人很多条件跟大佬千差万别，不止是投资水 平或投资理念，比如伯克希尔源源不断的资金来源就是让全世界投资人都望尘莫及，同时伯克希尔的优秀团队和丰富投资工具也是绝大多数普 通投资人难以启及的（比如其可以在日本当地发债用来购买日本股票）。这些散户往往都不具备，同时也很难学会和掌握。 那么这届巴菲特股东大会到底带给了普通投资者人哪些实用的市场投资机会启示呢？我们就结合AI统计的本届大会高频词语具体给大家来交流 几点。 首先，我们简单罗列一下AI统计这次股东大会问答环节中超过4次以上的高频词语排序如下： 伯克希尔 - 58次，巴菲特 - 54次，美国 - 32次，投资 - 28次，公司 - 25次，贾因 - 18次，阿贝尔 - 18次，美元 - 17次，保险 - 15 次，市场 - 14 ...

Core Viewpoint - The A-share liquor industry has experienced a significant decline of over 40% since its peak in February 2021, with the white liquor sector particularly struggling, contrasting sharply with its previous popularity before 2021 [1][2]. Group 1: Industry Performance - From 2022 to 2024, the net profit growth rate of A-share listed liquor companies is projected to decline, with figures of 20.3%, 18.9%, and 7.4% respectively, marking a significant drop from the double-digit growth seen in previous years [2]. - In Q1 2025, total revenue for listed liquor companies reached 153.4 billion yuan, a year-on-year increase of 1.7%, while net profit was 63.39 billion yuan, up 2.3% [4]. - Despite some companies like Moutai and Wuliangye showing positive growth, nearly half of the A-share liquor companies reported declining performance, with some experiencing revenue drops of up to 80% [7]. Group 2: Market Dynamics - The overall profitability of the liquor sector remains high, with a gross profit margin of 81.53% and a net profit margin of 42.54% in Q1 2025, largely supported by leading companies [8]. - The market is currently facing a "volume and price decline" scenario, contrasting with the consumption upgrade seen in the previous five years [9][10]. - The current price-to-earnings ratio of the liquor index is 19.9 times, a significant drop from 70 times in February 2021, aligning with valuation levels from 2015 and 2018 [10][12]. Group 3: Economic Influences - The liquor industry is undergoing a cyclical downturn, influenced by broader economic factors such as the real estate market's decline, which has seen a drop in sales area from 1.79 billion square meters in 2021 to 970 million square meters in 2024, a decrease of over 45% [14]. - The decline in real estate prices and the shrinking asset base of middle-class families are expected to negatively impact personal liquor consumption [15]. - The demographic trends indicate a potential decline in the drinking population starting in 2028, which could further pressure demand [17]. Group 4: Future Outlook - The current cycle presents greater challenges for the liquor industry compared to previous downturns, with no clear new growth engines to drive recovery [20]. - While exploring international markets could provide growth opportunities, the cultural differences in drinking habits pose significant challenges [21]. - The liquor industry is transitioning from a high-growth phase to a more mature and potentially declining phase, with long-term growth rates likely to settle in the single digits [22].

ETF进化论 巨佬先跑为敬？ 原创 阅读全文 ...

ETF进化论 社保、QFII重仓股来了！ETF速查手册最新发布 原创 阅读全文 ...

辽宁沈阳61岁女首富坐拥90亿身家，从医药跨界矿业，再迎一个IPO 原创 阅读全文 格隆汇新股 ...

作者 | 数说新能源 数据支持 | 勾股大数 据（www.gogudata.com） 昨日，新势力4月的交付战报出炉，排位再生变——小鹏反超理想，蔚来逼近2万关口。相比之下，本月唯一站上4万台、蝉联销冠的零跑，无 疑最耀眼。 | 排行 | 品牌 | | 销量 | | --- | --- | --- | --- | | 01 | e | 零跑 | 41039台 | | 02 | × | 小鹏 | 35045台 | | 03 | y | 理想 | 33939台 | | 04 | והו | 小米 | 28000+台 | | 05 | > | 深蓝 | 20138台 | | 06 | 3 | 蔚来 | 19269台 | | 07 | ﮐ | 极気 | 13727台 | | 08 | M | 阿维塔 | 11681 台 | | 09 | > | 岚图 | 10019台 | | 10 | | 乐道 | 4400台 | 事实上，在去年第四季度，零跑月均交付就已超过4万辆，毛利率达到13.3%，不仅创下单季新高，还提前一年实现季度盈利，成为全球第三 家、国内第二家扭亏为盈的新势力车企。如今月交付量再度站上4万辆，意味着零跑 ...

Core Viewpoint - The article discusses the evolution of ETFs and highlights the strongest funds and ETF rankings, emphasizing the significant inflow of capital into these investment vehicles [1] Group 1: ETF Performance - The article presents a list of top-performing ETFs, showcasing their returns and the factors contributing to their success [1] - It notes that certain ETFs have experienced substantial growth, with some reporting returns exceeding 30% year-to-date [1] Group 2: Capital Inflows - There is a notable increase in capital inflows into ETFs, with billions of dollars being invested in the sector recently [1] - The article highlights that this trend reflects a growing investor preference for ETFs over traditional mutual funds [1] Group 3: Market Trends - The article identifies key market trends influencing ETF performance, including shifts in investor sentiment and macroeconomic factors [1] - It discusses how these trends are shaping the future landscape of the ETF market and the potential for continued growth [1]

作者 | 远禾 数据支持 | 勾股大数 据（www.gogudata.com） 宠物所代表的 "它经济"，正在成为社会上不可忽视的一股潮流。 无论是越来越多的宠物友好商场、宠物友好公园，还是大街上的宠物推车逐渐超过婴儿车，年轻人对于宠物的热情，正在成为整个社会的共 识。 宠物殡葬成为热门服务，高铁宠物托运也逐渐设点，也折射出宠物经济不断升级的地位。 在资本市场上，宠物经济也一度狂飙。 4月7日以来，中宠股份股价上涨超50%，乖宝宠物上涨超30%。 Wind数据显示，自去年924行情以来，宠物经济指数已经上涨超60%。 拉长时间来看，自 2017年上市以来，中宠股份的股价由最低的6.52元/股，上涨至如今的56.45元/股，股价已上涨超8倍。 自 24年2月的最低点来看，如今，乖宝宠物的股价也已上涨近4倍。 然而，并非所有宠物经济相关企业均迎来大涨。 对比之下，佩蒂股份股价一直震荡下行。 "924"行情以来，佩蒂股份股价仅上涨近30%。 今年以来，佩蒂股份股价跌幅超过 10%。 作为曾经的 "宠物第一股"，佩蒂股份的"此消"和乖宝宠物的"彼长"，恰恰显现出了国内宠物市场的逐渐转型和升级。 | 01 | | -- ...