金十图示：2025年05月14日（周三）全球富豪榜 | 排名 | 名字 | 身价(美元) | 身价变化 | 公司 | | --- | --- | --- | --- | --- | | | 埃隆·马斯克 | 4157亿 | 1 88亿 2.17% | | | | 马克·扎克伯格 | 2266亿 | 1 57亿 2.57% | Meta | | | 杰夫·贝佐斯 | 2261亿 | 1 25亿 1.11% | 亚马逊 | | 4 | 拉里·埃里森 | 2022亿 | 1 61亿 3.1% | 甲骨文 | | 5 | 沃伦·巴菲特 | 0 1595亿 | + -11亿 -0.66% | 伯克希尔哈撒韦 | | 6 | 贝尔纳·阿尔诺家族 | 1566亿 | 1 18亿 1.19% | LVMH | | 7 | 拉里·佩奇 | 1330亿 | 1 9.24亿 0.7% | 谷歌 | | 8 | 史蒂夫·鲍尔默 | 1305亿 | + -0.27亿 -0.02% | 微软 | | 9 | 谢尔盖·布林 | 1274亿 | 1 8.65亿 0.68% | 谷歌 | | 10 | 阿曼西奥·奥尔特加 | 1228亿 | ...

0.com TINTO.com JIHTO.com 金十数据 | 一个交易工具 n.coM . Comment . In.com . Comment . Com | 排名 | 名字 | 身价(美元) | 身价变化 | 公司 | | --- | --- | --- | --- | --- | | | 埃隆·马斯克 | 4069亿 | 113亿 2.86% | | | 2 | 杰夫·贝佐斯 | 2236亿 | 1 142亿 6.76% | 亚马逊 | | | 马克·扎克伯格 | 2209亿 | 1 160亿 7.83% | Meta | | 4 | 拉里·埃里森 | 1961亿 | 1 82亿 4.38% | 甲骨文 | | 5 | 沃伦·巴菲特 | 1605亿 | 1 2.27亿 0.14% | 伯克希尔哈撒韦 | | 6 | 贝尔纳·阿尔诺家族 | 1570亿 | 1 96亿 6.51% | LVMH | | 7 | 拉里·佩奇 | 1321亿 | 1 42亿 3.31% | 谷歌 | | 8 | 史蒂夫·鲍尔默 | 1305亿 | 1 23亿 1.83% | 微软 | | 9 | 谢尔盖·布林 | 1266 ...

The rest is history, as Apple's sales growth returned and the stock increased from its bargain price tag to a more respectable figure. However, the stock looks like it has gotten a bit too expensive. Purchasing Apple (AAPL 0.49%) stock during his tenure at Berkshire Hathaway (BRK.A 0.18%) (BRK.B 0.09%) will be one of Warren Buffett's top legacies. Apple stock has performed well since Berkshire first bought shares in Q1 2016, and has spent a lot of time as the world's largest company (although it currently d ...

于是，伯克希尔的2025年业绩，很可能成为股神;亲自主持下的最后一年业绩。 在年度股东大会召开前夕，伯克希尔公布了2025年第1季业绩，对比于巴菲特的金句，这份业绩所体现 的投资结果;，或更能体现股神;的投资理念和风格。 投资本钱还有利息可收 今年五月初投资界的头等盛事莫过于在奥马哈举行的伯克希尔（BRK.B.US）年度股东大会，这次与别 不同的是，巴菲特在股东大会临近结束时宣布将于2026年1月1日退休，而63岁的副董事长格雷格·阿贝 尔（Greg Abel）将为其接班人，但巴菲特仍担任伯克希尔董事长一职。 从并表的主营业务来看，伯克希尔旗下的子公司经营稳定，第1季并表收入为897.25亿美元，按年微跌 0.16%；主营业务的税前利润为114.57亿美元，按年下降14.10%；但真正令其业绩与上年同期拉开距离 的是投资亏损64.35亿美元，相较上年同期为投资收益18.76亿美元，差距达83亿美元。 不过需要注意的是，这笔投资亏损主要来自未出售投资，只是因为期内股价出现波动而暂时亏损而已， 这也是巴菲特多次强调短期投资损益只是会计处理需要，并不能作为投资业绩准绳的原因。当股价回 升，未来的投资收益可能显著上升 ...

①巴菲特：美股波动不值一提，希望持有日本五大商社至少50年；②OPEC+增产引发油价大跌，市场 担忧供应过剩；③苹果预计本季度将因关税损失约9亿美元，明秋或出折叠屏iPhone。 ③苹果预计本季度将因关税损失约9亿美元 明秋或出折叠屏iPhone 苹果公司5月2日早晨盘后公布的财报显示，一季度总净营收为953.59亿美元，净利润为247.80亿美元， 均同比增长5%；但大中华区营收为160.02亿美元，同比下降2%。尽管营收和利润均超出华尔街预期， 但服务业务收入未能达到分析师预期，且公司CEO库克表示，公司预计本季度将因美国关税政策损失约 9亿美元。此外有消息称，苹果计划在今年晚些时候推出一款5.5毫米超薄的新款iPhone；首款折叠屏 iPhone将于明年秋季亮相，采用书本式折叠设计，展开后达8英寸；iPhone 18标准版推迟至2027年春 季，Pro系列将搭载屏下Face ID。 ①巴菲特：美股波动不值一提 希望持有日本五大商社至少50年 在5月3日晚间的伯克希尔哈撒韦股东大会上，巴菲特表示，美股近期巨震与历史上的大崩盘相比，根本 不算什么。假设伯克希尔的股价暴跌30%，会是非常好的机会。他表示不在意 ...

分析指出，美国4月服务业增长加快，因订单增加，推动企业原材料和服务价格指数升至逾两年最高水 平，暗示关税导致通胀压力加大。企业和家庭赶在进口关税生效之前购买商品的举措，可能是上月服务 业PMI上升的部分原因。整体指数表明，在美国制造业受关税影响持续收缩的背景下，服务业仍表现稳 健。 本文源自：金融界 热门中概股涨跌不一，纳斯达克中国金龙指数微跌0.04%。阿里巴巴上涨0.64%，京东下跌1.19%，拼多 多下跌0.06%，蔚来汽车下跌1.24%，小鹏汽车上涨0.91%，理想汽车上涨0.84%，哔哩哔哩上涨0.83%， 百度上涨0.33%，网易上涨0.68%，腾讯音乐下跌0.77%。 商品市场方面，COMEX黄金期货上涨3.04%，报3，342美元/盎司；COMEX白银期货上涨1.15%，报 32.63美元/盎司。国际原油期货结算价收跌近2%，WTI原油期货6月合约下跌1.99%，报57.13美元/桶； 布伦特7月原油期货下跌1.73%，报60.23美元/桶。 美国供应管理协会（ISM）公布的数据显示，4月服务业活动在上月下滑后重新加速，关税上升导致原 料价格上涨。美国4月ISM服务业PMI指数录得51.6，重 ...

Financial Performance - Net earnings attributable to Berkshire shareholders for Q1 2025 were $4,603 million, a decrease of 63.7% compared to $12,702 million in Q1 2024[160] - Operating earnings for Q1 2025 were $9,641 million, down 13.9% from $11,222 million in Q1 2024[310] - Investment losses in Q1 2025 amounted to $5,038 million, compared to investment gains of $1,480 million in Q1 2024[310] - Net investment income increased by $295 million (11.4%) to $2,893 million in Q1 2025 compared to $2,598 million in Q1 2024[195] - Net earnings increased by $52 million (13.8%) in Q1 2025 compared to Q1 2024, driven by higher electric utility margin and tax benefits from wind production credits[215] Insurance Operations - Insurance underwriting after-tax earnings decreased by $1.3 billion in Q1 2025, with losses from Southern California wildfires amounting to approximately $860 million[162] - Insurance-underwriting income for Q1 2025 was $1,336 million, down 48.6% from $2,598 million in Q1 2024[315] - Losses and loss adjustment expenses for GEICO increased by $10 million (0.1%) in Q1 2025, with a loss ratio of 69.0%, a decrease of 3.5 percentage points from 2024[174] - Losses and loss adjustment expenses for Berkshire Hathaway Primary Group increased by $640 million (22.8%) in Q1 2025, with losses from Southern California wildfires estimated at approximately $300 million[180] - Losses and loss adjustment expenses for the Berkshire Hathaway Reinsurance Group increased by $606 million (20.2%) in Q1 2025, with losses from Southern California wildfires estimated at approximately $770 million[185] Energy Sector - After-tax earnings from Berkshire Hathaway Energy (BHE) rose by $380 million (53.0%) in Q1 2025, reflecting higher earnings from utilities and energy businesses[163] - BHE's total revenue increased to $6,356 million in Q1 2025, compared to $6,277 million in Q1 2024[211] - Net earnings attributable to BHE increased by 39.4% to $1,100 million in Q1 2025 from $789 million in Q1 2024[213] - Energy operating revenue for BHE rose to $5,506 million in Q1 2025, up from $5,245 million in Q1 2024[211] - Electric utility margin reached $1.9 billion in Q1 2025, an increase of $225 million (13.2%) from 2024, attributed to higher retail customer rates and volumes[216] Transportation Sector - After-tax earnings from BNSF increased by 6.2% in Q1 2025 compared to 2024, driven by higher volumes and improved operating efficiencies[163] - Railroad operating revenues for BNSF increased to $5,676 million in Q1 2025, up from $5,644 million in Q1 2024, driven by a 4.1% increase in unit volume[202] - BNSF's pre-tax earnings rose by 5.5% to $1,603 million in Q1 2025 from $1,519 million in Q1 2024[202] Manufacturing and Retail - Manufacturing revenues totaled $18.8 billion in Q1 2025, a slight increase of 1.3% from Q1 2024, while service and retailing revenues decreased by 5.6%[222] - Pre-tax earnings in manufacturing declined by $198 million (6.8%) in Q1 2025 compared to 2024, while service and retailing pre-tax earnings increased by $147 million (12.9%)[222] - Revenues from Clayton Homes increased by 7.4% to $2.9 billion in Q1 2025, with financial services revenues rising by 14.7%[235] - Consumer products group revenues declined by 0.4% to $3.5 billion in Q1 2025, with pre-tax earnings dropping by $105 million (29.6%) compared to 2024[240] - Retailing group revenues increased by 2.0% in Q1 2025, with BHA revenues up by 5.3% and home furnishings down by 1.4%[250] Investment and Shareholder Equity - Berkshire's shareholders' equity was $654.5 billion as of March 31, 2025, an increase of $5.1 billion since December 31, 2024[265] - The company has not repurchased any Class A or Class B shares in the first quarter of 2025, maintaining a cash reserve of at least $30 billion[288] - Average equivalent Class A shares outstanding decreased slightly to 1,438,223 in Q1 2025 from 1,439,370 in Q1 2024[311] - Average equivalent Class B shares outstanding also decreased to 2,157,335,139 in Q1 2025 from 2,159,055,134 in Q1 2024[311] Legal and Regulatory Matters - The company is involved in various legal actions, but it does not expect these to materially affect its financial condition or results of operations[285] - There were no material changes in market risks as of March 31, 2025, compared to the previous annual report[283] - The company concluded that it was more likely than not that goodwill and other indefinite-lived intangible assets were not impaired as of March 31, 2025[279] Miscellaneous - The company anticipates that future payments under insurance and reinsurance contracts will be funded by operating cash flows[273] - The total number of reportable Mine Safety Act citations for the first quarter of 2025 was not specified, but no significant violations were reported[303] - Forward-looking statements regarding future financial performance are subject to risks and uncertainties, and actual results may differ materially[282]

Financial Data and Key Metrics Changes - The company reported record attendance at its annual meeting, with 19,700 participants, up from 16,200 the previous year [2] - The company achieved record sales figures, with Candid at $317,000 compared to $283,000 the previous year [3] Business Line Data and Key Metrics Changes - Brooks reported sales of $310,000, marking an all-time record for the company [4] - Jazz Wear's sales doubled to around $250,000 compared to the previous year [4] Market Data and Key Metrics Changes - The company noted a significant increase in attendance and sales across all business lines, indicating strong market demand [5] Company Strategy and Development Direction - The management emphasized the importance of maintaining a diverse and capable board, with a focus on long-term relationships and investments, particularly in Japan [38][46] - The company is positioning itself for future opportunities, with a significant cash reserve of over $300 billion, representing about 27% of total assets, which is historically high [51] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the U.S. economy, despite current challenges, and highlighted the importance of adapting to changes while maintaining a long-term perspective [95][99] - The company is prepared for future investment opportunities, emphasizing that attractive deals will arise over time [60][61] Other Important Information - The company raised significant funds for charity through the sale of a commemorative book, showcasing its commitment to social responsibility [20][23] Q&A Session All Questions and Answers Question: Has your view on trade barriers changed? - Management discussed the historical context of trade barriers and emphasized the importance of balanced trade for global prosperity [26][30] Question: Do you think the Bank of Japan's rate hike will deter further investments in Japan? - Management expressed confidence in their Japanese investments and indicated a long-term commitment to holding these positions [36][38] Question: Is the high cash reserve a derisking strategy or for future capital allocation? - Management clarified that the cash reserve is not solely for Greg Abel's future flexibility but is a strategic position to capitalize on attractive investment opportunities as they arise [51][52] Question: With high interest rates, do you still believe in being greedy when others are fearful? - Management reiterated the advantages of investing in stocks over real estate due to the ease of transactions and opportunities in the stock market [64][66] Question: How will AI affect the insurance industry? - Management acknowledged AI as a game changer but emphasized a cautious approach to its integration into their operations [75][78] Question: How did the acquisition of Portillo's Hotdogs fit into the portfolio? - Management was not directly involved in the acquisition and noted that it was owned by a private equity firm, not Berkshire [80][92]

Core Insights - Berkshire Hathaway's portfolio has undergone significant changes over the past year, with a notable reduction in its stake in Apple, reflecting a conservative investment strategy by CEO Warren Buffett [1][2][3] Portfolio Changes - Berkshire Hathaway dramatically reduced its stake in Apple from 789 million shares at the end of Q1 2024 to 300 million shares by the end of 2024 [2] - Apple stock, which accounted for approximately 50% of Berkshire's portfolio value in 2023, now represents only 22% of its holdings [3] - The other top five stocks in the portfolio—American Express, Bank of America, Coca-Cola, and Chevron—remain unchanged, but their positions have shifted, with American Express now at 14% [3] Cash Position - Berkshire Hathaway's cash position has reached a record high of $334 billion, attributed to the sale of Apple stock and a lack of reinvestment into other stocks [5][7] - The cash balance includes short-term investments, such as Treasury bills, which are highly liquid [7] Market Speculation - Speculation exists regarding Buffett's cash allocation strategy, with some analysts suggesting concerns about the economy or inflated stock values as potential reasons for holding cash [8] - Buffett's historical caution against market timing suggests that his current strategy may not indicate a unique insight into market conditions [9][10]

0. Cur @ JIN10.COM JIN10.COM 金十数据 | 一个交易工具 gan - coMerce of the come com | 排名 | 名字 | 身价(美元) | 身价变化 | 公司 | | --- | --- | --- | --- | --- | | | 埃隆·马斯克 | 3688亿 | ↑ 72亿 1.99% | | | 2 | 杰夫·贝佐斯 | 1981亿 | 1 67亿 3.53% | 亚马逊 | | | 马克·扎克伯格 | 1802亿 | 1 68亿 3.94% | Meta | | 4 | 拉里·埃里森 | 1656亿 | ↑ 50亿 3.11% | 甲骨文 | | 5 | 沃伦·巴菲特 | 0 1639亿 | ↑ 18亿 1.12% | 伯克希尔哈撒韦 | | 6 | 贝尔纳·阿尔诺家族 | 1490亿 | ↑ 16亿 1.11% | LVMH | | 7 | 拉里·佩奇 | 1301亿 | 1 30亿 2.35% | 谷歌 | | 8 | 阿曼西奥·奥尔特加 10.0 | 1268亿 | ↑ 19亿 1.51% | Inditex | | 9 | 谢尔盖·布林 | 1 ...