巴菲特淡化美股波动 警告"贸易不应成为武器"

Core Viewpoint - Warren Buffett reiterated his classic investment philosophy at the Berkshire Hathaway annual shareholder meeting, emphasizing that market volatility is a necessary test for long-term investors [1] Group 1: Market Volatility - Buffett stated that recent market fluctuations over the past 30 to 45 days are insignificant, recalling that Berkshire's stock price has experienced three 50% declines in its 60-year history [3] - He expressed that a potential 50% drop in Berkshire's stock would be seen as an excellent investment opportunity, indicating that current market performance does not meet the standard of "significant change" [3] Group 2: Trade Policies - Buffett commented on the U.S. tariff policies, stating that "trade should not be used as a weapon" and emphasized the importance of seeking trade partnerships with other countries [4] - He reiterated that investors need to adopt a different investment mindset if they are concerned about a 15% drop in stock prices, highlighting the necessity to manage emotions in investing [4] Group 3: Investment Strategy and Future Plans - Buffett revealed that Berkshire has a significant cash reserve and may encounter major investment opportunities in the next five years, mentioning a recent consideration of a $10 billion acquisition [4] - He expressed confidence in the Japanese market, planning to hold stocks in major Japanese trading companies for fifty years, and stated that he would not sell even if the Bank of Japan raises interest rates [4] Group 4: Succession Planning - The succession issue was addressed as Buffett announced plans to propose Greg Abel as the new CEO by the end of the year, while he will continue as chairman of the board [4] - Buffett committed to not selling any Berkshire shares, opting instead for gradual donations [4]