巴菲特留给投资界的珍贵启示

Core Insights - Warren Buffett announced that he will hand over the CEO position of Berkshire Hathaway to Greg Abel by the end of the year, drawing global investor attention [1] - Buffett's investment career is marked by a remarkable wealth creation story, with Berkshire Hathaway's market value soaring from $4.7 million in 1965 to $1.16 trillion today, and a stock price increase of over 55,000 times over the past 60 years [1] - The investment philosophy of Buffett emphasizes value investing, focusing on "buying great companies at reasonable prices" and incorporating intangible assets into valuation frameworks [1][2] Investment Philosophy - Buffett's investment philosophy can be summarized in four key concepts: circle of competence, contrarian investing, margin of safety, and long-term holding [2] - He prefers to invest in areas he understands and maintains a disciplined approach, especially in the face of technological trends like AI, where he admits to not fully understanding the technology [2] - The transition of leadership to Greg Abel signifies the continuation of Buffett's well-honed business philosophy, which emphasizes rationality and patience in investing [2]