巴菲特年底退休，资本主义“先知”谢幕

Core Viewpoint - Warren Buffett, the renowned investor known as the "Oracle of Omaha," announced his retirement as CEO of Berkshire Hathaway by the end of 2025, coinciding with Donald Trump's potential second term, raising questions about the future of American capitalism [2][5] Group 1: Investment Philosophy - Buffett emphasizes the importance of long-term value investing, focusing on companies with sustainable high profit margins to achieve compounding returns [3] - He believes that market pessimism can create investment opportunities when intrinsic value is overlooked [3] - Buffett's investment strategy has led to a remarkable 60-year increase in his company's stock price by 60,000 times, showcasing the potential of stock ownership as a means of participating in long-term corporate growth [3] Group 2: Historical Impact - Buffett has played a crucial role during financial crises, such as serving as interim chairman of Solomon Brothers and providing financial support during the Lehman crisis [4] - His annual shareholder meetings attract up to 40,000 attendees, promoting a sense of "people's capitalism" that contrasts with the elite nature of Wall Street [4] Group 3: Future Directions - As Buffett prepares to pass the baton to the next generation, he has made significant investments in Japanese trading companies, indicating a renewed interest in Japan's economic potential post-bubble [4] - He is gradually reducing his stake in Apple and increasing cash reserves, suggesting a strategic shift in his investment approach [5]