净利润暴跌近60%，巴菲特遭遇“滑铁卢”？仍囤积超2.4万亿元现金！他就特朗普关税发出严厉警告，此前已宣布年底退休

Financial Performance - Berkshire reported a net income attributable to shareholders of $12.37 billion for Q2 2025, a significant decline of 59% compared to $30.35 billion in Q2 2024 [5][8] - Total revenues for Q2 2025 were $92.515 billion, slightly down from $93.653 billion in Q2 2024 [7] - Operating earnings decreased by 4% year-over-year to $11.16 billion, primarily impacted by a decline in insurance underwriting [8] Investment Activities - Berkshire has net sold stocks for the 11th consecutive quarter, with a recent sale of approximately $1.23 billion in VeriSign shares [10][13] - The company recorded an investment loss of $3.76 billion related to its stake in Kraft Heinz, marking a significant impairment [10] Cash Reserves - Cash reserves decreased from $347 billion at the end of Q1 2025 to $344.1 billion by the end of Q2 2025, marking the first decline in three years [8] Market Position and Concerns - Berkshire's top five holdings include American Express, Apple, Bank of America, Coca-Cola, and Chevron as of the end of Q2 2025 [4] - Concerns have been raised regarding the potential impact of international trade policies and tariffs on the company's operations and investments [9] Leadership Transition - Warren Buffett announced plans to retire as CEO by the end of 2025, with Greg Abel recommended as his successor [15] - Following the announcement of Buffett's retirement, Berkshire's Class A shares have dropped over 12%, reflecting investor concerns about the transition [15]