净利润暴跌近60% 巴菲特遭遇“滑铁卢”？他就特朗普关税发出严厉警告

Core Points - Berkshire Hathaway reported a significant decline in net profit, down 59% year-over-year, with net income for Q2 2025 at $12.37 billion compared to $30.35 billion in the same period last year [2] - The company has sold stocks for the 11th consecutive quarter, including a recent sale of approximately $1.23 billion in VeriSign shares [4] - Berkshire's cash reserves decreased slightly to $344.1 billion, marking the first decline in three years [2] Financial Performance - Revenue for Q2 2025 was $92.515 billion, a slight decrease from $93.653 billion in the previous year [2] - Operating profit fell 4% year-over-year to $11.16 billion, primarily due to a decline in insurance underwriting performance, while profits from railroads, energy, manufacturing, services, and retail sectors increased [2][3] Investment Strategy - Berkshire has not repurchased any shares in the first half of 2025, despite a more than 10% drop in stock price from its historical high [1] - The company recorded a $3.8 billion impairment on its investment in Kraft Heinz, reducing its book value to $8.4 billion [3] Management Transition - Warren Buffett announced plans to retire as CEO by the end of 2025, with Greg Abel recommended as his successor [5] - Following the announcement, Berkshire's Class A shares have dropped over 12%, underperforming the S&P 500 index [5] Market Sentiment - Investors are concerned about the potential decline of the "Buffett premium" following the CEO transition and the lack of new investment activities [6] - The market has shifted from defensive stocks like Berkshire to other investment opportunities, increasing selling pressure on the stock [6]