伯克希尔二季度利润骤降59%，巴菲特接班人还能保持投资神话吗？

Group 1 - Warren Buffett announced his retirement at the Berkshire Hathaway shareholder meeting in May, with Greg Abel set to become CEO on January 1 next year [2] - Following the retirement announcement, Berkshire Hathaway's stock price has been on a downward trend, with a cumulative decline of nearly 15% since its peak in early May [2] - Berkshire Hathaway's cash reserves remain high at $344.1 billion, despite a slight decrease in the latest financial report, indicating a cautious investment strategy amid concerns over high market valuations [2] Group 2 - In contrast to the overall market performance, Berkshire Hathaway's stock rose over 17% in the first quarter, but it has underperformed in the subsequent quarters as the market began to recover [3] - The company's net profit significantly dropped by 59% in the second quarter, largely due to substantial write-downs related to Kraft Heinz, and there has been no stock buyback plan during the stock price decline [3] - The lack of stock buybacks may be attributed to the stock not being undervalued enough and the introduction of a 1% stock buyback tax under the Inflation Reduction Act, which increases the cost of buybacks [3] Group 3 - Despite the less favorable performance in the second and third quarters, Berkshire Hathaway remains one of the best-performing public companies globally [4] - The transition from Buffett's era to Greg Abel's leadership is anticipated, with limited market knowledge about Abel's management and investment capabilities [4] - There is optimism that Abel, having been rigorously selected by Buffett, will continue the investment legacy established by Buffett [4]