巴菲特，重磅来袭！

Core Insights - Berkshire Hathaway, led by Warren Buffett, issued a statement clarifying that recent videos claiming to feature Buffett's comments were AI-generated fraudulent videos, not recorded by him. Buffett expressed concern over the potential spread of such misleading content [1] Financial Performance - For Q3, Berkshire Hathaway reported revenues of $94.972 billion, a year-over-year increase of 2.13%. Net profit attributable to shareholders was $30.796 billion, up 17% from the previous year. Operating profit reached $13.49 billion, a significant increase of 34% compared to $10.09 billion in the same quarter last year [4] - As of the end of Q3, Berkshire's cash reserves hit a record high of $381.67 billion, with no stock buybacks for nine consecutive months [4] Stock Holdings and Transactions - Berkshire's cost basis for its consumer goods stock holdings decreased by approximately $1.2 billion compared to the previous quarter, primarily due to a reduction in Apple stock holdings. This indicates a further reduction in Apple shares by Berkshire in Q3 2025 [4] - Since last year, Buffett has reduced his Apple holdings by about two-thirds, with speculation that the significant reduction may reflect concerns over Apple's high valuation [5] - Berkshire has net sold stocks for 12 consecutive quarters, raising over $6 billion in cash through stock sales in Q3 alone [5] Future Plans and Investments - Berkshire is preparing to issue yen-denominated bonds, potentially indicating an increased investment strategy in Japan [6]