Core Insights - Warren Buffett, at 95, announces a gradual exit from the Berkshire Hathaway annual shareholder meeting, passing the leadership to Greg Abel, marking the end of an era for Buffett as a public investment mentor [2] - Buffett emphasizes the enduring principles of value investing, including long-termism, rational judgment, and the pursuit of intrinsic value, which remain relevant despite the rise of new investment trends like AI and cryptocurrencies [3][4] Group 1 - Buffett expresses full trust in successor Greg Abel, highlighting the importance of leadership that is not focused on retirement, wealth display, or family dynasties, indicating that the vitality of a company lies in its culture and values [3] - Despite skepticism regarding the relevance of value investing in the face of rapidly rising stocks in new sectors, Buffett maintains that the core of value investing—deep understanding of fundamentals and calm market judgment—remains unchanged [3] - Buffett's consistent focus on virtues such as kindness and gratitude underscores that investing is not merely a numbers game but also a reflection of human character [4] Group 2 - Buffett's commitment to his hometown of Omaha, away from Wall Street's chaos, has contributed to his ability to maintain calm and independent judgment, which is crucial for successful value investing [4] - The investment philosophy and wisdom represented by Buffett will continue to be relevant, especially in today's information-saturated and emotionally volatile market environment [4] - Buffett encourages investors to find suitable role models and emulate them, reinforcing the idea that improvement is always possible [4]
巴菲特谢幕 但价值投资不会过时
Zheng Quan Shi Bao·2025-11-11 17:58