新鲜出炉！巴菲特股东大会十大金句

Core Viewpoint - The annual Berkshire Hathaway shareholder meeting highlighted Warren Buffett's investment philosophy, emphasizing rational decision-making over emotional reactions, cautious optimism towards AI, and the importance of patience in investment strategies [3][4][5][8]. Group 1: Investment Philosophy - Buffett stated that even a 30% drop in Berkshire's stock price would be viewed as a "very good opportunity," underscoring the importance of rational judgment during market volatility [4]. - He emphasized that good investment opportunities are not frequent, advocating for patience and a willingness to wait for attractive situations rather than forcing investments [8]. - Buffett expressed that incorrect investments are more dangerous than not investing at all, indicating a preference for maintaining a significant cash reserve until better opportunities arise [11]. Group 2: AI and Technology - Despite the hype surrounding AI, Buffett remains cautious, asserting that not all investments should revolve around AI, and he has delegated AI-related decisions to insurance head Ajit Jain [5]. - Jain acknowledged that AI could bring disruptive changes to the insurance sector but confirmed that Berkshire would adopt a "wait-and-see" approach to avoid being a trend follower [5]. Group 3: Trade and Global Relations - Buffett reiterated his support for free trade, arguing that balanced and stable global trade benefits all countries in the long run [6][7]. Group 4: Company Operations and Strategy - Vice Chairman Greg Abel highlighted that Berkshire's strong balance sheet and ample cash reserves provide a strategic advantage, allowing the company to operate without relying on external financing [9]. - Buffett remarked that the size of Berkshire makes finding high-return investments more challenging, indicating that the company's scale is a significant hurdle [10].