巴菲特年底退休，资本主义“先知”谢幕

Core Viewpoint - Warren Buffett, known as the "Oracle of Omaha," announced his retirement as CEO of Berkshire Hathaway by the end of 2025, coinciding with Donald Trump's potential second term, raising questions about the future of American capitalism [1][5]. Group 1: Investment Philosophy - Buffett emphasizes long-term value investing, focusing on high-margin quality companies to achieve compounding returns, akin to a snowball effect [2]. - He advocates for investing only in businesses that are well understood, as demonstrated during the 2000 IT bubble when he refrained from investing in technology stocks [2]. - Buffett's investment strategy has led to a remarkable 60-year growth of his company's stock price by 60,000 times, showcasing a sustainable model of American capitalism [2]. Group 2: Crisis Management - Throughout various crises, Buffett has played a pivotal role, such as serving as interim chairman of Solomon Brothers during a scandal and providing financial support during the Lehman crisis [2]. - His actions during these times highlight his commitment to maintaining corporate reputation and stability in the financial system [2]. Group 3: Cultural Impact - Buffett's approach to investing has fostered a culture of "inclusive capitalism," where annual shareholder meetings attract up to 40,000 attendees, celebrating the achievements of capitalism [3]. - He has openly criticized the U.S. government's fiscal policies, indicating a broader concern for the economic system [3]. Group 4: Future Investments - As Buffett prepares to pass the leadership baton, he has made significant investments in Japanese trading companies, reflecting a renewed interest in Japan's economic potential post-bubble [4][5]. - He is gradually reducing his stake in Apple and increasing cash reserves, signaling a strategic shift as he steps back from active management [5].