Apple(US:AAPL) 私募排排网·2025-08-10 01:07Core Viewpoint - Warren Buffett, known as the "Oracle of Omaha," has created an unparalleled investment legacy, achieving significant wealth through strategic investments and a unique approach to value investing [3]. Group 1: Background and Early Life - Buffett was born on August 30, 1930, in Omaha, Nebraska, into a family with a strong business background, which influenced his frugality and investment mindset [10]. - His father, Howard, initially pursued a career in insurance but later became a stockbroker, which exposed Buffett to the stock market from a young age [11]. - Buffett displayed an early affinity for money and business, starting his first venture at age seven by selling gum door-to-door [14]. Group 2: Investment Journey - Buffett's investment philosophy was shaped by his mentor, Benjamin Graham, particularly the concept of "margin of safety," which emphasizes investing in undervalued stocks [15]. - In 1962, Buffett began acquiring shares of Berkshire Hathaway, initially seeing it as an undervalued investment opportunity [18]. - Under Buffett's leadership, Berkshire Hathaway transformed from a struggling textile company into a diversified investment conglomerate, expanding into various sectors including insurance and energy [18]. Group 3: Recent Developments - As of early 2025, Buffett expressed caution regarding the U.S. stock market, noting that the S&P 500's price-to-earnings ratio had reached a near 20-year high, indicating potentially inflated valuations [20]. - Berkshire Hathaway's stock portfolio was valued at approximately $256.46 billion, with significant holdings in Apple, American Express, and Coca-Cola, which together accounted for over 50% of the portfolio [21][24]. - Buffett maintained a substantial cash reserve of $344 billion, positioning Berkshire to capitalize on future market opportunities [25]. Group 4: Investment Principles - Buffett's investment principles include the importance of long-term holding, focusing on companies with strong fundamentals, and avoiding speculative investments [28][29]. - He emphasizes the significance of understanding a company's intrinsic value and the importance of high return on equity (ROE) as a key indicator of a company's financial health [36]. - Buffett advocates for investing in businesses that one understands well, avoiding the temptation to chase trends outside one's expertise [34].