Core Viewpoint - The article discusses the recent adjustments made by Berkshire Hathaway in its investment portfolio, particularly the significant new position in Alphabet and the continued reduction of its stake in Apple, indicating a potential shift in investment strategy under Warren Buffett's leadership as he approaches retirement [3][5][10][13]. Group 1: Berkshire Hathaway's Investment Changes - Berkshire Hathaway has established a new position in Alphabet, acquiring approximately 17.85 million shares valued at $4.3 billion, making it the 10th largest holding in the portfolio [5][8]. - The investment in Alphabet is notable as it reflects a departure from Buffett's traditional cautious stance on high-growth tech stocks, suggesting a possible shift towards technology investments [10][13]. - In contrast, Berkshire has reduced its stake in Apple by 14.92%, decreasing its holdings from 280 million shares to 238.2 million shares, with a current market value of $60.7 billion [10][12]. Group 2: Market Reactions and Economic Context - The U.S. stock market showed mixed results, with the Dow Jones falling by 0.65% and the Nasdaq rising by 0.13%, reflecting investor sentiment amid fluctuating inflation expectations and economic data uncertainty [15][18]. - Market expectations for a Federal Reserve rate cut in December have significantly decreased, with the probability dropping from 67% to below 50%, influenced by recent inflation trends [18][20]. - The upcoming release of key economic data, including the revised GDP figures and PCE index, is anticipated to provide further insights into the economic landscape and its impact on monetary policy [19][20].

由于最近出现通胀持续的迹象，市场对美联储在12月会议上降息的预期明显下降。根据芝商所的FedWatch数据，市场认为美联储12月降息25个基点的概 率，已经从上周的67%降到不足50%。 当地时间周五（11月14日），美股主要指数收盘涨跌不一。本周以来，美股市场受制于通胀预期反复、经济数据真空、财政政策不确定性及全球供应链扰 动。再叠加AI投资情绪过热，投资者风险偏好下降，全球风险资产周五普遍回调。 周五，伯克希尔·哈撒韦公司（下简称"伯克希尔"）披露的13F报告显示，在今年底"退休"进入倒计时之际，巴菲特领导的伯克希尔公司调整了对美国科技 巨头的押注。 今年第三季度伯克希尔最大的个股持仓集中在两家科技巨头——苹果和谷歌母公司Alphabet。其中，苹果进一步被抛售，Alphabet则被首次建仓。考虑到 巴菲特传统的价值投资理念以及他对高增长科技股的谨慎态度，建仓Alphabet的举动令市场颇感意外。 伯克希尔43亿美元建仓谷歌母公司 周五，美国知名投资人沃伦·巴菲特旗下伯克希尔公司披露的13F报告显示，公司于今年三季度末新建仓谷歌母公司Alphabet，持股数约1785万股，持仓规 模高达43亿美元，使其跻 ...