Special topic: Buffett's 2024 shareholders' meeting hit

Source: Yangcheng School

On May 4, local time, Berkshire Hathaway once a yearPrincearcadesThe shareholders' meeting was held in the American town of Omaha. This shareholders' meeting is also the first solo appearance of Warren Buffett since the death of his old partner Munger.

At the shareholders' meeting, Buffett successively talked about his good friend Munger, reducing his Apple holdings, cash reserves and other topics, and also responded to the question of "whether to continue to invest in China." It is reported that Microsoft founder Bill Gates, Apple CEO Tim Cook and other business leaders all showed up at the conference.

The first question in the question and answer session of the shareholders' meeting was asked by a shareholder from Hong Kong, China: "Mr. Buffett, Berkshire has invested in BYD before." Will you continue to invest in other companies in China in the future? "

Buffett replied: "We firmly believe that our main investment target will be in the United States."PrincearcadesYou see, the Coca-Cola or American Express we invest in are companies that expand their business around the world. It is a global consensus that companies with global operations, such as American Express or Coca-Cola, are hard to find around the world. And I think the investment in BYD is similar to the investment we made in Japan five years ago: we quickly invested in five trading houses in Japan, and you rarely see us make such investments overseas in the United States. even though we are participating in the world economy through these companies. I understand America's rules, weaknesses and strengths. I don't feel that way in other parts of the world. "

Buffett specifically mentioned that Munger used to follow his wishes and agree with his proposals, but only twice clapped the table with him and asked him to "buy", once in BYD and the other in Costco. Buffett believes that Munger was right at the important moment of investing in both companies.