The world's top billionaires have ushered in a major reshuffle.

Buffett's Japan layout began in 2020, when he bought 5% of each of the five major trading companies for about US$30 billion.

Abel's succession was not a hasty decision.

Does the "stock god" stop buying stocks?

Since the beginning of this year, Berkshire has been selling off its Apple stock holdings. As of September 30, the company had reduced its holdings of Apple shares by two-thirds.

According to the latest filing, Berkshire Hathaway sold 21.1 million shares of Bank of America stock over the three-day period of Aug. 28-30, at an average selling price of $40.24, for a total of nearly $850 million in cash.

In the second quarter of this year, Berkshire Hathaway reduced its stake in Apple shares by more than 389 million shares, with the number of shares falling to 400 million from 789 million in the first quarter, a decrease of 49.3% from the previous quarter, nearly decimating the stock.

Berkshire Hathaway's holdings of short-term US Treasury bonds have reached $234.6 billion, even surpassing the Federal Reserve, which is once again seen by market participants as a reason for concern about the US economic recession, as the "stock god" has said in the past that he would purchase short-term Treasury bonds during economic crises. In contrast, the Federal Reserve also holds only US $1953 billion of short-term treasury bonds and US $4.4 trillion of treasury bond, including long-term treasury bond, short-term bills and inflation linked securities. Before the global stock market suffered a "battle royale" this week, Buffett significantly reduced his holdings in many US stocks, including Apple, last quarter, selling for seven consecutive quarters and accelerating his selling in the second quarter, selling a total of $75 billion worth of stocks.

Warren Buffett's Berkshire disclosed earnings show that the company in the second quarter sold 49.4% of its stake in Apple, the number of shares from the end of the first quarter of 789 million shares, a big drop to the end of the second quarter of about 400 million shares. Since mid-July, Buffett also began to shrink its second largest position - Bank of America, its Berkshire has been 12 consecutive trading days to reduce its holdings of Bank of America, during which the cumulative holdings of 90 million shares, cash out of about 3.8 billion U.S. dollars. In addition, the earnings report shows that Berkshire's second quarter revenue of $93.653 billion, the market expected $91.09 billion, net profit of $30.348 billion, greatly exceeding expectations previously expected to be $17.786 billion. At the end of the second quarter, Berkshire's cash reserves of $276.9 billion to a new high, while the end of the first quarter for $189 billion.

Warren Buffett's Berkshire has stepped up its efforts to sell shares of Bank of America (BAC), having dumped more than $3.8 billion of BAC stock since mid-July.

Buffett and Munger have held BYD for 14 years and sold below 5% in less than two years.

Occidental is aggressively pursuing green revolution and long-term growth projects and is partnering with Berkshire Hathaway on lithium production.

In the era of rapid digital transformation and financial innovation, some argue that the most successful investors primarily come from the Silent Generation and the Baby Boomer generation, suggesting a preference for long-term investment strategies.

On June 11th, Buffett's Berkshire Hathaway continued to reduce its holdings in BYD, selling a total of 1.3475 million BYD H-shares at an average price of HKD 230.46 per share. The transaction involved a total of HKD 310 million, with the shareholding ratio dropping from 7.02% to 6.9%.

According to the documents, as of March 31, Berkshire holds over 25.9 million shares of Anda Insurance, valued at approximately $6.7 billion. Anda Insurance has also become Berkshire's ninth largest holdings.

Buffett is known for looking for undervalued companies, but it's widely believed that there's a big bubble in Tesla stock right now。

Recently, Buffett's Berkshire Hathaway released its first quarter 2024 financial report before the opening of the Q&A session at the shareholders' day meeting. According to the financial report, Berkshire Hathaway's cash reserves reached a record $189 billion in the first quarter, compared with $167.6 billion at the end of last year. Among them, the value of Apple's holdings fell from US$174.3 billion to US$135.4 billion. Buffett said this was for tax reasons because of the substantial gains from the investment, not because of his long-term judgment on the stock.

The annual Buffett shareholders meeting was held from May 3rd to 5th Eastern Time in the small town of Omaha, USA.

Economic moats are one of the rules for selecting companies worth investing in for the long term, but Musk has attacked the moat concept as outdated。This article takes an in-depth look at the economic moat and ideas about whether it is outdated。

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