• 伝説のバフェットOP : [How to display subtitles] Tap the screen and press the “CC” button. If you don't see the CC button, update to the latest version.

  Report

  Reply
  Cancel Reply

• 伝説のバフェットOP : Moomoo Securities also supports 24-hour trading of US stocks.
  What's more, now there is also a campaign where you can always win popular stocks (purchase price)!
  https://j.moomoo.com/00CpC0

  Report

  Reply
  Cancel Reply

• 伝説のバフェットOP : When you trade Japanese stocks for the first time
  1,000 yen cash gift! Check it out right now!
  https://j.moomoo.com/00N5G3

  Report

  Reply
  Cancel Reply

• 伝説のバフェットOP : The live stream starts at 23:15. Thank you very much.

  Report

  Reply
  Cancel Reply

• 伝説のバフェットOP : I'd like to move on to earnings and a few small slides explaining what we're aiming for. Then, let's move on to the Q&A. Operating profit for the first quarter was reported to be just over $8 billion. Operating profit basically refers to Berkshire Hathaway's general profit based on GAAP. However, realized/unrealized capital gains are excluded. There are very few other items, but basically, I expect to see a return on capital over time. This is because there is no reason to hold shares. Overall, however, things are going well over the long term, but sometimes this isn't the case over a day, quarter, year, or even 5 years. There have been incredible successes in the business world, but there have also been extreme cases, such as Godzilla during World War II. The situation was extreme this time too. A good system was lacking, and people shopped and didn't wait for sales. If something didn't sell, I would put something else in the backlog. It was a very peculiar time. However, that period is over, and employment is not plummeting, but the situation is different from six months ago, and many managers are responding to the changes. Next, I'd like to move on to earnings and a few small slides explaining what we're aiming for. Then, let's move on to the Q&A. Operating profit for the first quarter was reported to be just over $8 billion. Operating profit basically refers to Berkshire Hathaway's general profit based on GAAP. However, realized/unrealized capital gains are excluded. There are very few other items, but basically, I expect to see a return on capital over time. This is because there is no reason to hold shares. Overall, however, things are going well over the long term, but sometimes this isn't the case over a day, quarter, year, or even 5 years.

  Report

  Reply
  Cancel Reply

• 伝説のバフェットOP : They are slightly different from bank deposits, but there is a very important difference. You have to pay interest on bank deposits, and interest has been getting higher recently. You have to run a bank and do a lot of things. Basically, this money represents unpaid losses that were prepaid by insurance. What appears as net debt on the balance sheet gives me the opportunity to manage funds with discretion that no other insurance company in the world has, as far as I know. That's because we have so much net worth, and our float (high underwriting) has reached 165 billion dollars. The person sitting on the far left is responsible for raising that figure so that it doesn't cost us almost every year, from the 1986 bench to this incredible number. It's like a bank that doesn't require employees or interest, and doesn't have the ability to withdraw money. It's an invaluable asset for us.

  Report

  Reply
  Cancel Reply

• 伝説のバフェットOP : First, think about Geico and Float, the beginning of my career. If you think about a balance sheet, there are assets and liabilities, and the debt side is raising funds on the asset side. Shareholders' equity is extremely expensive, and long-term debt is also temporarily cheap, but there are times when it gets higher or expires. Floats appear as liabilities, but they don't cost anything and don't disappear abruptly. It raises funds on the asset side in the same way as shareholders' equity. Nobody else thinks of it that way, but we've always thought of it that way. And that has increased over time. Cash and government bonds until March 31 are shown below. And I'll tell you that roughly $7 billion was added in April. Part of that is because they didn't buy many stocks, which would reduce cash and government bonds. Ultimately, we bought $400 million worth of stock in April, which is negative.

  Report

  Reply
  Cancel Reply

• 伝説のバフェットOP :

  Report

  Reply
  Cancel Reply

View more comments...