Buffett Tells Annual Q&A That Berkshire Exited Paramount at a Loss -- and That It's His Fault
Buffett Tells Annual Q&A That Berkshire Exited Paramount at a Loss -- and That It's His Fault
by Luzi Ann Santos, Jerry Kronenberg and Rayshawn Lin | moomoo News
作者 Luzi Ann Santos、Jerry Kronenberg 和 Rayshawn Lin | moomoo 新闻
Legendary billionaire investor Warren Buffett holding his traditional Q&A Saturday at the annual shareholder meeting of $Berkshire Hathaway-A (BRK.A.US)$. Here are highlights:
传奇亿万富翁投资者沃伦·巴菲特周六在年度股东大会上举行了传统的问答 $伯克希尔-A (BRK.A.US)$。以下是亮点：
Buffett's Parting Observation
巴菲特的离别观察
The 93-year-old Buffett ended his Q&A with a great line: "I not only hope you come next year, but I hope I come next year."
这位93岁的巴菲特以一句精彩的台词结束了他的问答：“我不仅希望你明年来，而且我希望明年我能来。”
Buffett Not Worried U.S. Deficit Will Create Too Many Treasury Bonds
巴菲特不担心美国的赤字会产生过多的国债
Buffett said that he’s not afraid the U.S. government’s large and growing deficit will create more Treasury bonds that investors will want to buy.
巴菲特表示，他不担心美国政府庞大且不断增长的赤字会创造更多投资者想要购买的国债。
“The speculation is that U.S. debt will be acceptable [to investors] for a very long time because there’s not much alternative,” he said.
他说：“有人猜测，在很长一段时间内，[投资者] 将可以接受美国债务，因为没有太多选择。”
The Berkshire chief said that if markets ever lose interest in Treasury bonds, the reason “won’t be the quantity. It’ll be whether in any way inflation would get let loose in a way that really threatened the whole world economic situation.”
伯克希尔首席执行官表示，如果市场对美国国债失去兴趣，原因 “不会是数量。这将取决于通货膨胀是否会以真正威胁到整个世界经济形势的方式得到缓解。”
Buffett Says Berkshire Has Exited Paramount, And That Money-Losing Stake Was His Decision
巴菲特说伯克希尔已经退出派拉蒙，而这笔亏损的股份是他的决定
Buffett disclosed first the first time that Berkshire has exited its large position in $Paramount Global-B (PARA.US)$, saying that the money-losing investment “was 100% my decision.”
巴菲特首次透露了伯克希尔首次退出其巨额头寸 $派拉蒙环球-B (PARA.US)$，他说亏损的投资 “完全是我的决定”。
“We lost quite a bit of money and that happens in this business,” he said. “I think I’m smarter now than I was a year or two ago [because of the investment], but I think I’m poorer, too.”
他说：“我们损失了很多钱，这种情况发生在这项业务中。”“[因为投资] 我认为我现在比一两年前更聪明，但我也觉得自己更穷。”
Berkshire bought about a 15% stake in the company in 2022, but disclosed in February that it sold about one-third of its stake. On Saturday, Buffett revealed that Berkshire has now dumped the rest.
伯克希尔在2022年收购了该公司约15％的股份，但在2月份透露出售了约三分之一的股份。周六，巴菲特透露，伯克希尔现在已经抛弃了其余部分。
Buffett Spoke in Response to Shareholder Question About Greg Abel
巴菲特在回答股东关于格雷格·亚伯的问题时发表讲话
Buffett says he would be comfortable with expected CEO successor Greg Abel handling capital allocation.
巴菲特表示，他对预期的首席执行官继任者格雷格·亚伯处理资本配置感到满意。
Berkshire Will Want to Buy Real Estate Brokerage
伯克希尔会想收购房地产经纪公司
Buffett says Berkshire will want to buy real estate brokerages 'at the right price,' even after recent legal settlements over broker commissions.
巴菲特说，即使在最近就经纪人佣金达成法律和解之后，伯克希尔仍希望 “以合适的价格” 收购房地产经纪公司。
Buffett Says Berkshire Will Continue Even After He Passes Away
巴菲特说，伯克希尔在他去世后仍将继续
Buffett, 93, said Berkshire is well prepared to continue on even after he passes on.
现年93岁的巴菲特说，即使在他去世之后，伯克希尔也已经做好了继续前进的充分准备。
“We’re very well fixed now … but you have to provide for the contingency,” he said. “There are several people on the board who know what I would do. … The right CEO can make a terrible business great.”
他说：“我们现在已经修复得很好... 但你必须做好应急准备。”“董事会中有几个人知道我会做什么。... 合适的首席执行官可以让糟糕的企业变得更好。”
Buffett Says AI Will Be Risky Like Nuclear Weapons
巴菲特说人工智能会像核武器一样冒险
Buffett said artificial intelligence will be very powerful, but potentially tough to control like nuclear weapons.
巴菲特说，人工智能将非常强大，但可能像核武器一样难以控制。
He said that he’s heard fake AI-generated audio of himself that even his own family would think is real.
他说，他听过人工智能生成的虚假音频，即使是他自己的家人也会认为这是真实的。
"Scamming is going to the be growth industry of all time,” the Berkshire chief said.
伯克希尔首席执行官说：“诈骗将成为有史以来增长的行业。”
Berkshire Likely to Focus Big Investments on the United States
伯克希尔可能会将大笔投资集中在美国
Buffett said it's likely any big investment that Berkshire Hathaway will be in the United States, instead of outside the country.
巴菲特说，伯克希尔·哈撒韦公司的任何大笔投资都可能在美国进行，而不是在国外。
"If we do something big, it will likely be in the United States," Buffett said, in response to a question whether the conglomerate will be investing in a company based in Hong Kong or China, after taking a stake in Chinese electric vehicle marker $BYD Co. (BYDDF.US)$. "Our primary investments will only be in the United States."
巴菲特在回答收购中国电动汽车市场的股份后是否会投资一家总部位于香港或中国的公司的问题时说：“如果我们做大事，很可能会在美国。” $BYD Co. (BYDDF.US)$。“我们的主要投资将只在美国。”
He noted that $BYD Company ADR (BYDDY.US)$ was among the biggest investment ideas that came from his late business partner late Charlie Munger, including $Costco (COST.US)$.
"That was just overwhelmingly compelling," Buffett said. "It was extraordinarily compelling and we bought as fast as we could." Still, he said "you won't find us investing a lot outside the United States."
他指出 $比亚迪(ADR) (BYDDY.US)$ 是他已故商业伙伴查理·芒格提出的最大投资想法之一，包括 $好市多 (COST.US)$。
巴菲特说：“这简直令人信服。”“它非常引人注目，我们尽可能快地购买了商品。”尽管如此，他说：“你不会发现我们在美国以外的地方进行大量投资。”
Berkshire Cash Holdings to Soon Hit $200 Billion
伯克希尔现金持股量将很快达到200亿美元
Buffett said Berkshire's cash hoard will climb to $200 billion at the end of the quarter.
巴菲特表示，伯克希尔的现金储备将在本季度末攀升至2000亿美元。
Speaking at the company's annual shareholders' meeting, Buffett said Saturday morning that the conglomerate remains committed to maintaining its investing guidelines, putting money to work with investors.
巴菲特周六上午在公司的年度股东大会上发表讲话时表示，该集团仍然致力于维持其投资指导方针，将资金用于投资者。
"We'd love to spend it," he said, but noted that they will deploy its cash when the opportunity comes.
Earlier Saturday, the company said its cash had climbed to over $180 billion as of the end of March. The company also released its first quarter results that showed a 39% surge operating profit after taxes to $11.2 billion in the three months ended March. The conglomerate also reported a decline in its stake in $Apple (AAPL.US)$ to $135.4 billion, from $174.3 billion in the fourth quarter of 2023.
他说：“我们很乐意花钱，” 但他指出，他们将在机会来临时部署现金。
周六早些时候，该公司表示，截至3月底，其现金已攀升至1800亿美元以上。该公司还发布了第一季度业绩，显示截至3月的三个月中，税后营业利润增长了39％，达到112亿美元。该集团还报告称，其持有的股份有所下降 $苹果 (AAPL.US)$ 从2023年第四季度的1743亿美元增至1354亿美元。
"We've been saving your money and putting it to work," Buffett told the shareholders. Still, he acknowledged that not all the company's investments worked out as well he had hoped, although he stressed, "we never get close to fatal mistakes."
巴菲特告诉股东：“我们一直在为你存钱并将其付诸实践。”尽管如此，他承认，并非公司的所有投资都如他所希望的那样顺利完成，尽管他强调，“我们永远不会犯下致命的错误。”
The company led by Buffett said about 79% of the aggregate fair value of its holdings are concentrated in five companies including $American Express (AXP.US)$ at $34.5 billion, $Bank of America (BAC.US)$ at $39.2 billion, $Coca-Cola (KO.US)$ at $24.5 billion and$Chevron (CVX.US)$ at $19.4 billion.
以巴菲特为首的公司表示，其持股总公允价值中约有79％集中在五家公司中，包括 $美国运通 (AXP.US)$ 为345亿美元， $美国银行 (BAC.US)$ 为392亿美元， $可口可乐 (KO.US)$ 为245亿美元，$雪佛龙 (CVX.US)$ 为194亿美元。
That compares with about 79% concentrated in at the end of December, according to its consolidated financial statement released Saturday.
相比之下，根据其周六发布的合并财务报表，约有79％的人集中在12月底。
-- Reuters contributed to this story.
——路透社为这个报道做出了贡献。