wc77
2021-05-18
like and comment pls
What Berkshire Hathaway’s Latest Filing Tells Us About Warren Buffett’s View on Stocks<blockquote>伯克希尔-哈撒韦公司的最新文件告诉我们沃伦-巴菲特对股票的看法</blockquote>
免责声明：上述内容仅代表发帖人个人观点，不构成本平台的任何投资建议。
分享至
微信
复制链接
精彩评论
我们需要你的真知灼见来填补这片空白
打开APP，发表看法
APP内打开
发表看法
3
7
{"i18n":{"language":"zh_CN"},"detailType":1,"isChannel":false,"data":{"magic":2,"id":194898216,"tweetId":"194898216","gmtCreate":1621351699435,"gmtModify":1634192201259,"author":{"id":3576029059404897,"idStr":"3576029059404897","authorId":3576029059404897,"authorIdStr":"3576029059404897","name":"wc77","avatar":"https://static.tigerbbs.com/9ece187c7197f1ec611a9df7730f776e","vip":1,"userType":1,"introduction":"","boolIsFan":false,"boolIsHead":false,"crmLevel":11,"crmLevelSwitch":0,"individualDisplayBadges":[],"wearingBadges":[],"fanSize":13,"starInvestorFlag":false},"themes":[],"images":[],"coverImages":[],"title":"","extraTitle":"","html":"<html><head></head><body><p>like and comment pls</p></body></html>","htmlText":"<html><head></head><body><p>like and comment pls</p></body></html>","text":"like and comment pls","highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":3,"repostSize":0,"favoriteSize":0,"link":"https://laohu8.com/post/194898216","repostId":1102820235,"repostType":4,"repost":{"id":"1102820235","kind":"news","pubTimestamp":1621350672,"share":"https://www.laohunote.com/m/news/1102820235?lang=zh_CN&edition=full","pubTime":"2021-05-18 23:11","market":"us","language":"en","title":"What Berkshire Hathaway’s Latest Filing Tells Us About Warren Buffett’s View on Stocks<blockquote>伯克希尔-哈撒韦公司的最新文件告诉我们沃伦-巴菲特对股票的看法</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1102820235","media":"Barrons","summary":"Warren Buffett likes to say his preferred holding period for businesses is forever, but when it come","content":"<p>Warren Buffett likes to say his preferred holding period for businesses is forever, but when it comes to stocks, he is more willing to trade.</p><p><blockquote>沃伦·巴菲特喜欢说他对企业的首选持有期是永远，但当谈到股票时，他更愿意交易。</blockquote></p><p> Berkshire Hathaway (ticker: BRK.A, BRK.B) disclosed on Monday that it had largely eliminated its remaining holding in Wells Fargo (WFC), cut back its stake in Chevron (CVX) by more than 50%, to 23.7 million shares, and reduced an investment in Merck (MRK) by 37%, to 17.9 million shares, according to itsquarterly 13-F filing.</p><p><blockquote>伯克希尔哈撒韦公司（股票代码：BRK.A、BRK.B）周一披露，已基本清算了其在富国银行 (WFC) 的剩余股份，将其在雪佛龙 (CVX) 的股份削减 50% 以上，至 2370 万股，并根据其季度 13-F 文件，对默克 (MRK) 的投资减少了 37%，至 1790 万股。</blockquote></p><p> The Chevron sale is notable because Berkshire accumulated a position of 48.5 million shares relatively recently, in the second half of 2020, making Chevron Berkshire’s second largest new equity investment of the year, behind only Verizon Communications (VZ). The Merck holding also was accumulated in 2020.</p><p><blockquote>雪佛龙的出售之所以引人注目，是因为伯克希尔在 2020 年下半年积累了 4850 万股股票的头寸，使雪佛龙成为伯克希尔今年第二大新股权投资，仅次于 Verizon Communications (VZ)。默克持股也是在2020年积累的。</blockquote></p><p> Berkshire was even granted confidentiality by the Securities and Exchange Commission and didn’t have to disclose its Chevron holding at the end of the third quarter as Berkshire was building its position.</p><p><blockquote>伯克希尔甚至获得了美国证券交易委员会的保密权，在第三季度末，随着伯克希尔建立起自己的地位，伯克希尔无需披露其持有的雪佛龙股份。</blockquote></p><p> There was little or no change in most of Berkshire’s equity portfolio, totaling almost $300 billion, which is overseen by CEO Buffett. He has not been enamored of stocks, preferring to use Berkshire’s ample cash flow to repurchase Berkshire shares.</p><p><blockquote>伯克希尔的大部分股票投资组合几乎没有变化，总额近 3000 亿美元，由首席执行官巴菲特监管。他并不迷恋股票，更喜欢利用伯克希尔充裕的现金流回购伯克希尔股票。</blockquote></p><p> The company was a net seller of $4 billion of stocks in the first quarter,according to its 10-Q report. Its only sizable new purchase was nearly $1 billion ofAon(AON), the insurance broker. Berkshire was a net seller of $8 billion of stocks in 2020, while it bought back almost $25 billion of its own shares.</p><p><blockquote>根据其 10 季度报告， 该公司第一季度净卖出价值 40 亿美元的股票。它唯一一笔可观的新收购是价值近 10 亿美元的保险经纪人 ofAon (AON)。伯克希尔在 2020 年净卖出了 80 亿美元的股票，同时回购了近 250 亿美元的自有股票。</blockquote></p><p> There also had been speculation that an institutional buyer had been accumulating Berkshire’s supervoting class A stock in the first quarter, given the elevated volume in shares that typically trade lightly. But no large buyer was evident in the 13-F filings.</p><p><blockquote>还有人猜测，鉴于伯克希尔公司第一季度交易量较小的股票成交量较大，有机构买家一直在囤积伯克希尔公司的超级投票权 A 类股票。但在 13-F 文件中没有明显的大买家。</blockquote></p><p> CEO Buffett defended the Chevron investment at Berkshire’s annual meeting on May 1. Many socially responsible investors are uncomfortable owning companies that produce fossil fuels.</p><p><blockquote>首席执行官巴菲特在 5 月 1 日的伯克希尔年会上为雪佛龙投资辩护。许多有社会责任感的投资者对拥有生产化石燃料的公司感到不安。</blockquote></p><p> “Chevron is not an evil company in the least,”Buffett told shareholders. “And I have no compunction about owning -- in the least about owning Chevron. And if we own the entire business, I would not feel uncomfortable about being in that business.”</p><p><blockquote>“巴菲特对股东说：”雪佛龙绝不是一家邪恶的公司。“我对拥有雪佛龙公司没有任何愧疚感，至少对拥有雪佛龙公司没有任何愧疚感。如果我们拥有整个公司，我就不会对从事这项业务感到不自在。”</blockquote></p><p> Berkshire probably realized a nice profit on its Chevron holding. The stock rallied in the first quarter to $105, from $85, compared with Berkshire’s cost of $83 a share.</p><p><blockquote>伯克希尔可能从其雪佛龙控股中获得了可观的利润。该股在第一季度从 85 美元反弹至 105 美元，而伯克希尔的股价为每股 83 美元。</blockquote></p><p> Last year, Berkshire steadily reduced its formerly large holding in Wells Fargo that had totaled 345 million shares at the end of 2019.</p><p><blockquote>去年，伯克希尔稳步减持了此前在富国银行的大量持股，截至2019年底，富国银行的持股总数为3.45亿股。</blockquote></p><p> Buffett was a longtime fan of Wells Fargo and Berkshire had held the bank’s stock for 30 years. Berkshire sold down its stake to just 675,000 shares on March 31 from about 52 million at year-end 2020.</p><p><blockquote>巴菲特是富国银行的长期粉丝，伯克希尔持有该银行股票已有 30 年之久。伯克希尔于 3 月 31 日将其股份从 2020 年底的约 5200 万股减至仅 675,000 股。</blockquote></p><p> Wells Fargo has been one of several sales by Berkshire of bank stocks in recent quarters as it unloaded holdings of JPMorgan Chase (JPM) and Goldman Sachs Group (GS) in 2020. Its largest bank position is now a billion-share holding in Bank of America (BAC) worth over $40 billion.</p><p><blockquote>富国银行是伯克希尔最近几个季度出售银行股的几家公司之一，因为它在 2020 年抛售了摩根大通 (JPM) 和高盛集团 (GS) 的股份。其最大的银行头寸目前是持有美国银行 (BAC) 的 10 亿股股票，价值超过 400 亿美元。</blockquote></p><p> In selling the banks, Berkshire has missed out on big gains as the sector has rallied, probably leaving more than $10 billion on the table,<i>Barron’s</i>estimates. Wells Fargo shares have more than doubled since early November to $47.</p><p><blockquote>在出售银行时，伯克希尔错过了随着该行业反弹而获得的巨额利润，可能会留下超过 100 亿美元的资金，<i>巴伦</i>估计。富国银行股价自 11 月初以来已上涨一倍多，至 47 美元。</blockquote></p><p></p>","source":"lsy1601382232898","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>What Berkshire Hathaway’s Latest Filing Tells Us About Warren Buffett’s View on Stocks<blockquote>伯克希尔-哈撒韦公司的最新文件告诉我们沃伦-巴菲特对股票的看法</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWhat Berkshire Hathaway’s Latest Filing Tells Us About Warren Buffett’s View on Stocks<blockquote>伯克希尔-哈撒韦公司的最新文件告诉我们沃伦-巴菲特对股票的看法</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Barrons</strong><span class=\"h-time small\">2021-05-18 23:11</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Warren Buffett likes to say his preferred holding period for businesses is forever, but when it comes to stocks, he is more willing to trade.</p><p><blockquote>沃伦·巴菲特喜欢说他对企业的首选持有期是永远，但当谈到股票时，他更愿意交易。</blockquote></p><p> Berkshire Hathaway (ticker: BRK.A, BRK.B) disclosed on Monday that it had largely eliminated its remaining holding in Wells Fargo (WFC), cut back its stake in Chevron (CVX) by more than 50%, to 23.7 million shares, and reduced an investment in Merck (MRK) by 37%, to 17.9 million shares, according to itsquarterly 13-F filing.</p><p><blockquote>伯克希尔哈撒韦公司（股票代码：BRK.A、BRK.B）周一披露，已基本清算了其在富国银行 (WFC) 的剩余股份，将其在雪佛龙 (CVX) 的股份削减 50% 以上，至 2370 万股，并根据其季度 13-F 文件，对默克 (MRK) 的投资减少了 37%，至 1790 万股。</blockquote></p><p> The Chevron sale is notable because Berkshire accumulated a position of 48.5 million shares relatively recently, in the second half of 2020, making Chevron Berkshire’s second largest new equity investment of the year, behind only Verizon Communications (VZ). The Merck holding also was accumulated in 2020.</p><p><blockquote>雪佛龙的出售之所以引人注目，是因为伯克希尔在 2020 年下半年积累了 4850 万股股票的头寸，使雪佛龙成为伯克希尔今年第二大新股权投资，仅次于 Verizon Communications (VZ)。默克持股也是在2020年积累的。</blockquote></p><p> Berkshire was even granted confidentiality by the Securities and Exchange Commission and didn’t have to disclose its Chevron holding at the end of the third quarter as Berkshire was building its position.</p><p><blockquote>伯克希尔甚至获得了美国证券交易委员会的保密权，在第三季度末，随着伯克希尔建立起自己的地位，伯克希尔无需披露其持有的雪佛龙股份。</blockquote></p><p> There was little or no change in most of Berkshire’s equity portfolio, totaling almost $300 billion, which is overseen by CEO Buffett. He has not been enamored of stocks, preferring to use Berkshire’s ample cash flow to repurchase Berkshire shares.</p><p><blockquote>伯克希尔的大部分股票投资组合几乎没有变化，总额近 3000 亿美元，由首席执行官巴菲特监管。他并不迷恋股票，更喜欢利用伯克希尔充裕的现金流回购伯克希尔股票。</blockquote></p><p> The company was a net seller of $4 billion of stocks in the first quarter,according to its 10-Q report. Its only sizable new purchase was nearly $1 billion ofAon(AON), the insurance broker. Berkshire was a net seller of $8 billion of stocks in 2020, while it bought back almost $25 billion of its own shares.</p><p><blockquote>根据其 10 季度报告， 该公司第一季度净卖出价值 40 亿美元的股票。它唯一一笔可观的新收购是价值近 10 亿美元的保险经纪人 ofAon (AON)。伯克希尔在 2020 年净卖出了 80 亿美元的股票，同时回购了近 250 亿美元的自有股票。</blockquote></p><p> There also had been speculation that an institutional buyer had been accumulating Berkshire’s supervoting class A stock in the first quarter, given the elevated volume in shares that typically trade lightly. But no large buyer was evident in the 13-F filings.</p><p><blockquote>还有人猜测，鉴于伯克希尔公司第一季度交易量较小的股票成交量较大，有机构买家一直在囤积伯克希尔公司的超级投票权 A 类股票。但在 13-F 文件中没有明显的大买家。</blockquote></p><p> CEO Buffett defended the Chevron investment at Berkshire’s annual meeting on May 1. Many socially responsible investors are uncomfortable owning companies that produce fossil fuels.</p><p><blockquote>首席执行官巴菲特在 5 月 1 日的伯克希尔年会上为雪佛龙投资辩护。许多有社会责任感的投资者对拥有生产化石燃料的公司感到不安。</blockquote></p><p> “Chevron is not an evil company in the least,”Buffett told shareholders. “And I have no compunction about owning -- in the least about owning Chevron. And if we own the entire business, I would not feel uncomfortable about being in that business.”</p><p><blockquote>“巴菲特对股东说：”雪佛龙绝不是一家邪恶的公司。“我对拥有雪佛龙公司没有任何愧疚感，至少对拥有雪佛龙公司没有任何愧疚感。如果我们拥有整个公司，我就不会对从事这项业务感到不自在。”</blockquote></p><p> Berkshire probably realized a nice profit on its Chevron holding. The stock rallied in the first quarter to $105, from $85, compared with Berkshire’s cost of $83 a share.</p><p><blockquote>伯克希尔可能从其雪佛龙控股中获得了可观的利润。该股在第一季度从 85 美元反弹至 105 美元，而伯克希尔的股价为每股 83 美元。</blockquote></p><p> Last year, Berkshire steadily reduced its formerly large holding in Wells Fargo that had totaled 345 million shares at the end of 2019.</p><p><blockquote>去年，伯克希尔稳步减持了此前在富国银行的大量持股，截至2019年底，富国银行的持股总数为3.45亿股。</blockquote></p><p> Buffett was a longtime fan of Wells Fargo and Berkshire had held the bank’s stock for 30 years. Berkshire sold down its stake to just 675,000 shares on March 31 from about 52 million at year-end 2020.</p><p><blockquote>巴菲特是富国银行的长期粉丝，伯克希尔持有该银行股票已有 30 年之久。伯克希尔于 3 月 31 日将其股份从 2020 年底的约 5200 万股减至仅 675,000 股。</blockquote></p><p> Wells Fargo has been one of several sales by Berkshire of bank stocks in recent quarters as it unloaded holdings of JPMorgan Chase (JPM) and Goldman Sachs Group (GS) in 2020. Its largest bank position is now a billion-share holding in Bank of America (BAC) worth over $40 billion.</p><p><blockquote>富国银行是伯克希尔最近几个季度出售银行股的几家公司之一，因为它在 2020 年抛售了摩根大通 (JPM) 和高盛集团 (GS) 的股份。其最大的银行头寸目前是持有美国银行 (BAC) 的 10 亿股股票，价值超过 400 亿美元。</blockquote></p><p> In selling the banks, Berkshire has missed out on big gains as the sector has rallied, probably leaving more than $10 billion on the table,<i>Barron’s</i>estimates. Wells Fargo shares have more than doubled since early November to $47.</p><p><blockquote>在出售银行时，伯克希尔错过了随着该行业反弹而获得的巨额利润，可能会留下超过 100 亿美元的资金，<i>巴伦</i>估计。富国银行股价自 11 月初以来已上涨一倍多，至 47 美元。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.barrons.com/articles/what-berkshire-hathaways-latest-filing-tells-us-about-warren-buffetts-view-on-stocks-51621350033?mod=RTA\">Barrons</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BRK.A":"伯克希尔",".IXIC":"NASDAQ Composite",".DJI":"道琼斯",".SPX":"S&P 500 Index","WFC":"富国银行","BRK.B":"伯克希尔B","AAPL":"苹果"},"source_url":"https://www.barrons.com/articles/what-berkshire-hathaways-latest-filing-tells-us-about-warren-buffetts-view-on-stocks-51621350033?mod=RTA","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1102820235","content_text":"Warren Buffett likes to say his preferred holding period for businesses is forever, but when it comes to stocks, he is more willing to trade.\nBerkshire Hathaway (ticker: BRK.A, BRK.B) disclosed on Monday that it had largely eliminated its remaining holding in Wells Fargo (WFC), cut back its stake in Chevron (CVX) by more than 50%, to 23.7 million shares, and reduced an investment in Merck (MRK) by 37%, to 17.9 million shares, according to itsquarterly 13-F filing.\nThe Chevron sale is notable because Berkshire accumulated a position of 48.5 million shares relatively recently, in the second half of 2020, making Chevron Berkshire’s second largest new equity investment of the year, behind only Verizon Communications (VZ). The Merck holding also was accumulated in 2020.\nBerkshire was even granted confidentiality by the Securities and Exchange Commission and didn’t have to disclose its Chevron holding at the end of the third quarter as Berkshire was building its position.\nThere was little or no change in most of Berkshire’s equity portfolio, totaling almost $300 billion, which is overseen by CEO Buffett. He has not been enamored of stocks, preferring to use Berkshire’s ample cash flow to repurchase Berkshire shares.\nThe company was a net seller of $4 billion of stocks in the first quarter,according to its 10-Q report. Its only sizable new purchase was nearly $1 billion ofAon(AON), the insurance broker. Berkshire was a net seller of $8 billion of stocks in 2020, while it bought back almost $25 billion of its own shares.\nThere also had been speculation that an institutional buyer had been accumulating Berkshire’s supervoting class A stock in the first quarter, given the elevated volume in shares that typically trade lightly. But no large buyer was evident in the 13-F filings.\nCEO Buffett defended the Chevron investment at Berkshire’s annual meeting on May 1. Many socially responsible investors are uncomfortable owning companies that produce fossil fuels.\n“Chevron is not an evil company in the least,”Buffett told shareholders. “And I have no compunction about owning -- in the least about owning Chevron. And if we own the entire business, I would not feel uncomfortable about being in that business.”\nBerkshire probably realized a nice profit on its Chevron holding. The stock rallied in the first quarter to $105, from $85, compared with Berkshire’s cost of $83 a share.\nLast year, Berkshire steadily reduced its formerly large holding in Wells Fargo that had totaled 345 million shares at the end of 2019.\nBuffett was a longtime fan of Wells Fargo and Berkshire had held the bank’s stock for 30 years. Berkshire sold down its stake to just 675,000 shares on March 31 from about 52 million at year-end 2020.\nWells Fargo has been one of several sales by Berkshire of bank stocks in recent quarters as it unloaded holdings of JPMorgan Chase (JPM) and Goldman Sachs Group (GS) in 2020. Its largest bank position is now a billion-share holding in Bank of America (BAC) worth over $40 billion.\nIn selling the banks, Berkshire has missed out on big gains as the sector has rallied, probably leaving more than $10 billion on the table,Barron’sestimates. Wells Fargo shares have more than doubled since early November to $47.","news_type":1,"symbols_score_info":{"BRK.B":0.9,"AAPL":0.9,".DJI":0.9,".SPX":0.9,"BRK.A":0.9,"WFC":0.9,".IXIC":0.9}},"isVote":1,"tweetType":1,"viewCount":584,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":17,"subscribersOnly":false,"subscribersOnlyAccessible":false,"xxTargetLangEnum":"ORIG"},"commentList":[],"isCommentEnd":true,"isTiger":false,"isWeiXinMini":false,"url":"/m/post/194898216"}
精彩评论