#巴菲特卸任伯克希尔董事长
👉 万亿俱乐部的交接
He sent a letter to the shareholders on September 18, handing the chairman over to someone else.
Effective immediately.
He was reassigned as Honorary Chairman, but he remains on the board.
His successor is his son, Howard, who has been on the board since 1993.
Howard does not get involved in operations—he oversees culture.
Day-to-day affairs are decided by Abel, and the handover has been under way for nine months already.
The group has grown from a textile factory to $1.1 trillion.
In the trillion-dollar market-cap club, it is the only financial company.
The price-to-book ratio fell from 1.62 to 1.53.
The premium the market was willing to pay has been whittled down.
Before the market opened, Class B shares dropped 0.3%.
The group still holds stocks and government bonds worth several hundred billion dollars.
In his letter, he wrote that time will always win.
Saying this at the age of 96 carries a different weight.
Between cash and risk assets, he chose cash.
For crypto, seeing how someone allocates cash is more direct than hearing what they say.
Do you think the next generation will keep the cash preference? Let’s chat in the comments.
👉 万亿俱乐部的交接
He sent a letter to the shareholders on September 18, handing the chairman over to someone else.
Effective immediately.
He was reassigned as Honorary Chairman, but he remains on the board.
His successor is his son, Howard, who has been on the board since 1993.
Howard does not get involved in operations—he oversees culture.
Day-to-day affairs are decided by Abel, and the handover has been under way for nine months already.
The group has grown from a textile factory to $1.1 trillion.
In the trillion-dollar market-cap club, it is the only financial company.
The price-to-book ratio fell from 1.62 to 1.53.
The premium the market was willing to pay has been whittled down.
Before the market opened, Class B shares dropped 0.3%.
The group still holds stocks and government bonds worth several hundred billion dollars.
In his letter, he wrote that time will always win.
Saying this at the age of 96 carries a different weight.
Between cash and risk assets, he chose cash.
For crypto, seeing how someone allocates cash is more direct than hearing what they say.
Do you think the next generation will keep the cash preference? Let’s chat in the comments.
