Buffett loses nearly 300 billion yuan!What happened to the stock god?

On the 6th local time, Berkshire Hathaway, a well-known American investor Buffett, announced the latest financial report. Due to huge book losses due to the investment portfolio, the company's net loss attributable to shareholders in the second quarter of this year reached 43.755 billion US dollars (about about RMB 295.9 billion).

The financial report shows that in the second quarter of this year, Berkshire's revenue was US $ 76.18 billion, with operating profit of US $ 9.283 billion, an increase of 38.7%year -on -year; net loss attributable to shareholders was US $ 43.755 billion, and the profit was US $ 28.094 billion in the same period last year. Among them, due to the sharp decline in U.S. stocks, Berkshire Hathaway's investment and derivatives lost 53.038 billion US dollars (about RMB 358.4 billion). In the first half of this year, Berkshire's investment in investment reached $ 54.6 billion.

In the second quarter of this year, about 69%of Berkshire Hathaway's stocks were concentrated in five companies. Among them, Apple, Bank of America, American Express, and Chevron have encountered a huge decline in the second quarter, and only Coca -Cola rose slightly. Analysts said that Berkshire Hathaway's investment portfolio had a huge loss in the second quarter, mainly related to the performance of these heavy stocks in the second quarter. In addition, the Fed's many sharp interest rate hikes and the impact of economic recession expectations have also increased the company's losses in the second quarter.

However, since this year, Buffett has continued to increase its holdings of Western oil. As of the end of June, the company has acquired 17%of the stocks of Western oil capital, worth $ 9.3 billion. The cumulative increase in Western oil during the year reached 104.33%. Berkshire Hathaway prompts investors not to pay too much attention to the fluctuation of investment income in the company's financial report, because any quarterly investment profit or loss is usually meaningless.

Source: CCTV Finance

- END -