Buffett's "Last Lunch" made 128 million yuan!Who is the winner?What can I "eat"?

On the 17th local time, Buffett's charity lunch bidding ended, and the final transaction price was as high as 19 million US dollars, equivalent to 128 million yuan, and once again refreshed the record. Since this will be the last "Buffett's lunch", this auction has attracted attention. Who will seize the last chance to have lunch with investment tycoon? What are the stories and meaning behind the "Sky Value Lunch Voucher"?

The winner of the winner becomes a mystery

After 5 days and 43 rounds, Buffett charity lunch was eventually sold for US $ 190,100, and the contract was 128 million yuan, setting a record high since the auction.

Two years after the epidemic was forced to interrupt, the charity lunch auction restarted this year. Buffett previously said that this would be the last bidding event. No accident, the bidding process is quite fierce.

Judging from the eBay auction record, the auction enters the fierceness on the last day. A bidder bid for $ 11 million, causing a high -cost tug of war. At the last moment, the price was locked at $ 1.01 million.

Although the outside world has expected this, such a high price is still staggering, which is equivalent to more than four times the previously maximum transaction price of $ 4.57 million. When the first competition in 2000, the transaction price was only $ 25,000. However, with the help of global bidders, prices have risen. Since 2008, the amount of each bid for each time has exceeded $ 1 million.

However, the mysterious winner has not appeared so far. EBAY network shows that the winning bidders have a pseudonym "W *** S", and their nationality, gender, age, and occupations have not been disclosed.

Fu Mengzi, deputy dean of the China Institute of Modern International Relations, said that Buffett charity lunch has always had speculation. This time, it is no exception. "Given that this is the last time, it has its preciousness."

Hou Ruoshi, deputy director of the Financial Tax Data and Policy Research Center of Zhejiang University, pointed out that the "sky -high" lunch shows that the United States, which dominates the financial capital market, Buffett still has a "idol effect" for shareholders.

The first auction of Buffett charity lunch started in 2000. This idea was originally proposed by Buffett's first wife Susan Buffett.

According to statistics, a total of more than 53 million US dollars has been raised for charity lunch to the present, and all of them donated to a charity organization called Graded Foundation in San Francisco to help local vulnerable groups.

There is no official explanation for why the "last session". Some people speculate that it may be because Buffett, 91, is old.

Although Buffett himself will no longer participate, his Berkshire Hathaway may continue this tradition. It is reported that Buffett's children may participate in this charity in the future.

What does the sky -high lunch "eat"?

It is understood that after passing the qualification review, the winner can bring up to 7 people to eat with Buffett. The location is usually in the well-known Smith Wollensky steak restaurant in Manhattan, New York, which is loved by Buffett. The lunch time will be approved by both parties, and the dining time is about 3 hours.

According to the convention, the entry can choose the topic, but only "do not talk about individual stocks", so as not to be suspected of manipulating the stock price.

As the price of "admission coupons" has continued to rise in recent years, the outside world has never stopped discussions. Some people question that spending millions for eating a meal, the gimmick is greater than the actual value. However, some people think that after all, they eat with the "great god", and their own ways.

According to foreign media reports, Buffett's standard menu is "a three -point steak with potato pancakes and a can of cherry flavor". The employees of this restaurant have revealed to the media that each dish is between $ 30-50, and the actual price of dining is only a "zero" compared to the "sky price" of the auction.

"In fact, it doesn't matter what to eat, the most important thing is to eat with," the industry people commented on the value of this meal.

According to Zhao Danyang, the winner of the previous auction, his topics with Buffett on the table, including inflation, US dollar exchange rate, investment experience, corporate governance, etc. He described the opportunity of this dining "too worth".

Another winner, Duan Yongping, said that it was priceless to contact Buffett in itself and could not measure money. "As long as he really learned the investment concept in his bones."

For Buffett, in addition to doing charity, knowing these auctioners also enriched his experience. Buffett said charity lunch made him meet many interesting people from the world.

The event also found a powerful general for Buffett. Hedie Fund Manager Ted Weschler won the bid in 2010 and 2011. In 2012, after two lunch, Wesller entered Buffett's Berkshire Hathaway, in charge of more than $ 100 billion in stocks, bonds and other investments.

Hou Ruoshi said that bidders and Buffett have their own purpose in lunch. Buffett can expand his influence, while the entry hopes to learn the investment strategy.

Chinese winners contribute 20 % of the "lunch fee"

In recent years, "Buffett's Lunch" has also been sought after by Chinese investors. According to Goldman Sachs statistics, 300,000 of the 2 million Buffett "believers" from the world are from China. The annual Berkshire Hathaway's shareholders meeting had 40,000 people attended the meeting, about one tenth of the Chinese.

According to reports, a total of 4 Chinese people who have published their identities in the past were reported.

In 2006, the BBG founder Duan Yongping won the bid for $ 620,000 and became the first Chinese to have lunch with Buffett. In 2008, Zhao Danyang, known as the "Private Equity Godfather", won the bid for $ 2.11 million. In 2015, Zhu Xi, chairman of Tian Shen Entertainment, won the bid for $ 2.34 million. In 2019, Sun Yuchen, the founder of the cryptocurrency wave farm, set a record for $ 4.57 million. Data show that the four Chinese winners paid $ 9.64 million for the "lunch coupon", accounting for nearly 20 % of the total transaction price.

However, meals with the "stock god" do not mean that they have obtained "cheats". Since then, the four situations have different situations.

As a well -known investor, in 2021, Duan Yongping ranked 605th on the Hurun China Rich List. Compared with Buffett in 2006, his assets have increased from 2 billion yuan to 12 billion yuan, a 6 times. Huang Yan who went to the banquet with Duan Yongping at that time grew from an unknown little man to the founder of Pinduoduo.

Zhao Danyang continued to adhere to the investment circle, and the Chizi Heart Asset Management Co., Ltd. he founded was still operating.

Zhu Xi's Tian Shen Entertainment went down the altar after a short highlight. Due to huge sums of money and acquisitions for many years, Tian Shen Entertainment lost more than 7.1 billion yuan in 2018. Since then, it has been investigated by the CSRC for suspected letters.

"Post -90s" Sun Yuchen is still active in media reports. In December last year, he threw another $ 28 million to take the first sailing seat of the blue origin, or will explore space next year.

When the old "stock god" encountered a new challenge

As one of the world's most successful investors, Buffett is still regarded as investment idols by many people. Historically, Buffett has spent the 2000 Internet bubble and the 2008 financial crisis in 2000. Its concepts focusing on value investment and centralized shareholding are also deeply rooted in people's hearts.

According to the Global Rich List of Forbes Magazine, as of June 17, Buffett ranked seventh in the world with a net asset of $ 93.4 billion. His Berkshire Hathaway holds dozens of companies, involving multiple industries such as energy, manufacturing and retail. The top three positions are Apple, Bank of America and American Express.

But even the "stock god" failed to avoid the current turbulent stock market. In sharp contrast to innovative lunch auction prices, Buffett's wealth has shrunk sharply since the second quarter.

Data show that as of June 13, Berkshire Hathaway's stock investment portfolio suffered $ 65 billion (437.8 billion yuan) in the second quarter. Since the end of March, Berkshire Hathaway A's stock price has fallen by nearly 26%.

Some people question whether Buffett's investment style is still applicable to the current market.

Fu Mengzi said that Buffett believes that the determination of investment, that is, the income, risks, and cycles of investment are relatively controllable, which also allows him to gain. "But the world we are familiar with is far away, and the uncertainty is getting higher and higher. Today's investment has no 'moat'."

Fu Mengzi pointed out that the changes in the world have led to changes in the investment environment. Under the unscrupulous change of the century, globalization is almost stunning. In the past, the market -oriented economic trend was dividing towards differentiation, and the new crown epidemic that swept the world has even more depth and breadth of this dramatic change.

"Any means of investment cannot be separated from changes in economic activities and financial markets." Hou Ruoshi said that in the past 20 years, the financial operation model and financial market competition have changed greatly, and higher requirements for investors' values ​​and ability to resist risk; With the development of the US financial market, financial products will be more diversified, and the investment style will change accordingly. "Buffett leaves more investment concepts, one is the tracking of facts, and the other is to see the trend of economic and industry."

This year is the 80th year of Buffett's investment in the investment field. The speculation of when the "stock god" retires is constantly.

However, Buffett did not seem to plan to stop. In May, he continued to serve as chairman and CEO of Berkshire Hathaway with nearly 9-1 of shareholders' voting ratios.

Liberation Daily · Shangguan News Original manuscript, reprinting without permission

Author: Yang Ying

WeChat editor: Antong

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