What is Buffett's 128 million yuan "last lunch"?Global economic downturn

After 43 bidding bids, the "Buffett Lunch" in 2022 was photographed by an anonymous buyer for $ 1.901 million (about 128 million yuan). It is reported that this is the 21st and the last time that the "Buffett Lunch" is the last time. The price has broken the previous record, which is nearly 4 times the price of the previous auction. Anonymous winners and as many as seven guests will have lunch with Buffett in Manhattan, New York.

According to reports, the charity auction activities of "together with Buffett with Buffett" have begun for 22 years since 2000. This auction has been donated to the Charity Foundation in San Francisco. Poor people and homeless people.

↑ "Buffett Lunch" is standard in Smith Wollensky Restaurant, New York

"Greed when others are afraid"

Buffett invested in stocks to bet on energy stocks

A meal of lunch has soared from the $ 25,000 bottom price to 19 million US dollars, and the charm of Buffett Buffett is beyond doubt. It is reported that Buffett, who has long adhered to value investment for a long time, has long suggested investors that "be greedy when others are afraid."

For most investors, the current decline in the stock market is not good news, but it is not for Buffett and his team. In May of this year, when U.S. stocks fell and investors chose to have a comprehensive risk aversion, Buffett's Berkshire Hathaway invested stocks and invested tens of billions of dollars to invest in stocks in the past few months.

↑ An anonymous buyer photographed "Buffett lunch" at a price of 1.901 million US dollars (about 128 million yuan)

At the end of 2021, Berkshire Hathaway held nearly $ 146.7 billion in cash. According to David, a professor of finance at the University of Maryland's Smith Business School, in the case of tightening monetary policy and slowing market growth, Buffett, who holds a huge amount of cash, appears to be "fish."

According to reports, Berkshire Hathaway has purchased stocks in Western Petroleum Corporation in the United States since the end of February, and the stock has become one of the top 10 positions in the company. It is reported that in 2022, Berkshire Hathaway had spent about $ 7.5 billion to buy Western oil company shares. At present, Berkshire Hathaway holds 143 million shares in Western oil companies, worth about $ 10 billion. It is reported that Western Petroleum Corporation is the fourth largest oil company in the United States. The main business is to minimize oil and natural gas.

In addition to Western Petroleum Corporation, Berkshire Hathaway has also increased its holdings of Energy Giant Chevron's stock in the past few months. Citi Group's stock and continue to increase the stock of Apple. Among them, according to Berkshire Hathaway's announcement, as of March 31, the company holds a Chevron's shares worth $ 25.9 billion, much higher than the $ 4.5 billion at the end of 2021. It is reported that Chevron is also one of the world's largest energy companies, and its business scope penetrates all aspects of oil and natural gas industry. It is reported that Chevron has become one of the companies with the largest shareholding in Berkshire Hathaway.

↑ Data diagram. Buffett drink cola at the shareholders meeting

Ariel Investments chief stock investment officer Luba believes that Buffett's investment in the two major oil companies may indicate that the price of its bet commodity will remain high in the future. Jim Shanahan, a senior stock research analyst, believes that energy stocks have two characteristics of Buffett's favor, namely low valuation and repurchase stocks and dividends in the form of shareholders. He believes that it is in line with Buffett's investment style.

In fact, 91 -year -old Buffett has experienced many "discouraged" US stock markets. It is reported that in the 1970s, the United States fell into a "stagnation" and the stock market was in trouble, while Buffett discovered a lot of cheap stocks. According to reports, since 1973, he has secretly eaten the Washington Post on the stock market. His intervention has greatly increased the profit of the Washington Post, an average of 35%per year. Ten years later, Buffett's investment of US $ 10 million appreciated to 2000 million.

According to the Forbes Rich List, Buffett is currently ranked 6th. It is reported that due to the surge in oil stocks, Buffett returned to Bloomberg's top five richest wealth lists.

What did you talk about with Buffett's lunch?

Some people have been taught three key business skills, and some people "change life"

So what do you talk about in lunch with Buffett? It is reported that Buffett set up a rules on the dining table to "not talk about individual stocks", but among those who have lunch with them, some people say they have obtained business experience. Opportunity".

It is reported that in 2007, the "Buffett lunch" was photographed for $ 650,000 in US $ 650,000. Value ".

↑ Due to the soaring oil stocks, Buffett returned to Bloomberg's top five richest wealth lists

The first key point is to treat everything honestly. It is reported that Buffett introduced them to their judgment of truth and integrity, and used an unconventional method to confirm their integrity. "He asked us, are you willing to be the greatest but the worst lover in the world, or is he willing to be the worst but also known as the greatest lover?" Pabra and Spre said, Buffett said if we say if we say if we say if we say that if we say that if we are us Know how to answer this question, then know how to answer questions about integrity. Speel said Buffett was a very interesting person. "He can imagine this world freely, although they may be considered bad, but deep in their hearts, they know that they are doing it correctly." Speel said. According to reports, Buffett has long insisted on cultivating the integrity for a long time. He once pointed out that he hopes to have this key feature in all employees. The second key point is to learn to say "no". According to reports, Buffett once said: "The difference between successful people and real success is that the real success said almost saying" not 'to everything. "Speel said:" By observing Buffett, I can see that although he can be seen that he can see that he can see that he can see that he can see that he can see that he can see that he can see that even though he can, he can see that he can see that he can see that he can see that he can see that even though he is, he can see that he can see that he can see that although he can see that he can see that he can see that he can see that he can see that he can see that he can see that he can see that even though he can, he can see that he can see that he can see that he can see that even though he can, he can see that he can see that he can see. He is a kind person in his bones, but he will never feel unhappy because he refuses others. When I realize this, I am determined to improve my ability. "

Speel also said that during lunch, Buffett showed them his diary. "His diary is bare, there seems to be nothing to record. He doesn't like to be restrained. He likes more room for imagination." Speel said. In fact, Buffett's close friend Bill Gates also said that when he first saw Buffett, Buffett showed him his calendar, which was basically empty. Bill Gates said it gave himself a valuable lesson. "You can control your time," he explained that he used to arrange his schedule in the past. "But every minute on the schedule is full, which does not mean that you are serious."

The third key point is to do what you like to do. It is reported that Buffett also talked about the importance of doing what he loves. The billionaire first pointed out that Celaide Foundation founder Cecil does what he likes to do and take care of those unfortunate people. Buffett went on to say that as the CEO of Berkshire Hathaway, he also liked what he did.

It is reported that in fact Buffett loves his work very much. He said that he can get less money and do this job he likes. In addition, he urged young people to find their love in the same way. Buffett said to 40,000 participants at the shareholders' meeting of Berkshire Hathaway in 2017: "You can try to find a job that you will accept if you don't need money." Spiel pointed out that after lunch time It can be clearly seen that the billionaire loves his work very much.

According to reports, Speel also wrote a book named "During Lunch with Buffett, I realized 5 truths", which tells about the insights collected from Buffett during lunch. The Wall Street banker of recklessness, short -sightedness, and completely thinking about himself "transformed into a thoughtful value investor. Until 10 years later, he was still lectured in college, and he still claimed to be Buffett's disciples. He talked about his lunch with Buffett.

Another noteworthy is Ted Whistler, who took Buffett's lunch twice in 2010 and 2011. According to reports, Ted had founded the company himself, and then was appreciated by Buffett with these two lunch. It is reported that Buffett invited him to work at Berkshire Hathaway during lunch with Buffett for the second time. Subsequently, Ted entered Berkshire Hathaway into the company and became one of the two top investment managers of the company, managing investment in the group's more than 10 billion US dollars assets.

Red Star News reporter Li Jinrui

Edit Zhang Xun

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