First of all, Buffett's long-term holding of stocks is still his main investment style, which also brings an important idea to A-share investors, that is, they need to find truly valuable stocks, hold them for a long time and share the profits. During this period, the hottest event in the financial sector is the investment report of Buffett's shareholder Xixi. Although Berkshire disclosed information, its income last year was only 2.4%, far lower than that of Standard & Poor's in the same period, but this did not prevent the public from pursuing Buffett, a talented investor. Its shareholders' meeting has still become the destination of mass snapping up, and shareholders' open letter is also a hot topic in financial media.

Looking back at last year's US stock market, the market is not peaceful. In March last year, many fuses made Buffett cry that he had never seen such a scene. Moreover, in the first quarter of 2020, Berkshire's investment in stocks also lost more than 40 billion dollars due to the collapse of US stocks. But this does not hinder Buffett's optimistic mood. He said never to short America. Judging from its heavy positions announced this year, its positions have not changed much, at least the top five positions have not changed, but it is quite surprising that BYD, a China automobile company, appeared among its top ten heavy positions for the first time.

In fact, Buffett bought BYD as early as 2008 and never reduced his holdings during the period of 12. Now, his position has increased by 25 times, once again sending a signal to domestic investors that they must choose truly valuable stocks and hold them for a long time in order to obtain long-term benefits. Short-term speculation is always risky.

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According to US GAAP, Berkshire's profit in 2020 was $42.5 billion. The four components of this figure are the operating profit of $26,543.80+09 billion, the realized capital gain of $4.9 billion, the gain of $26.7 billion brought about by the increase of the net unrealized capital gain of the stocks held by it, and finally, the loss of $65,438+065,438+00 billion caused by the write-down of some subsidiaries and affiliated companies owned by it.

In March last year, US stocks were blown four times in half a month, and Berkshire's shareholding once fell by more than 30%, shrinking by nearly $654.38+000 billion. However, Buffett resisted the pressure, except for selling aviation stocks hit hard by the epidemic, and basically chose to hold shares to tide over the crisis. Subsequently, with the release of water by the Federal Reserve, the three major US stock indexes hit record highs, and Berkshire turned losses into profits, with a tenacious positive growth of 2.4%. Although Berkshire lost its index in 2020, can it still hold the US stock market? Stock market crash? It is not easy to fall. Buffett changed his face in the market and his net worth has shrunk dramatically, which is worth learning from each of us.