Important Information Excerpt from the 2025 Berkshire Hathaway Shareholders Meeting

The annual event of the investment community—the Berkshire Hathaway shareholders meeting will kick off on May 2nd, with the Q&A session starting at 9 PM Beijing time on Saturday, May 2nd.

The "Oracle of Omaha," Warren Buffett, will once again participate throughout the event, joined by his CEO successor—Greg Abel, head of Berkshire's non-insurance business, and Ajit Jain, head of the insurance business, to answer shareholders' questions.

Key points from the Buffett shareholder meeting are as follows:

"Trade should not be used as a weapon," and the U.S. should seek to trade with other countries, doing what each does best. Protectionist policies are a "serious mistake."

"Fiscal policy is my biggest concern in the U.S.," as irresponsible actions by the government can lead to a "frightening" devaluation of currency.

Buffett hinted at a full commitment to America, supporting the idea of American exceptionalism, stating that his luckiest day was the day he was born in America, which he views as the epitome of capitalism.

He intends to continue holding shares in Japanese trading companies for fifty to sixty years. Even if the Bank of Japan raises interest rates, he does not consider selling.

Berkshire's current investments in Japan have reached $20 billion, and he wishes he had initially invested $100 billion instead of $20 billion.

The recent fluctuations in the U.S. stock market are "not significant volatility" and compared to past crashes, "is not considered a severe bear market," nor a similar situation.

Regarding how to utilize Berkshire's record cash reserves, there may be investment opportunities in the next five years.

Greg Abel, head of Berkshire's non-insurance business, is expected to succeed as CEO by the end of the year. He will not sell any of his Berkshire shares and plans to gradually donate them.

Buffett believes that the balance sheet is a good starting point for assessing whether a company is worth investing in.

If you have a direction in life, you should strive to make those you respect and aspire to become your friends.

He plans to propose to the board to step down as CEO by the end of this year. That will mark the beginning of the end of the "Buffett era" at Berkshire. Investors should prepare for a Berkshire without Buffett at the helm.