The core content of the Berkshire Hathaway shareholder meeting on May 3, 2025, was summarized by Ma Ge as follows:

1.   Retirement Hand-off    

   94-year-old Buffett announced his formal retirement at the end of the year, with the CEO position taken over by his successor Abel, but he will continue to serve as an advisor. He will not sell any of his Berkshire stock valued at $160 billion, stating, "I believe Abel will do better than I did."

2.   Opposition to Tariff Wars    

   He harshly criticized the US for abusing tariffs as a weapon, calling it "stupid," and emphasized that more trade means more profit, and that global prosperity is the right path.

3.   Holding a Lot of Cash    

   The company's cash has piled up to $347.7 billion (approximately 2.5 trillion RMB), but Buffett said good opportunities do not come every day, and he would rather not earn than make random investments. Recently, he almost spent $10 billion on a project but ultimately decided against it.

4.   Sticking to Japanese Stocks    

   The five major trading companies in Japan are making a fortune, and Buffett said, "I will never sell," even regretting not investing $100 billion initially. Abel has stated he wants to hold these for over 50 years as a family heirloom.

5.   Cautious Watch on AI    

   He acknowledged that AI will change the game but that Berkshire has not made any major moves yet, allowing his insurance head Ajit to decide when to act, currently mainly "watching others test the waters."

6.   Boosting the US Economy    

   Although he criticized the government for its reckless spending leading to the devaluation of the dollar, he firmly believes that the US can withstand the crisis, and the recent stock market decline is only "a drizzle," much less severe than previous cuts.

7.   Buying Real Estate is Inferior to Stock Trading    

   He bluntly stated that real estate transactions are too complicated, while stocks can be bought at any time, offering more opportunities, but he reminded investors to choose the right timing.

8.   Advice for Young People    

   Don’t pay too much attention to starting salaries, associate with outstanding people, and doing what you love will allow you to live longer.

9. He has not mentioned Bitcoin and cryptocurrencies for now, previously he has always scoffed at Bitcoin. #BTC 👉返佣来