China Has Many Buffett'S "Believers" Value Investment To Keep Pace With The Times.

The annual "stock god" Buffett shareholders' meeting was held recently.

Unlike general shareholders' meetings of listed companies, Buffett shareholders' meeting is unprecedented.

According to media reports, the number of people attending the Buffett shareholders' meeting this year reached 40 thousand, while Chinese investors reached 5000.

It can be seen that there are many "believers" of Buffett in China.

The reason why Buffett shareholders' meeting attracted the attention of global investors and participants is obviously inseparable from the past investment achievements of "stock god".

If Buffett shareholders' meeting in previous years showed only the investment of "stock god" in a step-by-step manner, then this year's shareholders' meeting will undoubtedly give participants a "new" feeling.

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The traditional stock investment portfolio is the focus of traditional industries.

For example, Coca-Cola in the beverage industry, Wells Fargo Bank in the banking industry and so on, occupy a large proportion in Buffett's portfolio.

However, at the shareholders' meeting, Buffett began talking about technology stocks, talking about artificial intelligence, and talking about China's stock market, which was very rare before.

We know that before and after 2000, the Internet technology stocks, which were inspired by the "axe" Kessler and others in the US securities industry, had created the brilliance of the NASDAQ in the US.

In a short span of a year and a half, the NASDAQ index rose from 1500 to 5132, and eventually evolved into a network share bubble.

And after the bubble burst, the NASDAQ index dropped to 1108 points, of which the loss of investors is imaginable.

The frenzy of Internet speculation in the US market has also spread to the A share market.

Although the Internet share bubble created an amazing wealth effect, Buffett maintained his consistent value investing philosophy and did not set foot in Internet technology stocks.

After the collapse of the Internet share bubble, Buffett was praised by investors for not buying any Internet technology stocks and suffered any losses due to the burst of the Internet share bubble, while the "foresight" image of the stock god is even bigger in the minds of investors.

If domestic investors are successful in "stock god"

Often only the abstract concept of compound annual growth rate, then the success of Buffett's investment in PetroChina makes us truly feel the "soul" and "power" of value investing.

In 2000, PetroChina's H-share price was severely underestimated. Buffett bought 2 billion 348 million shares of PetroChina's shares at HK $1.10 to HK $1.67.

In the end, "stock god" made a profit of 3 billion 550 million dollars in PetroChina, and its profit was more than 7 times.

Although Buffett also mentioned China's stock market at the shareholders' meeting, he did not buy A shares at present, he only held BYD H-shares, but he bought it under his partner's Munger's proposal, and the current profit has also reached 5 times.

If Buffett applies for QFII qualification, I believe that the relevant departments will also give them a green light.

However, "stock god" is based on its own understanding and understanding of China's stock market, and does not invest in A shares. In essence, it is difficult to enter its "A eye".

Although Buffett will also encounter the "black swan" that happened in the United Airlines flight accident, but "

After all, it is "stock god". It has a clear understanding of the short board or shortage of its own investment.

For example, Buffett said at the shareholders' meeting that he was "stupid" to miss Amazon. Not investing in Google was a "mistake".

Moreover, he has realized that artificial intelligence will bring about disruptive changes.

In addition, Buffett also amazed the achievements of light assets operation of apple, YAHOO, Microsoft and other technology stocks. The companies with the highest market capitalization in the US stock market also began to attract Buffett's attention.

Buffett's investment in traditional industries has created an investment myth. Now it starts to attach importance to technology stocks, AI and other companies, which means that its value investment concept has begun to change.

In fact, the so-called value investment is not just corresponding to the undervalued value, nor is it invariable.

As long as the company has growth and prospects and is in line with the general trend of the development of the industry, even if the current valuation is high, it is worth investing in value.

I believe that the idea of value investment keeps pace with the times is the best inspiration for Buffett shareholders' conference.

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