Buffett'S Overall Return On Investment Is Not High. Transformation Is The General Trend.

To the annual Buffett shareholders' meeting, every year, every word and phrase of the stock god has been closely watched by global investors. It is undeniable that this year Buffett's operation of Berkshire is frequent, rather than the same as it used to be.

It can be said that in 2016, it is Buffett's investment orientation, investment structure and investment focus.

In this pition period, there are more things worth observing, understanding and learning.

Buffett's ideology changed slowly.

On the Internet, especially the mobile Internet, big data, cloud computing, artificial intelligence, Internet of things, block chain technology and other surging waves, Buffett's adherence to the traditional investment concept may be outdated.

For example, Buffett's investment in the financial field of American Express, Wells Fargo and other stocks, basically shows the situation of sunset.

Wells Fargo and other traditional banks have no prospect and potential in the new financial world.

Another example is the business scope of American Express, which is mainly based on automated teller machines and bank cards.

For the traditional financial institutions and enterprises with significant centralization and intermediary characteristics, they will be eliminated in the near future.

To eliminate it is a block chain technology with revolutionary and subversive significance.

The essence of block chain technology de centralization will become the essential technical characteristics of the fourth industrial revolution.

The aviation industry of traditional manufacturing industry was once the focus of Buffett's investment. However, at this annual meeting, Buffett strongly hated that "anything that can fly is not a good investment".

This year, United Continental (United Airlines) caused a sharp fall in the market value of its shares due to the "abuse of customers".

Berkshire Hathaway, Buffett, bought heavily in the fourth quarter of last year, holding 28 million 950 thousand shares, accounting for 9.2% of the total share capital and becoming the largest shareholder.

As early as in 1989, Buffett, a stock god, used to charge all the American Airlines at 10% (360 million dollars) at that time. But after entering the company, the company fell into a state of decline, and six years later,

The net value has dropped to $89 million 500 thousand, down 75%.

The potential of these traditional industries or monopolistic enterprises across the United States is already small.

Coca Cola Co, including Buffett's investment, is worth discussing today.

The global market of Coca-Cola and other fast food drinks has declined considerably.

In this rapidly changing global market, high-tech enterprises will soon be left behind when they are slightly unmindful.

For example, Buffett investment IBM enterprises, the latest quarterly report shows that the company's revenue fell for twentieth consecutive quarters, the stock price fell 19 in the US trading market on April, nearly 5%, and received $161.7, just "unwinding" Buffett and "quilt".

One of the biggest "misfortunes" is that many businesses in IBM have not caught up with the trend of the Internet.

But we must also see that IBM is making efforts in cloud computing and cloud storage.

But "stock god" is "stock god", Buffett has observed not stick.

Already outdated, is advancing with the times to adjust the investment structure and direction.

At this annual meeting, Buffett said that the most valuable stocks in the US are mainly technology stocks, which include apple, Microsoft, YAHOO and Google's parent company Alphabet. He is amazed by the achievements made by these companies in light assets operation.

This shareholders' meeting, Buffett's strong pursuit of technology stocks seems to be

To break the harbinger of investment rule in the past half century.

At this shareholders' meeting, Buffett said that he was "stupid" when he missed Amazon. He did not invest in Google, which was a "mistake".

He has realized that artificial intelligence can bring about disruptive changes.

In fact, Buffett is rapidly adjusting his portfolio.

WAL-MART, selling Wells Fargo Bank, reducing IBM holdings, and investing in Apple Corp, involves smart jewellery, participating in the global block chain technology conference and so on.

We believe that Buffett will invest heavily in technology stocks next.

From the change of Buffett's investment direction, we can see that in the traditional way of thinking, the investment idea of holding an industry or a stock for a long time has been completely outdated.

Starting with Buffett's interest in technology stocks, all investors should start changing their investment philosophy and start digging up potential stocks or top priority.

In particular, we reserve some investment sectors and sectors such as mobile Internet, big data, cloud computing, artificial intelligence, block chain technology and so on.

Of course, Buffett's three points on investment need reference: one is shareholder's equity, one is debt, the other is total assets.

Of course, the purpose of value investing is always changing: specifically, Apple Corp's low PE, relatively high dividend dividends, and tens of billions of dollars of stock repurchase each year, all conform to the traditional value investment concept.

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