Buffett is an old man, 93 years old, and he personally attended his company's shareholders' meeting on May 4 and talked to everyone about a lot of questions.
Warren Buffett on investing: focusing on U.S. companies
Warren Buffett, the main thing is to be bullish on American companies. The main part of his investment, such as Apple, Coca-Cola, and American Express, accounts for almost 70%. We can understand this. Warren Buffett is a native of the United States and knows his country's companies, policies, and environment inside out. As he said, a giant like Coca-Cola has few alternatives on a global scale.
Besides, we are Chinese, we must know the domestic situation best, and we are more sure of investment, isn't this the same as Buffett's logic.
I have a good impression of Canada and Japan, but the future of China is uncertain
Buffett also admires Canada, the neighbor of the United States. The two countries have close trade exchanges, and the relationship between the two countries is as iron as brothers, and there is hardly any contradiction.
As for Japan, Warren Buffett also gave a positive evaluation. He has been investing in Japanese companies since a few years ago, and he has made a lot of money, and even has a lot of influence on the Japanese stock market.
As for India, Buffett seems a little hesitant. He sees India as an opportunity, but he is not sure that he is not very motivated to invest.
On the issue of China, Warren Buffett expressed some expectations and gave positive comments, but did not clearly say how big the opportunity is to invest in China. We can also understand this, in recent years, Sino-US relations have been declining, the international political environment is not very good, as an investor will definitely be more sensitive. Therefore, Warren Buffett has both expectations and worries about the Chinese market.
AI and autonomous driving hold great promise, but there are still concerns
For autonomous driving, Buffett spoke highly of it. He believes that this technology will make a huge contribution to improving transportation in the future.
When it comes to AI, Buffett has both praise and concern. However, he is very humble and bluntly said that he doesn't know much about AI, and he can't say much.
In fact, Warren Buffett's attitude towards AI is the same as that of many people:
New things are always both longing and apprehensive. No one can say what the future of AI will be and what impact it will bring. This uncertainty is precisely what investors are most afraid of.
Now everyone is speculating whether AI will replace some labor-intensive industries, leading to mass unemployment, and even more serious concerns......
Warren Buffett's remarks reflect investment wisdom, and the hegemony of the dollar is difficult to shake
Overall, these remarks by Buffett are very insightful. From multiple dimensions such as politics, economy, enterprise, and country, it shows the ideas and vision of an investment master, which is worth learning from.
Especially on the issue of the dollar and U.S. bonds, Buffett's confidence is very strong. In his opinion, there is no currency that can replace the dollar. He also doesn't seem too worried about U.S. debt and inflation.
Personally, I agree with Warren Buffett. As the global reserve currency, the hegemony of the US dollar may be difficult to shake in the short term.
That's all for now, thank you!