Buffett's famous saying "Only when the tide goes out, you will know who has been swimming naked" describes the stock market.
Second, the significance:
When the short-term irrational market factors (too optimistic or too pessimistic) recede, you will see which companies have real investment value and which companies are just hype in some markets;
On the other hand, if you refer to investors, you will know who is investing and who is speculating only after the short-term irrational market factors (too optimistic or too pessimistic) recede.
Third, Buffett:
Warren Buffett
Warren. Buffett, male, master of economics. 1930 was born in Omaha, Nebraska, USA on August 30th. He is a world-famous investor, mainly investing in stocks, electronic spot and fund industry.
2065438+On September 22nd, 2006, Warren Buffett ranked 9th in the list of 50 most influential people in the world by Bloomberg. From 20 16 to 10, Warren Buffett ranked third in the annual "American 400 Rich List" published by Forbes magazine.
20 16 12 14 won the honor of "20 16 most influential CEO".
20 17, 2 1 3, Warren Buffett ranked second in the Forbes 20 16 global rich list.
201July 17, the Forbes rich list was released, and Warren Buffett ranked fourth with a net worth of 73.4 billion dollars.
On February 28th, 20 18, Hurun Global Rich List was released. At the age of 87, Warren Buffett kept the second place, and his wealth increased by 3 1%, becoming the second person to cross the10 billion dollar mark.
On March 6, 20 18, the Forbes 20 18 rich list was released, and Warren Buffett, with a net worth of $84 billion, fell to the third place.
On July 7, 20 18, Zuckerberg surpassed Buffett and became the third richest man in the world.
On March 5th, 20 19, Forbes released the 33rd annual list of global billionaires, and WarrenBuffett's net worth dropped to $82.5 billion, ranking third.
Extended data
Buffett's personal experience
study
194 1, he just turned 1 1 and jumped into the stock market and bought the first stock in his life.
65438-0947 Warren Buffett entered the University of Pennsylvania to study finance and business management. However, he felt that the professors' short theories were not enough. Two years later, he transferred to the University of Nebraska, Lincoln, and received a bachelor's degree in economics within one year.
1950 Buffett's application to Harvard University was rejected. He was admitted to Columbia University Business School and studied under the famous investment theorist Benjamin Graham. Under Graham, Buffett is at home.
Graham opposes speculation and advocates evaluating stocks by analyzing the profitability, assets and future prospects of enterprises. He taught Buffett a lot of knowledge and know-how.
195 1 year, 2 1 year-old Buffett received a master's degree in economics from Columbia University. When he graduated, he got the highest A+.
marry
1952, Buffett married Susan Thompson, and their parents were old friends for many years. When studying at Northwest University, Susan and Buffett's sister Roberta were roommates in the same dormitory. When Buffett dropped in on her and proposed to her, Susan left the university and married him. Mrs Buffett grew up only one and a half blocks from her home.
undertaking
1957, Buffett established a non-binding Buffett Investment Club with a capital of 300,000 US dollars, which rose to 500,000 US dollars by the end of the year.
From 65438 to 0962, the capital of Buffett's partner company reached 7.2 million US dollars, of which 1 10,000 belonged to Buffett himself. At that time, he merged several partner enterprises into a "Buffett Partners Limited". The minimum investment has been expanded to more than 654.38 million dollars. It's a bit like a private equity fund or a private investment company in China.
From 65438 to 0964, Buffett's personal wealth reached $4 million, while the funds he was in charge of had reached $22 million.
1966 in the spring, the US stock market was bullish, but Buffett was restless. Although his stock is soaring, he finds it difficult to find cheap stocks that meet his standards.
1967 10, Buffett's funds reached $65 million.
From 65438 to 0968, Buffett's stock achieved the best result in history: it rose by 46%, while the Dow Jones index rose by 9%. Buffett's funds rose to $6.5438+0.04 million, of which $25 million belonged to Buffett.
1968 In May, when the stock market was soaring, Buffett informed his partners that he was retiring. Subsequently, he gradually liquidated almost all the shares of Buffett Partners.
From June 65438 to June 0969, the stock market plummeted and gradually evolved into a stock market crash. By May 1970, every stock had fallen by 50% or more than at the beginning of the year.
During the period of 1970 ~ 1974, the American stock market was like a deflated ball with no vitality. Sustained inflation and low growth have brought the American economy into a stagflation period. However, Buffett, who was once lost, was secretly glad to see the money coming-he found too many cheap stocks.
1972, Buffett once again focused on the newspaper industry, because he found that owning a famous newspaper was like owning a toll bridge, and any passerby had to stay and buy money.
Starting from 1973, he stole the Boston Globe and Washington post from the stock market, and his involvement greatly increased Washington post's profits, with an average annual increase of 35%. After 10 years, Buffett's investment of 10 million dollars rose to 200 million.
1980, he bought 7% shares of Coca-Cola at the unit price of 10.96 USD per share. By 1985, Coca-Cola changed its business strategy and began to withdraw funds and invest in beverage production. The unit price of its shares has risen to $565,438 +0.5, a fivefold increase. As for how much money has been earned, this figure can shock investors all over the world.
1992, Buffett bought 4.35 million shares of General Dynamics, an American high-tech defense industry company, at a price of $74 per share. By the end of the year, the share price had risen to 1 13. Buffett's stock worth $322 million six months ago is now worth $49 1 10,000.
By the end of 1994, 1994 had developed into a Berkshire industrial kingdom with $23 billion. It is no longer a spinning mill, but has become Buffett's huge investment and financial group.
From 1965 to 1998, Buffett's stock grew at an average annual rate of 20.2%, which was 0 percentage point higher than that of Dow Jones index 10.65438. If anyone invests 10000 dollars in Buffett's company in 1965, he will get a return of $4.33 million through 1998. In other words, whoever chose Buffett 33 years ago was on the rocket to get rich.
In March 2000, Buffett became the honorary chairman of RCA Certified Analysts Association.
Since 2000, Buffett has raised funds for the Glide Foundation through online auction. The reserve price is $50,000 to get a chance to have dinner with Buffett.
In June 2006, Buffett announced his plan to donate about10 million B shares of Berkshire Hathaway to the Bill and Melinda Gates Foundation, which was the largest charitable donation in American history.
On the evening of March 1 2007, Berkshire Hathaway, Warren Buffett's flagship investment company, announced its financial year 2006 results. The data shows that the company's main insurance business has benefited a lot from the hurricane of "breaking the contract".
Berkshire's profit increased by 29.2% in 2006, reaching 1 102 billion US dollars (up from 8.53 billion US dollars in the same period in 2005). Earnings per share were $765,438+044 ($5,338 in 2005).
During the 42 years from 1965 to 2006, the average annual growth rate of Berkshire's net assets reached 2 1.46%, with a cumulative increase of 361156%; In the same period, the average annual growth rate of S&P 500 companies was 65,438+00.4%, and the cumulative growth rate was 64.79%.
fall ill
On April 7th, 20 12, Warren Buffett, an American stock god, sent a letter to the shareholders of his company Berkshire Hathaway, saying that he was diagnosed with prostate cancer, but he still said optimistically in the letter that he felt fine, and the doctor said that his illness would not be life-threatening by 20 12 years.
After Buffett announced on April 17 that he had stage I prostate cancer, US President Barack Obama called Buffett on April 18 to express his condolences. White House Press Secretary Jay Carney said that after learning that Buffett had prostate cancer, Obama took the initiative to call to express condolences. "They made a short phone call. The president wishes him all the best. "
Buffett, 8 1 year-old, wrote a letter to the shareholders of Berkshire Hathaway on April 17, 2007, saying that he was diagnosed with cancer in the physical examination on June 1 1. He described himself as "full of energy", but said that he would report to shareholders in time if he had any abnormal health.
According to the American Cancer Society, if the primary prostate cancer has not spread, the survival rate of patients within five years after treatment is close to 100%.
Baidu Encyclopedia-Warren Buffett