“Stock god” Buffett (Warren Buffett) has a famous saying: “Only when the tide goes out, you will know who is not wearing pants.” In the turbulent situation this year, Buffett’s Berkshire Hathaway (BRK.B -US) outperformsS&P 500 Indexand once again became the 5th largest constituent stock by market value, foreign media also praised Buffett for having the last laugh in the bear market.
Benefiting from the recent gains in the stock market, Berkshire has outperformed the S&P 500 again this year and has outperformed the S&P 500 over the past 1, 3, 5 and 10 years.
Berkshire’s market value in January this year wasS&P 500 IndexRanked 8th among constituent stocks, behind Tesla (TSLA-US), Huida (NVDA-US)、Meta(META-US) Wait.
However, by the end of the year, the shares of all three companies had fallen. Tesla’s market value has shrunk by more than US$444 billion to US$618.6 billion, ranking it down to No. 6. Huida’s market value fell by US$329 billion to US$406.5 billion, and its ranking fell to 11th. And Meta’s share price fell 66% this year, and its market value ranking fell to 20th.
Empire Financial Research analyst Whitney Tilson said that overall, Berkshire’s financial performance is impressive, and the company’s intrinsic value continues to grow.
US Securities and Exchange Commission (SEC) documents show that as of September 30, Berkshire invested a total of about 9 billion US dollars in the US stock market, about one-third of which flowed into energy stocks. Berkshire currently holds 165 million shares of Chevron, worth $23.8 billion, and 194 million shares of Occidental Petroleum, worth $11.9 billion.
Overall, Berkshire spent a total of US$66 billion on stock purchases in the first three quarters of this year, more than 13 times higher than the same period last year.