<p><strong>伯克希尔哈撒韦</strong>(BRK.A -0.33%) (BRK.B -0.11%) 可能会在 2025 年第一季度的财报于 5 月 2 日左右发布。即使你心中和其他人一样有疑问，你可能还是想在这个日期之前买入。</p>
<p>这个问题很可能是：“首席执行官沃伦·巴菲特正在投资什么？” 这突显了为什么今天伯克希尔哈撒韦值得购买，以及为什么这家公司与几乎所有其他可购买的公司不同。</p>
<h2>伯克希尔哈撒韦在 2024 年的重大举措</h2>
<p>伯克希尔，技术上是一个庞大的综合企业，在 2024 年经历了一个有趣的年份。最大的新闻是巴菲特和他的团队在公司的股票投资组合中，出售的频率远高于购买。用一些数字来说明，现金和短期投资在去年几乎翻了一番。</p>
<p><img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84MTU1NjAvMjVfMDJfMjctYS1jbG9zZS11cC1vZi13YXJyZW4tYnVmZmV0dC1zbWlsaW5nLV9tZi1kbG9hZC1pbWFnZS1zb3VyY2UtbW90bGV5LWZvb2wtYnVmZmV0dDEtdG1mLmpwZyZ3PTcwMA?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84MTU1NjAvMjVfMDJfMjctYS1jbG9zZS11cC1vZi13YXJyZW4tYnVmZmV0dC1zbWlsaW5nLV9tZi1kbG9hZC1pbWFnZS1zb3VyY2UtbW90bGV5LWZvb2wtYnVmZmV0dDEtdG1mLmpwZyZ3PTcwMA"/></p>
<p>图片来源：Motley Fool。</p>
<p>鉴于 <strong>标准普尔 500</strong> 指数今天处于修正区间（下跌超过 10%），这可能听起来像是被亲切称为 “奥马哈先知” 的巴菲特的先见之明。虽然出售资产的决定可能与估值担忧有关，但巴菲特的投资方法并不包括市场时机选择。因此，这可能更多的是一种巧合。实际上，伯克希尔哈撒韦如此庞大，以至于必须缓慢而谨慎地行动。</p>
<p>无论巴菲特和他的团队如何或为何大幅增加公司资产负债表上的现金，它都处于良好的位置，可以应对市场的不确定性。更重要的是，当他认为找到了价格合理的投资时，可以作为买家介入。</p>
<p>这可能发生在其公开交易公司的投资组合中，或在其大量全资拥有的企业中。第一季度的更新将被仔细审查，以寻找巴菲特认为是时候再次开始购买的迹象。</p>
<h2>一种截然不同的公司</h2>
<p>投资者可能对沃伦·巴菲特的投资决策比他和他的团队管理的综合企业的表现更感兴趣，这一点很重要。基本上，伯克希尔是他的投资工具。</p>
<p>正如下图所示，这个工具在长期内的表现远远超过了标准普尔 500 指数的价格表现和总回报。</p>
<p><img src="https://imageproxy.pbkrs.com/https://media.ycharts.com/charts/3ceb6b367771d14db855cd653addb0ed.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://media.ycharts.com/charts/3ceb6b367771d14db855cd653addb0ed.png"/></p>
<p>BRK.A 数据来源于 YChart。</p>
<p>很少有投资者能够达到这样的成功水平。华尔街紧紧关注巴菲特的每一句话和每一个投资决策是有道理的。</p>
<p>然而，从个人投资者的角度来看，当你购买伯克希尔哈撒韦时，你可能是因为想把钱交给巴菲特，让他和他的团队为你投资。这一点，加上它拥有的大量多元化公司投资组合，使得伯克希尔更像是一个共同基金，而不是一家传统公司。</p>
<p>如果你以这种方式看待公司，那么即将于 5 月 2 日发布的财报实际上是毫无意义的。只需一个简单的问题就能证明这一点：雇佣一个优秀的资金经理是否有坏时机？</p>
<p>当然，考虑到股市固有的波动性，投资的时机会有好有坏。但将现金交给巴菲特和他的团队为你投资，无论在更广泛的市场或经济中发生什么，都是一个稳妥的选择。</p>
<h2>忘记 5 月 2 日，关注真正的业务</h2>
<p>最终，5 月 2 日只是一个随机日期，几乎没有意义。当然，公司会提供其业务表现的更新，这可能好也可能坏。但真正的更新将围绕巴菲特和他的团队代表股东所做的投资决策。这才是伯克希尔哈撒韦的真正业务，也是现在购买该股票的最佳时机。</p>

伯克希尔哈撒韦-B

伯克希尔哈撒韦-A

<p>伯克希尔哈撒韦（BRK.A，BRK.B）预计将在 5 月 2 日左右公布 2025 年第一季度的财报。投资者被鼓励在此日期之前购买该股票，因为首席执行官沃伦·巴菲特的投资决策备受关注。在 2024 年，伯克希尔出售的资产超过了购买的资产，增加了现金和短期投资。这一策略使公司能够更好地应对市场不确定性，并抓住有吸引力的投资机会。最终，即将发布的财报的重要性不及巴菲特的投资方法，因此现在是投资伯克希尔哈撒韦的有利时机</p>

<p><strong>Berkshire Hathaway</strong>(BRK.A -0.33%) (BRK.B -0.11%) will likely report first-quarter 2025 earnings on or around May 2. You might want to buy it before that date even if you have the same question on your mind as everyone else.</p>
<div class="lb-trans"><p><strong>伯克希尔哈撒韦</strong>(BRK.A -0.33%) (BRK.B -0.11%) 可能会在 2025 年第一季度的财报于 5 月 2 日左右发布。即使你心中和其他人一样有疑问，你可能还是想在这个日期之前买入。</p>
</div><p>That question is highly likely to be, &#34;What is CEO Warren Buffett investing in?&#34; And it highlights why Berkshire Hathaway is a buy today and why the company is different from just about every other company you can buy.</p>
<div class="lb-trans"><p>这个问题很可能是：“首席执行官沃伦·巴菲特正在投资什么？” 这突显了为什么今天伯克希尔哈撒韦值得购买，以及为什么这家公司与几乎所有其他可购买的公司不同。</p>
</div><h2>Berkshire Hathaway's big move in 2024</h2>
<div class="lb-trans"><h2>伯克希尔哈撒韦在 2024 年的重大举措</h2>
</div><p>Berkshire, which is technically a massive conglomerate, had an interesting year in 2024. The big news was the fact that Buffett and his team spent the year selling far more often than buying within the company's stock portfolio. To put some numbers on that, cash and short-term investments nearly doubled last year.</p>
<div class="lb-trans"><p>伯克希尔，技术上是一个庞大的综合企业，在 2024 年经历了一个有趣的年份。最大的新闻是巴菲特和他的团队在公司的股票投资组合中，出售的频率远高于购买。用一些数字来说明，现金和短期投资在去年几乎翻了一番。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84MTU1NjAvMjVfMDJfMjctYS1jbG9zZS11cC1vZi13YXJyZW4tYnVmZmV0dC1zbWlsaW5nLV9tZi1kbG9hZC1pbWFnZS1zb3VyY2UtbW90bGV5LWZvb2wtYnVmZmV0dDEtdG1mLmpwZyZ3PTcwMA" alt="" original-src="https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F815560%2F25_02_27-a-close-up-of-warren-buffett-smiling-_mf-dload-image-source-motley-fool-buffett1-tmf.jpg&amp;op=resize&amp;w=700"/></p>
<p>Image source: The Motley Fool.</p>
<div class="lb-trans"><p>图片来源：Motley Fool。</p>
</div><p>Given that the <strong>S&amp;P 500</strong> index is in correction territory today (down by more than 10%), that may sound like a prescient move on the part of the man known affectionately as the Oracle of Omaha. While the decision to sell assets was likely related to valuation concerns, Buffett's investment approach doesn't include market timing. So it was likely more of a happy coincidence than anything else. Indeed, Berkshire Hathaway is so large that it has to move slowly and deliberately.</p>
<div class="lb-trans"><p>鉴于 <strong>标准普尔 500</strong> 指数今天处于修正区间（下跌超过 10%），这可能听起来像是被亲切称为 “奥马哈先知” 的巴菲特的先见之明。虽然出售资产的决定可能与估值担忧有关，但巴菲特的投资方法并不包括市场时机选择。因此，这可能更多的是一种巧合。实际上，伯克希尔哈撒韦如此庞大，以至于必须缓慢而谨慎地行动。</p>
</div><p>Regardless of how or why Buffett and his team dramatically increased the cash on the company's balance sheet, it is well positioned to weather the market uncertainty. And, more importantly, to step in as a buyer when he believes it has found an attractively priced investment.</p>
<div class="lb-trans"><p>无论巴菲特和他的团队如何或为何大幅增加公司资产负债表上的现金，它都处于良好的位置，可以应对市场的不确定性。更重要的是，当他认为找到了价格合理的投资时，可以作为买家介入。</p>
</div><p>That could happen within its portfolio of publicly traded companies or within its large collection of fully owned businesses. The first-quarter update will be scoured for indications that Buffett believes it is time to start buying again.</p>
<div class="lb-trans"><p>这可能发生在其公开交易公司的投资组合中，或在其大量全资拥有的企业中。第一季度的更新将被仔细审查，以寻找巴菲特认为是时候再次开始购买的迹象。</p>
</div><h2>A vastly different kind of company</h2>
<div class="lb-trans"><h2>一种截然不同的公司</h2>
</div><p>The fact that investors are likely to be more interested in the investment decisions of Warren Buffett than the performance of the conglomerate that he and his team manage is important. Basically, Berkshire is his investment vehicle.</p>
<div class="lb-trans"><p>投资者可能对沃伦·巴菲特的投资决策比他和他的团队管理的综合企业的表现更感兴趣，这一点很重要。基本上，伯克希尔是他的投资工具。</p>
</div><p>As the chart below highlights, that vehicle has vastly outperformed both the price performance and the total return of the S&amp;P 500 index over time.</p>
<div class="lb-trans"><p>正如下图所示，这个工具在长期内的表现远远超过了标准普尔 500 指数的价格表现和总回报。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://media.ycharts.com/charts/3ceb6b367771d14db855cd653addb0ed.png" alt="" original-src="https://media.ycharts.com/charts/3ceb6b367771d14db855cd653addb0ed.png"/></p>
<p>BRK.A data by YChart.</p>
<div class="lb-trans"><p>BRK.A 数据来源于 YChart。</p>
</div><p>Very few investors have achieved this level of success. It makes sense that Wall Street would hang on Buffett's every word and his every investment decision.</p>
<div class="lb-trans"><p>很少有投资者能够达到这样的成功水平。华尔街紧紧关注巴菲特的每一句话和每一个投资决策是有道理的。</p>
</div><p>From an individual investors' point of view, however, when you buy Berkshire Hathaway, you are likely doing so because you want to give Buffett your money so he and his team can invest it for you. That, plus the large and diversified portfolio of companies it owns, make Berkshire much more like a mutual fund than a traditional company.</p>
<div class="lb-trans"><p>然而，从个人投资者的角度来看，当你购买伯克希尔哈撒韦时，你可能是因为想把钱交给巴菲特，让他和他的团队为你投资。这一点，加上它拥有的大量多元化公司投资组合，使得伯克希尔更像是一个共同基金，而不是一家传统公司。</p>
</div><p>If you view the company in this manner, then the upcoming earnings release around May 2 is actually kind of meaningless. All it takes is one simple question to prove why: Is there ever a bad time to hire a good money manager?</p>
<div class="lb-trans"><p>如果你以这种方式看待公司，那么即将于 5 月 2 日发布的财报实际上是毫无意义的。只需一个简单的问题就能证明这一点：雇佣一个优秀的资金经理是否有坏时机？</p>
</div><p>Sure, there will be better and worse times to invest, given the inherent volatility of the stock market. But giving Buffett and his team your cash to invest for you is likely to be a solid choice no matter what is going on in the broader market or in the economy.</p>
<div class="lb-trans"><p>当然，考虑到股市固有的波动性，投资的时机会有好有坏。但将现金交给巴菲特和他的团队为你投资，无论在更广泛的市场或经济中发生什么，都是一个稳妥的选择。</p>
</div><h2>Forget about May 2, focus on the real business</h2>
<div class="lb-trans"><h2>忘记 5 月 2 日，关注真正的业务</h2>
</div><p>In the end, May 2 is just a random date with little to no meaning. Sure, the company will provide an update on its business performance, which may be good or bad. But the real update will be around the investment decisions Buffett and his team are making on behalf of shareholders. That's the real business of Berkshire Hathaway and why now is as good a time as any to buy the stock.</p>
<div class="lb-trans"><p>最终，5 月 2 日只是一个随机日期，几乎没有意义。当然，公司会提供其业务表现的更新，这可能好也可能坏。但真正的更新将围绕巴菲特和他的团队代表股东所做的投资决策。这才是伯克希尔哈撒韦的真正业务，也是现在购买该股票的最佳时机。</p>
</div>

Here's Why Berkshire Hathaway Stock Is a Buy Before May 2

- 伯克希尔哈撒韦预计将在 5 月 2 日左右公布 2025 年第一季度财报。  
- 2024 年，巴菲特团队出售股票的频率高于购买，现金和短期投资几乎翻倍。  
- 投资者关注巴菲特的投资决策，认为现在是购买伯克希尔的好时机。  

以下是伯克希尔哈撒韦股票在 5 月 2 日之前值得买入的原因