<p><strong>伯克希尔哈撒韦</strong>(BRK.A -0.40%) (BRK.B 0.83%) 是全球最大的、最成功的公司之一。自 1965 年以来，由具有远见的投资者兼首席执行官沃伦·巴菲特领导，这家投资集团的市值约为 9950 亿美元，排名全球第 11 大企业。</p>
<p>巴菲特一直是公司的杰出领导者，帮助公司在过去半个世纪中超越了更广泛的市场，但他将在今年年底卸任首席执行官。董事会主席格雷格·阿贝尔将接替巴菲特担任首席执行官，这一权力交接将标志着金融历史上最引人注目的领导层变更之一。</p>
<p><img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84MjY0MTYvYnVmZmV0dDE3LXRtZi5qcGcmdz03MDA?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" width="700" height="466" original-src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84MjY0MTYvYnVmZmV0dDE3LXRtZi5qcGcmdz03MDA"/></p>
<p>图片来源：The Motley Fool。</p>
<p>虽然巴菲特卸任首席执行官可能会在明年为股票带来一些不确定性，但公司拥有出色的分析师团队，并且似乎有强大的接班计划。即使在关键管理层变动即将到来之际，现在购买伯克希尔哈撒韦的股票依然有很好的理由。</p>
<h2>伯克希尔哈撒韦股票看起来是一个明智的防御性投资</h2>
<p>截至目前，伯克希尔的股票年初至今上涨了约 2%——这一表现显著落后于 <strong>标准普尔 500</strong> 指数约 8% 的涨幅。相对表现不佳的原因相对明确。</p>
<p>在过去一年中，伯克希尔大幅净卖出股票，并选择在一些依赖增长的投资中保持观望，这些投资经历了巨大的估值增长，推动主要指数创下新高。虽然这意味着巴菲特的公司错过了市场近期反弹的一些收益，但这也使得该投资集团的股票在当前看来更具吸引力，作为防御性投资。</p>
<p>伯克希尔拥有一支出色的选股团队，公司积累了 3440 亿美元的现金储备，待团队认为有便宜货时进行部署。对于长期投资者而言，伯克希尔仍然具备成为投资组合支柱的潜力，并有超越市场的可能性。</p>

伯克希尔哈撒韦-A

伯克希尔哈撒韦-B

南方两倍做多伯克希尔

<p>伯克希尔哈撒韦（BRK.A）是一家领先的投资集团，市值约为 9950 亿美元。随着沃伦·巴菲特准备辞去首席执行官职务，该公司被视为一种强有力的防御性投资，尽管近期表现不及标准普尔 500 指数。凭借稳健的接班计划和 3440 亿美元的现金储备，伯克希尔哈撒韦仍然是寻求稳定和超越市场潜力的长期投资者的一个引人注目的选择</p>

<p><strong>Berkshire Hathaway</strong>(BRK.A -0.40%) (BRK.B 0.83%) is one of the world's largest and most successful companies. Led by visionary investor and CEO Warren Buffett since 1965, the investment conglomerate has a market capitalization of roughly $995 billion -- and it ranks as the 11th-largest overall business in the world.</p>
<div class="lb-trans"><p><strong>伯克希尔哈撒韦</strong>(BRK.A -0.40%) (BRK.B 0.83%) 是全球最大的、最成功的公司之一。自 1965 年以来，由具有远见的投资者兼首席执行官沃伦·巴菲特领导，这家投资集团的市值约为 9950 亿美元，排名全球第 11 大企业。</p>
</div><p>Buffett has been an incredible leader for the company and helped it to crush the broader market over the last half century, but he's poised to step down as the company's CEO at the end of this year. Board chairman Greg Abel will be succeeding Buffett in the CEO role -- a passing of the torch that will mark one of the most high-profile leadership transitions in finance history.</p>
<div class="lb-trans"><p>巴菲特一直是公司的杰出领导者，帮助公司在过去半个世纪中超越了更广泛的市场，但他将在今年年底卸任首席执行官。董事会主席格雷格·阿贝尔将接替巴菲特担任首席执行官，这一权力交接将标志着金融历史上最引人注目的领导层变更之一。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84MjY0MTYvYnVmZmV0dDE3LXRtZi5qcGcmdz03MDA" alt="" original-src="https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F826416%2Fbuffett17-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：The Motley Fool。</p>
</div><p>While Buffett's move out of the CEO role could create some uncertainty for the stock heading into next year, the company has a great team of analysts and seems to have a strong succession plan in place. Even with a key management transition on the near horizon, there's a great reason to buy Berkshire Hathaway stock right now.</p>
<div class="lb-trans"><p>虽然巴菲特卸任首席执行官可能会在明年为股票带来一些不确定性，但公司拥有出色的分析师团队，并且似乎有强大的接班计划。即使在关键管理层变动即将到来之际，现在购买伯克希尔哈撒韦的股票依然有很好的理由。</p>
</div><h2>Berkshire Hathaway stock looks like a smart defensive investment</h2>
<div class="lb-trans"><h2>伯克希尔哈撒韦股票看起来是一个明智的防御性投资</h2>
</div><p>Berkshire stock has gained roughly 2% year to date as of this writing -- a performance that lags significantly behind the <strong>S&amp;P</strong> <strong>500</strong> index's gain of roughly 8%. Some of the reasoning for the relative underperformance is relatively clear.</p>
<div class="lb-trans"><p>截至目前，伯克希尔的股票年初至今上涨了约 2%——这一表现显著落后于 <strong>标准普尔 500</strong> 指数约 8% 的涨幅。相对表现不佳的原因相对明确。</p>
</div><p>Berkshire has been a substantial net seller of stocks over the last year and opted to stay on the sidelines as some growth-dependent plays have seen huge valuation gains and helped push major indexes to new record levels. While this has meant that Buffett's company has missed out on some of the effects of the market's recent rally, it also makes the investment conglomerate's stock more appealing as a defensive play right now.</p>
<div class="lb-trans"><p>在过去一年中，伯克希尔大幅净卖出股票，并选择在一些依赖增长的投资中保持观望，这些投资经历了巨大的估值增长，推动主要指数创下新高。虽然这意味着巴菲特的公司错过了市场近期反弹的一些收益，但这也使得该投资集团的股票在当前看来更具吸引力，作为防御性投资。</p>
</div><p>Berkshire has a fantastic team of stock pickers, and the company has amassed a $344 billion cash pile that it will deploy when the team thinks bargains are available. For long-term investors, Berkshire continues to have the makings of a portfolio anchor with market-beating potential.</p>
<div class="lb-trans"><p>伯克希尔拥有一支出色的选股团队，公司积累了 3440 亿美元的现金储备，待团队认为有便宜货时进行部署。对于长期投资者而言，伯克希尔仍然具备成为投资组合支柱的潜力，并有超越市场的可能性。</p>
</div>

1 Reason to Buy Berkshire Hathaway (BRK.A) Stock

- 伯克希尔哈撒韦市值约 9950 亿美元，排名全球第 11。  
- 沃伦·巴菲特将于年底卸任 CEO，接任者为格雷格·阿贝尔。  
- 尽管面临管理层变动，伯克希尔股票仍被视为防御性投资。

购买伯克希尔哈撒韦（BRK.A）股票的一个原因