That man who is good at making money is back again.
is called the "stock god" for a reason. Some time ago, Buffett announced Berkshire Hathaway's annual performance last year on the official website.
made me meow.
The picture is from Visual China and has been authorized. Warren Buffett
According to the US generally accepted accounting standards , the annual operating profit of Berkshire last year was 27.455 billion US dollars (about 173.461 billion yuan, the same below), investment Revenue doubled to $61.577 billion (approximately 388.975 billion yuan).
In 2021, Buffett's Berkshire will achieve a net profit of US$89.795 billion (approximately 567.226 billion yuan) attributable to its parent, a year-on-year increase of over 111%.
is equivalent to last year, Buffett can make a net profit of 1.554 billion yuan a day, a net profit of 64.75 million yuan per hour, a net profit of 1.08 million yuan per minute, and a net profit of 18,000 yuan per second .
The picture is from Visual China, authorized
After taking a look at these "astronomical figures", I really can't imagine how it feels to have so much money lying in the account. The money earns every second is the most The wages of the salaried class for one month are .
This comparison, really don’t want to be too cruel...
I want to sigh more, the money the stock gods made last year can single out the sum of the profits of domestic listed real estate companies in 2020, let alone in 2021, domestic real estate companies are almost The profit of the whole line fell or there was a net loss (for details, please click: "The King of Losing Money" was born! China Fortune Land Development lost 33.1 billion, Sunshine City lost 4.5 billion).
Buffett, who is 92 years old this year, may not be able to hold back his joy.
In the 12-page 57th letter to shareholders, Buffett used "Surprise, Surprise" as the second subtitle. The title, net wealth soared.
Money begets money, snowballs. Looking at Buffett's heavy holdings, I immediately understood that the gap between ordinary people and the rich is not a star.
The god of stocks outperformed the S&P 500 again. At this time last year, almost all media reports were headlined with "Buffett Lost", "Profit cut in half", and "Huge loss of XXXX billion yuan".
But what makes him stronger than ordinary people is that Buffett’s capital wealth has accumulated to a certain extent. When he makes money, he makes a lot of money.
first look at a picture.
said that Caimao has sorted out the growth rate of Berkshire in the past 20 years. Compared with the S&P 500, in 2021, Berkshire ’s stock price will increase by 29.6%, ahead of S&P 500 (up 28.7%) 0.9 percentage points. According to the trajectory of
in the past 20 years, there were four years in which Berkshire experienced negative growth.
are 2001, 2008, 2011 and 2015 respectively, corresponding to the 9/11 incident; the financial crisis in 2008; the US regime struggle, Occupy Wall Street and other events; California Crude oil spills, shootings, etc. send.
If you look at it comprehensively, from 1965 to 2021, Berkshire’s compound annual growth rate far exceeds the average level of the S&P 500 index. Berkshire ran a compound annual growth rate of 20.1%, while the S&P 500 only had 10.5% .
Berkshire's operating income sources mainly rely on two categories, one is insurance, and the other is railroads, utilities and energy.
Observing the income changes in the past three years, Buffett’s company’s income fell by 3.58% in 2020 due to the impact of the epidemic, but last year’s income increased by 12.46%. In other words, when the global economy was affected by the epidemic, Buffett’s income fell less, and when the economy recovered after the epidemic, he was able to quickly recover with full blood.
Among them, the income of the insurance industry and energy has been growing steadily in the past three years.
Screenshot from Berkshire’s annual report, the red boxes represent total income, net income, and net profit attributable to the parent respectively
You all know the famous saying of the stock god "When others are greedy, you should be fearful. When others are fearful, you should be fearful Be greedy." Looking at the changes and areas of Buffett's heavy positions stocks , we can roughly see the investment logic of the stock god.
Among Buffett’s 15 stocks, only American Express , Apple Inc. , Bank of America , Bank of New York Mellon , three Japanese trading companies, Moody’s and Verizon’s shareholdings The ratio has been raised.
In addition, Buffett has reduced holdings of BYD , Chartered Communications, Chevron , Coca-Cola , General Motors and Bank of America to varying degrees.
PS: Red indicates increase in shareholding ratio, green indicates decrease in shareholding ratio, "—" indicates that it was not in the ranks of heavy holdings at the time
In terms of market value, Apple is still Buffett's "favorite", holding 5.6% of the shares, accounting for the total market value 45.9%, nearly half of the investment focus is on Apple. As early as 2016, Buffett bought Apple one after another.
Although he stepped on Apple, a technology giant, Amazon missed the best buying opportunity. At the Berkshire Hathaway annual meeting in 2018, Buffett publicly admitted for the first time that he regretted not investing in Amazon sooner.
The following year, Berkshire announced its $900 million stake in Amazon.
From banks, biopharmaceuticals, comprehensive trading companies to automobiles, beverages and technology, Buffett has invested in almost every industry leader in the world. However, the only Chinese stock that bought heavily is BYD .
There are no absolutes in the world. There are also many cases of Buffett’s investment failures, such as being locked up by American Airlines for nine years, investing in ConocoPhillips losing $2.6 billion, investingInvested in the "Indian version of Alipay " Paytm, whose stock price continued to fall, and so on.
股神业绩“一挑N”
或超国内房企利润之和
早在2010年，伯克希尔的股东大会上，巴菲特曾表示，“中国的房地产市场就是在赌博，而且赌得很大There is a group of people who are gambling heavily on a large scale. The growth of wealth should be accumulated gradually.”
This sentence is viewed today in 2022, which is more or less hit by the stock gods.
Developers have indeed gambled many times. In the past few years, almost all their chips have been thrown out. In the difficult 2021, policy regulation and financial tightening have almost strangled the developers' necks. In a research report on the real estate industry,
said that Caimao saw a set of data. In 2020, the overall net profit of the real estate industry will be 561.881 billion yuan, and the net profit attributable to the parent will be 498.787 billion yuan, with both growth rates declining.
Screenshot from an industry research report
The cruel reality is that Buffett’s net profit attributable to his parent in 2021 far exceeds the total net profit attributable to his parent in the real estate industry as a whole.
Last year, Berkshire’s subsidiary Berkshire achieved a net profit of US$89.795 billion (approximately 567.226 billion yuan), which was 68.439 billion yuan more than the net profit attributable to the parent of the real estate industry as a whole in 2020. One Evergrande " (Evergrande's net profit attributable to the parent in 2020 is 33.9 billion yuan).
Screenshot from the industry research report, the performance chart of the growth rate of net profit attributable to the parent of the real estate industry as a whole
What is not very optimistic is that in recent years, the growth rate of net profit attributable to the parent of real estate companies has been worrying.
From the perspective of the growth rate of net profit attributable to the parent of the real estate industry as a whole, the growth rate has declined overall since 2017, and the growth rate in 2020 will be negative.
Last year, more than 60% of the developers expected to make a loss in performance, and few real estate companies were able to maintain a positive growth in net profit attributable to their parents, all of which experienced varying degrees of decline.
For example, China Merchants Shekou and Gemdale Group both released performance reports not long ago showing that China Merchants Shekou’s net profit fell by 59% and Jindi Group’s net profit fell by 59%. %.
It is a fact that the profits of small and medium-sized real estate companies that do not have the advantages of scale and financing costs have declined significantly.
made a preview, saying that Caimao will also conduct an in-depth interpretation of the annual reports of real estate companies in the future. If you are interested in the performance of any real estate company, you can leave us a message in the background or at the end of the article, and try to meet the needs of fans! The one with the highest voice will be focused on~
