저자: 재테크농부 · 한국인
요약 보기
버크셔해서웨이는 단기적으로 S&P500 대비 약세지만, 2025년 4월 하락장에서 방어력을 보였고 장기 복리 수익률이 우월하다고 주장. 버핏 은퇴 우려는 과도하며 후계자 그레그 아벨이 이미 운영 중. 버핏은 현금을 쌓고 있고 올해 상반기 자사주 매입이 없어 시장 전반이 고평가됐다는 신호로 해석. 관세·지정학 리스크 속 관망 모드이므로 현금 보유, 성장 없는 가치주 경계, 버블 주의를 권고. 영상 말미에 유료 플랫폼·도서 홍보 포함.
다듬은 글
hello. I am Jetech Farmer. There is a name that is familiar to most people, even if they do not invest in stocks. Burke, led by Wallace Buffett, is a company connected to the word "faith" beyond mere stocks . However, some investments are wavering as Berkshire’s A has recently been recording returns lower than the market .
In the short term, it is showing weakness compared to the SMP 500 in Burke. One of the reasons is the news of Warren Buffett's retirement . However, we must not stop here. It is time to interpret the meaning of the chart, not just look at the numbers . If you look at this chart, there is a section I have marked with a red box, which is the bear market of April 2025.
The SMP 500 fell into panic as it plummeted by nearly 20%, while Berkshire showed an inverse trend, rising by nearly 20%. No matter how good a stock is, there is no stock that can beat the market . However, Berkshire Hathaway beat the market. The green line represents Berkshire Hathaway, and the black line represents the S&P 500 ETF.
If you look at this graph, even when the market was shaken by fears of high inflation and high interest rates in 2022, Berkshire Hathaway proved its defensive capabilities by showing a much smaller decline than the S&P 500 . This is not simply a coincidence . This is the result of the insurance, railroad, energy, and infrastructure assets in Berkshaw's portfolio demonstrating resilience that remains unshaken even during economic downturns .
Finally, let 's compare the cumulative returns over the past five years. In Burke, Way rose 143% and SMP 500 rose 96%. We achieved an excess return of a whopping 47.7 percentage points . While this is partly due to Buffett’s excellent stock selection, above all, it is evidence of how formidable and powerful the long-term compounding effect is.
Looking further ahead, the difference in returns becomes even greater. The average annual return for the above in Burke is a whopping 19.9%, and the average annual return for SMP 500 is 10.4%. It is 4%. Here, we need to remember two points . Is it a strong stock in a bear market ? The real company is the one that is less shaken when the market is shaky .
Does the SMP 500 cause long-term injury? What do these two things mean? First, at Berkshaw, it is a company that operates based on intrinsic values. We have a portfolio consisting of cash-generating business groups, rather than trends or themes. In the second bar, we can see that Wei adopts a strategy of not holding the market in order to beat the market.
The SMP 500 is composed mainly of technology stocks, so it is highly volatile and sensitive to thematic trends. On the other hand, Burke is focused on essential economic base assets such as value, infrastructure, energy, and insurance . Therefore, the current decline in stock prices in Burke is likely a short-term deterrent.
Wallace Buffett's retirement is certainly an event. However, equally important is that Buffett's spirit and the structure of Berkshaw remain the same. Gregavel, the successor, is a figure who has already led the overall business for several years . Investment principles, capital allocation philosophy, and risk management culture are already internalized.
So, let's examine the important investment insights we need to know from the earnings announcement at this Berkshire . Warren Buffett's static strategy refers to an investment approach of observing the market without rushing into action and holding cash while waiting for an opportunity to arise . Over the past three years, Buffett has accumulated a tremendous amount of cash.
The cash reserves that increased every quarter from 2022 to 2024 have already far exceeded 300 trillion won. Although it decreased by 1% in the second quarter of 2025, the fact that it still holds massive cash suggests that Wallen Burppit is still waiting . Burke does not pay dividends . Instead, it returns profits to shareholders by buying back and eliminating its own shares .
In fact, the total number of shares in Burke has decreased by about 13% since 2018 . However, during the first half of this year, the company did not buy back a single share of its own stock . What does this mean? Buffett believes that even his own company's stock is not cheap. At the same time, this can be confirmed as a signal that the entire U.S.
stock market is overvalued. In other words, it means that buying stocks now is not at the price I want. Warren Buffett mentioned President Trump's tariff policies, geopolitical risks, and economic instability several times in this earnings report. He is currently viewing the market like this . Interest rates remain high, the economy is in a state of both recession and recovery, political risk has emerged as a variable, and corporate realities are moving in an unbalanced manner.
So, Will Buffett is not taking action yet . He is in strict observer mode, intending to wait until everything is sorted out . In that case, how should we respond now? We can consider four main strategies. Holding cash is a strategy. Avoid value stocks without growth. Let's be wary of the current bubble .
Let's make the most of this opportunity. Warren Buffett is currently silent. However, the moment he makes a move, the direction of the market could change. I think now is the time for us to prepare for that moment . As I always say, I believe you should maintain a portfolio that gives you peace of mind, even if a market downturn occurs today.
I share my market response strategies and actual portfolio management methods through the Fanding platform. Actually, yesterday I purchased a Hatch asset for 50 million won . We are also running a limited-time 15% discount event, so please refer to the pinned comment. At Berkshire, foreign investors were not always at the center of the market .
It always remained in the background like a quiet giant, sometimes overshadowed by flashy tech or growth stocks. However, it was called this because it always appeared whenever the world was difficult, interest rates stood firm, the economy was shaken, and investors were confused. As expected of Warren Buffett's Buckway.
This is not a phenomenon that has occurred in the last year or two, but a history that has been repeated for decades. But what is it like now? Many people say that Warren Buffett is old and behind the times of tech stocks. Berkshaw's market capitalization lagged behind TSMC and Broadcom, and it even received little attention from the market as it reduced its stake in Apple.
However, it is precisely at this point that we need to think about it once again. Is this company really finished? Or is it still undervalued? People who become rich are always a minority. And the reason is simple. This is because I thought differently from many people and acted at a different time than many people .
Currently, Burke is losing interest in the market. However, the structure remains intact, the portfolio is defensive, cash is overflowing, and the succession system is already established. Ultimately, I do not view the Berkshire Hathaways as over just because Wallace Buffett has retired. We always need to pay attention to Buffett's thoughts and strategies .
My book became a bestseller immediately upon publication. We are giving away a 2-week Fanding pass with one first edition, so please check the pinned comment for the sales link. My channel ranks first overall among 3,200 Naver channels and also ranks first in the finance category, and I upload more than 20 posts per week.
That is why so many people are watching, and we are sharing various information accurately and quickly. You can see Telegram and all of this for 3,900 won a month, so if you are curious, please refer to the pinned comment . Have a great day today . thank you Please note that this is my personal opinion and not the absolute best video . no see.
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