Today, silly brother continues to study Buffett's recent operations. Why study it? Because the cryptocurrency industry can now be seen as a long tail related market in the United States. Studying the cryptocurrency industry alone is not enough to understand the overall trend, and one must go to the source market of the trend, the US stock market, to find the answer. And Buffett, the mentor in the American market, is a compass that silly people cannot avoid. Let's take a look at Lao Ba's recent speeches these days. Holding 350 billion yuan in cash: Berkshire currently holds more than $350 billion in cash and short-term treasury bond bonds (T-bills). What is this ratio? Approximately 35% of Berkshire Hathaway's total assets But Berkshire still has a bunch of unlisted cash cows such as railways and energy. If we do not consider unlisted companies, only consider listed companies that can be traded at any time. What is the cash ratio? About 55%. What does this mean? For the first time in the history of Lao Ba, cash and its equivalents have exceeded stock holdings. In the week of the interview, they bought another 17 billion dollars of treasury bond. Buffett candidly stated: Hoarding such a huge amount of cash and its equivalents is not for a 5% profit At this moment, it is the most extreme operation in Buffett's history Even the most favored and touted company, Apple, is reducing its holdings It goes without saying how he views the market Is he really old? Why is there such a big difference between Lao Ba's operation and Sha Ge's side of Soha, Gan, and Chong AI? It's time to eat, we'll talk about it tomorrow.