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05-04

Berkshire 10 take away

Berkshire Annual Meeting Recap: Buffett Says Investing Environment Not Ideal, Sees ‘Gambling’ in Markets

10:41

When is Futu result releasing?

Baidu Q2 FY26 Net Income Drops 68% Year over Year to RMB 2.3 Billion; Revenue Falls 4% to RMB 31.3 Billion

05-04

Berkshire Hathaway meeting 10 take sways

Berkshire Hathaway Operating Profit Rises, Cash Sets Record

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Revenue Falls 4% to RMB 31.3 Billion","url":"https://stock-news.laohu8.com/highlight/detail?id=2660463119","media":"Reuters","summary":"Baidu Q2 FY26 net income drops 68% year over year to RMB 2.3 billion; revenue falls 4% to RMB 31.3 billionBaidu Q2 revenue fell 4% year over year to RMB 31.3 billion; net income attributable to shareh","content":"<html><head></head><body><p style=\"text-align: left;\"><a href=\"https://laohu8.com/S/BIDU\">Baidu</a> Q2 revenue fell 4% year over year to RMB 31.3 billion; net income attributable to shareholders dropped to RMB 2.3 billion.</p><p style=\"text-align: left;\">Diluted earnings per ADS declined to RMB 5.74; operating income eased to RMB 3 billion, leaving a 10% operating margin.</p><p style=\"text-align: left;\">AI Cloud Infra revenue climbed 50% to RMB 7.3 billion, while GPU Cloud revenue rose year over year by 283%.</p><p style=\"text-align: left;\">Baidu Core AI-powered Business revenue increased 25% to RMB 12.5 billion, accounting for 50% of Baidu General Business revenue.</p><p style=\"text-align: left;\">Apollo Go expanded globally with open-road testing in London, fully driverless commercial operations in Dubai, and fully driverless testing permits in Hong Kong.</p><p style=\"text-align: left;\">Baidu plunges in pre‑market trading, down over 4% as of press time.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/f45bba2654228e09fa40734d7080d6c0\" data-align=\"center\" tg-width=\"1269\" tg-height=\"639\"/><span></span></p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Baidu Q2 FY26 Net Income Drops 68% Year over Year to RMB 2.3 Billion; Revenue Falls 4% to RMB 31.3 Billion</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; 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color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBaidu Q2 FY26 Net Income Drops 68% Year over Year to RMB 2.3 Billion; Revenue Falls 4% to RMB 31.3 Billion\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1032215980\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2026-08-18 17:01</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p style=\"text-align: left;\"><a href=\"https://laohu8.com/S/BIDU\">Baidu</a> Q2 revenue fell 4% year over year to RMB 31.3 billion; net income attributable to shareholders dropped to RMB 2.3 billion.</p><p style=\"text-align: left;\">Diluted earnings per ADS declined to RMB 5.74; operating income eased to RMB 3 billion, leaving a 10% operating margin.</p><p style=\"text-align: left;\">AI Cloud Infra revenue climbed 50% to RMB 7.3 billion, while GPU Cloud revenue rose year over year by 283%.</p><p style=\"text-align: left;\">Baidu Core AI-powered Business revenue increased 25% to RMB 12.5 billion, accounting for 50% of Baidu General Business revenue.</p><p style=\"text-align: left;\">Apollo Go expanded globally with open-road testing in London, fully driverless commercial operations in Dubai, and fully driverless testing permits in Hong Kong.</p><p style=\"text-align: left;\">Baidu plunges in pre‑market trading, down over 4% as of press time.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/f45bba2654228e09fa40734d7080d6c0\" data-align=\"center\" tg-width=\"1269\" tg-height=\"639\"/><span></span></p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BIDG":"2倍做多BIDU ETF-Leverage Shares","KBDU":"2倍做多BIDU ETF-KraneShares","DRGN":"Themes China Generative Artificial Intelligence ETF","BIDU":"百度","09888":"百度集团-SW"},"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20260818:nNDL44N7ML:1","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2660463119","content_text":"Baidu Q2 revenue fell 4% year over year to RMB 31.3 billion; 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It did not buy back stock in the first two weeks of April.</p><p>Berkshire&#39;s cash stake ended March at a record $397.4 billion.</p><p>That reflected the company&#39;s years-long inability to find a major acquisition, as well as sales of some of ‌its ⁠largest stock holdings led by Apple.</p><p>It also sold $8.1 billion more stocks than it bought in the first quarter, the 14th straight quarter it was a net seller of stocks.</p><p>Berkshire did pay $9.5 billion in January for Occidental Petroleum&#39;s chemicals business.</p><p>The quarter was ⁠the first under the helm of Greg Abel, who succeeded Warren Buffett in January as Berkshire&#39;s chief executive. Buffett remains chairman.</p><p>The results were released prior to Berkshire&#39;s annual ⁠shareholder meeting, which draws tens of thousands of people to Omaha.</p><p>Berkshire shares have significantly lagged the broader market since Buffett unexpectedly announced at last year&#39;s ⁠meeting that he was handing the reins to Abel.</p><p>In 2026, Berkshire Class A shares have fallen 6%, while the Standard &amp; Poor&#39;s 500 is up 6%.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Berkshire Hathaway Operating Profit Rises, Cash Sets Record</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBerkshire Hathaway Operating Profit Rises, Cash Sets Record\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1032215980\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2026-05-02 20:55</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>Berkshire Hathaway on Saturday reported a higher first-quarter operating profit, aided by gains in insurance and its other major ‌operating segments.</p><p>Profit from the Omaha, Nebraska-based conglomerate&#39;s dozens of businesses rose 18% to $11.35 billion, or about $7,891 per Class A share, from $9.64 billion a year earlier.</p><p>Net income, including from common stock investments, more than doubled to $10.1 billion, or $7,027 per Class A share, from $4.6 billion.</p><p>Berkshire downplays the significance of ⁠net income, which because of accounting rules includes unrealized gains and losses on stocks it has no plans to sell.</p><p>Berkshire said it repurchased $234 million of its own stock in the quarter, its first buybacks since May 2024. It did not buy back stock in the first two weeks of April.</p><p>Berkshire&#39;s cash stake ended March at a record $397.4 billion.</p><p>That reflected the company&#39;s years-long inability to find a major acquisition, as well as sales of some of ‌its ⁠largest stock holdings led by Apple.</p><p>It also sold $8.1 billion more stocks than it bought in the first quarter, the 14th straight quarter it was a net seller of stocks.</p><p>Berkshire did pay $9.5 billion in January for Occidental Petroleum&#39;s chemicals business.</p><p>The quarter was ⁠the first under the helm of Greg Abel, who succeeded Warren Buffett in January as Berkshire&#39;s chief executive. Buffett remains chairman.</p><p>The results were released prior to Berkshire&#39;s annual ⁠shareholder meeting, which draws tens of thousands of people to Omaha.</p><p>Berkshire shares have significantly lagged the broader market since Buffett unexpectedly announced at last year&#39;s ⁠meeting that he was handing the reins to Abel.</p><p>In 2026, Berkshire Class A shares have fallen 6%, while the Standard &amp; Poor&#39;s 500 is up 6%.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BRK.B":"伯克希尔B","BRKD":"Direxion Daily BRKB Bear 1X Shares","BRKW":"Roundhill BRKB WeeklyPay™ ETF","BRK.A":"伯克希尔","BRKC":"YieldMax BRK.B Option Income ETF","BRKU":"2倍做多BRKB ETF-Direxion"},"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20260502:nFWN41F004:1","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2632673625","content_text":"Berkshire Hathaway on Saturday reported a higher first-quarter operating profit, aided by gains in insurance and its other major ‌operating segments.Profit from the Omaha, Nebraska-based conglomerate's dozens of businesses rose 18% to $11.35 billion, or about $7,891 per Class A share, from $9.64 billion a year earlier.Net income, including from common stock investments, more than doubled to $10.1 billion, or $7,027 per Class A share, from $4.6 billion.Berkshire downplays the significance of ⁠net income, which because of accounting rules includes unrealized gains and losses on stocks it has no plans to sell.Berkshire said it repurchased $234 million of its own stock in the quarter, its first buybacks since May 2024. It did not buy back stock in the first two weeks of April.Berkshire's cash stake ended March at a record $397.4 billion.That reflected the company's years-long inability to find a major acquisition, as well as sales of some of ‌its ⁠largest stock holdings led by Apple.It also sold $8.1 billion more stocks than it bought in the first quarter, the 14th straight quarter it was a net seller of stocks.Berkshire did pay $9.5 billion in January for Occidental Petroleum's chemicals business.The quarter was ⁠the first under the helm of Greg Abel, who succeeded Warren Buffett in January as Berkshire's chief executive. Buffett remains chairman.The results were released prior to Berkshire's annual ⁠shareholder meeting, which draws tens of thousands of people to Omaha.Berkshire shares have significantly lagged the broader market since Buffett unexpectedly announced at last year's ⁠meeting that he was handing the reins to Abel.In 2026, Berkshire Class A shares have fallen 6%, while the Standard & Poor's 500 is up 6%.","news_type":1,"symbols_score_info":{"BRKD":0.6,"BRKC":0.6,"BRK.A":2,"BRK.B":2,"BRKW":0.6,"BRKU":0.6}},"isVote":1,"tweetType":1,"viewCount":1117,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":560340899734624,"gmtCreate":1777833693084,"gmtModify":1777852005159,"author":{"id":"4219469807430532","authorId":"4219469807430532","name":"Mr. Tiger","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4219469807430532","idStr":"4219469807430532"},"themes":[],"title":"","htmlText":"Berkshire 10 take away","listText":"Berkshire 10 take away","text":"Berkshire 10 take away","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/560340899734624","repostId":"1161232061","repostType":2,"repost":{"id":"1161232061","kind":"news","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1777771092,"share":"https://ttm.financial/m/news/1161232061?lang=en_US&edition=fundamental","pubTime":"2026-05-03 09:18","market":"us","language":"en","title":"Berkshire Annual Meeting Recap: Buffett Says Investing Environment Not Ideal, Sees ‘Gambling’ in Markets","url":"https://stock-news.laohu8.com/highlight/detail?id=1161232061","media":"Tiger Newspress","summary":"In his first annual meeting as CEO, Berkshire Hathaway’s Greg Abel discussed a wide array of topics from artificial intelligence to his efforts to grow the conglomerate.Abel said the Omaha-based firm...","content":"<html><head></head><body><p>In his first annual meeting as CEO, Berkshire Hathaway’s Greg Abel discussed a wide array of topics from artificial intelligence to his efforts to grow the conglomerate.</p><p style=\"text-align: start;\">Abel said the Omaha-based firm was thinking criticially about how to use AI to add value, saying that Berkshire wasn’t “going to do AI for the sake of AI.” Abel also walked through efforts to improve its railway and insurance businesses at the event, which has long been called “Woodstock for Capitalists.”</p><p style=\"text-align: start;\">Abel was joined on stage by members of his leadership team, but chairman Warren Buffett made remarks from the audience. Abel celebrated his predecessor by hanging a jersey from the rafters of the CHI Health Center, where the event is held each year. A deepfake version of Buffett also asked a question, prompting a discussion on the cybersecurity risks tied to AI.</p><p style=\"text-align: start;\">In a special sideline interview, Buffett told CNBC’s Becky Quick that he did not see the ideal investing environment. Ahead of the meeting, Berkshire’s latest financial report showed a record cash pile nearing $400 billion.</p><h2 id=\"id_4013133759\" style=\"text-align: start;\">Opening video pays tribute to Buffett</h2><p>Berkshire’s annual meeting kicked off with an homage to Buffett.</p><p style=\"text-align: start;\">A video montage highlighted pictures and videos of the Oracle of Omaha over the years. The video, which was set to the Huey Lewis &amp; The News song “Back in Time,” also featured clips from past meetings.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/0d7c0cbce98bc71bf673d7d1f9f4b43a\" tg-width=\"746\" tg-height=\"424\"/></p><h2 id=\"id_2944970824\" style=\"text-align: start;\">Buffett’s message to shareholders and partners: Follow the ‘Golden Rule’</h2><p>Buffett said that the top rule shareholders and partners should follow is treating others as they wish to be treated — otherwise known as the Golden Rule.</p><p style=\"text-align: start;\">While the former CEO said he’s “not a religious guy,” he stressed that there has never been a better message spoken “in a couple thousand years than that.”</p><p style=\"text-align: start;\">“If the whole world lived by the Golden Rule, it would be such a more wonderful society,” Buffett told CNBC’s Becky Quick. “That’s true for everything from parenthood to being a boss.”</p><p style=\"text-align: start;\">“It doesn’t cost you anything. In fact, it’s reflected in better behavior toward you, so I mean it’s a very selfish sort of thing in one sense, but I’ve never seen anybody that’s unhappy that behaves that way,” he said.</p><h2 id=\"id_862631079\" style=\"text-align: start;\">Buffett: ‘We’ve never had people in a more gambling mood than now’</h2><p>During the lunch break, Buffett compared “markets to a church with a casino attached,” making a distinction between traditional value investing and current enthusiasm for short-term options trading along with increasing interest in prediction markets.</p><p style=\"text-align: start;\">“People can move between the church and the casino, and I would say there are more people in the church [than] people in the casino, but the casino has gotten very attractive,” he said. “If you’re buying one-day options or selling them, that’s not investing, it’s not speculating – it’s gambling.”</p><p style=\"text-align: start;\">Buffett said the enthusiasm for “gambling” is at a peak.</p><p style=\"text-align: start;\">“We’ve never had people in a more gambling mood than now,” he said.</p><p style=\"text-align: start;\">Buffett commented on the recent case of a U.S. soldier who allegedly used classified information related to a military operation in Venezuela to make $400,000 on a prediction market. The Department of Justice is currently prosecuting the case.</p><p style=\"text-align: start;\">“There’s nobody who can explain why they’re buying an option for one day unless they may have maybe [the chance to make] $400-and-some-thousand from knowing when we were going into Venezuela. … The quantity of those things is just incredible,” he said.</p><h2 id=\"id_274743550\" style=\"text-align: start;\">Buffett says Berkshire isn’t seeing ideal investing environment</h2><p>Buffett acknowledged displeasure with the investing backdrop as Berkshire’s cash hoard swells to records.</p><p style=\"text-align: start;\">“It isn’t our ideal surrounding area — or environment, I should say — in terms of deploying cash for Berkshire,” the former CEO told CNBC’s Becky Quick.</p><p style=\"text-align: start;\">Buffett said the conglomerate has the “right management” and can “pick our spots.” While it appears like Berkshire can appear to be doing “nothing” at some points, it’s “quite active” at other times, he said.</p><p style=\"text-align: start;\">Part of the hesitancy about investing capital was due to high prices in the market, he said.</p><p style=\"text-align: start;\">When asked when it will be a good time to invest, Buffett said it will come when “nobody else will answer their phones,” a hint to a pullback in market prices.</p><p style=\"text-align: start;\">Buffett’s comments came during a special sideline interview with CNBC. The Oracle of Omaha sat in the audience during the official meeting.</p><h2 id=\"id_963677671\" style=\"text-align: start;\">Ajit Jain on insuring ships through Hormuz: ‘Depends on the price’</h2><p>Asked about how and when he could offer insurance to ships crossing the embattled Strait of Hormuz, Berkshire’s vice chairman of insurance operations Ajit Jain gave a pithy response.</p><p style=\"text-align: start;\">“The short answer is – depends on the price,” he said, getting laughter and applause from the audience.</p><p style=\"text-align: start;\">Berkshire is participating in a “program” to insure ships moving through Hormuz, which has been closed or severely restricted during much of the U.S.-Israel war with Iran, but hasn’t written any deals for it yet, Jain said.</p><p style=\"text-align: start;\">“We ourselves have taken a small participation in a program that’s [been] put in place so as to write insurance for the ships in the Strait of Hormuz. We haven’t written any deals as yet,” he said.</p><p style=\"text-align: start;\">U.S. Navy escorts for transiting ships will be a condition of the underwriting process for the program, Jain said.</p><p style=\"text-align: start;\">“It’s still being fine tuned,” he said. “But if we can get our terms – in terms of the underwriting decisions and the fact that the U.S. Navy will escort these ships – we have put a price on which we will be comfortable underwriting that risk. But nothing’s happened as yet.”</p><h2 id=\"id_2200652219\" style=\"text-align: start;\">‘We’re not going to do AI for the sake of AI,’ Abel says</h2><p>Abel said Berkshire has taken a reserved stance on using and managing artificial intelligence, a stark contrast from other chief executives racing to reorient or rebrand their businesses around the technology.</p><p style=\"text-align: start;\">“It has to be additive to our businesses,” Abel said. “We’re not going to do AI for the sake of AI.”</p><p style=\"text-align: start;\">Abel said Berkshire will deploy AI in a form that is narrow in scope and focused on creating value propositions. He said there’s risks for “humanity” tied to the technology that the conglomerate is keeping in mind.</p><p style=\"text-align: start;\">Companies including Snap and Atlassian cited AI when announcing job cuts this year. Allbirds last month announced a pivot to the technology from sustainable shoe production last month, prompting a surge in its stock.</p><h2 id=\"id_1407935103\" style=\"text-align: start;\">Berkshire’s operating earnings jump as cash hoard hits record near $400 billion</h2><p>Berkshire Hathaway posted a solid jump in first-quarter operating earnings, driven largely by a rebound in its insurance business, while amassing a record amount of cash for new CEO Greg Abel’s coffers.</p><p style=\"text-align: start;\">Operating profit from its wholly owned units — including insurance and railroads — rose 18% from a year earlier, according to the company’s first earnings report since Abel succeeded Warren Buffett as CEO at the start of 2026. Insurance underwriting led the gains, climbing 28.5% to about $1.7 billion.</p><p style=\"text-align: start;\">Berkshire’s cash pile swelled to a record $397.4 billion, topping its prior high of $381.6 billion set in the third quarter of last year. That buildup came as the conglomerate was a seller of stocks, with roughly $24.1 billion in equity sales during the quarter. It purchased about $16 billion.</p><p style=\"text-align: start;\">Shares of Berkshire have fallen about 6% year to date, lagging the S&amp;P 500′s 5.6% gain. Berkshire has trailed the index by more than 30 percentage points since Buffett signaled plans to step down last May.</p><p style=\"text-align: start;\">The underperformance came even after Berkshire resumed buybacks in March for the first time since 2024. Berkshire repurchased $235 million of stock in the first quarter, according to the earnings report. The company had already disclosed that it purchased $226 million in stock on March 4, so this means it only did a slight amount more of buying as the quarter came to a close.</p><p style=\"text-align: start;\">Some of the stock-selling activity may reflect a broader reshuffling of the portfolio following the departure of longtime investment manager Todd Combs, who left for JPMorgan Chase at the end of 2025, though the company hasn’t disclosed exactly which positions were affected.</p><p style=\"text-align: start;\">At the end of March, Berkshire’s top five holdings were American Express, Apple, Bank of America , The Coca-Cola Company and Chevron.</p><p style=\"text-align: start;\">Abel revealed he used his entire after-tax salary of $15 million to personally buy Berkshire shares, and plans to keep doing so every year for as long as he’s CEO.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Berkshire Annual Meeting Recap: Buffett Says Investing Environment Not Ideal, Sees ‘Gambling’ in Markets</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBerkshire Annual Meeting Recap: Buffett Says Investing Environment Not Ideal, Sees ‘Gambling’ in Markets\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2026-05-03 09:18</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>In his first annual meeting as CEO, Berkshire Hathaway’s Greg Abel discussed a wide array of topics from artificial intelligence to his efforts to grow the conglomerate.</p><p style=\"text-align: start;\">Abel said the Omaha-based firm was thinking criticially about how to use AI to add value, saying that Berkshire wasn’t “going to do AI for the sake of AI.” Abel also walked through efforts to improve its railway and insurance businesses at the event, which has long been called “Woodstock for Capitalists.”</p><p style=\"text-align: start;\">Abel was joined on stage by members of his leadership team, but chairman Warren Buffett made remarks from the audience. Abel celebrated his predecessor by hanging a jersey from the rafters of the CHI Health Center, where the event is held each year. A deepfake version of Buffett also asked a question, prompting a discussion on the cybersecurity risks tied to AI.</p><p style=\"text-align: start;\">In a special sideline interview, Buffett told CNBC’s Becky Quick that he did not see the ideal investing environment. Ahead of the meeting, Berkshire’s latest financial report showed a record cash pile nearing $400 billion.</p><h2 id=\"id_4013133759\" style=\"text-align: start;\">Opening video pays tribute to Buffett</h2><p>Berkshire’s annual meeting kicked off with an homage to Buffett.</p><p style=\"text-align: start;\">A video montage highlighted pictures and videos of the Oracle of Omaha over the years. The video, which was set to the Huey Lewis &amp; The News song “Back in Time,” also featured clips from past meetings.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/0d7c0cbce98bc71bf673d7d1f9f4b43a\" tg-width=\"746\" tg-height=\"424\"/></p><h2 id=\"id_2944970824\" style=\"text-align: start;\">Buffett’s message to shareholders and partners: Follow the ‘Golden Rule’</h2><p>Buffett said that the top rule shareholders and partners should follow is treating others as they wish to be treated — otherwise known as the Golden Rule.</p><p style=\"text-align: start;\">While the former CEO said he’s “not a religious guy,” he stressed that there has never been a better message spoken “in a couple thousand years than that.”</p><p style=\"text-align: start;\">“If the whole world lived by the Golden Rule, it would be such a more wonderful society,” Buffett told CNBC’s Becky Quick. “That’s true for everything from parenthood to being a boss.”</p><p style=\"text-align: start;\">“It doesn’t cost you anything. In fact, it’s reflected in better behavior toward you, so I mean it’s a very selfish sort of thing in one sense, but I’ve never seen anybody that’s unhappy that behaves that way,” he said.</p><h2 id=\"id_862631079\" style=\"text-align: start;\">Buffett: ‘We’ve never had people in a more gambling mood than now’</h2><p>During the lunch break, Buffett compared “markets to a church with a casino attached,” making a distinction between traditional value investing and current enthusiasm for short-term options trading along with increasing interest in prediction markets.</p><p style=\"text-align: start;\">“People can move between the church and the casino, and I would say there are more people in the church [than] people in the casino, but the casino has gotten very attractive,” he said. “If you’re buying one-day options or selling them, that’s not investing, it’s not speculating – it’s gambling.”</p><p style=\"text-align: start;\">Buffett said the enthusiasm for “gambling” is at a peak.</p><p style=\"text-align: start;\">“We’ve never had people in a more gambling mood than now,” he said.</p><p style=\"text-align: start;\">Buffett commented on the recent case of a U.S. soldier who allegedly used classified information related to a military operation in Venezuela to make $400,000 on a prediction market. The Department of Justice is currently prosecuting the case.</p><p style=\"text-align: start;\">“There’s nobody who can explain why they’re buying an option for one day unless they may have maybe [the chance to make] $400-and-some-thousand from knowing when we were going into Venezuela. … The quantity of those things is just incredible,” he said.</p><h2 id=\"id_274743550\" style=\"text-align: start;\">Buffett says Berkshire isn’t seeing ideal investing environment</h2><p>Buffett acknowledged displeasure with the investing backdrop as Berkshire’s cash hoard swells to records.</p><p style=\"text-align: start;\">“It isn’t our ideal surrounding area — or environment, I should say — in terms of deploying cash for Berkshire,” the former CEO told CNBC’s Becky Quick.</p><p style=\"text-align: start;\">Buffett said the conglomerate has the “right management” and can “pick our spots.” While it appears like Berkshire can appear to be doing “nothing” at some points, it’s “quite active” at other times, he said.</p><p style=\"text-align: start;\">Part of the hesitancy about investing capital was due to high prices in the market, he said.</p><p style=\"text-align: start;\">When asked when it will be a good time to invest, Buffett said it will come when “nobody else will answer their phones,” a hint to a pullback in market prices.</p><p style=\"text-align: start;\">Buffett’s comments came during a special sideline interview with CNBC. The Oracle of Omaha sat in the audience during the official meeting.</p><h2 id=\"id_963677671\" style=\"text-align: start;\">Ajit Jain on insuring ships through Hormuz: ‘Depends on the price’</h2><p>Asked about how and when he could offer insurance to ships crossing the embattled Strait of Hormuz, Berkshire’s vice chairman of insurance operations Ajit Jain gave a pithy response.</p><p style=\"text-align: start;\">“The short answer is – depends on the price,” he said, getting laughter and applause from the audience.</p><p style=\"text-align: start;\">Berkshire is participating in a “program” to insure ships moving through Hormuz, which has been closed or severely restricted during much of the U.S.-Israel war with Iran, but hasn’t written any deals for it yet, Jain said.</p><p style=\"text-align: start;\">“We ourselves have taken a small participation in a program that’s [been] put in place so as to write insurance for the ships in the Strait of Hormuz. We haven’t written any deals as yet,” he said.</p><p style=\"text-align: start;\">U.S. Navy escorts for transiting ships will be a condition of the underwriting process for the program, Jain said.</p><p style=\"text-align: start;\">“It’s still being fine tuned,” he said. “But if we can get our terms – in terms of the underwriting decisions and the fact that the U.S. Navy will escort these ships – we have put a price on which we will be comfortable underwriting that risk. But nothing’s happened as yet.”</p><h2 id=\"id_2200652219\" style=\"text-align: start;\">‘We’re not going to do AI for the sake of AI,’ Abel says</h2><p>Abel said Berkshire has taken a reserved stance on using and managing artificial intelligence, a stark contrast from other chief executives racing to reorient or rebrand their businesses around the technology.</p><p style=\"text-align: start;\">“It has to be additive to our businesses,” Abel said. “We’re not going to do AI for the sake of AI.”</p><p style=\"text-align: start;\">Abel said Berkshire will deploy AI in a form that is narrow in scope and focused on creating value propositions. He said there’s risks for “humanity” tied to the technology that the conglomerate is keeping in mind.</p><p style=\"text-align: start;\">Companies including Snap and Atlassian cited AI when announcing job cuts this year. Allbirds last month announced a pivot to the technology from sustainable shoe production last month, prompting a surge in its stock.</p><h2 id=\"id_1407935103\" style=\"text-align: start;\">Berkshire’s operating earnings jump as cash hoard hits record near $400 billion</h2><p>Berkshire Hathaway posted a solid jump in first-quarter operating earnings, driven largely by a rebound in its insurance business, while amassing a record amount of cash for new CEO Greg Abel’s coffers.</p><p style=\"text-align: start;\">Operating profit from its wholly owned units — including insurance and railroads — rose 18% from a year earlier, according to the company’s first earnings report since Abel succeeded Warren Buffett as CEO at the start of 2026. Insurance underwriting led the gains, climbing 28.5% to about $1.7 billion.</p><p style=\"text-align: start;\">Berkshire’s cash pile swelled to a record $397.4 billion, topping its prior high of $381.6 billion set in the third quarter of last year. That buildup came as the conglomerate was a seller of stocks, with roughly $24.1 billion in equity sales during the quarter. It purchased about $16 billion.</p><p style=\"text-align: start;\">Shares of Berkshire have fallen about 6% year to date, lagging the S&amp;P 500′s 5.6% gain. Berkshire has trailed the index by more than 30 percentage points since Buffett signaled plans to step down last May.</p><p style=\"text-align: start;\">The underperformance came even after Berkshire resumed buybacks in March for the first time since 2024. Berkshire repurchased $235 million of stock in the first quarter, according to the earnings report. The company had already disclosed that it purchased $226 million in stock on March 4, so this means it only did a slight amount more of buying as the quarter came to a close.</p><p style=\"text-align: start;\">Some of the stock-selling activity may reflect a broader reshuffling of the portfolio following the departure of longtime investment manager Todd Combs, who left for JPMorgan Chase at the end of 2025, though the company hasn’t disclosed exactly which positions were affected.</p><p style=\"text-align: start;\">At the end of March, Berkshire’s top five holdings were American Express, Apple, Bank of America , The Coca-Cola Company and Chevron.</p><p style=\"text-align: start;\">Abel revealed he used his entire after-tax salary of $15 million to personally buy Berkshire shares, and plans to keep doing so every year for as long as he’s CEO.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BRK.B":"伯克希尔B","BRKC":"YieldMax BRK.B Option Income ETF","BRKU":"2倍做多BRKB ETF-Direxion","BRKD":"Direxion Daily BRKB Bear 1X Shares","BRKW":"Roundhill BRKB WeeklyPay™ ETF","BRK.A":"伯克希尔"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1161232061","content_text":"In his first annual meeting as CEO, Berkshire Hathaway’s Greg Abel discussed a wide array of topics from artificial intelligence to his efforts to grow the conglomerate.Abel said the Omaha-based firm was thinking criticially about how to use AI to add value, saying that Berkshire wasn’t “going to do AI for the sake of AI.” Abel also walked through efforts to improve its railway and insurance businesses at the event, which has long been called “Woodstock for Capitalists.”Abel was joined on stage by members of his leadership team, but chairman Warren Buffett made remarks from the audience. Abel celebrated his predecessor by hanging a jersey from the rafters of the CHI Health Center, where the event is held each year. A deepfake version of Buffett also asked a question, prompting a discussion on the cybersecurity risks tied to AI.In a special sideline interview, Buffett told CNBC’s Becky Quick that he did not see the ideal investing environment. Ahead of the meeting, Berkshire’s latest financial report showed a record cash pile nearing $400 billion.Opening video pays tribute to BuffettBerkshire’s annual meeting kicked off with an homage to Buffett.A video montage highlighted pictures and videos of the Oracle of Omaha over the years. The video, which was set to the Huey Lewis & The News song “Back in Time,” also featured clips from past meetings.Buffett’s message to shareholders and partners: Follow the ‘Golden Rule’Buffett said that the top rule shareholders and partners should follow is treating others as they wish to be treated — otherwise known as the Golden Rule.While the former CEO said he’s “not a religious guy,” he stressed that there has never been a better message spoken “in a couple thousand years than that.”“If the whole world lived by the Golden Rule, it would be such a more wonderful society,” Buffett told CNBC’s Becky Quick. “That’s true for everything from parenthood to being a boss.”“It doesn’t cost you anything. In fact, it’s reflected in better behavior toward you, so I mean it’s a very selfish sort of thing in one sense, but I’ve never seen anybody that’s unhappy that behaves that way,” he said.Buffett: ‘We’ve never had people in a more gambling mood than now’During the lunch break, Buffett compared “markets to a church with a casino attached,” making a distinction between traditional value investing and current enthusiasm for short-term options trading along with increasing interest in prediction markets.“People can move between the church and the casino, and I would say there are more people in the church [than] people in the casino, but the casino has gotten very attractive,” he said. “If you’re buying one-day options or selling them, that’s not investing, it’s not speculating – it’s gambling.”Buffett said the enthusiasm for “gambling” is at a peak.“We’ve never had people in a more gambling mood than now,” he said.Buffett commented on the recent case of a U.S. soldier who allegedly used classified information related to a military operation in Venezuela to make $400,000 on a prediction market. The Department of Justice is currently prosecuting the case.“There’s nobody who can explain why they’re buying an option for one day unless they may have maybe [the chance to make] $400-and-some-thousand from knowing when we were going into Venezuela. … The quantity of those things is just incredible,” he said.Buffett says Berkshire isn’t seeing ideal investing environmentBuffett acknowledged displeasure with the investing backdrop as Berkshire’s cash hoard swells to records.“It isn’t our ideal surrounding area — or environment, I should say — in terms of deploying cash for Berkshire,” the former CEO told CNBC’s Becky Quick.Buffett said the conglomerate has the “right management” and can “pick our spots.” While it appears like Berkshire can appear to be doing “nothing” at some points, it’s “quite active” at other times, he said.Part of the hesitancy about investing capital was due to high prices in the market, he said.When asked when it will be a good time to invest, Buffett said it will come when “nobody else will answer their phones,” a hint to a pullback in market prices.Buffett’s comments came during a special sideline interview with CNBC. The Oracle of Omaha sat in the audience during the official meeting.Ajit Jain on insuring ships through Hormuz: ‘Depends on the price’Asked about how and when he could offer insurance to ships crossing the embattled Strait of Hormuz, Berkshire’s vice chairman of insurance operations Ajit Jain gave a pithy response.“The short answer is – depends on the price,” he said, getting laughter and applause from the audience.Berkshire is participating in a “program” to insure ships moving through Hormuz, which has been closed or severely restricted during much of the U.S.-Israel war with Iran, but hasn’t written any deals for it yet, Jain said.“We ourselves have taken a small participation in a program that’s [been] put in place so as to write insurance for the ships in the Strait of Hormuz. We haven’t written any deals as yet,” he said.U.S. Navy escorts for transiting ships will be a condition of the underwriting process for the program, Jain said.“It’s still being fine tuned,” he said. “But if we can get our terms – in terms of the underwriting decisions and the fact that the U.S. Navy will escort these ships – we have put a price on which we will be comfortable underwriting that risk. But nothing’s happened as yet.”‘We’re not going to do AI for the sake of AI,’ Abel saysAbel said Berkshire has taken a reserved stance on using and managing artificial intelligence, a stark contrast from other chief executives racing to reorient or rebrand their businesses around the technology.“It has to be additive to our businesses,” Abel said. “We’re not going to do AI for the sake of AI.”Abel said Berkshire will deploy AI in a form that is narrow in scope and focused on creating value propositions. He said there’s risks for “humanity” tied to the technology that the conglomerate is keeping in mind.Companies including Snap and Atlassian cited AI when announcing job cuts this year. Allbirds last month announced a pivot to the technology from sustainable shoe production last month, prompting a surge in its stock.Berkshire’s operating earnings jump as cash hoard hits record near $400 billionBerkshire Hathaway posted a solid jump in first-quarter operating earnings, driven largely by a rebound in its insurance business, while amassing a record amount of cash for new CEO Greg Abel’s coffers.Operating profit from its wholly owned units — including insurance and railroads — rose 18% from a year earlier, according to the company’s first earnings report since Abel succeeded Warren Buffett as CEO at the start of 2026. Insurance underwriting led the gains, climbing 28.5% to about $1.7 billion.Berkshire’s cash pile swelled to a record $397.4 billion, topping its prior high of $381.6 billion set in the third quarter of last year. That buildup came as the conglomerate was a seller of stocks, with roughly $24.1 billion in equity sales during the quarter. It purchased about $16 billion.Shares of Berkshire have fallen about 6% year to date, lagging the S&P 500′s 5.6% gain. Berkshire has trailed the index by more than 30 percentage points since Buffett signaled plans to step down last May.The underperformance came even after Berkshire resumed buybacks in March for the first time since 2024. Berkshire repurchased $235 million of stock in the first quarter, according to the earnings report. The company had already disclosed that it purchased $226 million in stock on March 4, so this means it only did a slight amount more of buying as the quarter came to a close.Some of the stock-selling activity may reflect a broader reshuffling of the portfolio following the departure of longtime investment manager Todd Combs, who left for JPMorgan Chase at the end of 2025, though the company hasn’t disclosed exactly which positions were affected.At the end of March, Berkshire’s top five holdings were American Express, Apple, Bank of America , The Coca-Cola Company and Chevron.Abel revealed he used his entire after-tax salary of $15 million to personally buy Berkshire shares, and plans to keep doing so every year for as long as he’s CEO.","news_type":1,"symbols_score_info":{"BRKD":0.6,"BRK.B":2,"BRKU":0.6,"BRKC":0.6,"BRKW":0.6,"BRK.A":2}},"isVote":1,"tweetType":1,"viewCount":1351,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":560340899734624,"gmtCreate":1777833693084,"gmtModify":1777852005159,"author":{"id":"4219469807430532","authorId":"4219469807430532","name":"Mr. Tiger","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4219469807430532","idStr":"4219469807430532"},"themes":[],"title":"","htmlText":"Berkshire 10 take away","listText":"Berkshire 10 take away","text":"Berkshire 10 take away","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/560340899734624","repostId":"1161232061","repostType":2,"repost":{"id":"1161232061","kind":"news","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1777771092,"share":"https://ttm.financial/m/news/1161232061?lang=en_US&edition=fundamental","pubTime":"2026-05-03 09:18","market":"us","language":"en","title":"Berkshire Annual Meeting Recap: Buffett Says Investing Environment Not Ideal, Sees ‘Gambling’ in Markets","url":"https://stock-news.laohu8.com/highlight/detail?id=1161232061","media":"Tiger Newspress","summary":"In his first annual meeting as CEO, Berkshire Hathaway’s Greg Abel discussed a wide array of topics from artificial intelligence to his efforts to grow the conglomerate.Abel said the Omaha-based firm...","content":"<html><head></head><body><p>In his first annual meeting as CEO, Berkshire Hathaway’s Greg Abel discussed a wide array of topics from artificial intelligence to his efforts to grow the conglomerate.</p><p style=\"text-align: start;\">Abel said the Omaha-based firm was thinking criticially about how to use AI to add value, saying that Berkshire wasn’t “going to do AI for the sake of AI.” Abel also walked through efforts to improve its railway and insurance businesses at the event, which has long been called “Woodstock for Capitalists.”</p><p style=\"text-align: start;\">Abel was joined on stage by members of his leadership team, but chairman Warren Buffett made remarks from the audience. Abel celebrated his predecessor by hanging a jersey from the rafters of the CHI Health Center, where the event is held each year. A deepfake version of Buffett also asked a question, prompting a discussion on the cybersecurity risks tied to AI.</p><p style=\"text-align: start;\">In a special sideline interview, Buffett told CNBC’s Becky Quick that he did not see the ideal investing environment. Ahead of the meeting, Berkshire’s latest financial report showed a record cash pile nearing $400 billion.</p><h2 id=\"id_4013133759\" style=\"text-align: start;\">Opening video pays tribute to Buffett</h2><p>Berkshire’s annual meeting kicked off with an homage to Buffett.</p><p style=\"text-align: start;\">A video montage highlighted pictures and videos of the Oracle of Omaha over the years. The video, which was set to the Huey Lewis &amp; The News song “Back in Time,” also featured clips from past meetings.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/0d7c0cbce98bc71bf673d7d1f9f4b43a\" tg-width=\"746\" tg-height=\"424\"/></p><h2 id=\"id_2944970824\" style=\"text-align: start;\">Buffett’s message to shareholders and partners: Follow the ‘Golden Rule’</h2><p>Buffett said that the top rule shareholders and partners should follow is treating others as they wish to be treated — otherwise known as the Golden Rule.</p><p style=\"text-align: start;\">While the former CEO said he’s “not a religious guy,” he stressed that there has never been a better message spoken “in a couple thousand years than that.”</p><p style=\"text-align: start;\">“If the whole world lived by the Golden Rule, it would be such a more wonderful society,” Buffett told CNBC’s Becky Quick. “That’s true for everything from parenthood to being a boss.”</p><p style=\"text-align: start;\">“It doesn’t cost you anything. In fact, it’s reflected in better behavior toward you, so I mean it’s a very selfish sort of thing in one sense, but I’ve never seen anybody that’s unhappy that behaves that way,” he said.</p><h2 id=\"id_862631079\" style=\"text-align: start;\">Buffett: ‘We’ve never had people in a more gambling mood than now’</h2><p>During the lunch break, Buffett compared “markets to a church with a casino attached,” making a distinction between traditional value investing and current enthusiasm for short-term options trading along with increasing interest in prediction markets.</p><p style=\"text-align: start;\">“People can move between the church and the casino, and I would say there are more people in the church [than] people in the casino, but the casino has gotten very attractive,” he said. “If you’re buying one-day options or selling them, that’s not investing, it’s not speculating – it’s gambling.”</p><p style=\"text-align: start;\">Buffett said the enthusiasm for “gambling” is at a peak.</p><p style=\"text-align: start;\">“We’ve never had people in a more gambling mood than now,” he said.</p><p style=\"text-align: start;\">Buffett commented on the recent case of a U.S. soldier who allegedly used classified information related to a military operation in Venezuela to make $400,000 on a prediction market. The Department of Justice is currently prosecuting the case.</p><p style=\"text-align: start;\">“There’s nobody who can explain why they’re buying an option for one day unless they may have maybe [the chance to make] $400-and-some-thousand from knowing when we were going into Venezuela. … The quantity of those things is just incredible,” he said.</p><h2 id=\"id_274743550\" style=\"text-align: start;\">Buffett says Berkshire isn’t seeing ideal investing environment</h2><p>Buffett acknowledged displeasure with the investing backdrop as Berkshire’s cash hoard swells to records.</p><p style=\"text-align: start;\">“It isn’t our ideal surrounding area — or environment, I should say — in terms of deploying cash for Berkshire,” the former CEO told CNBC’s Becky Quick.</p><p style=\"text-align: start;\">Buffett said the conglomerate has the “right management” and can “pick our spots.” While it appears like Berkshire can appear to be doing “nothing” at some points, it’s “quite active” at other times, he said.</p><p style=\"text-align: start;\">Part of the hesitancy about investing capital was due to high prices in the market, he said.</p><p style=\"text-align: start;\">When asked when it will be a good time to invest, Buffett said it will come when “nobody else will answer their phones,” a hint to a pullback in market prices.</p><p style=\"text-align: start;\">Buffett’s comments came during a special sideline interview with CNBC. The Oracle of Omaha sat in the audience during the official meeting.</p><h2 id=\"id_963677671\" style=\"text-align: start;\">Ajit Jain on insuring ships through Hormuz: ‘Depends on the price’</h2><p>Asked about how and when he could offer insurance to ships crossing the embattled Strait of Hormuz, Berkshire’s vice chairman of insurance operations Ajit Jain gave a pithy response.</p><p style=\"text-align: start;\">“The short answer is – depends on the price,” he said, getting laughter and applause from the audience.</p><p style=\"text-align: start;\">Berkshire is participating in a “program” to insure ships moving through Hormuz, which has been closed or severely restricted during much of the U.S.-Israel war with Iran, but hasn’t written any deals for it yet, Jain said.</p><p style=\"text-align: start;\">“We ourselves have taken a small participation in a program that’s [been] put in place so as to write insurance for the ships in the Strait of Hormuz. We haven’t written any deals as yet,” he said.</p><p style=\"text-align: start;\">U.S. Navy escorts for transiting ships will be a condition of the underwriting process for the program, Jain said.</p><p style=\"text-align: start;\">“It’s still being fine tuned,” he said. “But if we can get our terms – in terms of the underwriting decisions and the fact that the U.S. Navy will escort these ships – we have put a price on which we will be comfortable underwriting that risk. But nothing’s happened as yet.”</p><h2 id=\"id_2200652219\" style=\"text-align: start;\">‘We’re not going to do AI for the sake of AI,’ Abel says</h2><p>Abel said Berkshire has taken a reserved stance on using and managing artificial intelligence, a stark contrast from other chief executives racing to reorient or rebrand their businesses around the technology.</p><p style=\"text-align: start;\">“It has to be additive to our businesses,” Abel said. “We’re not going to do AI for the sake of AI.”</p><p style=\"text-align: start;\">Abel said Berkshire will deploy AI in a form that is narrow in scope and focused on creating value propositions. He said there’s risks for “humanity” tied to the technology that the conglomerate is keeping in mind.</p><p style=\"text-align: start;\">Companies including Snap and Atlassian cited AI when announcing job cuts this year. Allbirds last month announced a pivot to the technology from sustainable shoe production last month, prompting a surge in its stock.</p><h2 id=\"id_1407935103\" style=\"text-align: start;\">Berkshire’s operating earnings jump as cash hoard hits record near $400 billion</h2><p>Berkshire Hathaway posted a solid jump in first-quarter operating earnings, driven largely by a rebound in its insurance business, while amassing a record amount of cash for new CEO Greg Abel’s coffers.</p><p style=\"text-align: start;\">Operating profit from its wholly owned units — including insurance and railroads — rose 18% from a year earlier, according to the company’s first earnings report since Abel succeeded Warren Buffett as CEO at the start of 2026. Insurance underwriting led the gains, climbing 28.5% to about $1.7 billion.</p><p style=\"text-align: start;\">Berkshire’s cash pile swelled to a record $397.4 billion, topping its prior high of $381.6 billion set in the third quarter of last year. That buildup came as the conglomerate was a seller of stocks, with roughly $24.1 billion in equity sales during the quarter. It purchased about $16 billion.</p><p style=\"text-align: start;\">Shares of Berkshire have fallen about 6% year to date, lagging the S&amp;P 500′s 5.6% gain. Berkshire has trailed the index by more than 30 percentage points since Buffett signaled plans to step down last May.</p><p style=\"text-align: start;\">The underperformance came even after Berkshire resumed buybacks in March for the first time since 2024. Berkshire repurchased $235 million of stock in the first quarter, according to the earnings report. The company had already disclosed that it purchased $226 million in stock on March 4, so this means it only did a slight amount more of buying as the quarter came to a close.</p><p style=\"text-align: start;\">Some of the stock-selling activity may reflect a broader reshuffling of the portfolio following the departure of longtime investment manager Todd Combs, who left for JPMorgan Chase at the end of 2025, though the company hasn’t disclosed exactly which positions were affected.</p><p style=\"text-align: start;\">At the end of March, Berkshire’s top five holdings were American Express, Apple, Bank of America , The Coca-Cola Company and Chevron.</p><p style=\"text-align: start;\">Abel revealed he used his entire after-tax salary of $15 million to personally buy Berkshire shares, and plans to keep doing so every year for as long as he’s CEO.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Berkshire Annual Meeting Recap: Buffett Says Investing Environment Not Ideal, Sees ‘Gambling’ in Markets</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBerkshire Annual Meeting Recap: Buffett Says Investing Environment Not Ideal, Sees ‘Gambling’ in Markets\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2026-05-03 09:18</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>In his first annual meeting as CEO, Berkshire Hathaway’s Greg Abel discussed a wide array of topics from artificial intelligence to his efforts to grow the conglomerate.</p><p style=\"text-align: start;\">Abel said the Omaha-based firm was thinking criticially about how to use AI to add value, saying that Berkshire wasn’t “going to do AI for the sake of AI.” Abel also walked through efforts to improve its railway and insurance businesses at the event, which has long been called “Woodstock for Capitalists.”</p><p style=\"text-align: start;\">Abel was joined on stage by members of his leadership team, but chairman Warren Buffett made remarks from the audience. Abel celebrated his predecessor by hanging a jersey from the rafters of the CHI Health Center, where the event is held each year. A deepfake version of Buffett also asked a question, prompting a discussion on the cybersecurity risks tied to AI.</p><p style=\"text-align: start;\">In a special sideline interview, Buffett told CNBC’s Becky Quick that he did not see the ideal investing environment. Ahead of the meeting, Berkshire’s latest financial report showed a record cash pile nearing $400 billion.</p><h2 id=\"id_4013133759\" style=\"text-align: start;\">Opening video pays tribute to Buffett</h2><p>Berkshire’s annual meeting kicked off with an homage to Buffett.</p><p style=\"text-align: start;\">A video montage highlighted pictures and videos of the Oracle of Omaha over the years. The video, which was set to the Huey Lewis &amp; The News song “Back in Time,” also featured clips from past meetings.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/0d7c0cbce98bc71bf673d7d1f9f4b43a\" tg-width=\"746\" tg-height=\"424\"/></p><h2 id=\"id_2944970824\" style=\"text-align: start;\">Buffett’s message to shareholders and partners: Follow the ‘Golden Rule’</h2><p>Buffett said that the top rule shareholders and partners should follow is treating others as they wish to be treated — otherwise known as the Golden Rule.</p><p style=\"text-align: start;\">While the former CEO said he’s “not a religious guy,” he stressed that there has never been a better message spoken “in a couple thousand years than that.”</p><p style=\"text-align: start;\">“If the whole world lived by the Golden Rule, it would be such a more wonderful society,” Buffett told CNBC’s Becky Quick. “That’s true for everything from parenthood to being a boss.”</p><p style=\"text-align: start;\">“It doesn’t cost you anything. In fact, it’s reflected in better behavior toward you, so I mean it’s a very selfish sort of thing in one sense, but I’ve never seen anybody that’s unhappy that behaves that way,” he said.</p><h2 id=\"id_862631079\" style=\"text-align: start;\">Buffett: ‘We’ve never had people in a more gambling mood than now’</h2><p>During the lunch break, Buffett compared “markets to a church with a casino attached,” making a distinction between traditional value investing and current enthusiasm for short-term options trading along with increasing interest in prediction markets.</p><p style=\"text-align: start;\">“People can move between the church and the casino, and I would say there are more people in the church [than] people in the casino, but the casino has gotten very attractive,” he said. “If you’re buying one-day options or selling them, that’s not investing, it’s not speculating – it’s gambling.”</p><p style=\"text-align: start;\">Buffett said the enthusiasm for “gambling” is at a peak.</p><p style=\"text-align: start;\">“We’ve never had people in a more gambling mood than now,” he said.</p><p style=\"text-align: start;\">Buffett commented on the recent case of a U.S. soldier who allegedly used classified information related to a military operation in Venezuela to make $400,000 on a prediction market. The Department of Justice is currently prosecuting the case.</p><p style=\"text-align: start;\">“There’s nobody who can explain why they’re buying an option for one day unless they may have maybe [the chance to make] $400-and-some-thousand from knowing when we were going into Venezuela. … The quantity of those things is just incredible,” he said.</p><h2 id=\"id_274743550\" style=\"text-align: start;\">Buffett says Berkshire isn’t seeing ideal investing environment</h2><p>Buffett acknowledged displeasure with the investing backdrop as Berkshire’s cash hoard swells to records.</p><p style=\"text-align: start;\">“It isn’t our ideal surrounding area — or environment, I should say — in terms of deploying cash for Berkshire,” the former CEO told CNBC’s Becky Quick.</p><p style=\"text-align: start;\">Buffett said the conglomerate has the “right management” and can “pick our spots.” While it appears like Berkshire can appear to be doing “nothing” at some points, it’s “quite active” at other times, he said.</p><p style=\"text-align: start;\">Part of the hesitancy about investing capital was due to high prices in the market, he said.</p><p style=\"text-align: start;\">When asked when it will be a good time to invest, Buffett said it will come when “nobody else will answer their phones,” a hint to a pullback in market prices.</p><p style=\"text-align: start;\">Buffett’s comments came during a special sideline interview with CNBC. The Oracle of Omaha sat in the audience during the official meeting.</p><h2 id=\"id_963677671\" style=\"text-align: start;\">Ajit Jain on insuring ships through Hormuz: ‘Depends on the price’</h2><p>Asked about how and when he could offer insurance to ships crossing the embattled Strait of Hormuz, Berkshire’s vice chairman of insurance operations Ajit Jain gave a pithy response.</p><p style=\"text-align: start;\">“The short answer is – depends on the price,” he said, getting laughter and applause from the audience.</p><p style=\"text-align: start;\">Berkshire is participating in a “program” to insure ships moving through Hormuz, which has been closed or severely restricted during much of the U.S.-Israel war with Iran, but hasn’t written any deals for it yet, Jain said.</p><p style=\"text-align: start;\">“We ourselves have taken a small participation in a program that’s [been] put in place so as to write insurance for the ships in the Strait of Hormuz. We haven’t written any deals as yet,” he said.</p><p style=\"text-align: start;\">U.S. Navy escorts for transiting ships will be a condition of the underwriting process for the program, Jain said.</p><p style=\"text-align: start;\">“It’s still being fine tuned,” he said. “But if we can get our terms – in terms of the underwriting decisions and the fact that the U.S. Navy will escort these ships – we have put a price on which we will be comfortable underwriting that risk. But nothing’s happened as yet.”</p><h2 id=\"id_2200652219\" style=\"text-align: start;\">‘We’re not going to do AI for the sake of AI,’ Abel says</h2><p>Abel said Berkshire has taken a reserved stance on using and managing artificial intelligence, a stark contrast from other chief executives racing to reorient or rebrand their businesses around the technology.</p><p style=\"text-align: start;\">“It has to be additive to our businesses,” Abel said. “We’re not going to do AI for the sake of AI.”</p><p style=\"text-align: start;\">Abel said Berkshire will deploy AI in a form that is narrow in scope and focused on creating value propositions. He said there’s risks for “humanity” tied to the technology that the conglomerate is keeping in mind.</p><p style=\"text-align: start;\">Companies including Snap and Atlassian cited AI when announcing job cuts this year. Allbirds last month announced a pivot to the technology from sustainable shoe production last month, prompting a surge in its stock.</p><h2 id=\"id_1407935103\" style=\"text-align: start;\">Berkshire’s operating earnings jump as cash hoard hits record near $400 billion</h2><p>Berkshire Hathaway posted a solid jump in first-quarter operating earnings, driven largely by a rebound in its insurance business, while amassing a record amount of cash for new CEO Greg Abel’s coffers.</p><p style=\"text-align: start;\">Operating profit from its wholly owned units — including insurance and railroads — rose 18% from a year earlier, according to the company’s first earnings report since Abel succeeded Warren Buffett as CEO at the start of 2026. Insurance underwriting led the gains, climbing 28.5% to about $1.7 billion.</p><p style=\"text-align: start;\">Berkshire’s cash pile swelled to a record $397.4 billion, topping its prior high of $381.6 billion set in the third quarter of last year. That buildup came as the conglomerate was a seller of stocks, with roughly $24.1 billion in equity sales during the quarter. It purchased about $16 billion.</p><p style=\"text-align: start;\">Shares of Berkshire have fallen about 6% year to date, lagging the S&amp;P 500′s 5.6% gain. Berkshire has trailed the index by more than 30 percentage points since Buffett signaled plans to step down last May.</p><p style=\"text-align: start;\">The underperformance came even after Berkshire resumed buybacks in March for the first time since 2024. Berkshire repurchased $235 million of stock in the first quarter, according to the earnings report. The company had already disclosed that it purchased $226 million in stock on March 4, so this means it only did a slight amount more of buying as the quarter came to a close.</p><p style=\"text-align: start;\">Some of the stock-selling activity may reflect a broader reshuffling of the portfolio following the departure of longtime investment manager Todd Combs, who left for JPMorgan Chase at the end of 2025, though the company hasn’t disclosed exactly which positions were affected.</p><p style=\"text-align: start;\">At the end of March, Berkshire’s top five holdings were American Express, Apple, Bank of America , The Coca-Cola Company and Chevron.</p><p style=\"text-align: start;\">Abel revealed he used his entire after-tax salary of $15 million to personally buy Berkshire shares, and plans to keep doing so every year for as long as he’s CEO.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BRK.B":"伯克希尔B","BRKC":"YieldMax BRK.B Option Income ETF","BRKU":"2倍做多BRKB ETF-Direxion","BRKD":"Direxion Daily BRKB Bear 1X Shares","BRKW":"Roundhill BRKB WeeklyPay™ ETF","BRK.A":"伯克希尔"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1161232061","content_text":"In his first annual meeting as CEO, Berkshire Hathaway’s Greg Abel discussed a wide array of topics from artificial intelligence to his efforts to grow the conglomerate.Abel said the Omaha-based firm was thinking criticially about how to use AI to add value, saying that Berkshire wasn’t “going to do AI for the sake of AI.” Abel also walked through efforts to improve its railway and insurance businesses at the event, which has long been called “Woodstock for Capitalists.”Abel was joined on stage by members of his leadership team, but chairman Warren Buffett made remarks from the audience. Abel celebrated his predecessor by hanging a jersey from the rafters of the CHI Health Center, where the event is held each year. A deepfake version of Buffett also asked a question, prompting a discussion on the cybersecurity risks tied to AI.In a special sideline interview, Buffett told CNBC’s Becky Quick that he did not see the ideal investing environment. Ahead of the meeting, Berkshire’s latest financial report showed a record cash pile nearing $400 billion.Opening video pays tribute to BuffettBerkshire’s annual meeting kicked off with an homage to Buffett.A video montage highlighted pictures and videos of the Oracle of Omaha over the years. The video, which was set to the Huey Lewis & The News song “Back in Time,” also featured clips from past meetings.Buffett’s message to shareholders and partners: Follow the ‘Golden Rule’Buffett said that the top rule shareholders and partners should follow is treating others as they wish to be treated — otherwise known as the Golden Rule.While the former CEO said he’s “not a religious guy,” he stressed that there has never been a better message spoken “in a couple thousand years than that.”“If the whole world lived by the Golden Rule, it would be such a more wonderful society,” Buffett told CNBC’s Becky Quick. “That’s true for everything from parenthood to being a boss.”“It doesn’t cost you anything. In fact, it’s reflected in better behavior toward you, so I mean it’s a very selfish sort of thing in one sense, but I’ve never seen anybody that’s unhappy that behaves that way,” he said.Buffett: ‘We’ve never had people in a more gambling mood than now’During the lunch break, Buffett compared “markets to a church with a casino attached,” making a distinction between traditional value investing and current enthusiasm for short-term options trading along with increasing interest in prediction markets.“People can move between the church and the casino, and I would say there are more people in the church [than] people in the casino, but the casino has gotten very attractive,” he said. “If you’re buying one-day options or selling them, that’s not investing, it’s not speculating – it’s gambling.”Buffett said the enthusiasm for “gambling” is at a peak.“We’ve never had people in a more gambling mood than now,” he said.Buffett commented on the recent case of a U.S. soldier who allegedly used classified information related to a military operation in Venezuela to make $400,000 on a prediction market. The Department of Justice is currently prosecuting the case.“There’s nobody who can explain why they’re buying an option for one day unless they may have maybe [the chance to make] $400-and-some-thousand from knowing when we were going into Venezuela. … The quantity of those things is just incredible,” he said.Buffett says Berkshire isn’t seeing ideal investing environmentBuffett acknowledged displeasure with the investing backdrop as Berkshire’s cash hoard swells to records.“It isn’t our ideal surrounding area — or environment, I should say — in terms of deploying cash for Berkshire,” the former CEO told CNBC’s Becky Quick.Buffett said the conglomerate has the “right management” and can “pick our spots.” While it appears like Berkshire can appear to be doing “nothing” at some points, it’s “quite active” at other times, he said.Part of the hesitancy about investing capital was due to high prices in the market, he said.When asked when it will be a good time to invest, Buffett said it will come when “nobody else will answer their phones,” a hint to a pullback in market prices.Buffett’s comments came during a special sideline interview with CNBC. The Oracle of Omaha sat in the audience during the official meeting.Ajit Jain on insuring ships through Hormuz: ‘Depends on the price’Asked about how and when he could offer insurance to ships crossing the embattled Strait of Hormuz, Berkshire’s vice chairman of insurance operations Ajit Jain gave a pithy response.“The short answer is – depends on the price,” he said, getting laughter and applause from the audience.Berkshire is participating in a “program” to insure ships moving through Hormuz, which has been closed or severely restricted during much of the U.S.-Israel war with Iran, but hasn’t written any deals for it yet, Jain said.“We ourselves have taken a small participation in a program that’s [been] put in place so as to write insurance for the ships in the Strait of Hormuz. We haven’t written any deals as yet,” he said.U.S. Navy escorts for transiting ships will be a condition of the underwriting process for the program, Jain said.“It’s still being fine tuned,” he said. “But if we can get our terms – in terms of the underwriting decisions and the fact that the U.S. Navy will escort these ships – we have put a price on which we will be comfortable underwriting that risk. But nothing’s happened as yet.”‘We’re not going to do AI for the sake of AI,’ Abel saysAbel said Berkshire has taken a reserved stance on using and managing artificial intelligence, a stark contrast from other chief executives racing to reorient or rebrand their businesses around the technology.“It has to be additive to our businesses,” Abel said. “We’re not going to do AI for the sake of AI.”Abel said Berkshire will deploy AI in a form that is narrow in scope and focused on creating value propositions. He said there’s risks for “humanity” tied to the technology that the conglomerate is keeping in mind.Companies including Snap and Atlassian cited AI when announcing job cuts this year. Allbirds last month announced a pivot to the technology from sustainable shoe production last month, prompting a surge in its stock.Berkshire’s operating earnings jump as cash hoard hits record near $400 billionBerkshire Hathaway posted a solid jump in first-quarter operating earnings, driven largely by a rebound in its insurance business, while amassing a record amount of cash for new CEO Greg Abel’s coffers.Operating profit from its wholly owned units — including insurance and railroads — rose 18% from a year earlier, according to the company’s first earnings report since Abel succeeded Warren Buffett as CEO at the start of 2026. Insurance underwriting led the gains, climbing 28.5% to about $1.7 billion.Berkshire’s cash pile swelled to a record $397.4 billion, topping its prior high of $381.6 billion set in the third quarter of last year. That buildup came as the conglomerate was a seller of stocks, with roughly $24.1 billion in equity sales during the quarter. It purchased about $16 billion.Shares of Berkshire have fallen about 6% year to date, lagging the S&P 500′s 5.6% gain. Berkshire has trailed the index by more than 30 percentage points since Buffett signaled plans to step down last May.The underperformance came even after Berkshire resumed buybacks in March for the first time since 2024. Berkshire repurchased $235 million of stock in the first quarter, according to the earnings report. The company had already disclosed that it purchased $226 million in stock on March 4, so this means it only did a slight amount more of buying as the quarter came to a close.Some of the stock-selling activity may reflect a broader reshuffling of the portfolio following the departure of longtime investment manager Todd Combs, who left for JPMorgan Chase at the end of 2025, though the company hasn’t disclosed exactly which positions were affected.At the end of March, Berkshire’s top five holdings were American Express, Apple, Bank of America , The Coca-Cola Company and Chevron.Abel revealed he used his entire after-tax salary of $15 million to personally buy Berkshire shares, and plans to keep doing so every year for as long as he’s CEO.","news_type":1,"symbols_score_info":{"BRKD":0.6,"BRK.B":2,"BRKU":0.6,"BRKC":0.6,"BRKW":0.6,"BRK.A":2}},"isVote":1,"tweetType":1,"viewCount":1351,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":598345845674176,"gmtCreate":1787107297945,"gmtModify":1787107335274,"author":{"id":"4219469807430532","authorId":"4219469807430532","name":"Mr. Tiger","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4219469807430532","idStr":"4219469807430532"},"themes":[],"title":"","htmlText":"When is Futu result releasing?","listText":"When is Futu result releasing?","text":"When is Futu result releasing?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/598345845674176","repostId":"2660463119","repostType":2,"repost":{"id":"2660463119","kind":"highlight","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"pubTimestamp":1787043710,"share":"https://ttm.financial/m/news/2660463119?lang=en_US&edition=fundamental","pubTime":"2026-08-18 17:01","market":"us","language":"en","title":"Baidu Q2 FY26 Net Income Drops 68% Year over Year to RMB 2.3 Billion; Revenue Falls 4% to RMB 31.3 Billion","url":"https://stock-news.laohu8.com/highlight/detail?id=2660463119","media":"Reuters","summary":"Baidu Q2 FY26 net income drops 68% year over year to RMB 2.3 billion; revenue falls 4% to RMB 31.3 billionBaidu Q2 revenue fell 4% year over year to RMB 31.3 billion; net income attributable to shareh","content":"<html><head></head><body><p style=\"text-align: left;\"><a href=\"https://laohu8.com/S/BIDU\">Baidu</a> Q2 revenue fell 4% year over year to RMB 31.3 billion; net income attributable to shareholders dropped to RMB 2.3 billion.</p><p style=\"text-align: left;\">Diluted earnings per ADS declined to RMB 5.74; operating income eased to RMB 3 billion, leaving a 10% operating margin.</p><p style=\"text-align: left;\">AI Cloud Infra revenue climbed 50% to RMB 7.3 billion, while GPU Cloud revenue rose year over year by 283%.</p><p style=\"text-align: left;\">Baidu Core AI-powered Business revenue increased 25% to RMB 12.5 billion, accounting for 50% of Baidu General Business revenue.</p><p style=\"text-align: left;\">Apollo Go expanded globally with open-road testing in London, fully driverless commercial operations in Dubai, and fully driverless testing permits in Hong Kong.</p><p style=\"text-align: left;\">Baidu plunges in pre‑market trading, down over 4% as of press time.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/f45bba2654228e09fa40734d7080d6c0\" data-align=\"center\" tg-width=\"1269\" tg-height=\"639\"/><span></span></p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Baidu Q2 FY26 Net Income Drops 68% Year over Year to RMB 2.3 Billion; Revenue Falls 4% to RMB 31.3 Billion</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; 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color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBaidu Q2 FY26 Net Income Drops 68% Year over Year to RMB 2.3 Billion; Revenue Falls 4% to RMB 31.3 Billion\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1032215980\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2026-08-18 17:01</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p style=\"text-align: left;\"><a href=\"https://laohu8.com/S/BIDU\">Baidu</a> Q2 revenue fell 4% year over year to RMB 31.3 billion; net income attributable to shareholders dropped to RMB 2.3 billion.</p><p style=\"text-align: left;\">Diluted earnings per ADS declined to RMB 5.74; operating income eased to RMB 3 billion, leaving a 10% operating margin.</p><p style=\"text-align: left;\">AI Cloud Infra revenue climbed 50% to RMB 7.3 billion, while GPU Cloud revenue rose year over year by 283%.</p><p style=\"text-align: left;\">Baidu Core AI-powered Business revenue increased 25% to RMB 12.5 billion, accounting for 50% of Baidu General Business revenue.</p><p style=\"text-align: left;\">Apollo Go expanded globally with open-road testing in London, fully driverless commercial operations in Dubai, and fully driverless testing permits in Hong Kong.</p><p style=\"text-align: left;\">Baidu plunges in pre‑market trading, down over 4% as of press time.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/f45bba2654228e09fa40734d7080d6c0\" data-align=\"center\" tg-width=\"1269\" tg-height=\"639\"/><span></span></p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BIDG":"2倍做多BIDU ETF-Leverage Shares","KBDU":"2倍做多BIDU ETF-KraneShares","DRGN":"Themes China Generative Artificial Intelligence ETF","BIDU":"百度","09888":"百度集团-SW"},"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20260818:nNDL44N7ML:1","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2660463119","content_text":"Baidu Q2 revenue fell 4% year over year to RMB 31.3 billion; net income attributable to shareholders dropped to RMB 2.3 billion.Diluted earnings per ADS declined to RMB 5.74; operating income eased to RMB 3 billion, leaving a 10% operating margin.AI Cloud Infra revenue climbed 50% to RMB 7.3 billion, while GPU Cloud revenue rose year over year by 283%.Baidu Core AI-powered Business revenue increased 25% to RMB 12.5 billion, accounting for 50% of Baidu General Business revenue.Apollo Go expanded globally with open-road testing in London, fully driverless commercial operations in Dubai, and fully driverless testing permits in Hong Kong.Baidu plunges in pre‑market trading, down over 4% as of press time.","news_type":1,"symbols_score_info":{"KBDU":0.6,"DRGN":0.6,"BIDU":1.96,"BIDG":0.6,"09888":1.96}},"isVote":1,"tweetType":1,"viewCount":7,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":560341773186192,"gmtCreate":1777833910400,"gmtModify":1777852004970,"author":{"id":"4219469807430532","authorId":"4219469807430532","name":"Mr. Tiger","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4219469807430532","idStr":"4219469807430532"},"themes":[],"title":"","htmlText":"Berkshire Hathaway meeting 10 take sways","listText":"Berkshire Hathaway meeting 10 take sways","text":"Berkshire Hathaway meeting 10 take sways","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/560341773186192","repostId":"2632673625","repostType":2,"repost":{"id":"2632673625","kind":"live","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"pubTimestamp":1777726532,"share":"https://ttm.financial/m/news/2632673625?lang=en_US&edition=fundamental","pubTime":"2026-05-02 20:55","market":"us","language":"en","title":"Berkshire Hathaway Operating Profit Rises, Cash Sets Record","url":"https://stock-news.laohu8.com/highlight/detail?id=2632673625","media":"Reuters","summary":"Berkshire Hathaway on Saturday reported a higher first-quarter operating profit, aided by gains in ","content":"<html><head></head><body><p>Berkshire Hathaway on Saturday reported a higher first-quarter operating profit, aided by gains in insurance and its other major ‌operating segments.</p><p>Profit from the Omaha, Nebraska-based conglomerate&#39;s dozens of businesses rose 18% to $11.35 billion, or about $7,891 per Class A share, from $9.64 billion a year earlier.</p><p>Net income, including from common stock investments, more than doubled to $10.1 billion, or $7,027 per Class A share, from $4.6 billion.</p><p>Berkshire downplays the significance of ⁠net income, which because of accounting rules includes unrealized gains and losses on stocks it has no plans to sell.</p><p>Berkshire said it repurchased $234 million of its own stock in the quarter, its first buybacks since May 2024. It did not buy back stock in the first two weeks of April.</p><p>Berkshire&#39;s cash stake ended March at a record $397.4 billion.</p><p>That reflected the company&#39;s years-long inability to find a major acquisition, as well as sales of some of ‌its ⁠largest stock holdings led by Apple.</p><p>It also sold $8.1 billion more stocks than it bought in the first quarter, the 14th straight quarter it was a net seller of stocks.</p><p>Berkshire did pay $9.5 billion in January for Occidental Petroleum&#39;s chemicals business.</p><p>The quarter was ⁠the first under the helm of Greg Abel, who succeeded Warren Buffett in January as Berkshire&#39;s chief executive. Buffett remains chairman.</p><p>The results were released prior to Berkshire&#39;s annual ⁠shareholder meeting, which draws tens of thousands of people to Omaha.</p><p>Berkshire shares have significantly lagged the broader market since Buffett unexpectedly announced at last year&#39;s ⁠meeting that he was handing the reins to Abel.</p><p>In 2026, Berkshire Class A shares have fallen 6%, while the Standard &amp; Poor&#39;s 500 is up 6%.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Berkshire Hathaway Operating Profit Rises, Cash Sets Record</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBerkshire Hathaway Operating Profit Rises, Cash Sets Record\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1032215980\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2026-05-02 20:55</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>Berkshire Hathaway on Saturday reported a higher first-quarter operating profit, aided by gains in insurance and its other major ‌operating segments.</p><p>Profit from the Omaha, Nebraska-based conglomerate&#39;s dozens of businesses rose 18% to $11.35 billion, or about $7,891 per Class A share, from $9.64 billion a year earlier.</p><p>Net income, including from common stock investments, more than doubled to $10.1 billion, or $7,027 per Class A share, from $4.6 billion.</p><p>Berkshire downplays the significance of ⁠net income, which because of accounting rules includes unrealized gains and losses on stocks it has no plans to sell.</p><p>Berkshire said it repurchased $234 million of its own stock in the quarter, its first buybacks since May 2024. It did not buy back stock in the first two weeks of April.</p><p>Berkshire&#39;s cash stake ended March at a record $397.4 billion.</p><p>That reflected the company&#39;s years-long inability to find a major acquisition, as well as sales of some of ‌its ⁠largest stock holdings led by Apple.</p><p>It also sold $8.1 billion more stocks than it bought in the first quarter, the 14th straight quarter it was a net seller of stocks.</p><p>Berkshire did pay $9.5 billion in January for Occidental Petroleum&#39;s chemicals business.</p><p>The quarter was ⁠the first under the helm of Greg Abel, who succeeded Warren Buffett in January as Berkshire&#39;s chief executive. Buffett remains chairman.</p><p>The results were released prior to Berkshire&#39;s annual ⁠shareholder meeting, which draws tens of thousands of people to Omaha.</p><p>Berkshire shares have significantly lagged the broader market since Buffett unexpectedly announced at last year&#39;s ⁠meeting that he was handing the reins to Abel.</p><p>In 2026, Berkshire Class A shares have fallen 6%, while the Standard &amp; Poor&#39;s 500 is up 6%.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BRK.B":"伯克希尔B","BRKD":"Direxion Daily BRKB Bear 1X Shares","BRKW":"Roundhill BRKB WeeklyPay™ ETF","BRK.A":"伯克希尔","BRKC":"YieldMax BRK.B Option Income ETF","BRKU":"2倍做多BRKB ETF-Direxion"},"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20260502:nFWN41F004:1","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2632673625","content_text":"Berkshire Hathaway on Saturday reported a higher first-quarter operating profit, aided by gains in insurance and its other major ‌operating segments.Profit from the Omaha, Nebraska-based conglomerate's dozens of businesses rose 18% to $11.35 billion, or about $7,891 per Class A share, from $9.64 billion a year earlier.Net income, including from common stock investments, more than doubled to $10.1 billion, or $7,027 per Class A share, from $4.6 billion.Berkshire downplays the significance of ⁠net income, which because of accounting rules includes unrealized gains and losses on stocks it has no plans to sell.Berkshire said it repurchased $234 million of its own stock in the quarter, its first buybacks since May 2024. It did not buy back stock in the first two weeks of April.Berkshire's cash stake ended March at a record $397.4 billion.That reflected the company's years-long inability to find a major acquisition, as well as sales of some of ‌its ⁠largest stock holdings led by Apple.It also sold $8.1 billion more stocks than it bought in the first quarter, the 14th straight quarter it was a net seller of stocks.Berkshire did pay $9.5 billion in January for Occidental Petroleum's chemicals business.The quarter was ⁠the first under the helm of Greg Abel, who succeeded Warren Buffett in January as Berkshire's chief executive. Buffett remains chairman.The results were released prior to Berkshire's annual ⁠shareholder meeting, which draws tens of thousands of people to Omaha.Berkshire shares have significantly lagged the broader market since Buffett unexpectedly announced at last year's ⁠meeting that he was handing the reins to Abel.In 2026, Berkshire Class A shares have fallen 6%, while the Standard & Poor's 500 is up 6%.","news_type":1,"symbols_score_info":{"BRKD":0.6,"BRKC":0.6,"BRK.A":2,"BRK.B":2,"BRKW":0.6,"BRKU":0.6}},"isVote":1,"tweetType":1,"viewCount":1117,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}