2023年Berkshire Hathaway股東大會－下午場 (Section 21~25)

本篇文章收錄2023年Berkshire Hathaway股東會下午場第21~25節原文(下午場總共25小節)、繁體中文翻譯、會議摘要，除了OT供自己學習外，也分享給有興趣的朋友們。波克夏2023年股東會的整理也在此告一段落，謝謝各位閱讀。

21. Auto industry is fascinating but hard to predict

22. Buffett isn’t worried about the Federal Reserve’s balance sheet

23. We need to take care of people displaced by capitalism

24. When it comes to accounting, ‘We’ll consistently do what is legal, and we’ll consistently say what we think is right’

25. Munger: I’m ‘philosophical about my grandchildren not thinking exactly the way I do’

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2023年Berkshire Hathaway股東大會－下午場 (Section 16~20)

本篇文章收錄2023年Berkshire Hathaway股東會下午場第16~20節原文(下午場總共25小節)、繁體中文翻譯、會議摘要，除了OT供自己學習外，也分享給有興趣的朋友們。

16. We are in ‘the perfect sort of game’

17. Arbitrage bet on Activision isn’t looking good

18. If you can’t work for yourself, working for Berkshire is almost as good

19. See’s Candies is a ‘wonderful brand that doesn’t travel’

20. NetJets is a ‘marvelous’ company

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2023年Berkshire Hathaway股東大會－下午場 (Section 11~15)

本篇文章收錄2023年Berkshire Hathaway股東會下午場第11~15節原文(下午場總共25小節)、繁體中文翻譯、會議摘要，除了OT供自己學習外，也分享給有興趣的朋友們。

11. ‘We will not be making any offer for control of Occidental’

12. Elon Musk is a ‘brilliant, brilliant guy’ who ‘likes taking on the impossible job’

13. We want to save Berkshire’s cash to buy businesses

14. Munger: ‘Life is too short’ to be an ambitious lawyer

15. New minimum 15% corporate tax ‘doesn’t bother me in the least’

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2023年Berkshire Hathaway股東大會－下午場 (Section 6~10)

本篇文章收錄2023年Berkshire Hathaway股東會下午場第6~10節原文(下午場總共25小節)、繁體中文翻譯、會議摘要，除了OT供自己學習外，也分享給有興趣的朋友們。

6. ‘You should write your obituary and then try and figure out how to live up to it’

7. ‘Tough problem’ when family members are negative

8. Why are Garanimals only sold at Walmart?

9. Paramount Global faces tough competition in streaming

10. ‘Our record in wind and solar has not been topped by any utility’

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2023年Berkshire Hathaway股東大會－下午場 (Section 1~5)

本篇文章收錄2023年Berkshire Hathaway股東會下午場第1~5節原文(下午場總共25小節)、繁體中文翻譯、會議摘要，除了OT供自己學習外，也分享給有興趣的朋友們。

1. Washington should explicitly guarantee all U.S. bank deposits

2. Buffett: CEOs of failed banks should be punished

3. Aside from Bank of America, Berkshire is being cautious on bank stocks

4. It is ‘madness to keep printing money’

5. Buffet would have preferred to buy more of Pilot earlier, but it wasn’t for sale

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2023年Berkshire Hathaway股東大會－上午場(Section 26~32)

本篇文章收錄2023年Berkshire Hathaway股東會上午場第26~32節原文(上半場總共32小節)、繁體中文翻譯、會議摘要，除了OT供自己學習外，也分享給有興趣的朋友們。

26. ‘I feel better about the capital we’ve deployed in Japan than Taiwan’

27. Ben Graham’s great investment book is still popular

28. GEICO is talking to carmakers about selling insurance in the showroom

29. Index funds are ‘backing off’ from using voting power

30. Buffett: Greg Abel ‘understands capital allocation as well as I do’

31. Munger has two words for COVID vaccine skeptic

32. ‘It’s hard to judge successor management in a really good business’ like Berkshire

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2023年Berkshire Hathaway股東大會－上午場(Section 21~25)

本篇文章收錄2023年Berkshire Hathaway股東會上午場第21~25節原文(上半場總共32小節)、繁體中文翻譯、會議摘要，除了OT供自己學習外，也分享給有興趣的朋友們。

21. Jain is happy with property catastrophe reinsurance portfolio

22. ‘We don’t get smarter’ but ‘we get a little wiser’

23. Why Buffett invested billions in Japanese ‘trading houses’

24. Apple is a ‘better business’ than any Berkshire company

25. U.S. and China both need to reduce ‘stupid, stupid, stupid’ economic tensions

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2023年Berkshire Hathaway股東大會－上午場(Section 16~20)

本篇文章收錄2023年Berkshire Hathaway股東會上午場第16~20節原文(上半場總共32小節)、繁體中文翻譯、會議摘要，除了OT供自己學習外，也分享給有興趣的朋友們。

16. Berkshire utilities focusing on clean energy but coordinated national effort is needed

17. Abel will decide on next generation of Berkshire managers

18. America has too much ‘tribalism’

19. No corporate raider will have enough money to target Berkshire after Buffett

20. Stories about finding Ajit Jain and Ben Rosner’s Chicago submarine

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2023年Berkshire Hathaway股東大會－上午場(Section 11~15)

本篇文章收錄2023年Berkshire Hathaway股東會上午場第11~15節原文(上半場總共32小節)、繁體中文翻譯、會議摘要，除了OT供自己學習外，也分享給有興趣的朋友們。

11. Munger: Commercial real estate downturn will be ‘quite significant and quite unpleasant’

12. ′ What gives you opportunities is other people doing dumb things’

13. AIG liability assumption deal is turning out to be ‘good but not great’

14. Never write a will without input from your children

15. BNSF takes derailments ‘incredibly seriously’

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2023年Berkshire Hathaway股東大會－上午場(Section 6~10)

本篇文章收錄2023年Berkshire Hathaway股東會上午場第6~10節原文(上半場總共32小節)、繁體中文翻譯、會議摘要，除了OT供自己學習外，也分享給有興趣的朋友們。

6. We’ve never made an emotional investing decision

7. Jain: GEICO’s technology is ‘still a work in progress’

8. Abel: BNSF continues to work on efficiency and safety improvements

9. Todd Combs doing ‘wonderful job’ running GEICO

10. Munger on AI: ‘Old-fashioned intelligence works pretty well’

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2023年Berkshire Hathaway股東大會－上午場(Section 1~5)

本篇文章收錄2023年Berkshire Hathaway股東會上午場第1~5節原文(上半場總共32小節)、繁體中文翻譯、以及會議摘要，除了OT供自己學習外，也分享給有興趣的朋友們。

1. Berkshire’s own ‘King Charles’

2. Directors introduced

3. The woman who organized the whole thing

4. Most Berkshire businesses will report lower earnings next year

5. Failure to guarantee Silicon Valley Bank’s deposits would have been ‘catastrophic’

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