Yang Delong: The Buffett era has not completely ended, but the Buffett premium is gradually disappearing

The Executive General Manager of Qianhai Kaiyuan Fund, Yang Delong, stated in his speech that the first important reason for this decline in stock price is that the Buffett premium is gradually disappearing, although it has not disappeared completely yet — because Buffett is still serving as chairman and goes to the office every day. Even if Abel has his own ideas and wants to adjust the investment portfolio, he doesn't dare to make a move right now and is still following the previous practices. As long as there are major decisions, he will certainly consult the old man's opinion first. So, in this era, the Buffett era has not completely ended; about half of the Buffett premium has faded, but it has not vanished entirely. We all hope Buffett can live to be 200 years old so that we can attend the shareholder meeting every year. But if one day, Buffett completely steps away from company affairs and the Buffett premium disappears entirely, then Berkshire's share price may experience an even greater drop, which is inevitable.