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

The "Dialogue Omaha The Eleventh Sino-US Investors' Cocktail Party" hosted by Sina Finance was held in Omaha, Nebraska, USA on May 2nd local time. Yang Delong, the Executive General Manager of Qianhai Kaiyuan Fund, said in his speech that the first important reason for the decline in stock price is the gradual disappearance of Buffett's premium, but it has not completely disappeared yetbecause Buffett still serves as chairman and goes to the office every day. Even if Ajit Jain has his own ideas and wants to adjust the investment portfolio, he dare not act now. Currently, he is still in the stage of following Buffett's rules. If there are major decisions, he will definitely first ask for Buffett's opinion. So in this era, the Buffett era has not completely ended, the Buffett premium has probably disappeared by half, but not completely. We all hope Buffett can live to be 200 years old, so we can come to the shareholders' meeting every year. But if one day Buffett completely ignores the company's business, and the Buffett premium disappears completely, then there may be a bigger wave of decline in Berkshire's stock price, this is inevitable.