Special topic: Buffett shareholders' meeting 2024 Sino-American investor reception

In the afternoon of May 4, local timeFreedrawpokerThe 9th Buffett shareholders' meeting sponsored by Sina Finance was held at the Marriott Hotel in downtown Omaha. The reception was the largest and most influential investor exchange event during Buffett's shareholders' meeting. Investment elites, leaders of Chinese public and private equity funds and securities firms, and executives of listed companies attended the meeting, which opened a high-quality dialogue.

Dan Bin, chairman and fund manager of Oriental Harbor, attended the meeting and delivered a keynote speech "Rose of time-paying homage to Munger's long-term doctrine and analyzing the future investment journey". But Bin said that there should be two choices for investment, one is a company that the world cannot change, and the other is a company that changes the world. Buffett's long-term investments are mainly business models that the world cannot change, such asFreedrawpokerThe big companies he now holds, such as Coca-Cola, are similar to Maotai in China.

The following is a transcript of some of Dan Bin's speeches:

Standing at this moment today, looking for the password for the future, I have said in the past that there should be two choices for investment, one is a company that the world can't change, and the other is a company that changes the world. Buffett's long-term investment is mainly in business models that cannot be changed in the world. For example, the major companies in which he now holds positions, such as Coca-Cola, are similar to Maotai in China. In 2013 and 2014, I accompanied Mr. Li Lu to Maotai three times. At that time, Mr. Li Lu represented Buffett. In fact, I was involved in the negotiations. At that time, there was Mr. Yuan and his financial director. Unfortunately, both of them were arrested. Later, there was no agreement, Buffett did not invest in Maotai, but Mr. Li Lu actually invested a lot, and Mr. Munger also said that we hold Maotai indirectly. It is very difficult to change this business model for companies like this, which may be Buffett's main investment direction.

The other is the companies that change the world. As the investors of our descendants, we should choose the direction of the companies that may change the world.