Maalgashadeyaashu waa inay ka fogaadaan suuqa debaajiga, ku qoreen warqad sanadle ah oo ay ku leeyihiin saamileyda Warren Buffett. "Maal gashadeyaasha suuqyada aaladaha leh dakhli go'an oo adduunka oo dhan ah, ha ahaato howl-galaha ama dadka hawlgabka ah ay ku qoreen mustaqbal xumaaday," ayuu qoray agaasimaha guud ee 90-sano jirka ah ee Berkshire Hasaaray. - Kaqeybgalayaasha suuqa, labadaba sababo sharciyeed iyo aragtida ah ee aragtida qiimeynta, waa inay fiiro gaar ah u yeeshaan bonds. Laakiin suuqa juulku maahan meesha aad ugu baahan tahay inaad maanta ahaato. "
Ka dib kulanka sanadlaha ah ee Berkshire Hasetanima ee Hore ee Maajo 2020, maalgashiga Guru ee muddada faafa ee ficil ahaan ma uusan sameyn bayaanka dadweynaha. Warqaddiisa sanadlaha ah, oo ay weheliso daabacaadda warbixin sanadeedka ee shirkadda, wuxuu ka hadlay xaalada hada ku jirta suuqyada debaajiga, oo si xoogan uga sii daraysay usbuucyadii la soo dhaafay, oo ay sharaxeen ra'yigiisa ee dhaqaalaha Mareykanka oo sharaxay, sababta Berkshire Hasaaray Ku dhawaad $ 25 bilyan oo madax furasho ah oo ay u soo baxaan saamigooda sanadkii la soo dhaafay.
Faa'iidada darada dowlada ee dalal horumarineed ayaa si weyn kor ugu kacday isbuucii ugu dambeeyay ee ka dhasha iibka weyn, oo ay ka walaacsan tahay kaqeybgalayaasha suuqyada saamiyada adduunka. Soosaarka ee 10-sano jir khasnadi ah oo ku saabsan maalgashiga Mareykanka, oo bilowgii sanadka uu ahaa 0.9%, dhamaadka usbuucan ayaa kor u kacay 1.415%. Maalgashadeyaashu waxay ka baxaan aalado aamin ah, iyagoo sugaya xawaare sare oo kobaca dhaqaalaha ah. Rajo ku saabsan dib u soo nooleynta dhaqaalaha caalamiga ah sidoo kale wuxuu ka xanaajiyey filashooyinka xawaaraha sicir-bararka iyo dib u eegista siyaasadaha lacageed ee Ultrabas ee Bangiga Dhexe.
Maal-gashadayaal badan oo ka tagaya dammaanadda dowladu waxay ku beddelaan iyaga oo ku jira xafiisyadooda khatarta badan oo qatar ah tayada amaahda qiime jaban. "Qaar ka mid ah caymisyada, iyo sidoo kale maalgashadayaasha kale ee dammaanadda, waxay isku dayi karaan inay ku tuuraan ugu yaraan wax ka soo gala dakhli aan micno lahayn oo hadda suuqa ku jira, tarjumida lacagaha waajibaadka amaahda. Si kastaba ha noqotee, amaahda khatarta ah jawaab uma aha sicirka dulsaarka dulsaarka aan ku filneyn, "ayuu Buffett ka digay. "Saddex sano ka hor, mar urur awood oo awood u leh ayaa isu keenay dhimasho, oo ay ku jiraan maxaa yeelay is-indha-indheynta ayaa la xasuusiyay.
Dhibaatooyinka ururada amaahda-kaydinta ↓
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Sababta oo ah daloolka 1970-yadii. iyo kor u qaadida heerka faddaarka rasmiga ah horraantii 1980-yadii. Heerarka dhigaalka ee ururada kaydinta amaahda ee Mareykanka ayaa si weyn kordhay. Dakhliga ay sii wadeen ka heli karaan amaahda guryaha ee la soo saaray goor hore sicirka hoose ee go'an. Ururo badan ayaa runtii noqday mushaharka, waxay isku dayeen inay ku lug yeeshaan hawlgallada khatarta ah si ay u fidiyaan howlahooda. Ka dib qalalaasaha buuxa ee ka dib laga soo bilaabo 1986 ilaa 1995. In kabadan 1000 ka mid ah 3234 urur ayaa laga saaray.
Berkshire Hasetaway lafteeda ayaa ah kaqeybgale suuqyada dakhliga ee go'an - siyaabo badan maxaa yeelay waxay u baahan tahay inay ku hayaan lacag aad u weyn meel, taas oo dhammaadka sanadka ay ahayd $ 113 bilyan oo ka mid ah $ 113 milyan oo ka mid ah oo ay ku maal gashan yihiin - Xaashida - biilasha khasnadaha ka dib, dalimaadyo muddada dheer ah - kaliya $ 3.4 bilyan
Buffett ee la soo dhaafay ayaa si isdaba joog ah u xusay inaysan ka heli karin yool aad u weyn oo u weyn nuugista. Sidaa darteed, Berkshire Hastawey lacag lacag la'aan ah ayaa sii kordheysa, tanina ma jecla maalgashadayaasha. Labadii sano ee la soo dhaafay, saamiyadeeda ayaa ka dambeysa Tusmooyinka S & P 500. Tusaale ahaan, sanadkii 2020 waxay kor u kaceen 2.4%, iyo tusmada - boqolkiiba 16.3%.
Sanadkii la soo dhaafay, Berkshire Hasshaway wuxuu ku qaatay $ 24.7 bilyan oo madax furasho ah oo ay wadaagaan saamigeeda, wax iibsiyadana waxaa sii xoogeystay rubuc-meelaynta afraad ($ 8.8 bilyan). Buffett wuxuu u sharxay sidan oo kale: oo ay weheliso lammaanahiisa Charlie Manger, wuxuu go'aansaday inay kordhin doonaan qiimaha gudaha ee shirkadda ee [shirkadda] isla markaana isla waqtigaasna ay ka faa'iideysan doonaan fursado kasta ama xalinta dhibaatooyinka Hadday soo baxaan.
"Soo-laabashada saamiyada waxay ahayd bartamaha dareenka guud ee dagitaanka oo runtii aad u weyn," ayuu yidhi Jim Shanakhan, falanqeeye Edward Jones. Sida laga soo xigtay isaga, sannadkan shirkaddu waxay soo iibsatay saami qaybsi $ 4.5 bilyan oo kale.
Kobaca suuqa saamiyada micnaheedu waa in suurtagalnimada badalka ee loo yaqaan 'beffett of piffett loogu talagalay nuugista ayaa sii jiri doonta. Buffatt ayaa yidhi: "Inta badan ganacsiyadan waaweyn runtii ma xiiseyneynin taas oo qof iibsaday iyaga," ayuu yiri Buffett. Sidaa darteed, isaga iyo duwidku waxay fiiro gaar ah siinayaan boodhadhka saamiyada, cabirka ay gaarayaan $ 281 bilyan. Berkshire Hasshaway wuxuu iibsaday shirkadda wareegga mobilada Mobilada ah ee $ 8.6 bilyan iyo Chevron - oo ah $1 bilyan Shirkadda saliida ayaa si weyn u dhacday intii lagu jiray xiisadda, waxaa si ka duwan Exxon Mobil, oo ay heysato qulqulka lacageed oo wanaagsan oo bilaash ah 2020). Berkshire Hasshaway ayaa sidoo kale yareysay waxoogaa waxoogaa ah maalgashigiisa ugu weyn - tufaax (xirmada (xirmada ayaa ku kacaya $ 118 bilyan dhamaadka sanadka).
"Waxa uu weli ku kalsoon yahay arrinta [iibsashada] oo uu weli jiro edbin ku saabsan arrinta qiyaasaha qiimaha - faallooyinka Sanyan. - Natiijo ahaan, wuxuu seegay suurtagallo badan. "
Buffett ayaa sidoo kale xaqiijisay kalsoonidii uu ku qabtay warqadda rajada laga qabo rajada dhaqaalaha Mareykanka, isagoo sheegay in saamileyda ay dalka "hore usameen" taasna ha u baahneyn inay la ciyaaraan kulanka Ameerika. "
"Muddo ka gaabisan 232 sano oo jiritaankeeda ah ma jirin wax kale oo weel kale oo loo soo bandhigo suurtagalnimada awooda aadanaha ee America. In kasta oo ay jiraan nasashooyin aad u daran, horumarka dhaqaale ee waddankeenna waa mid aad u fiican. "Berkshire Hasshaway, oo leh shirkadaha bulshada iyo tamarta qaybo kala duwan oo dalka ah, ayaa qayb ka mid ah lacag ka mid ah mashaariicda tamarta la cusboonaysiiyo, waxayna sidoo kale fulisaa mashruuc bilyan oo doolar ah oo lagu casriyeeyo khadadka korantada. "Shirkadaha korantada ee dalkeenu waxay u baahan yihiin dib-u-habeyn ballaaran, wadarta guud ee ay noqon doonto mid aad u weyn," Buffett ayaa qoray.
Inuu ku jiro rubuc, Berkshire Hasetaway Prinff (oo ay kujirto dakhli aan macquul aheyn oo laga soo qaatay maalgashiga) ayaa kor u kacay isla 23% marka loo barbardhigo $ 35.8 bilyan. . Faa'iidada hawlgalka ayaa hoos ugu dhacday 9% ilaa $ 21.9 bilyan.
Tarjumay MIKHAIL Overchenko