China News Service Client Beijing, April 18 (Xie Yiguan) In the epidemic, the global capital market opened a "roller coaster" market, which tested the psychological endurance of thousands of investors, and also tested the decision-making power of the capitalists.

　　For example, Buffett and Sun Zhengyi, the big names in the global investment community, one focused on the secondary market and one focused on the primary market. This year has been a bit miserable.

Data map. Drawing: Wang Shanshan

Buffett's "high-absorption and low-throw" loss of more than 100 billion

　　"One day, Buffett walked on the street, suddenly snapped, fell, and fell into Baylet." In 2020, Buffett suddenly lived into a paragraph. Why is Buffett called a "leek" by netizens? This stems from Buffett's recent "high-absorption and low-throw" operation.

　　When US stocks began to plummet on February 27, Buffett's Berkshire Hathaway bought 976,000 shares of Delta Air Lines at an average price of $ 46.40.

　　At the beginning of April, Buffett sold 6 129.862 million shares of Delta Air Lines in the price range of 22.96-26.04 USD / share through 6 reductions, about 314 million USD. If this investment is calculated at the average sale price of $ 24, Buffett's loss is nearly 50%.

　　The same operation happened to New York Mellon Bank stocks.

　　On March 3, Berkshire Hathaway increased its holdings to the Bank of New York Mellon (average price of $ 39.69 on that day), and held 89 million shares of Bank of New York Mellon after the increase. From April 7th to 8th, Berkshire Hathaway reduced its total holdings of 869,100 shares of Bank of New York Mellon at a price of $ 35.3-35.8, and the shareholding ratio fell to less than 10%. Based on the average price, the value of the stock reduction is about $ 30.9 million. According to a rough calculation, this reduction transaction is about US $ 3.6 million in losses.

　　Buffett has always favored "long-term investment", and banks have always been Buffett's heavyweight sector. In an interview at the end of February, he also said: "I feel very good about the banks we own. Compared to most other securities I have seen, they are very attractive.

　　This time, many times in a short period of time, "absorb high and sell low", completely incompatible with its investment style, so what is Buffett thinking?

　　International financial planner Matthew Frankel said that the reduction of these shares only accounts for a small part of the company's aviation investment, which may be for regulatory reasons only. "Any publicly listed company with more than 10% will become a regulatory burden."

　　Although Buffett's reduction may just evade supervision. But rough statistics show that as of April 11, Berkshire Hathaway had lost 46.5 billion U.S. dollars in stock, which was converted into RMB 325.5 billion, accounting for 19% of its stock positions.

　　Berkshire Hathaway ’s 2019 three quarterly report shows that its cash reserves are $ 128 billion. "Berkshire owns cash and a large amount of tangible assets (when appropriate) to purchase non-performing assets with real underlying value." Nick Schrock, founder of Elementl, predicted.

　　Perhaps looking back in the future, I will sigh: Ginger is still old and spicy.

Data map: Li Ka-shing. China News Agency reporter Zhang Weishe

"Others fear me greed", Li Ka-shing and his son earned more than two billion Hong Kong dollars

　　In contrast, Li Ka-shing contributed a wave of "bottom bargaining" operations when the group's stock price plummeted.

　　Facing the turbulence in the global capital market, the Hong Kong Hang Seng Index performed poorly this year. As of April 16, this year has fallen 14.84%. On March 18 and 19, the Hang Seng Index plunged for two consecutive days, and once dropped to 21139.26 points.

　　The stock prices of Cheung Kong, Changhe and other companies owned by Li Ka-shing and his son also fell. As of March 19, CKH Holdings fell 38.9% compared with the beginning of the year; CKH Holdings fell 38.5% compared with the beginning of the year. According to media reports, as of March 23, Li Ka-shing's wealth has shrunk by more than 100 billion Hong Kong dollars.

　　On March 20, the Hurun Research Institute released the Hurun Global Real Estate Rich List in 2020. Xu Jiayin, the founder of Evergrande Group, became the richest person in the world with a net worth of 231 billion yuan. Li Jiacheng, 92, ranked second with a net worth of 200 billion yuan. .

　　Faced with the "endless" stock price, Li Ka-shing and his son began to increase their holdings frequently.

　　On April 16, Cheung Kong Group announced that on April 8, senior consultant Li Ka-shing and chairman Li Zeju of the Changhe Department, through the Li Ka Shing (Global) Foundation, purchased a total of 505,000 shares of Cheung Kong at an average price of 45.7826 Hong Kong dollars per share. The amount is 23.12 million Hong Kong dollars. In addition, the Li Ka-shing Foundation purchased Changhe 577,000 shares at an average price of 57.7456 yuan per share on April 14 at a cost of 33.32 million yuan.

　　Since the increase in holdings on March 20, Li Ka-shing and his son have increased their holdings of Cheung Kong stocks 11 times and their holdings of Changhe stocks 4 times in the past month.

　　As of April 16, Li Ka-shing's father and son accumulatively increased 1.5285 million shares of Changhe Group, with an increase of 7.89 million Hong Kong dollars; increased the holding of 20.535 million shares of Changshi Group, with an increase of 801 million Hong Kong dollars.

　　At present, Li Ka-shing's interest in Changjiang Industry has increased to 34.50%; Li Zeju has increased to 34.57%. In addition, Li Ka-shing's interest in Changhe increased to 30.15%; Li Zeju increased to 30.22%.

　　The increase in shareholders and executives conveyed confidence to investors. Since March 19, as of April 16, Cheung Kong's share price has increased by HK $ 12.75, Li Ka-shing and his son have increased holdings of Cheung Kong floating profit of 267 million Hong Kong dollars;

　　This also means that in the past month, Li Ka-shing's father and son have gained 274 million Hong Kong dollars in shares of Changhe and Cheung Kong stocks. Li Ka-shing only increased these two companies, and the net worth of individuals increased by 29.44 billion Hong Kong dollars.

Data Map: Sun Zhengyi, Chairman of Japan Softbank Group. China News Service issued by Li Chenyun

Investment company "thunder", Sun Zhengyi pledged 60% of Softbank shares

　　During the epidemic, the bigwigs were more miserable than Sun Zhengyi, chairman of Softbank Group.

　　On April 13, the Softbank Group issued a performance report. As of the end of March, the company is expected to experience an operating loss of 1.35 trillion yen (about 12.5 billion US dollars), and a net loss of 750 billion yen (about $ 7 billion). This is Softbank ’s largest annual loss since its listing in 1994 and the first annual net loss in nearly 15 years.

　　Softbank said that the huge loss was mainly due to the huge loss of 1.8 trillion yen (about 16.7 billion US dollars) in the investment of its SoftBank Vision Fund in fiscal 2019.

　　As the world's largest venture capital foundation, the Vision Fund has an unprecedented scale of 100 billion US dollars, and every shot is generous. However, huge bets failed to obtain excessive returns. The U.S. companies such as Uber and WeWork invested in the "thunderstorm." On March 27, Oneweb, a space internet company invested by Softbank, filed for bankruptcy.

　　Sun Zhengyi said in an interview recently that with the epidemic raging around the world, at least 15 of the 88 companies invested by the Vision Fund will go bankrupt.

　　According to Japanese media reports, Softbank Group is freezing its "Vision Fund Phase II" and is temporarily not making new investments. A SoftBank executive said that the fund has been unable to raise sufficient funds from outside and has been using its own funds as alternative funds. It has now decided to set aside.

　　Sun Zhengyi has always been known for "smart eyes on Ali", and his investment in Ali has always been regarded as its most successful investment. However, in recent years, Sun Zhengyi has invested heavily in the "betting treasure" field and has suffered heavy losses.

　　Investment failure combined with the impact of the epidemic, from March 11th to 19th, Softbank's stock price continued to plummet.

　　Under such circumstances, the former richest man in Japan also began to lack money. According to foreign media reports, Japanese securities filing documents show that as of March 19, of the 462 million SoftBank stocks directly controlled by Sun Zhengyi, the total number of stocks pledged to lenders climbed to 280 million shares, and the equity mortgage ratio increased from 6 48% of the monthly increase to 60%, in order to obtain billions of dollars in personal loans.

　　To ease investor concerns, on March 23, Softbank announced a stock repurchase plan worth about $ 41 billion, which involves the sale of some assets to support Softbank ’s share price and reduce debt. According to foreign media reports, people familiar with the matter said that SoftBank plans to sell Alibaba shares worth about $ 14 billion.

　　However, although the capital tycoons suffered heavy losses in this epidemic, the latest Forbes Global Rich List 2020 shows that Warren Buffett ranked fourth with a wealth of $ 89.4 billion, and Li Ka-shing with a wealth of $ 28.3 billion Ranked 36th, Sun Zhengyi ranked 47th with a wealth of 22 billion US dollars.

　　Netizens sighed: Big Brother is still Big Brother after all! My ranking is still so stable. (Finish)