Sino-Singapore Jingwei Client, June 17 (Wu Yihan) In the morning of June 17, a Buffett retirement letter was widely spread on the Chinese social network platform.

  The letter said that Buffett and Charlie considered the Berkshire Hathaway successor plan together. Because the company's unsatisfactory performance over the past decade and the mistakes made in recent months show that the company has to make huge changes. After much consideration, Buffett decided to invite DDTG's David Scott Portnoy to take over as chairman of the board.

  In the letter I also wrote in the tone of Buffett, I have never seen an investor like Portnoir who has a natural intuition and understanding of the market. I fully believe that he can improve Berkshire Hathaway’s legacy and lead We are moving towards a brighter future.

  Photo by Wu Yihan, the new latitude and longitude in the data map

  However, Sino-Singapore Jingwei checked Berkshire Hathaway's official website and the website of the US Securities and Exchange Commission and found that Berkshire Hathaway has not released an announcement about Buffett's retirement. In addition, no relevant news has been issued from the mainstream financial media worldwide.

  It is worth mentioning that the Buffett successor mentioned in the handwriting letter is exactly the same name as the American Internet celebrity David Scott Porter Noir, who has more than 1.5 million followers on Twitter. Founder of Barstool Sports, a sports and pop culture review website. It happened to have a live broadcast program called Davey Day Trader Global (DDTG) on Twitter.

  Despite naming his live broadcast as Davey Day Trader Global, David Scott Portnoir stated on his Twitter profile that he is not a financial advisor. Audiences should not trust their recommended stocks. The content of the show is also more ridiculous and commentary by Porter Noir on current affairs. In a live broadcast, David Scott Portnoy once teased Buffett: "I admit that he is a great man, but he is exhausted in the stock market, and now I am the captain."

  Since the beginning of this year, the US stock market has continued to oscillate and has gone out of the market. In recent months, Buffett's twice-slapped operation in the capital market has become a hot topic in the market.

  In the first quarter of this year, Buffett bought aviation stocks, but since then, with the impact of the new coronary pneumonia epidemic, aviation stocks have suffered a serious setback. Berkshire Hathaway’s first quarter position report on May 15, 2020 shows that Buffett has cleared all aviation stocks. In addition, at the May 2020 general meeting of shareholders, Buffett once expressed optimism about bank stocks, but the above-mentioned first quarter position report shows that Berkshire Hathaway sold more than 10 million shares of Goldman Sachs in the current period. And 1.8 million shares of JPMorgan Chase stock.

  Wind data shows that since February 21, 2020, Berkshire Hathaway's stock price has continued to fall. As of the close of June 16, Berkshire Hathaway reported $182.30 per share. Compared to the closing price of February 21, $229.33 per share, Berkshire Hathaway’s share price has fallen by 20.51%. The market value has evaporated by nearly 65 billion US dollars.

  According to the Bloomberg Billionaires Index, Buffett’s personal wealth has decreased from US$89.3 billion at the beginning of the year to US$72.9 billion at the end of May, a decrease of US$16.4 billion in 2020. (Sino-Singapore Jingwei APP)

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