下一个，我们有伯克希尔·哈撒韦。我们在财报发布后最近做了几期视频。我说过，如果我持有伯克希尔，我会卖出，但作为长期投资，伯克希尔将会兑现承诺。这就是为什么我把它放在与美国国债相似的位置，但风险要小得多，或者几乎没有风险。
我知道无论发生什么，伯克希尔都会实现其6%的长期回报。如果有通货膨胀，伯克希尔是一家受保护的企业。会有起伏，会有保险问题等等。这就是我说不买的原因。我现在会卖出，然后在它估值更合理时再买回来，因为伯克希尔所有的好消息现在已经反映在价格中了。
所以长期来看它会带来不错的回报，但不是极佳的回报。
Next one, we have Birkshshire Hatway. We did a few videos recently after the earnings. I have said that if I would own Birkshshire, I would sell but Birkshshire as a long-term investment will deliver. And this is why I put it at similar to the US Treasury, but much less risk or practically no risk. I know that Bergkshire will deliver its 6% long-term return no matter what happens. If there is inflation, Berkshire is a business protected from them. There will be ups and downs, insurance issues, things like that. That's why I'm saying I'm not buying it. I would sell it now and then when it gets more fairly valued because all the good that Bergkshire has is now priced in. So long-term will deliver a good return but not a great return.
从价格角度看，伯克希尔有风险吗？在中短期内，是的。从长期来看，你知道在当前价格下你能从伯克希尔得到什么。迟早，你会获得那5-6%的长期回报。至于你是否需要等待10年还是20年，这是我不知道的。
Is Birkshshire risky from a price perspective? In the short to medium term, yes. In the long term, you know what you get with Birkshshire at the current price. Sooner or later, you will get that five six% long-term return. Whether you will have to wait 10 or 20 years, that's something I don't know.