Berkshire Hathaway's latest financial report has sparked widespread discussion in the market. While some question whether Buffett has lost his investment magic due to his advanced age, the reality is quite the opposite. Even at over ninety years old, Buffett's mental agility displayed at the shareholders' meeting remains astonishing, far surpassing that of many younger investors.

Warren Buffett's investment philosophy has always been known for its stability. This conservative strategy may have caused him to miss out on some opportunities presented by tech stocks, but it has also helped him successfully avoid numerous black swan events and financial crises over the past sixty years.

The latest financial report shows that Berkshire holds a large amount of cash, reflecting Buffett's cautious attitude towards the current economic situation. Although the previously concerning trade tariffs have become a reality, the main uncertainty in the market currently comes from the progress of the China-U.S. economic and trade negotiations.

Looking back at the last round of trade friction, the Bitcoin and other digital asset markets experienced nearly half a year of sluggishness. If the US and China fall into disputes again, it could create new shocks to the global financial markets.

Buffett's investment strategy once again proves that maintaining a prudent attitude and sufficient liquidity is a wise choice when faced with a complex and changing international economic environment. This not only reflects his deep insights into the market but also highlights the importance of managing risk during uncertain times.