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ï»\xBF$ 44.3 billion of cash assets, we also retained after the 2007 operating profit of $ 17 billion. However, by the end of 2009, reducing our cash assets to $ 30.6 billion (8 billion earmarked for the acquisition of railroad Burlington). It should be stressed that Buffett was able to calm such large-scale investment in the crash, the key lies in his firm belief in the value of investments. Buffett later said of his own tactics in the sub-prime crisis period, 'the last two years of real investors is the best investment period, investors fear the atmosphere but is a good friend. Only those made in accordance with market analysts optimistic investors to buy when the evaluation, in order to ensure meaningless pay a serious price too final play a decisive role in the investment is the price you pay and the company in the next decade or two decades the difference between the earnings, whether you are the overall acquisition, or purchase the company's shares only a small part in the stock market. 'China is not optimistic about the long-term potential of heavy short-term time back in August this year, the global stock market collective slump. August devaluation of the yuan accident, the global stock market capitalization of $ 5.7 trillion evaporation, MSCI World Index (MSCIWorldIndex) down over 9%, MSCI Asia Pacific Index (MSCIAsiaPacificIndex) fell over 10%. A shares before and after going two rounds fell. June 15 to mid July, the Shanghai Composite Index fell 32.11%. August 18 ~ August 26, by the devaluation of the RMB, the main stock index fell 26.7%, after the main stock index rebounded slightly and continue to shock. Prev no obvious reversal signals, market sentiment anxious, some of China's bearish hedge funds began to take profits. August Carlyle Group, a hedge fund because of the sharp depreciation of the RMB accident in two days and earned about $ 100 million, which marks a number of bearish Chinese investors began to pay off. In the previous four stocks fell in both calm Buffett bargain-hunting again sound, look more Chinese. Buffett said in a Bloomberg interview that, 'Overall, we are still ahead, China will, too.' For the time devaluation, A-share market decline triggered by the global decline in risk asset prices, Buffett invested entirely in a master to look upon, 'I like the Japanese market fell

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