Sina Finance News The Berkshire Hathaway Shareholders' Meeting, which global investors are concerned about, was held in Omaha, Nebraska. Sina Finance spoke with Amy Zhang (Amy Zhang), Executive Vice President of Alger Asset Management, at the shareholders' meeting.
Amy Zhang told Sina Finance in an interview that the Palestinian heritage plan was a special success. He has done a lot of planning and preparation, so he should be able to make a smooth transition.
In addition, she said that Friday's non-farm payrolls data is very good for the market, because wage growth is weaker than expected amid inflation, which is a big plus. It is very likely that the Federal Reserve will cut interest rates at least once this year.
(Sina Finance North America Webmaster Kang Lu Sandra from Omaha, USA)
Here's a transcript of the interview:
Sina Finance: Can you tell us how many times you have visited Buffett's shareholders' meetings this year, and what kind of special feelings have you had this year?
Amy Zhang: This is my 20th year here to attend a shareholders' meeting. I still feel quite sad this year because it is the first time that Cha Lao is gone, so Cha Lao had a profound impact on Berkshire Hathaway's success. Fortunately, Ba Lao's succession plan was particularly successful. He made a lot of plans and preparations, so I think it should be a relatively smooth transition to this inheritance plan.
Sina Finance: What are your new observations on the new changes in the US market? And then are there any new expectations about the Fed's next move?
Amy Zhang: Today's non-agricultural data is critical. It's very good for the market. Because of that inflation, the most sticky wage growth rate is weaker than expected, so this is a big positive message, so I personally think it's very likely that the Federal Reserve will cut interest rates at least once this year.