F-Dialogue x MBA Function 303 | Understanding Value Investing Through Berkshire's 60-Year History
According to the data disclosed in Berkshire's 2024 annual report, Mr. Buffett has achieved an astonishing cumulative investment return of over 55,000 times for Berkshire's shareholders over the past 60 years. When we break down this investment return, we find that during this period, Berkshire has achieved over 10,000 times growth in insurance float, over 10,000 times growth in operating profit, a 95% success rate in acquisitions, a 99% winning rate in stock investments, and a 100% success rate in dealing with financial crises.
On April 26th, CEIBS MBA Programme, in collaboration with FMBA Programme, will host a special event featuring Mr. Roy Wang, a 2011 CEIBS MBA alumnus and founder of Deepthink Information Technology Company, and Mr. Qi Dongchao, a 2014 EMBA alumnus and Chairman of Giant Sequoia Fund. They will interpret value investing from the perspective of Mr. Buffett’s 60 years of operating Berkshire.
Through this event, you will have the opportunity to learn about:
- The business decision-making logic in Mr. Buffett’s operation of Berkshire
- The overall framework of Mr. Buffett's 99% winning rate in stock investments
Event details
Date: April 26, 2025 (Saturday)
Time: 14:00 - 16:30
Location: CEIBS Shanghai Campus or watch online
Co-organisers: CEIBS MBA Programme, CEIBS FMBA Programme
Agenda
| 13:30-14:00 | Registration |
| 14:00-14:05 | Opening Remarks |
| 14:05-14:45 | Keynote Speech 1: Interpreting Berkshire's Development History: What You Pay is the Price, and What You Get isthe Value Speaker: Roy Wang, CEIBS MBA 2011, Founder ofDeepthink Information Technology Company |
| 14:45-15:25 | Keynote Speech 2: The Practice of Value Investing in A and H Shares Speaker: Qi Dongchao, CElBS EMBA 2014, Chairman ofGiant Sequoia Fund |
| 15:25-15:55 | Panel Discussion Moderator Chen Shimin, Professor of Accounting; Zhu Xiaoming Chair in Accounting; Associate Dean (Case Centre), CElBS Panellists: Roy Wang, Qi Dongchao |
| 15:55-16:30 | Interactive Q&A Session |
Featured Speakers
Roy Wang
CEIBS MBA 2011
Founder of Shanghai Deepthink Information Technology Company
Roy Wang is a freelance investor and former Investment Director at Ping An Asset Management’s Direct Investment Department. He has over 20 years of experience across the corporate and financial sectors. A pioneer in Huawei's mobile phone international expansion, he led a five-member team, comprised of graduates from renowned institutions such as CEIBS, Columbia University, and Imperial College London, to complete the first professional translation of the complete collection of "Letters to Shareholders" by Warren Buffett (1965-2024).
Qi Dongchao
CEIBS EMBA 2014
Chairman of Giant Sequoia Fund
Qi Dongchao has over 20 years of experience in the securities industry, having served as an analyst at Haitong Securities Research Institute, and as an analyst, fund manager, and investment director at Huatai-PineBridge Fund Management Co. He has received the "5th China Fund Industry Yinghua Award - Best Investment Manager Award for Private Funds over Three Years" and the "9th Shanghai Securities Journal Golden Sunshine Three-Year Outstanding Private Fund Manager Award."
Dialogue Guest
Chen Shimin
Professor of Accounting;
Zhu Xiaoming Chair in Accounting;
Associate Dean (Case Centre), CEIBS
