倭国の“シルクの原点”であり、シルク唯一の
世界遺産・富岡製糸場を保有してきた
片倉財閥の流れを継ぐ「片倉興産」様が
SILK THE RICHにご出資くださいました。

152年続く“本物のシルクの歴史”と、シルクの再定義をし融合。
この瞬間、倭国発の“本物のシルクブランド”が誕生しました。

歴史が、未来と手を取り合う瞬間。
#SILKTHERICH はここから世界へ。🌏

PRTIMES ▶️ https://t.co/ze2hlvwR8O

#シルクザリッチ #片倉興産 #世界遺産 #富岡製糸場 #倭国の誇り #ラグジュアリーブランド #歴史的瞬間 November 11, 2025

特別展：ジョニー・デップ
『A Bunch of Stuff』展
眼は見るだけではない——感じている。
一筆ごとに鼓動があり、一色ごとに告白がある。

このエキシビションはSilk the Rich (@silk_therich)の提供での開催。
公式パートナー:ファミリーマート、Hot Toys、JPS Gallery
@famima_now, @hottoys_japan, @jpsgallery November 11, 2025

Singing surrounded by the rich forest and bamboo groves,
I felt the warmth and shared breath of everyone come together,
turning even the cold air into something gentle,a truly precious moment.

３枚目 空中世界Family 📸
遠いところ参加してくれてありがとう!!
とても心強かった!! https://t.co/WsEKxAe4Ni November 11, 2025

おっ！これは良さげ✨ 新品の「PASTIME FACTORY 38-kt the rich MIYABI」だって！ 誰か買っちゃう前に、私も欲しいなー🤣

PASTIME FACTORY 38-kt the rich MIYABI
https://t.co/GcBKo3pYPp November 11, 2025

范小明：我和巴菲特，第一次在具体交易上达成共识。

Xiaoming Fan: For the First Time, Buffett Reached a Consensus with me a Specific Trade.

真让世人想象不到，刚刚发布最后一封股东信的世界公认投资大师：巴菲特，悄无声息地完成了一次堪称终局之战的布局。

他尚未完全交棒的Berkshire Hathaway公司提交了2025 年三季度的13F文件，披露了过去一个季度的操作和变化之后的持仓。

最重要的信息，或许不是继续减仓Apple的股票，而是基金首次大规模买入Google母公司Alphabet的股票，已建仓市值达到了43亿美元，直接进入基金的前十大持仓股票列表。

To the world's surprise, the globally recognized investment master, Warren Buffett, who has just released his final shareholder letter, has quietly completed a layout that could be described as the "final battle."‌

Berkshire Hathaway, the company he has yet to fully hand over, filed its 13F report for Q3 2025, disclosing the fund's operations and changes in holdings over the past quarter.

The most significant revelation may not be the continued reduction of Apple shares, but rather the fund's first large-scale purchase of Alphabet, Google's parent company, with newly established positions worth .3 billion, directly entering the fund's top ten holdings list.

不管是巴菲特本人做出的投资决策，还是基金分管科技领域投资的投资经理的手笔，以仅次于2016年开始投资Apple股票的力度投资第二家科技公司股票，一定得到了巴菲特的首肯。

所以，我们要思考：在当今AI产业界和美国股市，AI泡沫论甚嚣尘上的背景下，即将退休的投资大师，却逆流而行，他到底看到了什么、在做怎么样的谋划？

如果你跟踪了我的文章1年以上时间，不难发现，他这次投资Google股票，和当初在2016年投资Apple股票，存在诸多相似之处。

2016年时，外界认为Apple进入了硬件创新乏力的状态，移动互联网生态已经发育成熟，无论是智能手机硬件还是互联网应用，都度过了最陡峭的普及阶段，开始进入成熟阶段，因此，Apple的股价，对应的市盈率（P/E）才10倍。

现在回过头去看，2016年的Apple非但不是老态龙钟，反而是喷薄而出的朝阳。

我们无法完全获悉他投资Apple股票时的思路，但是从后来Apple的发展来看，他超越于世人观点的是，Apple的护城河不仅仅是手机硬件，更是包含了iOS操作系统、开发者、应用商店（App Store）、移动支付、云盘存储的生态系统，因此公司能够不断提升无形的服务收入。

卖手机，只是Apple的入门级斧头，掌控移动互联网入口，从而掌握数十亿忠诚用户的心智，才是Apple的三板斧。

Whether the investment decision was made by Buffett himself or by the fund's technology sector investment manager, the scale of this investment in a second tech company—second only to the 2016 Apple investment—must have received Buffett's approval.

Therefore, we must consider: Amid the current AI industry and U.S. stock market, where talk of an "AI bubble" is rampant, what does the soon-to-retire investment master see? What is his grand strategy in going against the tide?

If you've followed my articles for over a year, it's not hard to see that this investment in Google stock shares striking similarities with his 2016 investment in Apple.

In 2016, the prevailing view was that Apple had run out of hardware innovation momentum, and the mobile internet ecosystem had matured. Both smartphone hardware and internet applications had passed the steepest phase of adoption and were entering a mature stage. That's why Apple's stock was trading at a mere 10 times P/E ratio.

Looking back now, Apple in 2016 was far from being an aging giant; it was a rising sun.

While we can't fully know his thought process at the time, in hindsight, what set Buffett apart was his recognition that Apple's moat wasn't just about smartphone hardware—it is the entire ecosystem encompassing iOS, developers, the App Store, mobile payments, and iCloud storage. This allows the company to continuously grow its intangible service revenue.

Selling iPhones is just Apple's entry-level axe. Controlling the mobile internet gateway and capturing the minds of billions of loyal users is the real power behind Apple's three strategic moves.

那么，我们很好奇，终身很少投资科技公司的大师，在2025年的秋季，减仓旧爱，大手笔买入新欢，他是看到了Google公司身上什么样的潜力？

2023年ChatGPT横空出世以后，Google就一直处于看贬的位置。

传统搜索引擎会被AI颠覆掉；

Google涉嫌垄断被美国司法部起诉后将会被联邦法院判决拆分；

Gemini 技术和产品，在ChatGPT面前步步落后……

直到2025年的8月初，股票市场和AI领域才突然意识到，不会被拆分的Google，不仅在AI的帮助下扩大了搜索引擎的市场规模，其在AI领域的全栈布局能力，已经使得Google站到了最有利的位置：

完全自主研究的张量处理器TPU，不仅使得Google不必完全依赖NVIDIA的芯片，还能有余力供应其他科技公司；

数据中心、云服务在AI的加持下，奋起直追，增速远超市场份额暂时全球第一的Amazon云业务的增速；

Gemini 大模型不仅技术处于前二位置，产品迭代能力也让人看到了第二春：将Google Maps地理数据注入，使得AI具备空间感知能力；Nano Banana产品重塑AI作图新纪元……

当初为了Search Engine和长视频业务，积累的海量互联网页高质量数据、YouTube长视频数据，构成了训练AI模型的燃料，并且Google改一个网页搜索的参数就能断掉无数AI同行的数据燃料来源；

AI不仅在Gemini App上呈现，还融入了Search、YouTube、Gmail、Docs、Sheets、Cloud、Android操作系统、Maps，不缺使用场景、不缺商业化变现手段，生态沃土上插根扁担就能长出花。

AI时代，以NVIDIA为代表的半导体公司喝到了头啖汤，互联网巨头公司们的巨额资本支出将NVIDIA市值捧到了5万亿美元市值。

那么，在未来的AI应用时代，Google将凭借AI生态基座和全栈式、平台级能力，俘获最大的一块红利蛋糕。

So, we're curious: what potential did the master, who has rarely invested in tech companies throughout his career, see in Google that prompted him to reduce his position in his "old love" and make a significant investment in his "new favorite" during the autumn of 2025?

Ever since ChatGPT emerged in 2023, Google has been in a position of skepticism.

the traditional search engine would be disrupted by AI;

Google, accused of monopoly, would be broken up by a federal court after being sued by the U.S. Department of Justice;

Gemini's technology and products were falling behind step by step compared to ChatGPT...

It wasn't until early August 2025 that the stock market and the AI field suddenly realized that Google, which would not be broken up, had not only expanded the market size of its search engine with the help of AI but had also positioned itself in the most favorable position in the AI field with its full-stack layout capabilities:

the fully self-developed Tensor Processing Unit (TPU) not only frees Google from complete reliance on NVIDIA's chips but also leaves it with the capacity to supply other tech companies;

data centers and cloud services, empowered by AI, are catching up rapidly, with growth rates far exceeding those of Amazon's cloud business, which temporarily holds the top global market share;

the Gemini large language model is not only technically in the top two positions but also demonstrates a second spring in product iteration capabilities—infusing Google Maps' geographic data to give AI spatial awareness, and the Nano Banana product redefining the new era of AI-generated images...

the vast amounts of high-quality internet page data accumulated for the search engine and long-form video business, along with YouTube's long-form video data, become the fuel for training AI models. Moreover, Google could cut off the data fuel source for countless AI competitors simply by adjusting a parameter in its web search.

AI is not only present in the Gemini App but is also integrated into Search, YouTube, Gmail, Docs, Sheets, Cloud, the Android operating system, and Maps—no shortage of use cases or commercialization methods. On this fertile ground, a stick planted in the ground would blossom.

In the AI era, semiconductor companies like NVIDIA have reaped the first-mover benefits, with the massive capital expenditures of internet giants propelling NVIDIA's market capitalization to trillion.

Then, in the upcoming era of AI applications, Google will capture the largest share of the benefits with its AI ecosystem foundation and full-stack, platform-level capabilities.

当市场上许多人还在为AI泡沫论忧心忡忡时，当思想陈旧者对Google的印象还停留在旧时代叙事时，投资大师已经向我们证明了：

他的身体正在老去，但是思想依然会有超前的洞见。

While many in the market are still anxiously debating the "AI bubble" and those with outdated perceptions of Google remain stuck in old narratives, the investment master has demonstrated to us:

His body may be aging, but his mind still possesses forward-looking insights.

我从2019年开始的绝大多数时候，对跟踪纳斯达克100指数的ETF投资。比如中国市场的纳指ETF（513100），美国市场的QQQ，有时候会使用融资手段。

从2024年9月份开始，我多次买入Google股票，以及2倍做多Google的杠杆品种。

此外，我还投资过NVIDIA股票、2倍做多Meta的杠杆品种。

在2025年第三季度结束后，我等来了和世界公认投资大师在Google股票上的汇合。

这是我和巴菲特，第一次在具体交易上达成共识。

虽然这一天来得有点晚，但是我有一种强烈的预感：

巴菲特在2025年第三季度对Google股票的落子，将和他2016年开始在Apple股票上的宏大布局一样，不仅会给Berkshire Hathaway基金带去惊人的回报率，也会向世人证明，巴菲特并非不擅长科技投资，而是总是在等待最确定性的机会、最丰厚的价值回报。

I have been predominantly investing in ETFs tracking the NASDAQ 100 Index since 2019, such as the NASDAQ ETF (513100) in the Chinese market and the QQQ in the U.S. market, occasionally using leverage instruments.‌

Since September 2024, I have made multiple purchases of Google stock, as well as 2x leveraged long positions on Google.‌

Additionally, I have invested in NVIDIA stock and 2x leveraged long positions on Meta.‌

After the conclusion of the third quarter of 2025, I finally converged with the world-renowned investment master on Google stock.‌

This marks the first time I have reached a consensus with Buffett on a specific trade.‌

Although this moment arrived somewhat late, I have a strong intuition that:‌

Buffett's move on Google stock in the third quarter of 2025 will be as significant as his grand layout on Apple stock since 2016.‌

It will not only bring astonishing returns to the Berkshire Hathaway fund but also prove to the world that Buffett is not incompetent in technology investments; rather, he always waits for the most certain opportunities and the richest value returns.‌ November 11, 2025

歌を練習する機会が増えてここ1年は邦楽ばかり聴いてましたが、たまに洋楽を聴くと私はソフトロックが大好きだなとつくづく思います😌
Sixpence None the Richer/I Can't Catch You
https://t.co/pn06snAxbB November 11, 2025

好き
The Richman Toy - ติ๋ม (From “The Baking Room”) [Official Video]
https://t.co/5q7V9E2u3e November 11, 2025

わぁ、38灯のMIYABI黒が出てる…欲しいなぁ✨
あの灯りが夜を粋にしてくれそうで羨ましい限りですわ

38-kT THE RICH classic100 38灯 ミヤビ MIYABI
https://t.co/rOwZ8SD3Qi November 11, 2025

@K_Joe0719 kuさん、ありがとう😊
家族の一員だもんね☺️
いつまでも元気でいて欲しいよ🥰
エアロスミスクイズ‼️
起きれた？？🤣
今日はEat The Richだったよ！
kuさんはお手のものだと思う😄 November 11, 2025

#朝リズム

AeroSmithクイズ

ぶんやさん
きゅ、90年代ものでした〜🙌
見事に規則性がありました〜
志穂さんも、ありがとうございました〜

Eat the Rich(1993年) November 11, 2025

エアロくいず
　リクエストしたいくらい好きな曲
　　いぃ〜と！！座頭市😆
#朝リズム
Eat The Rich https://t.co/NXAYqJqFXv November 11, 2025

この新品のMIYABI、リッチでゆめ欲しいな～🥺 すぐ売れちゃうかも。

PASTIME FACTORY 38-kt the rich MIYABI
https://t.co/0cqaFe6Jde November 11, 2025