Reported about 8 hours ago
Warren Buffett, chairman of Berkshire Hathaway, cautioned Washington to spend wisely while announcing the company's record annual profit of $89 billion and cash reserves of $334.2 billion. In his letter to shareholders, he emphasized the need for stable currency and support for those less fortunate, while also revealing plans to increase investments in five Japanese trading houses. As he approaches his 60th year leading Berkshire, Buffett acknowledged his age and noted he's planning to relinquish some responsibilities to Vice Chairman Greg Abel.
Source: YAHOO