When Warren Buffett, one of the most well-respected investors on the planet, speaks (or writes), people pay attention. And since the 92-year-old CEO of Berkshire Hathaway rarely has time for interviews these days, his annual letter to the shareholders of his mega conglomerate is a big event on Wall Street.
Known for his love of teaching, Buffett typically uses his letter not only to discuss Berkshire’s performance, but also to advise younger investors, break down key themes in markets, and sometimes criticize the misbehavior of CEOs. This year’s letter was no different, as the nonagenarian began the 11-page brief with a brief monologue on changing attitudes about saving and generational wealth.
