From Yahoo Finance:

Warren Buffett’s annual letter to shareholders pays tribute to Charlie Munger, who passed away. Munger was praised for being the “architect” of Berkshire Hathaway Inc, while Buffett acted as the “general contractor”. Buffett warns of lackluster performance due to limited acquisition targets and issues caution about the stock market’s current state. The letter emphasizes the importance of owning businesses with enduring economics. Berkshire Hathaway’s cash pile hit a record high of $167.6 billion, but major acquisitions have been challenging to secure. Buffett reflects on the evolution of Wall Street and market behaviors.



Read more at Yahoo Finance: Warren Buffett’s best insights in this year’s letter to shareholders