What Buffett Doesn’t Say. It’s hard to tune out even if you want to. Yet, here’s Buffett – the master of taking the long view – ignoring it all. Or at least not writing

Billionaire Warren Buffett is viewed as one of the world’s greatest investors, so his annual letters to Berkshire Hathaway shareholders are always read closely for lessons.

Warren Buffett explained why Berkshire Hathaway will always prefer equity investments to cash, why the firm's investments in Japanese conglomerates is likely to increase, and the traditions he expects the company's future leaders to uphold.