Sharing Knowledge in Smallcaps

[BullNBear52]

Warren Buffett sends his annual letter.
Warren Buffett’s annual letter to Berkshire Hathaway’s shareholders has become one of corporate America’s most combed-over dispatches. For more than 50 years, Mr. Buffett’s letter has not just expounded on the conglomerate’s performance but also dispensed investment advice, folksy wisdom and a few corny jokes. The latest missive arrives on Saturday. Last year, Berkshire Hathaway’s insurance business was hit by hurricanes Harvey, Irma and Maria and an earthquake in Mexico. The company also made another bet on the United States economy with its purchase of a nearly 40 percent stake in Pilot Travel Centers, a truck stop operator. But investors will also be looking for any further discussion of succession after Berkshire Hathaway promoted Gregory Abel and Ajit Jain to oversee the company’s many and varied businesses. Stephen Grocer

https://www.nytimes.com/2018/02/18/business/walmart-warren-buffett.html?