Buffett defends investments in stocks, which fueled record Berkshire profit

Buffett made his assessment in his annual letter to Berkshire shareholders, where the 89-year-old also assured that Berkshire is “100% prepared” for the eventual departures of himself and Vice Chairman Charlie Munger, 96. Berkshire also reported record net income for the year of $81.42 billion, reflecting enormous gains in its common stock holdings, though operating profit fell 3%. The annual letter has long been eagerly awaited by investors and fans for its straight talk about Berkshire, the economy, investing and other topics. …read more

Source:: Yahoo Finance