"Warren Buffett Reflects on Berkshire's Performance and Charlie Munger's Legacy"

Warren Buffett reassures investors about Berkshire Hathaway's long-term prospects while mourning the passing of Charlie Munger, emphasizing the company's resilience and caution in the face of market excess. Buffett downplays expectations for "eye-popping" performance due to Berkshire's immense size and limited opportunities for significant growth. The annual letter also highlights the record financial results for 2023 and the readiness of Greg Abel as Buffett's successor. Munger's significant influence on Berkshire's success is acknowledged, and the letter underscores the company's ability to withstand economic challenges and stick to its core businesses.