"Warren Buffett's Annual Letter: Insights on Investing and Business Partnerships"

Warren Buffett, in his annual letter to shareholders, credited his late partner Charlie Munger with being the architect of Berkshire Hathaway and warned investors against heeding Wall Street pundits' advice to trade often. He emphasized Berkshire's stability as a long-term investment and praised Munger's role in shaping the company. Buffett also discussed the performance of Berkshire's businesses and investments, urging investors to focus on operating earnings rather than bottom line figures influenced by investment values.