"Berkshire Hathaway's Record Profits and Buffett's Critique of Stock Market Gamblers"

Warren Buffett's annual letter to shareholders paid tribute to his late business partner Charlie Munger, highlighted Berkshire Hathaway's major investments, and expressed frustration with the difficulty of finding significant acquisitions due to the company's immense size. He criticized stock-market speculators, dismissed Wall Street forecasters, and praised long-term investing while questioning the behavior of today's markets. Buffett also pondered the remarkable success of individuals from his hometown of Omaha, Nebraska, and humorously speculated about the reasons behind it.