Warren Buffett released Saturday his annual letter to shareholders. In it, the CEO of Berkshire Hathaway discussed how he still preferred stocks over cash, despite the conglomerate's massive cash hoard. He also lauded successor Greg Able for his ability to pick opportunities — and compared him to the late Charlie Munger.

Billionaire investor Warren Buffett likened tariffs to an “act of war” and said that over time they will act as a tax on goods.

Warren Buffett is a gifted teacher who explains complex topics in a digestible format. This year he touched on Berkshire Hathaway’s massive cash hoard, among other items.

Warren Buffett, the CEO of Berkshire Hathaway and one of the most successful investors of all time, released his annual letter to shareholders. In the letter, he praised his

So it’s tougher to forecast economic and political trends, and to model investment and business risk based on those expectations, at a time that seems more of a major upheaval than a momentary shift.