This transcript has been automatically generated and may not be 100% accurate.
… Warren Buffett’s annual letters to his Berkshire Hathaway shareholders are always among the most widely read in the business world … his latest release our days didn’t even more attention … than five decades in the making … it was in nineteen sixty five Mr. Buffett is vice chairman Charlie Munger to go over trouble Textil company called Berkshire Hathaway … and began transforming it into the massive conglomerate it is today … so when his latest letter … the local Omaha look back over how he pulled it off … with some timely investments in stocks and the acquisition of insurance companies … he looked forward to next fifty years perhaps the biggest news in a letter K for Mr. Munger … used as part of the letter to drop the biggest ever about who could eventually replace Mr. Buffett … Berkshire shareholders and buff Intelligencer say is present a key insurance Lieutenant Ajit Jain … and top utility executive Greg able to use them as the clear favourites … monger said that uses the Better Business executive nonprofits … for his part … Buffett in his letter mounted a spirited defense of departures conglomerate structure … laying out all the arguments why it would work so well … as a massive collection of businesses … should be broken apart … is one of several ways to be appeared to be writing not just for readers today prefer purser leaders of shareholders in the decades to come … still he warned that regulators as opposed to say activist investors … could force Berkshire to sell or spin off … parts of its business in the future … of but also touched on the payment of dividends which is a better topic near and dear to some smaller Berkshire shareholders … his mom said that Berkshire whenever anyone in his lifetime … but its adjusted Saturday … it might be appropriate some point ten or twenty years in the future because the company will simply have … way too much capital and not enough places to spend … clearly a nice problem to have … overall … the tone the weather was one of optimism … Mr. Buffett clearly felt confident about where his company is at where the country’s at … and where they’re both headed … America’s best days lie ahead he wrote … and as for Berkshire … our ambitions he wrote … have no finish line …
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