Warren Buffett's annual letter to shareholders - Yahoo Finance's top 3 takeaways

We're on Buffett's annual shareholder letter is out. Here are three top takeaways from the Yahoo Finance team. First up, a call to action to all humans start saving money. Buffett says this, it is those dedicated savers that are forefront in my mind. As I write this letter, he adds, Charlie and I are not stock pickers. We are business pickers telling people to save money and maybe they're listening. The US savings rate is now at a one year high at about 4.

7%. I think Buffett wants to see them in higher. Takeaway number two, investing school is in no session. Again, no surprise here in the Warren Buffett annual shareholder letter. Buffett noting this saying, quote, the lesson for investors. The weeds wither away in significance as the flowers bloom. Over time, it takes just a few winners to work wonders.

And yes, it helps to start early and live into your 90s as well Warren Buffett, 92 years old, his longtime partner, Charlie Mugger, 99 years old, Warren Buffett saying, if you want to be a successful investor, invest for the long term. No surprise, that's typical Warren Buffett being Warren Buffett. Takeaway number three here, a message or messages to all politicians here. Warren Buffett taking some jabs at folks in DC, noting this, Berkshire also offers some modest protection from runaway inflation, but this attribute is far from perfect. Huge and entrenched fiscal deficits have consequences. Interesting take there from Buffett. Buffett also says, really tries to, I think champion stock repurchases, saying repurchases, those that tell people that repurchases are harmful to shareholders or to the country are particularly beneficial to CEOs.

You're listening to either an economic illiterate or a silver-tongued demagogue. So Warren Buffett taking some swings at politicians. What we did not hear in this letter, no succession plan, Warren Buffett and Charlie Margaret will be at that May 5th to May 6th annual shareholder meeting in Omaha. There's an iconic.

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