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Warren Buffett describes a great 'American Tailwind' in annual letter — here are the highlights

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These are the best bits of wisdom and insight from this year’s letter.
The most widely anticipated shareholder letter on Wall Street was released on Saturday.
Warren Buffett discussed many topics including Wall Street’s obsession with quarterly results, Berkshire Hathaway’s $112 billion cash pile and what he wants to do with it, his first stock purchase, the dangers of too much debt, and what he sees as the biggest risks ahead.

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