The 94-year-old Buffett also acknowledged his advanced age in his annual letter, telling shareholders he now uses a cane and will spend less time fielding their questions at Berkshire's annual meeting in May.

In his annual letter to shareholders Saturday, Warren Buffett celebrated the successes of Berkshire Hathaway's companies last year and in the 60 years since he took over a struggling New England textile company and began converting it into a massive conglomerate while offering some advice to President Donald Trump.

Warren Buffett disclosed in his annual letter to Berkshire Hathaway shareholders that “it won’t be long” until he is succeeded as CEO by Greg Abel, who runs the company’s energy division. Buffett, 94,

Warren Buffett's latest letter to Berkshire Hathaway shareholders offered reflections on mistakes at the company, its growing cash pile, and outlined a slightly revamped annual meeting set for May.

Billionaire Warren Buffett is viewed as one of the world’s greatest investors, so his annual letters to Berkshire Hathaway shareholders are always read closely for lessons.

Warren Buffett's Berkshire Hathaway on Saturday reported fourth-quarter operating earnings that surged more than 70% year-over-year.

Warren Buffett celebrated Berkshire Hathaway's record income tax payment and shared that he is now using a cane in his annual letter to shareholders.