
What’s Missing From Warren Buffett’s Annual Letter
Berkshire Hathaway CEO Warren Buffett. Paul Morigi/Getty Images for Fortune/Time Inc. The highlight of Warren Buffett’s annual shareholder letter was his discussion of Berkshire Hathaway’s stepped-up stock-buyback activity, which totaled $9 billion in each of the final two quarters of 2020 and $24.7 billion for