Jonathan Levin, Columnist

Buffett Offers a Recipe for What Makes America Great

Paying taxes is patriotic. Investing is all-American (but beware of scoundrels). And a stable dollar is essential.

February 22, 2025 at 6:51 PM UTC

Jonathan Levin is a columnist focused on US markets and economics. Previously, he worked as a Bloomberg journalist in the US, Brazil and Mexico. He is a CFA charterholder.

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Berkshire Hathaway Inc. released its latest shareholder letter Saturday, and the content is — by and large — the usual timeless Warren Buffett fare. The Oracle of Omaha touches on the importance of corporate transparency; his faith in his designated successor Greg Abel; and the company’s extraordinary $47.4 billion of operating earnings in 2024. But at a time of wild policy upheaval, it’s hard not to also see crumbs of advice for President Donald Trump.

Here are a few ideas that stand out.