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.

COLUMN. In his annual letter to shareholders published on Saturday, the Berkshire Hathaway boss urged the US president to spend government money 'wisely,' and warned him of the inflationary crisis that could result from his policies,