In Warren Buffett's annual letter to shareholders, the Oracle of Omaha praised his old friend and Berkshire Hathaway partner <a href="https://www.foxbusiness.com/business-leaders/charlie-munger-friend-business-partner-warren-buffett-dead" target="_blank">Charlie Munger</a> who passed away in November at age 99. Buffett also had some choice words for states drowning in regulatory red tape which is hurting some of his holdings.&nbsp;

<thead><tr><th class="ticker">Ticker</th> <th class="security">Security</th> <th class="last">Last</th> <th class="change">Change</th> <th class="percent">Change %</th></tr></thead> <tbody><tr><td class="ticker"><a href="/quote?stockTicker=BRK.A">BRK.A</a></td> <td class="security">BERKSHIRE HATHAWAY INC.</td> <td class="last">623,146.45</td> <td class="change neg">-5,783.73</td> <td class="percent neg">-0.92%</td></tr><tr><td class="ticker"><a href="/quote?stockTicker=BRK.B">BRK.B</a></td> <td class="security">BERKSHIRE HATHAWAY INC.</td> <td class="last">413.67</td> <td class="change neg">-3.76</td> <td class="percent neg">-0.90%</td></tr> <tr><td colspan="5" class="sponsored-by-td"></td></tr></tbody>

Following robust quarterly results and a record $167 billion in cash the conglomerate is moving closer to $1 trillion in market value.

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Warren Buffett's annual letter to shareholders was more personal than years past following the passing of his partner Charlie Munger but it also contained investment tidbits that investors crave.{ai:summary}<p>Warren Buffett praises late partner Charlie Munger in annual letter; criticizes regulatory red tape. Berkshire Hathaway nearing $1 trillion market value. #economy</p>

Warren Buffett's annual letter praises Munger, slams regulation

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