The following video is part of our "Motley Fool Conversations" series, in which consumer goods editor/analyst Austin Smith discusses topics across the investing world.

In today's edition, Austin goes over the three biggest things that stood out to him from the Berkshire Hathaway annual letter to shareholders. Of course, there is far more to be learned from this letter, but Austin talks about the three most important to him. Watch the video below to learn his key takeaways.