The following video is part of this week's MarketFoolery podcast, in which host Chris Hill, along with Ron Gross and Joe Magyer, discuss the latest business news. In this segment the guys analyze Warren Buffett's annual letter to shareholders. With much of the media focused on who will eventually succeed Buffett as CEO of Berkshire Hathaway, the guys also discuss Buffett's role as unofficial booster for American business and the U.S. economy. Joe also identifies one part of the letter than no one is talking about: Buffett's latest subtle masterstroke to ensure that the long-term interests of Berkshire Hathaway and its shareholders are well preserved. The guys also analyze why Buffett went out of his way to praise executives from Bank of America and JP Morgan Chase.
Chris Hill does not own shares of any of the companies mentioned. The Motley Fool owns shares of Berkshire Hathaway, Wells Fargo, JPMorgan Chase, and Bank of America. The Fool owns shares of and has created a covered strangle position in Wells Fargo. Motley Fool newsletter services have recommended buying shares of Berkshire Hathaway. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.