The following video is part of our "Motley Fool Conversations" series in which advisor Joe Magyer and business community connector Matt Trogdon discuss topics across the investing world.

Legendary investor Warren Buffett released his annual letter to Berkshire Hathaway shareholders this weekend. In today's discussion, Joe and Matt talk about the key takeaways and surprises, and Joe gives his opinion on the best Buffett stock to buy now.

Joe Magyer owns shares of Berkshire Hathaway. Matt Trogdon has no positions in the stocks mentioned above. The Motley Fool owns shares of Berkshire Hathaway, The Coca-Cola Company and Wells Fargo & Company and has the following options: short APR 2012 $21.00 puts on Wells Fargo & Company, short APR 2012 $21.00 puts on Wells Fargo & Company, short APR 2012 $29.00 calls on Wells Fargo & Company and short APR 2012 $29.00 calls on Wells Fargo & Company. Motley Fool newsletter services recommend Berkshire Hathaway and The Coca-Cola Company. 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.