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100% agree. I'm an avid Buffett, Munger and Berkshire follower. I've been to >= 8 of the last sequential annual meetings in Omaha (I highly, highly recommend it).

This letter left me feeling a bit empty, which I've never felt before after reading Berkshire letters. No in depth discussion of anything interesting. I actually see it as a bit of a worrying sign.

I'm speculating here, but maybe Buffett is conflicted about discussing the changes in corporate tax code in more depth given that it helps Berkshire and shareholders (himself the most, as the largest shareholder by far) at the expense of the country?




Also not much going on when every asset class is so expensive you don’t make many moves


https://youtu.be/BXrYDGPUSF4?t=456

Buffet interview talking about the tax changes before they got through.




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