Warren Buffett defends 3G, touts economy in record year for Berkshire

Warren Buffett on Saturday used his annual letter to Berkshire Hathaway Inc shareholders to launch vigorous defenses of an aggressive private equity partner and a maligned mobile home unit, as his conglomerate recorded robust profits. The world's third-richest person and a revered investor, Buffett also injected himself into the contentious 2016 U.S. presidential campaign, lambasting candidates who talk down the nation's economic future as “dead wrong” – an apparent jab at Republicans and frontrunner Donald Trump. Buffett, who is backing Democratic candidate Hillary Clinton, also raised a political issue dear to Democrats in his widely-read letter by calling climate change a “major problem for the planet,” although not one for Berkshire's future.

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Warren Buffett defends 3G, touts economy in record year for Berkshire