In his annual letter to shareholders Saturday, Warren Buffett celebrated the successes of Berkshire Hathaway's companies last year and in the 60 years since he took over a struggling New England textile company and began converting it into a massive conglomerate while offering some advice to President Donald Trump.

Warren Buffett on Saturday sent a cautionary message to the U.S. government on Saturday in his annual letter to Berkshire Hathaway Inc shareholders, urging Washington to maintain a stable currency and take care of those who get "short straws in life.

Berkshire Hathaway shares rose to a record on Monday after the conglomerate run by Warren Buffett posted its highest-ever quarterly profit, driven by improvement in insurance operations. Julian Satterthwaite reports.