Billionaire investor Warren Buffett, while celebrating another success of his multinational conglomerate Berkshire Hathaway, offered some advice to US President Donald Trump in his annual letter to shareholders on Saturday, February 22. Buffett sent a cautionary message to the US government in his letter to Berkshire Hathaway shareholders, urging the country to ‘spend wisely’, maintain a stable currency and care for those who get “short straws in life.”The 94-year-old world’s most famous investor acknowledged his advanced age in the letter, telling shareholders he now uses a cane and will spend less time fielding their questions at Berkshire Hathaway’s annual meeting in May 2025.Also Read: Warren Buffett’s Berkshire Hathaway Q4 profit surges 71% to $14.53 billion on insurance income amid high interest ratesBuffett’s letter was accompanied by Berkshire’s annual report, which reported a third straight record annual operating profit, rising 27 per cent to $47.44 billion. The conglomerate also ended 2024 with a record $334.2 billion of cash and equivalents, reflecting high valuations and aggressive stock sales, especially Apple. Berkshire has been a net seller of equities for nine straight quarters.1.Advise to US President Donald Trump: “Paper money can see its value evaporate if fiscal folly prevails,” wrote the Oracle of Omaha in the annual letter. “In some countries, this reckless practice has become habitual, and, in our country’s short history, the US has come close to the edge,” said Buffett, advising Trump to ‘spend money wisely’ and maintain a stable US dollar.2.Berkshire Hathway’s tax payments: On the tax front, Buffett said the company has paid more tax than the American tech giants.“Still operating under the name of Berkshire Hathaway – paid far more in corporate income tax than the US government had ever received from any company. Even the American tech titans that commanded market values in the trillions.”3.Berkshire’s Japan investments: Buffett said Berkshire is likely to increase its stakes in all five Japanese trading houses it holds: Itochu, Marubeni, Mitsubishi, Mitsui, and Sumitomo. At year end, Berkshire invested $23.5 billion in those companies. Over the past six years, Berkshire has spent $13.8 billion on Japanese investments.Also Read: Warren Buffet’s Berkshire Hathaway Q1 operating profit rises 39% to $11.22 billion, net income drops 64% YoY4.Greg Abel to be Berkshire’s new CEO: Warren Buffet assured shareholders they would be in good hands after he turned over the conglomerate’s reins to Vice Chairman Greg Abel, saying Abel has “vividly shown his ability” to deploy capital. He also wrote that Greg Abel would be ready to act whenever he spotted significant investment opportunities.5.Admitted to mistakes: Buffett opened the letter by acknowledging that he has occasionally made mistakes over the years without offering many specific examples. However, he cited Berkshire’s payment of zero income tax in