Key Takeaways From Warren Buffett's Shareholder Letter

The transcript discusses the impact of the new tax regime on Berkshire Hathaway, highlighting a $29 billion benefit from deferred tax liabilities. Warren Buffett acknowledges the boost but remains cautious about the broader economic impact. He expresses mixed feelings about the tax overhaul, noting it benefits his businesses but would have preferred a different bill. Despite having $116 billion for investments, Buffett faced a 'drought' in dealmaking due to high business valuations. He seeks significant deals to expand non-insurance sectors, led by Greg Abel, and is focused on finding correctly priced opportunities.

What was the one-time benefit mentioned that contributed to Berkshire's earnings?

How did the teacher describe Warren Buffett's overall take on the tax reform?

What is the current amount of money that Warren Buffett has available for deals?

What challenges did Berkshire face in dealmaking last year?

What factors is Buffett considering when looking for new business acquisitions?