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Buffett Praises Newspapers

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In his annual letter.

Continuing his reputation as a contrarian investor, in his annual letter to investors, Warren Buffett mentioned his investments in local newspapers. The letter also addressed a wide range of topics – from his recent purchase of Heinz to his appeal for investment in the United States. However, the letter still failed to announce whom Buffett has chosen as his successor.

Read it at The New York Times

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