FILE - In this May 7, 2018, file photo Berkshire Hathaway Chairman and CEO Warren Buffett speaks during an interview in Omaha, Neb., with Liz Claman on Fox Business Network's "Countdown to the Closing Bell." (AP Photo/Nati Harnik, File)
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Warren Buffett appeared to fault U.S. President Donald Trump over the weekend for taking too much credit for the nation's economic growth, while acknowledging that market conditions were making it tough for his Berkshire Hathaway Inc. to find more big companies to buy. Buffett lamented these states of affairs in his widely read annual letter to Berkshire shareholders.Buffett uses his shareholder letters to focus on Berkshire's operating businesses, tout the strength of the U.S. economy and criticize thinking and business practices that get in the way.Accounting rules require Berkshire to report unrealized stock gains and losses with net income, causing huge quarterly swings that Buffett said were usually meaningless.Results also were hurt by a $3.02 billion write-down for intangible assets that Buffett said was "almost entirely" attributable to Kraft Heinz, in which Berkshire owns a 26.7 percent stake.While dated Saturday, Buffett's shareholder letter was written well in advance and did not discuss Kraft Heinz's travails or the day-to-day management of that company by 3G Capital, the Brazilian firm and Buffett business partner.
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