Buffett

"I read and think"

"I insist on a lot of time being spent, almost every day, to just sit and think," he said.

Buffett always makes great points in his annual letter. This year is no exception.

While it has not been a great year for Berkshire Hathaway, he is moving forward in classic Buffett style.  He will hold cash until he finds great opportunities. Then.... the returns will be monstrous.