Warren Buffett's Annual Letter Spotlights Some Big Lessons For Investors

Warren Buffett's new annual letter is packed with wisdom that speaks to both new and seasoned investors. This time, the 94-year-old CEO of Berkshire Hathaway talks about everything from admitting his mistakes to paying big taxes and picking the right businesses. He also reveals a bit about how Greg Abel will carry the torch when Buffett steps aside. Let's walk through some of the biggest lessons he shared so we can all become smarter investors.