Warren Buffett, the billionaire CEO of Berkshire Hathaway, has issued a warning about the stability and purchasing power of the US dollar. In his annual letter to shareholders, Buffett states that paper money can lose its value due to fiscal folly and that fixed-coupon bonds do not provide protection against runaway currency. While he acknowledges the faults and abuses within capitalism, Buffett emphasizes its power to promote prosperity. He also mentions that he will soon be stepping down as CEO, with Greg Abel expected to replace him. Buffett concludes by stating that Berkshire Hathaway remains impartial in its choice of equity investments and looks for compelling opportunities to deploy savings.



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