Warren Buffett defends 3G, touts economy amid record Berkshire profit

February 27, 2016 5:47 PM

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Warren Buffett defends 3G, touts economy amid record Berkshire profit

Warren Buffett on Saturday used his annual letter to Berkshire Hathaway Inc shareholders to launch vigorous defenses of a private equity firm and a mobile home unit that critics say employ controversial practices, and to lambaste politicians trying to talk down a still-growing economy.

The billionaire also touched on a wide range of other issues in his widely-read annual letter, including Berkshire's record 2015 profit and calling climate change a major problem.

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