McKenna On Buffett, Berkshire Hathaway, and Kraft Heinz

Has Warren Buffett run out of long-run?

The stars aligned and Warren Buffett issued an annual shareholder letter that was forced to include an embarrassing charge for significant losses on Berkshire Hathaway’s investment in Kraft Heinz.

Buffett’s letter was a rant against GAAP, and a 180 degree turn from his typical long-term focus.

I was in New York Feb. …