Berkshire Hathaway, the multinational holding company operated by Warren Buffett, just became the latest company to distance itself from diversity, equity, and inclusion. The firm’s most recent annual report on Saturday appears to have removed a section that mentioned the diversity,

Instead, the “Oracle of Omaha” has become a “committed” and “long-term” investor in a handful of Japanese companies.

In his annual letter to shareholders Saturday, Warren Buffett celebrated the successes of Berkshire Hathaway's companies last year and in the 60 years since he took over a struggling New England textile company and began converting it into a massive conglomerate while offering some advice to President Donald Trump.

Key Takeaways Warren Buffett on Saturday assured Berkshire Hathaway investors that despite the company's record cash pile and recent stock sales, "the great majority" of their money remained invested in equities.