Speaking to Berkshire’s millions of shareholders on Saturday, Buffett warned the company was being hit by inflationary pressures: “We’re seeing very substantial inflation – it’s very interesting. I mean, we’re raising prices. People are raising prices to us. And it’s being accepted.” “The costs are just up, up, up. Steel costs, you know, just every day, they’re going up.” “And it just won’t stop! People have money in their pocket, and they pay the higher prices… There’s more inflation going on that people would have anticipated six months ago or thereabouts.” -VIDEO