Warren Buffett’s annual letter to Berkshire Hathaway $BRK.B shareholders for 2012 is more than 13,000 words long, but some words stand out more than others. There are 188 words in this year’s missive— including ”fret,” “software,” and “recession-resistant”—that Buffett had never used in his previous 35 letters, which describe his thoughts about Berkshire’s performance and the global business climate.
