Buy local newspapers, says Warren Buffett

Even in the face of online competition, local newspapers continue to reign supreme, says Warren Buffett.

It's that time of year again. Warren Buffett has just released the annual shareholder letter for investors in his investment vehicle, Berkshire Hathaway.

The letter is one of the most widely-read documents in the financial world, and is scanned for clues as to where the world's most successful investor is considering putting his money.

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James McKeigue

James graduated from Keele University with a BA (Hons) in English literature and history, and has a certificate in journalism from the NCTJ. James has worked as a freelance journalist in various Latin American countries.He also had a spell at ITV, as welll as wring for Television Business International and covering the European equity markets for the Forbes.com London bureau. James has travelled extensively in emerging markets, reporting for international energy magazines such as Oil and Gas Investor, and institutional publications such as the Commonwealth Business Environment Report. He is currently the managing editor of LatAm INVESTOR, the UK's only Latin American finance magazine.